🎯 Tactical Trade Proposal for Fiverr: Trade AlertThis trade idea for Fiverr is a short-term play based on technical analysis, with caution advised due to potential volatility and uncertain directional movement. The analysis does not rely on fundamental factors but rather on technical indicators.
Entry: 20.68
The entry point is determined by the Fair Value Gap (FVG) and supported by demand zones (SMC). This entry presents the optimal scenario when the FVG is above the demand zone.
Stop Loss (SL): 19.86 (-0.50% from demand zone)
To manage risk, a stop loss is set at 0.50% below the demand zone, offering protection in case the trade moves against expectations.
Take Profit (TP): 22.37
The take profit level is set at 22.37 to capitalize on potential upward momentum. Beyond this level, there are indications of bearish momentum, hence offering a suitable exit point.
Note: If the price approaches within 0.10% of the target and shows signs of further decline, consider closing the position prematurely to secure gains or minimize losses.
Remember, this is a short-term trade idea, and it's essential to monitor the price action closely and adjust strategies accordingly. As always, manage risk diligently and consider your risk tolerance before executing any trades.
Write in the comments how you find this idea!!!
Fvrrlong
Buying Fiverr breakout.Fiverr - 30d expiry- We look to Buy a break of 33.55 (stop at 31.18)
We are trading at oversold extremes.
Prices have reacted from 26.27.
Price action has formed a bullish ascending triangle formation.
The bias is to break to the upside.
33.04 has been pivotal.
A break of resistance at 33.50 should lead to a more aggressive move higher towards 40.00.
Our profit targets will be 39.48 and 41.48
Resistance: 31.60 / 33.50 / 38.30
Support: 30.00 / 28.50 / 26.30
Disclaimer – Saxo Bank Group.
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$FVRREven after the recent partial recovery, FVRR still trades 40% lower than all-time highs. Is this a buying opportunity?
The answer to that question depends on how long you believe FVRR can sustain elevated growth rates.
Wall Street consensus estimates call for FVRR to grow revenues by 51.66% this year (which would be the high end of company guidance), followed by 31.2% and 27.2% growth over the following 2 years.
Fiver fell just under 2.10% yesterday but still looking very bullish in my personal opinion.
We have a double bottom on the daily w/ also a gap to fill.
When you look at the daily, we also have a nice clear curve which suggest it’s getting to pop.
MACD looking ready to continue its push.
While the RSI is sitting above 50.
I suggest keeping this on your watchlist.
- Factor Four