GME - Break-out and Back-testGME - a recent break-out/back-test, Bullish MA cross on the 4-hour, VWAP and volume support are all getting me more bullish on GME.
With high volume support at this price range from last spring and early summer, looking for a rise in price heading into late Feb and early March of 2023.
Adding to shares and going long Mar 17 calls with a $25 strike.
NFA!
NFA
Did Someone Say SUPPORT ZONE!?!Amazon is currently at support and there is a higher probability price moves up from here...
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Every day the charts provide new information. You have to adjust or get REKT.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
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LINK MAJOR ACCUMULATION HAPPENING!LINK has been in a major accumulation zone since May 2022. The range is currently between $5-$9. Once this range is broken with a bullish continuation PA we can say goodbye to these levels. I believe most of 2023 we will play around with the highs of these levels if we do manage to breakout but this is clearly institutions loading up their bags and waiting for the market to move up. If we break below, this will be an absolute massive resistance to try and break through. The volume at this level is huge. Let us see how the next few months play out.
Love it or hate it, hit that thumbs up and share your thoughts below!
Every day the charts provide new information. You have to adjust or get REKT.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
This is not financial advice. This is for educational purposes only.
RISKY Cordano Short IdeaMarket shows a lot of strength, but I feel like there is a lack of volume. BTC seems strong, but the DXY is at a support.
Entry is marked in the square.
There are two options for stop loss, depending for individual risk management and leverage.
TPs are marked.
Not financial advice.
GBPUSD dip to gap fill then bounceOANDA:GBPUSD will dip back down to fill in some PA and Volume gaps.
With an anchored VWAP from September 13 NY session open with a big dump starting a long downtrend, PA is ranging between the standard deviations of the long term VWAP.
Above the current VWAP, it opened the week with a large gap up from last week's close, which it will go fill on its way back to the VWAP and on down to fill a volume gap seen in a (up/down) volume profile over the same period.
After running through the volume gap in a downtrend continuation, shorts reacted sharply twice with price returned to that zone.
After it broke up through the gap zone quickly, it returned once and longs sharply pulled it up.
I speculate a move back down to the VWAP-1stddev support and the volume gap before Sterling finally begins recovering from his bender before the morning after.
(Note: I do smell a little hopium odor from the shorters next door.)
MMM capitulation almost here?!Similar to the SPX/ ES1 and Disney charts (among others), we seem to be on the verge of the scariest but best time to buy. Whether it's a bull-spring (fakeout) or an extended structure below the critical support of ~$124.7, looking left so-to-speak indicates that decades from now we will see these next few months as one of the best times to invest reasonable amounts into fundamentally strong investments. nfa dyor
$GMT RISING WEDGE (D)Another Rising Wedge pattern.
IMO i think if it break out of the wedge i will short and have a tight stop loss. With the BEAR MARKET i think GMT can go down but no clue high low. Rather risk a small loss to be able to capture a bigger move than sit on the sideline.... happened to me on WAVES at its peak so lets just see how it plays out
NON FINANCIAL ADVICE - journaling your trades
QoverQ
This will likely happen in my opinionRead how I feel about this in my other posts. I’d say we’ve got about 1-2 years left of the fight, if not longer. Don’t gamble on weeklies, however I am not saying don’t buy contracts. Huge misconception, calls can gamma ramp, but also drop the stock heavy when they expire worthless.
We need another gamma ramp for the next huge moon, that’s my full opinion after everything I know. I seriously don’t think the next “squeeze” will even happen unless we have a gamma ramp. We’ve gotta ramp into the squeeze on this.
Everyone keep thinking it’ll come out of no where. No tf it wont? Did the first one ever “come out of no where” no.. no it absolutely did not. Leading up to the first squeeze we were having green weeks for months. Then for DAYSSSS GameStop get getting squeezy in after hours and premarket trading.
Again.. this isn’t financial advice for anyone. This is what I’m observing and the decisions I would personally game.
CantStop. WontStop. GameStop
Compound Long - triangle breakout setupAs we can see COMP has been in a bear market since mid may 2021. Having reached a support zone always respecting the major weekly trendline we could se a pump and consequent break of the triangule structure. RSI and MFI at low levels showing possible reversal of the bearish pressure. Yellow zone marked on the graph is a possible Fib retracement zone
The project itself is base on De-Fi lending protocols and has a relatively great lending and repayment volume, that a plus for this trade. Also considering the imminent pump on BTC every alt coin tends to pump afterwards so this could be a great zone to enter in.
I will DCA between 112-91 and take profits at 227-253
𝗡𝗢𝗧 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗔𝗗𝗩𝗜𝗦𝗘
ADA Daily 1ADA is looking very bullish on the daily.
1. Pressure in top yellow indicator has printed, although weak at the moment. (not a direction indicator) Need to confirm possible direction using other indicators.
2. Trend Exhaustion is increasing with more room to the upside
3. Money Flow is increasing sharply which is in sync with the exhaustion
3. RSI, Stoch and MACD is bullish
4. Might see a break above the 50 MA
5. Overall good momentum currently
Have a nice day and kindly like the content if appreciated. Thanks
NFA
BTC - 4H (BIAS- BEARISH) 21.12.20BTC failed to create HL(higher low) as I mentioned on my previous post. Instead created a key support at 46k area. However at current price action BTC is creating descending triangle which is considered as bearish pattern but break above the pattern is also possible. To confirm the move a breakout is a must.
NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.
ETH - 4H(BIAS: SIDEWAYS)21.12.16As advised from my previous post, confirmation is necessary to confirm the bearish trend of ETH specifically if it will respect the 3853 area(support turned resistance). Patience is the key! We can see on the current price action that we had a bear trap and evidence of price failure to break below 3669 area(with arrows). This opens up a possibility of price bounce up to 4784 area to confirm this move we must wait price to create HL(higher Low. This would be also the ideal long entry for short term trade. My overall sentiment is still sideways unless we see a clear break out on major key levels.
NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.
BTC - 4H (BIAS- BEARISH) 21.12.16As mention on my post last 21.12.14 Since we observed bearish depletion we might see BTC price bounce up to 52030 area. If you also check the area with arrows we can see the evidence of price failure to break below 46241 area. We can confirm this move once it created HL(Higher low). This would be also ideal long entry for short term trade, conservative TP would be lower than 52K area. As price might respect the 52030 resistance and continue its overall sentiment which is bearish (You can also short entry here).
NOTE: I am not financial advisor. This is all based on my opinion, price might still go the other way, it is always better to manage your risk first before entering a trade.
ETH - 4H(BIAS: 60%short - 40%confirmation) 21.12.14We see price broke out below 3853.07 but confirmation is still necessary. If we see price respecting Support turned resistance(the area with arrows) with wick rejections then we can confirm bearish sentiment.
Note: Always wait for the market to create LH - LL(Bearish) and HL-HH(Bullish) to confirm the market trend.