Patterns
MKR/USDT BITTREX ANALYSISVery basic TA here, examining the Maker/Tether pair on Bittrex, we have local support at $4583 and local resistance at $5080 so
now we will wait for confirmation to the downside or the upside. If it breaks the top trendline we can shoot for around $6k but if 4HR candle close below
support we can expect townfall to $4331 and then $3714. We do not enter here, we sit and wait and see what happens
Support: $4583/$4331/$3754
Resistance: $5080/$5210/$6000
Now we wait for confirmations
BTC/USDT ANALYSISToday we are doing simple analysis of BTC/USDT chart. We will not short or long in this situation, this is simple analysis to make better decision later.
We see BTC dipping further towards the $43k range which indicates a futher downslide is coming, however we do see a bullish cross on the 4HR MACD so if BTC makes a move upwards it will meet resistance
at around $51,131, if it pushes past this resistance and 4HR candle closes above $50,835 then we can enter long target $55k. If BTC continues to drop we will possibly see $42K, I believe it will make a slight move upward and
bounce off resistance and continue it's downward move towards $42k, would be decent short oppurtunity but let's wait for confirmation.
As you see we never take profit at exact resistance and exact support, we take profit slightly before to protect our funds.
Resistance: $50,835/$59,507
Support: $46,832/$42,301
We will sit, watch, and wait from here for any entries
Ethereum ETH DIAMOND top seems to be set!Dear traders,
Here is a quick new update for Ethereum on the 4 hour chart.
We see here a pattern not often seen, the diamond. Like the head and shoulder formations, this pattern has lower targets. It signals normally tops.
My previous analysis of Ethereum is still valid with the head-shoulder pattern but now we have a diamond formation and that strengthens my idea that the targets from the HS will come out even more!
Guys, now keep an eye on the red trend lines. If we break out to the downside, 2760 will quickly come into view. An upward breakout is less logical with this pattern, but everything is possible. Nothing is 100% sure but this pattern is a top pattern. If it fails then we see an agressive move upside. Keep that in mind!
Always confirm trades by a re-test of te trendline and volume to be more sure of false breakouts.
Traders, this is my personal view on Ethereum , No trading advice. Always do your own research before trading and at least use stops and money management to limit your risk.
If you guys appreciate my work it will be a motivation for me if julle give a thumbs up and follow me for updates.
I wish you all lots of profits and above all safe trading!
Weekly Trading Recap: NZDJPY, AUDCAD, GBPCHF May 01 2021Hello everyone:
Welcome back to this week’s trading recap video. Let's take a look at the trades enter this week.
I will explain my approach on the entry, SL, TP and management.
NZDJPY - running about +2%
Full analysis/forecast:
AUDCAD - running about +4%
Full analysis/forecast:
GBPCHF - running about +3.5%
Full analysis/forecast:
Any questions, comments or feedback please let me know. :)
Thank you
Jojo
MRNA & end of the bulls?MRNA has had a few wild weeks going up from $120 to $170.
I believe this could be the end of the bullishness and it may do a correction.
Why do I believe this could happen?
MRNA hit historic resistance of $170, after hitting that mark it began dropping. This resistance seems like it can hold.
RSI is bounced off the 70 mark on the daily chart.
RSI is overbought on the 4HR chart
EMA's are beginning to cross over on the hour charts.
This could be a tiny correction and just bounce off $160 before continuing its path to $200 so I would keep a close eye on the stock.
What I am looking for right now is:
1st support - $160
2nd support - $139_$145
3rd support - $120
At this point MRNA going back down to $100 or even lower seems incredibly unlikely.
Moderna's earnings arent too far away so that could act as a catalyzer that will continue the growth.
In short I believe that MRNA could have hit the resistance and it will either go down to the listed supports or if it stays in these levels then it will most likely stay like this till earnings come which will tell what direction it is going to go from here.
Please comment down your ideas and thoughts on this, I would appreciate any criticism you may have on the charts and analysis, and looking forward to your comments!
I am not a financial advisor, these are my personal ideas an thoughts please do your own research before buying a stock.
$RMO PT 30 and higherRomeo Power, Inc., an energy storage technology company, designs and manufactures lithium-ion battery modules and packs for commercial electric vehicles in North America. The company operates through two segments, Romeo Power North America and Joint Venture Support. It also offers battery management systems; and design, research and development, and other engineering related services. Romeo Power, Inc. was founded in 2014 and is headquartered in Vernon, California.
MRNA going back down to $120?As mentioned in my last analysis, Monday will be the deal-breaker for MRNA again, and it failed to hold that resistance.
Using historic data this will most likely drop down to $120 again before going back up to the $130s so this can be a great swing trade.
BUT! Watch out for support at $126, using the previous downward channel trend resistance this can act as support so watch out for that.
Reasons for bearishness:
-Historic data of the resistance and dip (influenced the most)
-EMA's crossing right now
-RSI was oversold
It's a clear bearish sign that probably won't last for long so look for a nice swing trade here.
(I am not a financial advisor)
GOOD VS BAD REJECTION PATTERNSHello Traders and welcome to out channel. GOOD VS BAD REJECTION PATTERNS. If u like this educational content please support it with a like so we can keep posting more content like this. If you have any additional questions let us know in the comments and we will provide you with the answer! SharkFx wish you a wonderfull weekend and successful trading week ahead!
$QS PT 64-70 and higher...Long Term InvestmentsQuantumScape Corporation, a development stage company, engages in the development and commercialization of solid-state lithium-metal batteries for electric vehicles and other applications. The company was founded in 2010 and is headquartered in San Jose, California.
QuantumScape Jumps on News Volkswagen Will Invest $100 Million
QuantumScape (QS) - Get Report shares soared Thursday, after the electric vehicle battery maker said it met conditions for Volkswagen (VWAGY) to invest another $100 million in it.
“The milestone required Volkswagen to successfully test the latest generation of QuantumScape’s solid-state lithium-metal cells in their labs in Germany,” QuantumScape said in a statement after the close on Wednesday.
“This will be the second and final closing under the May 14, 2020 stock purchase agreement between VW and QuantumScape that provided for a total $200 million investment," QuantumScape added.
QuantumScape recently traded at 50.94 It has skyrocketed 420% over the past year amid investor mania for all things electric vehicle-related.
"We are pleased to report that the QuantumScape cells met the technical milestones in our labs in Germany that we had previously agreed upon," said Frank Blome, head of the Volkswagen Group’s Center of Excellence Battery Cell.
"Achievement of this milestone is an important step for QuantumScape and we look forward to receiving and testing subsequent generations of cells, with the goal of getting solid-state technology into series production," Blome noted.
Last week, QuantumScape began a public offering of 13 million Class A common shares.
“QuantumScape intends to use the proceeds from the offering to build a larger QS-0 pre-pilot line than recently announced; to cover its full share of equity contributions to its joint venture with Volkswagen for the previously disclosed 20-gigawatt-hour expansion of QS-1 joint manufacturing facility;" and for working capital and general purposes.
On Feb. 17, the stock jolted higher after QuantumScape revealed a breakthrough in its battery technology and after billionaire George Soros’s investment firm disclosed a stake in the company.
$THBR Advent Technologies Inc. to combine with $AMCI AcquisitionAdvent Technologies Inc. to combine with $AMCI Acquisition Corp., creating a leading next generation Fuel Cell Technology Company
$THBR update: Combination with Thunder Bridge Acquisition II on Track to Close Early Spring 2021
Clears Hart-Scott-Rodino Transaction Hurdle
Company Sees Strengthening Autotech Demand and Sustainable Order Pattern
Reaffirms Strong Revenue Outlook for Above Market Growth
Current Industry Shortage of Automotive ICs Underscores Strategic Market Opportunity