The Money MAKERMKR saw a huge rise in May 2021 followed by a sharp fall due to the market conditions at the time. Ever since, it has failed to get close to making a new ATH. It is currently trading just above one of its long-term support lines and will be testing its long-term resistance (black line) over the coming days. The volume being traded is low so MKR will only break through the resistance if there is good momentum. Until then I believe it will hold above its support and continue to trade close to it.
In the event that there is enough volume to break the resistance, a strong bullish wave may form with potential mid to long-term targets marked on the chart.
Please note that this is not financial advice and I am not a financial advisor. All ideas are for educational purposes only :)
Please feel free to comment with your thoughts and ideas!
Long-term
Predictable targets for Bitcoin in long termThe trend line is the bitcoin uptrend line in the weekly timeframe, which has broken down. Of course, this failure is not substantial, and the red arrow indicates that the trading volume of the red candlesticks was below the 10-day average. So we can hope that candles and volume will not confirm the break of the trend line. Also, on the Ichimoku indicator, we have the support line of SinkoSpan A, which may prevent prices from falling below $ 46,000. But if this trend line is broken down, the next target will be the support of 29,000, and in case of possible failure, the strong support will be 20,000.
Also, the diameter of the Ichimoku cloud indicates a slow decline in the price and sideways trend of bitcoins. With this, until the bitcoin price stabilizes, there is no recommendation for long positions on cryptocurrencies.
Channel your inner CHILIZCHZ is trading near the bottom of this channel where there is long-term support. For it to move upward it needs to clear the key resistance levels marked by the fibs (mainly the 38.2 and 61.8) and the upper channel trend line.
Please note I am not a financial advisor and this is not financial advice. All charts are for educational purposes only! :)
EURUSD Broke ResistanceLooks like the long term resistance is broken and its only a matter of time that we start seeing the target prices. I suspect eventually we shall see 1.5900 area. This is long term and I see it as bullish now. Therefore I would be trading the short term, ignoring shorts and looking for nothing but long entries.
Doge EYEING 0.36 USD???Might be a little bit too early to tell because the setup is not complete in my eyes in the HTFs except the daily.
Why am I saying this??
On the monthly TF, we can see that price has been forming lower lows, clearing SSL the past few months. From that, yes we can time our buys as the market rebalances or retraces into the monthly OB. But for those planning on holding their coins, this way might not be ideal for them. All I'm trying to say is, how long is this buy going play out? Is it the one we can use to see price form higher highs, after months of plummeting??
Well I'd like to see this few scenarios unfold first, to be more confident about it.
1. For now on the Monthly TF, I expect to see price move into the monthly OB or even the resistance area, around 0.19194000 and then retrace.
2. On the Weekly TF, I want to see price purge through the previous swing high, that is where I believe the buy stops are residing or buyside liquidity.
3. After clearing the weekly swing high or BSL, i want to see price then retrace back prior or after entering the OB at 0.26597000 .
After all of this has occurred, I will then expect future higher prices clearing previous highs.
Please feel free to correct where I am wrong, I'm still learning..
Ohh, the reason I said that the daily is showing a change in the market structure is because we can see that there is a break of the market structure that occured days ago when price purged through a previous swing high retrace then moved up..
$ORCL - Caught At Demand$ORCL has substantially cooled off after releasing a stellar earnings report, dropping a whopping 15%.
We currently sit at a demand zone for the company, with an additional level of support underneath.
This presents us with an awesome opportunity to long an awesome company at a deep discount, with little to no downside.
💡Don't miss the great BUY opportunity in GBPUSDThe pound seems to be bullish right now and the first target that can be considered is $ 1.35. According to the chart you see, a speaker pattern is formed and the candlesticks are able to break the pattern from above. Now what are you waiting for, let's go!
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
RWS: Weekly uptrend remains stableAlthough RWS can be a volatile stock, we've seen the weekly support level is a strong one to add more positions. We sold SDL after the takeover announcement by RWS and then we bought it when it finished its correction in January 2021. It's a good one for the long-term not only by technical but also fundamentals, as translation software is growing in importance everyday and it has a good dividend yield.
META long term bullish investmentMETA verse project, probably you heard about the project and everyone talking about how it will change the world. A new world with new concepts,
also, you see Facebook had changed its name to Meta for many reasons, to change the infamous reputation into a new one and convince you that there are the inventors of the Metaverse technology,
Metaverse was an old project that had many companies are investing in this technology, and like anything in the world it grows and got developed. Omicron and home lockdown will give the runway for this technology to expand.
You will hear different points of view about this project is it good is it bad for users?
for an investor, it's just an investment opportunity.
I see that people from over the world are enthused about this project, Big institutions and companies NASDAQ:NVDA , NASDAQ:MSFT , NYSE:RBLX , NYSE:U , NASDAQ:INTC and more ... are investing in this thing, the main trend Indicates a long-term investment opportunity. the main currency for this project will be Crypto so if you have any Cryptocurrencies assets don't sell them now, they have a future -Mark my word-
Position
------------
The chart doesn't say much, as a new ETF the time will draw the chart, so we cannot base predictions on past events. But we have major companies like I mentioned above and more like OTC:SNEJF , NASDAQ:TTWO , NASDAQ:MTTR , NASDAQ:COIN , NASDAQ:EA , NYSE:FSLY , that we can follow up on the overall performance as an META ETF companies, so we can make our decision.
Buy limit at these areas of the 14 $-15 $
14 $ area is the only support the chart made, so technically we will consider it as bounce back area to the uptrend.
What is the target?
for a new project ETF, we will see what is the market tends to so it's your call if you want to follow the Warren Buffett strategy and got out with a 100% profit target, that's fine. for me, I will hold for a long-term 3 years or more if there are no government quarrels over the project.