LOW
MRPH Squeezed between 200MAsThis could go either way but look how it gets squeezed and compressed between the 200MAs (red / green) on the daily chart.
And they get narrower and narrower as the pressure is building up.
Lets see where this goes.
LOW is making a cup of joeI was watching HD and it hit me that I should take a look at LOW too. So glad I did. It is on my watch list as I am confident that it is forming a cup & handle. If you look to the left, you will see a previous similar cup & handle that played out beautifully. I think the small difference is that there is no gap to fill. But of course we have to watch and play accordingly. When the price holds above $210.... I'm in like Flynn. Are you going to get a cup too?
Play Idea:
$220 -230C
$240 PT
45-60 day play
10Set LONG The Bridge Between Crypto & Stock MarketTenset is an aggressively Deflationary Token with Smart Staking System! You can get this coin on pancakeswap or uniswap or gatevio and more. This has the same staking feature as Rex-Token.com. Staking 10set works via the RFI mechanism. There is no need to freeze tokens or store them in any special wallets. Staking works for everyone, always. This generates passive income, keeps some tokens out of circulation and encourages HODLing. Their Smart Contract adds 2% fee to each transaction and splits it:
- 1% fee is proportionally divided to all 10set users, which incentivises HODLing.
- 1% is automatically BURNED, which reduces the overall 10sets circulation.\
Each token is backed by a collection of cryptocurrencies, and later shares, generating passive income through staking, loans or depositing.
A part of company's profits is used to buy back 10set tokens from exchanges. Those tokens are burnt, which boosts its price and creates deflation.
The live Tenset price today is $2.25 USD with a 24-hour trading volume of $1,788,814 USD. Tenset is up 6.35% in the last 24 hours. The current CoinMarketCap ranking is #2775, with a live market cap of not available. The circulating supply is not available and a max. supply of 210,000,000 10SET coins.If you would like to know where to buy Tenset, the top exchanges for trading in Tenset are currently Gate.io, ZT, Uniswap (V2), 1inch Exchange, and Decoin. You can find others listed on our crypto exchanges page. 10set token has been launched in January 2021, using Ethereum erc20 protocol. It's a new generation ETF2.0 deflationary token with a smart staking system, that bridges cryptocurrencies with the stock market. Tenset adds a 2% transaction fee to every transfer.
Half of the fee is burned creating a deflationary effect and another half is automatically distributed to all token holders. No need to freeze it or hold it in any special wallet. Tenset is an emerging blockchain project that acts as a bridge between the traditional financial market and cryptocurrencies. Tenset (10SET) is taking advantage of our unique position in time as we enter a fourth industrial revolution, as they describe. New technologies, like blockchain, DeFi, and the internet of things, are all becoming attractive to enterprises that wish to be the first-movers to provide their customers unique solutions. However, it often takes a long time to iron out the issues, like government regulation. Tenset acts to speed up the adoption of blockchain and crypto by bridging traditional finance with the new technology. They are seeking to provide blockchain benefits to companies, like Visa and Oracle, that are already well established in the traditional world. The 10SET token also acts as a deflationary coin that will provide users with more value over time. It uses a portion of every transaction fee to reward users with more tokens that are directly sent to their wallets. The project was founded by the current CEO, Jonasz Miara, a blockchain entrepreneur and avid investor since 2014. The core team is also all doxxed and visible on the team page of the website. The growing team has developers, sales personnel, and legal compliance personnel helping the project expand and support more users.
Tenset was launched in the first quarter of 2021 and is in the beginning stages of an ambitious roadmap that aims to end the year with loan offerings, automated stock market dividends, and promotion of the project to more institutional investors. The 10SET token’s price grew from $0.70 (price during the launch) to over $6.00 at its all-time high (ATH) before the crypto slump in late May 2021. It now has a current price that is hovering around the $2.00 mark. It is unclear how much the token will grow in terms of price and value, but its deflationary mechanism will likely drive the price up quickly. 10SET token is gaining more popularity, considering it launched at the beginning of this year. A number of factors, including the total supply of tokens, community strength, and the team’s ability to achieve goals laid out in the roadmap, will contribute towards the upward or downward movement of 10SET’s price. Tenset is a fairly unique project that has both problem-solving implications as well as attributes commonly seen in value-building cryptos. The token acts to provide more incentives for investors to hold it, by giving them opportunities to stake and earn rewards just by holding it in a wallet. The smart contracts built into the Tenset network add a 2% fee to every transaction.
$SQBG Short Squeeze Inbound Low float Low float + 0 shares left to short. Squeeze
Squeeze inbound check short data and interest
Wyckoff Analysis - BTC distribution Might Ignite SoonLooking at the chart, seems like the UTAD & Preceded test were successful and the change of character is completed, all we have to do now is wait for the price to break the support line, and look for the LPSY
i don’t own Bitcoin right now, I’ll position myself when the Distribution will end
Sector early indicator? Yes, the Hardware trade can be sometimesRelated to the Real Estate sector, trade in Hardware and Construction Materials - here represented by the twin titans of home improvement retailing, Home Depot (HD, in green) and Lowe's (LOW, in purple) - can sometimes act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... falling from peaks in Feb 2007, Apr 2011, Mar 2015.
TSLA Shares on VacationsHello traders!
It looks like TSLA shares are on vacation because there is not a single sign of bulls nor it is interesting to think about Bulls. We will see a continuous downfall in TSLA's share price.
The price is reversed from 0.618 Fibonacci level and now it is aiming for -0.618% Level.
At 300 price TSLA will form an accumulation pattern that will slowly push the market up where traders can look for the buys.
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#BTC triangle updatejust a quick update on the previously posted idea
My spot bags have been filled nicely & we have seen good follow from BTC
all looks good for now, I am gonna risk a long if we get filled at support
Spot bags I still have SL in profit at 31k
imo if we touch 30k again we won't stop there
EURUSD BULLISH REVERSAL @1.20925Hello! First and foremost please trade with caution! Do not risk more than 10% of your portfolio! EURUSD will wipe out 15M liquidity by about 10 pips. It will then reverse back up and take out the high. DXY is heavily bearish hence EURUSD is heavily bullish regardless of the short term. Have a blessed day!
BTC: New daily low reveals itself. Are the bulls back?Bitcoin has not recorded a low point on the daily chart since early September 2020. To give you an idea on how big this is last time we saw the price rise $55577 (600%) over 228 days. There are a few things to consider before you put on an epic 25x leverage trade... This new low has not reached its lowest point and BTC is still in a down trend. So how do we find the low point? One of my favourite tools for finding bottoms and tops is John Ehlers early onset trend indicator.
Example of Early Onset Trend:
Let's take a look at September 2020, the last time BTC hit a market low on the daily charts. From the time the indicator bottomed out it took 5 days to create this low and confirm an uptrend. To make this low bitcoin dumped aprox $2000 (17%) over 2 days. This was a very clean pullback and saw BTC fly out the gates.
Previous to this was March 2020, a scenario much more similar to our current conditions. BTC dumped down hard (172%) and took 25 days in total to create this low point. During this time there was a fakeout 10 days into the "low". Using another indicator such as the awesome oscillator, a margin trader can avoid getting "rekt" by entering a trade after the up trend is confirmed. Entering a trade from an indicator such as this is not recommended as the chances are you will be entering at a "high" just before a dip so another indicator such as the Stochastic RSi is needed to get a perfect entry. Waiting for the Stochastic to bottom out will result in a trade that will see very little red and jump straight into profits.
Example of how I enter trade:
There are 2 price targets to watch out for and both happen to be major support lines. 43k and 30k. Either of these could be our next bottom. If you are a "hodler" then either of these points is a great place to buy in but if you plan to margin trade make sure you wait confirmation before placing that epic trade.
Is Lowes Signaling An Overall Market Decline?Lowe's triggered my early-warning price reversal algorithm. The full accuracy when this occurs is detailed in the article at my website below. The RSI algorithm determines overbought and oversold levels. The algorithm signaled a SELL on April 6, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. This is interesting if the signal is accurate. We are heading into the summer months which would ultimately be profitable for the company. The stock could be in for another short-lived cool off which is most likely the case here. Most of my algorithms may point to a reversal but that reversal ends up reversing usually within 50 trading bars. While the current signal ultimately has the stock dropping, it could gain slightly first. Once the drop has occurred, there is no doubt Lowe's will be primed to retrace this drop.
I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the Daily chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance.
The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom.
The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement.
As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play).
All statistics and the full analysis are available for free as always at the site below.
LL - Bull flag on weeklyChicago lumber futures were trading around $950 per thousand board in March, buoyed by robust real estate markets and expectations of a swifter economic rebound fueled by massive government spending and vaccine rollouts. Covid is also causing lumber shortage and shipping problems. LL has a nice bull flag on the weekly, look for break above $26.5.