Buy on dips for 40% returnHi All,
Please refer chart for detailed explanation on technical analysis .
Falling wedge is one the most accurate pattern. One can use buy on dips strategy.
If you think my analysis is helpful than please do like my idea. For future reference do follow me so that you do not miss any of my analyses.
You can also check my Axis Bank trade for 20% return. Link is shared below or else you can visit my profile and check all the Ideas which I have shared.
Feel free to leave any questions you have in the comments! I will gladly respond to them.
Hopefully, this helps you out a little bit. Please make your own research before investing.
P.S: This is not an investment advice. This chart is meant for learning purposes only. This is my personal viewpoint so please Invest your capital at your own risk
Fundamentalanalsysis
92.62% STRONG STATISTICAL ANALYSIS FOR CADCHF BUY LIMIT Statistically speaking, I've been this for so many years.
Technical Analysis is not just all about drawing lines and key levels.
I calculated some currency strength between CAD and CHF.
CAD is strong and CHF is weak from the previous week and it will continue until now.
SRT was defined in our charting.
In this area, we create a cipher pattern that shows a clear harmonic pattern of the long position.
We can't put a target price in our Fib. Golden Ratio due to the fact there is a potential liquidation in that area.
We should buy low in this pair.
We will follow the institutional banks in their trade.
There is a clear direction of uptrend here based on our Trend Analysis with the integration of swings, trend line, and volume profile.
The Wave Analysis was integrated with our Cipher Pattern with 0.886 or 0.786 target prices.
FX:CADCHF has a long position with winning high probability to trade on.
One Query on Cardano's FundamentalsThis analysis isn't really about ADA's price action, but on Cardano's fundamentals.
Cardano was founded back in 2017, and takes pride in adopting a process that relies heavily on academic research and engineering best practices.
However, it makes you wonder, if Cardano's management takes so much pride in research, why would they name it after Gerolamo Cardano? After all, this is the Cardano who made predictions, even the day of his death, but killed himself because he woke up healthy on the day he predicted he would die.
The choice of a company's name is one of the most important decisions a company can make.
SHORT ON GOLD - SUPPLY & DEMANDGOLD is currently at a key supply zone, marked out on the 30M timeframe. Previously, GOLD has rejected this zone with strong momentum, and we can already see strong selling pressure at this zone.
We've just seen a huge bearish engulfing candle formed the 30M timeframe, creating a new lower low. I am now looking for GOLD to come up to supply once more to complete the head & shoulder pattern making that lower high which so happens to line up with the 61.8 Fibonacci level.
I personally believe GOLD is heading higher into the 1800 (Golden zone) where we have another supply zone, however GOLD has started to reject the 30M supply zone instead but please do trade with caution!
Long-term- I believe GOLD is going to break out of this range and head up to the mid-1800 area in the next few weeks/months. This idea is fuelled by the high inflation rate around the world, specifically the US where they are at a 38 year high of 6.8%. GOLD is seen as a hedge against inflation and with concerns over the new Covid variant, investors may start moving their money into safer assets such as GOLD / US Dollar / Japanese Yen.
This is merely a possibility and a trading idea so please do trade with caution and ensure correct risk management is implemented.
Good luck and let me know your thoughts!
How to trade fundamentals (AUDUSD BUYS)Hey traders!
A common question I get is, do I trade fundamentals??
-From my experience it is to hard to trade off the back of data releases as the moves are to quick to happen and usually get very messy...
-Fundamentals I believe just help push a currency in the right direction as technicals give us the entry points to catch these moves
-For me its a rule to always have my stop-loss at breakeven when trading around the times of any news event or data release.
-It is important that we always know when a big event or release is coming out to cover any trades we currently have running or are about to open, price can move so quick and cause slippage on accounts especially if you are over leveraged.
-So the answer is I do and I don't trade fundaments, the aim of the game for me is to already be in a position with stops at breakeven to catch the bigger move but also protecting my account at the same time, at the end of the day we never know what's going to happen and price can do some wild things...
......... fundamentals overall control the market but technicals provide us with the entry points and create market structure.........
2CRZ critical region 2 breached; potential consolidation period2CRZ finally had a major increase in volume yesterday after about 2 months of meager price action, in which it moved from a high of $0.1033 down to a stable trading range of $0.03 to $0.022.
A reversal occurred yesterday, peaking at $0.085, after an 80% breakout to $0.0625 8 hours prior.
The breakout pattern on the chart was identified prior to it's 55% increase, but the price couldn't sustain above the $0.0635 level.
In all honesty, I'm personally a fan of the core idea behind this project, though I question if the team can get the job done efficiently.
A few things to note regarding the coin:
- Only upon the coin hitting a 100% gain on the day did the team begin to tease news, eventually sharing that they partnered with an e-sports franchise, also paying two former NBA players (Nate Robinson and Mario Chalmers) to post identical uncommitting, copy-and-paste tweets about the coin which was met with zero enthusiasm by their followers, and made the project appear pretty pump and dumpy.
- Correlating with the previous idea, their price actions seems to heavily rely on teasing secret news on twitter (creates small uptrend), followed by the release of the news (often met with a price retracement -- besides the news from last night, which relied heavily on the successful price action of that entire day)
Anyway, if the team can continue to establish good connections with professional athletes in E-sports and other realms, expand their listings on exchanges, then they should definitely be a coin to keep an eye on regarding quick growth, and the price action of recent points toward a nice entry point, hanging right above bottom level of resistance (I believe around 68% retracement from it's stable high of yesterday, 100% of peak).
Please let me know how you feel, if you agree, or i'f I'm totally 100% off and should stop immediately -- I've just started doing this lol.
Thanks
$DISShares of entertainment conglomerate The Walt Disney Company closed down 4.1% in Tuesday’s trading after the House of Mouse disclosed a disappointing forecast for growth in its Disney+ division.
Chapek warned that the Delta-variant fueled wave of Covid-19 is impacting movie and TV production and will delay releases in the coming months. The pandemic-related suspension of the Indian Premier League cricket season last spring also means less sports content on Disney’s streaming services in India over the summer. And Chapek said that the launch of Star+ in Latin America in recent months had proceeded more slowly than expected.
Taken together, that means Disney+ and its international equivalents might add “low single-digit million” subscribers in the current quarter, which is Disney’s fiscal fourth, Chapek said. Wall Street analysts’ average estimate had been for 17 million additional Disney+ subscribers in the period, according to FactSet.
But when we look at the charts we can see price is bouncing around in a symmetrical triangle on the weekly timeframe.
It’s very hard not to be bullish on Disney but we should keep this on our watchlist and wait for the break before entering this trade.
RSI sitting near 50.
MACD wants to curl.
Watchlist activated.
- Factor Four
GOLD FED NEWS DECISION PENDINGYesterday I posted a idea of short sell, there were scenario of buy and sell, I was confident on FED meeting on interest rate decision. But yet not confirmed.
Technically speaking it looks like price will continue lower and it will move below the previous lows 1744. Well I recommend you that open small lot size of 0.01 according to your risk management. Wait for FED meeting confirmation on further price action.
There will be two scenario
In CASE 1
If price goes to the above 1782-85, then the level to look out for is 1810.
In CASE 2
If price goes to the above 1772-69 as strong support, then the level to look out for is 1735 and low.
AGAIN I RECOMMEND you to take action after FED news and best entry position would be below 1770.
FOLLOW for future UPDATES, Like and Comment
$BLDEBlade Air Mobility Inc has fallen Monday morning, with the stock decreasing -5.24% in pre-market trading to 10.66.
BLDE's short-term technical score of 20 indicates that the stock has traded less bullishly over the last month than 80% of stocks on the market.
In the Airports & Air Services industry, which ranks 47 out of 146 industries.
BLDE ranks higher than 23% of stocks.
Blade Air Mobility Inc has risen 55.60% over the past month, closing at $7.66 on August 23.
During this period of time, the stock fell as low as $7.66 and as high as $11.25. BLDE has an average analyst recommendation of Strong Buy.
The company has an average price target of $15.67.
When we look at the technical side of things we can see it’s broken above resistance and even with yesterday’s markets fall it was still able to stay above resistance.
We could say previous resistance is now acting as support on the lower timeframes.
We have the MACD sitting comfortably above 0.50 and the RSI above 50.
I’m fairly bullish on this.
Keep this on your watchlist.
- Factor Four
$UUnity is a platform that provides two sets of solutions: Create Solutions and Operate Solutions. Create Solutions provides a comprehensive portfolio of software solutions for developers to create 2D and 3D content that can be deployed on more than twenty platforms, including Microsoft Windows and Apple.
Unity’s Operate Solutions offers app developers a set of solutions to grow and monetize their end-user base. The company competes with AppLovin through the Operate Solutions business.
Interestingly, Unity is also one of APP’s partners and enterprise client.
In Q2, Unity posted revenues of $273.6 million, a jump of 48% year-over-year, surpassing the Street’s estimates of $243.07 million. Revenue from Operate Solutions grew 63% year-over-year to $182.9 million
But moving away from the fundamentals and moving onto the technical side of things.
Unity Software has been forming an falling wedge since the 26th of June.
If this patterns plays out correctly price should fill the gap before falling.
MACD flat.
RSI flat with the 50MA looking really to break above the 200MA.
Keep this on your watchlist.
- Factor Four
$SOFISoFi Technologies has received a lot of attention from a substantial price movement over the last few months, increasing to US$23.89 at one point, and dropping to the lows of US$13.75
It seems Sofi Technologies has be gaining as a platform, and members seem to be growing.
The further development of their app and platform should increase user satisfaction and create networking benefits.
SoFi Technologies is just starting its journey and will have a lot to prove before it can become what it sees itself as - an automated banking and financial service platform.
The last quarter showed some encouraging growth, but should be taken with a grain of salt because it seems to be reflective of current trends for investing and financial distress because of COVID.
Analysts are estimating close to $2b in revenue and a break in profitability after 2023. However, the current market cap for SoFi is US$11.8b, which is reflective of the very long term potential of the company.
It may be too early to assess if the company can actually reach that potential, and the current valuation seems a bit speculative.
But overall, I think this company has an incredible future ahead.
When we move to the technical side of things
SoFi Technologies has been a little everywhere but it’s currently sitting on strong support on the higher timeframe and should be a level to watch out for.
A break of support could see this stock tumble but if it continues to hold, we could see Sofi move towards the $16 level to fill the gap.
Keep this on your watchlist.
$SPOTA lot has happened to Spotify during the last year.
The stock soared over 165% and reached $364 in February. Since then, the stock price has declined by over 40% since.
Spotify continues its global dominance, adding 27 million net subscribers between Q1 2020 and Q1 2021, more than any other single service. However, it lost two points of market share over the period because its percentage growth rate trailed that of its leading competitors. \
Google was the fastest-growing music streaming service in 2020, growing by 60%, with Tencent second at 40%. Amazon continued its steady trajectory, up 27%, while Apple grew by just 12%.
But moving onto the technical side of things.
Spotify is a classic example of previous resistance now acting as support.
Price closed on a hammer on the weekly.
MACD curling w/ the RSI above 50.
Keep this on your watchlist.
$LMNDLemonade is trying to disrupt the traditional insurance market with an all-in-one AI-powered app that insures customers within 90 seconds.
This approach, which bypasses the byzantine process of buying insurance plans has made it a popular platform for younger and first-time insurance buyers.
Lemonade also faces similar tech-forward competitors in the online insurance space, and the ongoing expansion of its ecosystem with new features (such as its upcoming auto insurance platform) could squeeze its margins and spread its resources too thin.
If Lemonade can gain millions of new customers over the next few years, it could certainly disrupt the insurance market in the same way.
When we look at the technical side of things. Lemonade has been forming a possible symmetrical triangle since nearly from going public.
We also have the MACD curling on the daily and just came out of oversold territory.
This might be a stock you want to keep your eyes on.
- Factor Four
Understanding Market Structure1) Consolidation
The market enters this phase after a strong movement. Sellers control buyers, which further leads to a downward trend
2) Down trend
Bearish phase - lower lows and lower highs. This is where traders want to go short on breakouts or from levels
3) Distribution
Occurs after a prolonged fall in prices, when buyers gain control of prices, resulting in higher prices
4) Up trend
The bull phase is where you want to be long. See to buy short breakout moves after long rallies have exhausted themselves. Attempts to rally are considered guilty until proven innocent
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ATOM Price PredictionAtom( Cosmos ) is a blockchain project that was built to address some of the challenges facing the cryptocurrency industry. Among these challenges are scalability and increasing the speed of throughput.
The Cosmos price is scorching hot today as demand for the coin rises. The ATOM price jumped to the highest level since May even as other cryptocurrencies paused. Its price is about 142% above the lowest level in July this year. It has a market capitalization of more than $4.34 billion and is the 32nd biggest coin in the world.
Is ATOM a good investment? Using technical analysis, we can decipher the chart pattern to predict how the Cosmos price will move in the near term.
Now, turning to the daily chart, we see that the Cosmos price has staged a strong recovery in the past few days. This rally happened after the coin found strong support at the $8.9 level. It struggled to move below the support several times in the past three months.
The Cosmos price has managed to move above the 25-day and 50-day weighted moving averages. Also, it has risen above the resistance at $14.7, which was the neckline of the double-bottom pattern.
Therefore, the ATOM price will likely maintain the bullish trend as bulls target the all-time high of $32. Still, I can’t rule out a break and retest situation where the coin retests the support at $14.7 and then resumes the bullish trend.
My investment strategy. Example of my own $AMD position.I've been investing in NASDAQ:AMD since the last year.
AMD is one of my biggest positions.
For my long-term investgment portoflio I use fundamental analysis to evaluate stock buying opportunities.
If I like the company I then use technical analysis to determine entries, exits and targets.
Here is my technical setup on NASDAQ:AMD
I use a combination of technical indicators. Here is my process:
1. Determine current long-term trend channel.
2. Find supply and demand zones to form a box inside which a stock is currently moving.
3. Watch for the box breakouts using volume as an indicator of move's worthyness.
4. Find new boxes after the breakouts using the same process.
5. Rince and repeat.
This investment strategy is pretty flexible.
You can day trade/swing trade inside the boxes.
You can buy the breakouts when you identify them and sell in the next box.
You can accumulate large positions at demand zones of multiple boxes for a long-term.
Personally, for my long-term investments I add to positions after the bounce off of the demand zone and trim after breakouts when the move reverses to form a new box.
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Please let me know if you want to see a deeper dive into fundamentals in the future.
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Disclaimer!!!
This is not financial advise.
Ripple Price Prediction: Is XRP a Buy or Sell this month?The Ripple price has been under pressure in the past few days. The XRP price is trading at $0.7150, which is about 8% below the highest level this month. The coin has a market capitalization of more than $33 billion and is the sixth-largest coin in the world.
Ripple had a relatively good month in July. It initially declined by more than 21% in the first three weeks of the month. The price reached a low of $0.5157 on July 21st. It then bounced back by more than 50% and reached a high of $0.7763.
Ripple and other cryptocurrency prices have had a difficult past few months. The price has declined by more than 65% from the highest point this year. This happened as investors worried about higher interest rates in the United States. There was also profit-taking in the market after the coin rose by more than 930% from the lowest level this year.
The four-hour chart shows that the XRP price formed a double-bottom at $0.5190 in July. The price has formed an inverted head and shoulders pattern. It has also formed a bullish flag pattern. It has also moved below the lower side of this flag pattern.
The coin is between the 50-day and 25-day moving averages. Therefore, there is a possibility that the coin will bounce back this month. If this happens, the next key resistance level at $1, which is about 40% above the current level. The alternative scenario is where the price retests last month’s low of $0.5190.
Feel free and get in touch for more ideas and trade signals
CLV/USDT (Kucoin) looking bullishCLV/USDT (Clover Finance) broke the triangle pattern and looking bullish after the news of getting listed in Binance. Massively undervalued at the moment. Clover got a great use case with potential growth. Best time to enter for a quick scalp or accumulate more if you're hodler.
This is not financial advice please DYOR. If you're a short term trader please use stop loss below $0.9748 or $0.7516
DOT/USDT is massively undervaluedPolkadot is one of the most undervalued high cap coin at the moment. Currently, more than 450+ projects building on Polkadot. This could easily overtake Cardano's spot. Currently down 70% from ATH.
Best time to accumulate much as we can. If DOT stays within the uptrend we could see a new ATH with 3x 5x growth from the entry at the end of this year.
This prediction is more suitable for long term investors and anyone looking to accumulate more DOT. This is not financial advice. Please DYOR on fundamentals
RUNE to the Moon? 5x Returns? > Bullish Falling WedgeHello Friends,
Hope you all are having a thrill in your trading journey.
I am presenting you my analysis of RUNE.
According to my technical analysis , RUNE will go back to $20 level .
This is a short-term investing idea.
I hope my analysis is pretty clear to you guys.
Kindly do your own research and follow proper risk management.
I am buying Rune! Are you? Feel free to share your views in the comment section. Like and Follow!
Best Regards,
Shaswat Naman
TradeThrill, India🇮🇳
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
DAX- New ATH not sustainable !Hello trader,
good mood and profitable deals 💲
New ATH not sustainable !
Current surveys say that investors predominantly have growth shares, i.e. Corona winners, in their portfolio.
But investors will also need money for After Corona shares. Which is currently not there, if you consider the investment ratios (data from AnimusX),
which are just below the ATH lie.
I assume that the strength will always switch between Corona Winner, Tech Values and After Corona Winner, Industry.
Investors will probably close their positions in tech stocks, for example, sooner or later in order to be able to invest in post-Corona stocks.
As long as the investment rate remains this high, a rally continuation should be difficult, except with a short squeeze, says DAX sentiment expert Stephan Heibel.
What do you think about it?
This post is based on my experiences and media coverage!
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
Unfortunately, my english is not so good and I work with google translate, but if you have any questions I will be happy to answer them .
If you like my posts smash the like👍👍 button, comment or follow me.
Thanks for reading my ideas,
Trade save!!
QUICK HEAL TECH ABOUT TO BREAKOUT !!!Quick Heal Technologies on the verge of Breakout on the daily chart and tomorrow if you break out with huge volumes positively because of the technical analysis and the unbelievable results posted by the company and will sustain the rising levels and is on track to show a great up more from the current levels respectively and the company has announced a dividend of 4 rupees per share too.
QUICK HEAL TECH RESULTS:-
Q4 CONS NET PROFIT 397.2M RUPEES VS 79.9M (YOY)
PROFIT 134.6M (QOQ)
Q4 REVENUE 1.05B RUPEES VS 642.5M (YOY)
DECLARED FINAL DIVIDEND OF 4 RUPEES/SHARE
Perfect oppurtunity for all types of trading.