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Falling Wedge- BullishChinese stocks have been getting beat down for quite a while now ever since the last-minute blocking of the Ant Group IPO. A lot of negative investor sentiment around stocks such as BABA BIDU Tencent etc. fearing more regulation from the Chinese government. However, that being said, in my opinion- they are some of the only stocks in the market that are fairly, if not undervalued. Something that is quite hard to come by in a market that has thrown fundamentals out the window a long time ago. Will be watching BABA closely in the coming weeks, big falling wedge on its yearly chart in addition to nearing the oversold range on the RSI- will be looking for potential entries for some credit spreads and/or IC's as BABA has the tendency to trade sideways. Regardless, am bullish long-term. Just some FIB levels and RSI-based supply and demand zones to keep an eye on as well.
NYSE:BABALong
by jacobosiason7
Mask Network - Be Greedy Whilst Others Are Fearful Mask network is one of the newest coins to hit Coinbase. (showing KuCoin chart due to longer price history) Highly speculative play anticipating a reversal or short rally. Price has collapsed 96% which is very lucrative in my opinion. This coin has a rather high inflation rate but low total supply so with demand it should not be an issue. Something to watch for. My conservative target would be a test of the upper Bollinger Band around $21. Potential for massive returns in a relatively short timeframe. As I said, HIGHLY speculative but worth the risk for me. Not Financial Advice.
Long
by MitchMilli
2
Could do something interesting! 🧐Ok, AMC has many advanced breakouts, but the price is not confirming anything. Many stocks could do something good, but few are actually doing something interesting. AMC must break the 37.39 to trigger a good buy, aiming the 49.79, but I don’t think it is worth the risk. AMC is very oversold, but nothing here tells me it’ll go up again, not right now at least. We must check the 37.39 next week, and if it does a bullish candlestick in the 4h chart would be good too. For now, let’s wait. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:AMC
by UnknownUnicorn21312077
3
XRP Wearing A Parachute On The Daily Tempting The Bears XRP looking super bearish on the daily but I think it could be a quick wick down or a fake out. Price is nearing Strong support on the weekly. But could see a wick down to the 40 cent area. If you look on chart you will see the exact same setup is playing out that occurred around end of Jan 2021. BB tightened with a death cross looming on the daily moving averages, Stoch RSI oversold... Price action breaks out before death cross happens which does not stop it from occurring. When death cross occurs price consolidates until golden cross confirmed which brings a larger impulse right after. Will we see a similar outcome? The first move right before the moving average death crosses was over 200% in a few days. Will update post as trend progresses.. Not Financial Advice. Downside Risks Apply.
BITSTAMP:XRPUSD
by MitchMilli
Just doing what it should do! 😁Ok, NIO went down to close the gap as we expected it would, and now we have some interesting things going on! The price stopped at the support we mentioned yesterday, the 43.89, and it is bouncing back up, as usual. The 46.25 is a breakpoint, and it could hit the 50 if it triggers a buy. Since NIO is at support area, doing some interesting patterns, the potential loss is low, while the gain is pretty good. We are not that oversold yet in the 4H, but I think we are ok. Let’s watch NIO carefully, and wait for an opportunity! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:NIO
by UnknownUnicorn21312077
1
ES is due for a drop.So Es is due for a drop, maybe even a significant correction. But this is tough to call because markets only go up don’t cha’ know? Manipulation is tough to trade but I still take small bites of money on sells. And now think we are at a sell spot possibly. ES has been trading in parallel channel of yellow lines. Also this index is overbought on monthly, weekly and daily. Look back at past same such conditions and you see almost always selling off. So that is what i am to do somewhere between now and touch of top of yellow channel. Take a small bite of profit if it drops because today’s markets have so much of a lot of fuel. It’s got to drop big one f these days, and I will be ready for big drop. But I don’t think this is a setup to the big one. I appreciate everyone support and nice thoughts. Miss Bunny.
CME_MINI:ES1!Short
by UnknownUnicorn11430563
As another request, I'll analyze GTT!As requested by @Binuthi, I’ll take a look at GTT today! I see it dropping to close the gap at 2.53, then it might do a good movement. The RSI is oversold, but it can get more. In the 4h chart, GTT can hit the 20ma again, hen we’ll see what’s the deal. If it loses this point, the $ 2 is the next stop. But any good bullish pattern around this support zone can make GTT fly again to the 3.30, or even higher. If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
G
by UnknownUnicorn21312077
7
BTCUSDT 4H | Bitcoin market overview: $30,000 is downHello, dear subscribers! In the previous review, we looked at the downward movement of bitcoin price at the breakout of $35,000. Since then there was a fakeout above $38,000, the price was rising to $40,000. After that, a progressive downward movement began. At the moment we are at the global support zone of $30,000. MACD, RSI and OBV indicators are in the red zone. Buyers are hardly containing the bears onslaught, breakdown of this level does not promise anything good to the bulls, ahead will be $25,000, and then $20,000 per bitcoin. The RSI indicator shows that the price is strongly oversold, which means that instead of a sharp drop it may rebound above $30,000 or we may see a slow and exhausting slide of the bitcoin. Subscribe to the channel and stay tuned!
Short
by CatalystsFinance
ETH/USD - Wyckoff accumulation pattern, RSI-14 supportedHello, As we regularly visit the 'oversold area' on RSI-14, this suggest accumulation on the market. CME expiration date could suggest the the "spring area' in the pattern. CME expiration date is right after the launchpad of testnet of EIP-1559. The final 'London hardfork' with full EIP-1559 implementation stats 14. July, however right after testnet we will know if this implementation work properly... If it does, guys... (and ladies!) SKY IS THE LIMIT!!! Best, as always, Paweł ;-)
COINBASE:ETHUSD
by PawelHodurek
Is DE oversold? Yes!It looks like DE is extremely oversold, and this might be interesting. We have a divergence on the RSI in the 30min chart. It is not the best, but it is a start. We also have a rounded bottom idea, and only DE loses its bottom the trade will fail. Small stop-loss, high reward. The RSI in the 4h chart is extremely oversold as well, and DE went outside the BB for a moment, and now it is closing inside them again. All of this is occurring near a support area at 331. It is a very risky “buy the dip” kind of trade, but DE can bounce back to the 350, and this makes a good risk-reward for me. Always remember, it is oversold, but this doesn't mean it can't drop more, so, always protect yourself, and use tight stop-losses! If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NYSE:DE
by UnknownUnicorn21312077