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Is Loom Network Heading for a Dump? The price of LOOM has skyrocketed by 542% in just a month. However, there's a rising trend of massive token transfers to exchanges, prominently by big players and the developer team. A notable example saw 12.6 million LOOM, totaling $3.48 million, being transferred to Coinbase. Moreover, Upbit currently houses more than half of all circulating LOOM tokens. These activities could be preludes to a price tumble, but those considering short positions should be cautious; Upbit traders often move against general market anticipations.
LLong
by DEXWireNews
Race Ferrari:Hitting the Brakes on a Volatile Day Race Ferrari (NYSE) presents an enticing opportunity for investors looking to go long in the luxury automotive sector. Ferrari, known for its iconic brand and high-performance vehicles, has demonstrated resilience amid economic uncertainties. One compelling reason to consider a long position is Ferrari's strong brand loyalty and demand for its premium cars, which has shown no signs of waning. Additionally, as the global economy recovers, luxury car sales tend to rebound strongly. With a track record of steady growth and a commitment to sustainability, Ferrari is well-poised for future success. Its expansion into electric vehicles and continued focus on innovation ensures it remains at the forefront of the automotive industry. Furthermore, technical analysis reveals positive signals, including moving averages and relative strength index (RSI), supporting a bullish outlook. While no investment is without risks, Ferrari's unique market position and promising future prospects make it an attractive choice for those considering a long-term investment strategy in the automotive industry.
NYSE:RACELong
by DEXWireNews
HINDUNLIVER - SUPPORT TRADEHinduniliver is at multi-support level. This is the level where it took support multiple times in the past and bounced from it. Considering the previous price action, chances are that prices might bounce from these levels again. Hence with a small stop loss, a long trade can be taken in this stock. I have drawn a downsloping trendline along the previous peaks, the break of which can take stock to 2640 levels in no time. Current levels: 2468 Support levels: 2457- 2421 Target: 2640 Stop: Below 2400 ( as per risk capacity)
NSE:HINDUNILVRLong
by manuagarwal21
BITCOIN Price Mirror LONG Idea I use mirror path to try to predict the trend pattern and it came out very well, we can see how the trend is following the path almost perfectly, blue lines are important support and resistance levels. It looks like we can stay for at least three or four weeks between 28k and 32k levels. The measure move from today to 50k is around 185 days. If the path follows to the end we could see at 67k in around 200 days. Remember this is only an idea and the pattern can change anytime depending on news , economic performance, etc. Fell free to share your thoughts, thanks for following!
Long
by cryptofairylana
Coinbase Textbook Bottoming Pattern Found Hi Guys! This is a Technical Analysis of Coinbase (COIN) on the 1 week timeframe. As you can see we have drawn out a Inverse Head & Shoulder Pattern forming in COIN. This is a textbook pattern as it follows to the t the necessary criteria both in price action and volume. Stages of the Price Action Downtrend to form Left Shoulder The rally from Left Shoulder does not breach the Neckline Downtrend from peak of rally to form Head The rally from the Head also does not breach the Neckline Downtrend from Peak of rally to form Right Shoulder The rally from the Right Shoulder breaches the Neckline A Return move from the breakout back to Neckline -> This stage we are currently playing out Volume Signs of Textbook Inverse Head & Shoulder 1. Left Shoulder has taller volume bar (higher volume) than Head Volume 2. Lighter volume or shorter bars seen for Head than Left Shoulder 3. The rally from Head to Right Shoulder has increasing volume that exceeds volume of the rally from left shoulder to neckline 4. DOwntrend to Right Shoulder -> shows a declining volume bar height / declining volume 5. Sharp Spike on Volume during rally from Right Shoulder to Neckline breakout 6. Declining Volume during current move, the Return Move Thoughts: Both times we rallied from the shoulders we reached a Resistance zone and got rejected. I believe we are currently in the "Return Move" to test the Neckline as Support -> The areas i am looking is: 1. 0.5 FIB Level, this is also where the 21 EMA converges so a Support zone to watch This area is important because it is the "Golden Zone" for FIB, as well as where the 21 EMA is at. This makes this area a place to observe for potential bounce. Though i believe this to be short lived. 2. Testing Support on the NECKLINE SUPPORT line 3. This one is least likely but nevertheless still possible, the 0.382 FIB Level, a potential scenario being a WICK down from testing support on Neckline After testing these levels i believe that Coinbase will start its Bull run where it has tremendous growth in market cap A first target would be breaching the Resistance zone and confirming it as Support. Take a look for yourself. Experts let me know what yall think! Stay tuned for more updates on COIN in the near future. Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:COINLong
by SafofAllTrades
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