20 year long term trend shows long term upward support. this is for illustrative purposes. There is no solid TA to support where it will bottom but an upward trend is the long term 10 year outlook would support.
Opinion
XRPUSD - waiting for price to go through 4H resistanceThis is my analysis for XRPUSD. I am a novice trader and I am open to advice.
Green - 4H timeframe
Orange - 1D timeframe
Daily support is located where I saw big moves from that timeframe. The support area is where the trend stops a little bit and decided to have a break. I will enter the trade when the price would go through trigger with either one big green candle or with two full green candles.
So what do you guys think? Opinions are welcome.
PLTR - General Strategy Discussion
To be clear, this is a chart for PLTR but the general conversation could apply to any swing trade. Also, I'm not looking for advice on my PLTR play, just curious to hear other peoples perspectives and strategies.
My double bottom PLTR play is looking like it could be heading in the right direction (still couldn't fall apart...). If the price hits the neckline, I'd be at a 30% gain. That's a damn good return for a few weeks in a swing play. BUT... if the neck line breaks and the W finishes... I could be looking anywhere from 60-70% gains.
What do you all do when you're in a situation where your play isn't finished, but you already have a very good return. Getting greedy can be dangerous... but sticking to your gut on a call isn't a bad thing either. Just looking for personal opinions and strategies (again not specific to PLTR or my play).
BTC short-term rising wedgeAlthough I should probably wait to publish this for a little more confirmation, I just wanted to point out the current short term rising wedge (blue lines).
I posted yesterday about some hidden bearish divergence on the 4 hour chart, but it looks like BTC just broke out of the first line of resistance (dotted white line) and is challenging the downward channel (red dashed lines) already. If bitcoin does manage to break out past 58-59K (which would then look like a break out of a bull flag), I think that then would be a very positive sign for BTC as well as all other ALTs. However, I also think there is also a good possibility that BTC will hit rise up to and hit stronger resistance near 57-57.5K at the top of the wedge.
Things however do look positive in the long term if this is indeed a bull flag, particularly if a breakout does occur, but this long without any slight pullback in the short term seems a little unhealthy, particularly in an ascending wedge. Hence I would anticipate some resistance up to around 57K if none happens before then.
I have also seen quite a few posts about some strong positive sentiment as well, so I am always open to an alternative view in the comments if you see otherwise or additionally if you see further validation downward that I am missing.
ENJIN Price Prediction (Need Expert Advice)Ok so I'm fairly new to understand indicators, pricing patterns and other such charting tools but I'd really love some expert advice and thoughts on a extreme beginners first attempt at a price prediction in a strange strategy and mix of polar opposite indicators that I believe could still provide an accurate outcome.
Ok so my prediction is sometime around 8:00 on Jan 19 the price for ENJIN will settle somewhere around 0.22280536
I came up with this by placing swing trading pattern indicators on my chart then seeing the difference between the pivots in highs and lows
With around . 02 to .05 movements on average,
Leading me to believe the recent spike in volume occuring in the 17th was FOMO buying resulting in ENJIN finding new support at 0.22404000 then bouncing through to the 19th settling right around the new support level at
0.22280536
The main way I came up with this prediction was making the trend line run along the swing average give or take and then using bill williams 3 lines to determine if the spike was going to be a constant up trend or a flash buy.
Anyone who knows what they're talking about I could use some advice or thoughts on this strategy and charting. (The fans just for me to weigh out P/L)
Why one cannot be completely bullish or completely bearish? Why one cannot be completely bullish or completely bearish?
The stock market consists of two major players. Some people are long traders they bet the stock price will go higher. They buy low and sell at a high price to make a profit. Some long traders buy the stock at a high price and sell at an even higher price. Some long traders look for bargain stocks.
Some other people bet the stock price will go lower. They are short-sellers. They don't own the stock initially, but they borrow the stocks from the stockbrokers and sell the stocks from a high price, then when the price drop they repurchase the stocks back at the lower price, return what they initially borrowed with interest back to the stockbrokers, and then profit the price difference.
We can interpret the security market as a continuous tug of war game between the long traders and short traders. Sometimes one side will win the game, and in that situation, the price will advance higher or lower. Sometimes one side will gain strength that means the price will speed up and advance faster. Sometimes one side will win, but then go in the opposite direction temporarily and that is a correction. Sometimes one side will win but will lose strength completely and reverse direction completely. Due to the rapid changes in the security market, one trader cannot be 100% bullish or 100% bearish.
Therefore, a market opinion may be "I am 70% bearish, and 30% bullish." That simply means that I am 70% confident that the price will go lower, but I reserve 30% market opinion that the price may hit a bottom and may reverse direction and go higher as the market story develops. When that happens, I am ready to liquidate my short position and willing to participate in the opposite direction or stay on the sideline.
Thank you for reading!
Greenfield
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Disclosure: Chart interpreted by Greenfield. Just a market opinion by Greenfield Analysis LLC for only educational purposes. This is not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment. Investment at your own risk.
SBUX Ready To PopSBUX has done well holding support at the 8 EMA consistently since mid November. Lower trend line still intact, price appears to be compressed into the apex of the triangle. Love the volume spikes with the spinning top on Friday. This is a tug o' war with buyers and sellers.
Odds are in buyers favor due to uptrend. Options market leans to the call side as 1/15/21 $105c shows more significant volume/OI. Eyes on this one!!!
Let me know your thoughts!!!
EURJPY | SWING - 27 Sep. 2020Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
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The euro needs to rise against the Japanese yen to the previous broken trend, to re-test and then head to the downside.
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Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
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The information given is not a Financial Advice.
BTCUSD Apple GBPUSD EURUSD XAUUSD AUDUSD
EURGBP NZDUSD USDCHF USDJPY
hindustan uniliverhello friends !! #my_view hul will go up as it has sustained over the trendline. Can go for long position till it touches any support or the upper trendline #learner
icici bankhello!! today icici bank's result was awesome but as the market is not moving with results as hul also did a breakdown after 7% up result and all others too going opposite to the market so prediction will be a bit difficult as with the result it looks like the opening will be around 385+ or 395 and if breaks the trendline and goes up then 439 can be seen but since everyone's move is opp. to the result so it can also open or breakdown to 365. #my_view let's see what will happen.
marico let's wait for the chart to break the trendline and it will give a breakout on any side. #my_opinion if breaks any side and sustain we can take a trade with a sl of trendline .
marutiMaruti is on the short covering so can go up a bit but let's see it's on a support if it breaks can be seen a breakdown, but if not then chances for upward and can breakout and give 8k. #my_opinion
daburlooks like dabur is in an uptrend, maybe will retrace a bit and then again on the upper side. let's see #my_opinion
sbi cardSBI Card is a stock which is in a very good uptrend and if it breaks this Lvl it will just rock. cant give much of targets as it has no previous levels but yeah looks good for long term as well as short-term . will retrace a bit for now to maybe around 768 or 745. a good level for buying. #my_opinion #learner
LUV before earningsSouthwest has continued to fly everday during this pandemic. On some flights carry less than 10 people at one time. Although the service has been limited the flights are starting to fill up slowly and surely and with the 737 max test flights starting again, that would bring a large portion of their fleet into service.
Retest on ERJERJ is retesting a trendline drawn from back in May. Price has broken down underneath and is now testing previous support levels.
ASX - Two Personal Loan Corps surge as Afterpay flatlinesFollowing the end of Australian government's benefits to reduce unemployment at some time in H2 2020, there will be higher unemployment and lower incomes overall.
The result of this is that the Australian public will use small loans to get by week to week especially when work availability becomes volatile. Certain types of businesses including those in the hospitality sector will close forcing casual workers to rely on Government unemployment benefits until meaningful employment can be found. Assuming that these benefits return to the levels seen pre COVID-19 (~ AUD$20 a day), many Australians will need flexible loans to maintain themselves.
Some of the loan providers making noise are:
ASX:Z1P
ASX:APT
ASX:OPY
I'll be closely watching these; especially ZIP Pay due to its recent venture into the United States, a country that will see these issues magnified due to the lower number of government benefits available.
American Airlines Supportprice has respected the levels near the bottom range of the current price. As we are continuing to test the support levels and create a more prominant bias and the market condition begin to strength one can look for a potential in holding AAL towards previous highs. Although the time range for this correction to occur could take weeks over time as the consumer confidence raises.
