$dkng - symmetrical triangle we are headed for $83.
look or a breakout above the purple trendline. after we clear 56.77, we can easily see 62.01. after 62.01 we see the 65 area which is a difficult area to clear. past 65 easy 83+ target.
65 is an important level.
one thing i will be watching is the negative divergence...
Fibretracement
$BAND/USDT 3h (Binance Fut.) Parallel channel facing resistanceBand Protocol lost its support, I believe it will retrace down further to lower-line or near after a last impulse.
Current Price= 8.7404
Buy Entry= 8.7397 - 8.9909
Take Profit= 8.2719 | 7.7735 | 7.1819
Stop Loss= 9.3710
Risk/Reward= 1:1.2 | 1:2.19 | 1:3.37
Expected Profit= +13.50% | +24.72% | +38.06%
Possible Loss= -11.28%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 240h
$ANKR/BTC 4h (Binance Spot) Falling wedge breakout#Ankr is on historical support and breaking out that bullish wedge, I am filling a bag here.
It is hard to have a tight SL since we could be stop hunted easily, so I went for a wide one, same for targets!
Current Price= 0.00000025
Buy Entry= 0.00000026 - 0.00000022
Take Profit= 0.00000038 | 0.00000047 | 0.00000062
Stop Loss= 0.00000014
Risk/Reward= 1:1.4 | 1:2.3 | 1:3.8
Expected Profit= +58.33% | +95.83% | +158.33%
Possible Loss= -41.67%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 720h
$SXP/USDT 3h (Binance Futures) Head & Shoulders + Triangle breakSwipe broke-down that H&S and is retesting the neckline right now, I believe it's a good timing to enter.
If managed to break-out then red trendline and enter back inside the ascending triangle then we'd rather switch to long!
Current Price= 0.9360
Sell Entry= 0.9329 - 0.9569
Take Profit= 0.8769 | 0.8124 | 0.7371
Stop Loss= 1.0018
Risk/Reward= 1:1.2 | 1:2.33 | 1:3.65
Expected Profit= +14.40% | +28.04% | +43.98%
Possible Loss= -12.04%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 2x
Estimated Gain-time= 120h
corn down to $18k-$26k range? Normal retrace after run from 3k to 42k to normal fib nodes
RSI overextended on weekly but monthly and daily are green light for continuation. Weekly is only issue.
Could easily stay between 85-95 RSI for multiple months.
Staying cautiously bullish for now.
No point going cash, better to eat any 30% - 50% dips, not getting cute with this market.
A retracement would likely be uncomfortable and choppy for both bulls and bears.
$docu - consolidating before another breakoutsaw a nice gap up off the cup's handle break. has been consolidating for a few days, now forming a bullish triangle pattern sitting at support. watch for a breakout.
other bullish indicators:
- macd crossover incoming
- bullish divergence
- bigger picture flagging on the daily
LKE Strong TrendLake Resources NL (ASX:LKE; OTC:LLKKF) is a clean lithium developer utilising clean, direct extraction technology for the development of sustainable, high purity lithium from its flagship Kachi Project, as well as three other lithium brine projects in Argentina. The projects cover 200 sq km in a prime location within the Lithium Triangle, where 40% of the world’s lithium is produced at the lowest cost.
Lake Resources looking bullish:
- Strong Uptrend respected
- Previous targets complete
- Bullish Channel confirmed
- MACD Bullish
- RSI Trending Bullish
- Bullish bounce of .328 Fib Retracement over last 2 days
- Bullish Buying Volume
- Market Structure currently Bullish
Bearish Move:
- Im expecting some Bearish action as traders take profit, RSI is slightly overbought. Consolidation within channel is possible.
Watching Closely
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
$IOTA/USDT 1h (Binance Futures) Ascending triangle breakoutMiota broke out of that triangle and is looking ready for a leg up in my opinion.
Current Price= 0.3932
Buy Entry= 0.3933 - 0.3851
Take Profit= 0.4054 | 0.4292 | 0.4615
Stop Loss= 0.3730
Risk/Reward= 1:1 | 1:2.47 | 1:4.46
Expected Profit= +12.48% | +30.84% | +55.74%
Possible Loss= -12.48%
Fib. Retracement= 0.786 | 1 | 1.272
Margin Leverage= 3x
Estimated Gain-time= 120h
EURUSD - Counter trend trade idea! EURUSD - Counter-trend trade opportunity!
Hello, It really feels good to be back in-front of my desk! I unfortunately had a very dismal start of the year but I am back and ready to smash this year and to post trade ideas on a more regular basis! If you have any trades you'd like me to go over - Message down below or private message. It's free!
Now, Last week - I did miss out the great DXY strength we got - " SQUEEZED!". But, as I always say - the market is full of beautiful opportunities, really does depend on your patience.
EUR - COULD Head down towards 1.20 and perhaps 1.19/1.18 before a further increase to areas of resistance: 1.25 - 1.34 - 1.40!
Resistance Areas: 1.22210 - 1.22415
Support Areas: 1.21660 - 1.21200 - 1.20810
Pattern wise: Descending wedge formation broke out, any pull back towards 50 EMA would find a reaction of resistance. Measuring the pattern - target = 1.20800 Areas.
Please do remember, this is a counter-trend trade idea. For those Dollar bears - Yeah I agree Medium/Longer term I am of course bearish the dollar but I do really like a good risk/reward towards my trades and if we do head towards 1.20 and lower I will be of course buying into EUR further more towards longer term resistance areas.
Key Tip: Follow your own trade plan and execute wisely with the correct risk management.
Have a great week ahead.
All the best,
Trade Journal (TJ)
Remember: Just a trade idea, not a recommendation.
$XRP/USDT 2h (Binance Futures) Ascending triangle breakdown#Ripple is not looking good after that break and retest, worth a try for a scalp.
Also Grayscale selling their bag and all the Exchange delisting for U.S. customers aren't helping to go up!
Current Price= 0.2291
Buy Entry= 0.2274 - 0.2354
Take Profit= 0.2120 | 0.1874 | 0.1710
Stop Loss= 0.2508
Risk/Reward= 1:1 | 1:2.27 | 1:3.11
Expected Profit= +8.38% | +19.01% | +26.10%
Possible Loss= -8.38%
Fib. Retracement= 0.5 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 120h