Priceprediction
More correction is possible for NIO More correction is possible for NIO
NIO Price Chart shows a triple top bearish formation with the neckline broken on Feb 18, 2021. It is possible for this stock price to drop further to a price target of $47. An earnings report is coming up on March 1, 2021. Therefore, the market may change conditions and the bulls may regain control of this stock. If the bulls fail to regain control, a further correction is possible.
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Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
More correction is possible for TSLAMore correction is possible for TSLA
TSLA Price Bar Chart is still bearish. It is possible for this stock price to drop further to a price target of $680. -DMI is still very strong and ADX is still rising.
Thank you for reading!
Greenfield
Disclosure: I am not a financial advisor. This is not a recommendation, not a representation, and not a solicitation. You should do your own research and come to your own decision. Investment involves significant risks. You need to understand that you may lose your money. Past performance is not an indication of future performance. Chart reading is subjective information.
ZIL breakout expected Wed, 24-Feb. I believe the .1655USD line of resistance will hold forcing ZIL into tightening wedge. I expect it will have to decide on wednesday what to do. Based on all the bullish signals, I'd have to go with a break up forming a new line of consolidation just under .18 USD. Thoughts?
DOGE BREAKOUT INCOMING?! Is it a Bull flag or a Dead Cat Bounce?There are 2 scenarios for Dogecoin right now, either we are seeing a dead cat bounce or a massive pump is imminent. I am going with the more bullish scenario. Dogecoin looks to have been accumulating in a huge bull flag this month. We had a clear breakout from the channel and attempt at 0.065 cents, but we are now accumulating once more as a retest of the trending resistance level. If the pump happens it will be in the next several hours or at most the next couple days.
ZIL to .145usd by Saturday, 19-Feb looks solidCan ZIL hit .145USD tomorrow (sat, 19-feb) and stay above. hope so! this would be a good support level for testing ATH next week. Looks very possible. Thoughts?
How to trade stocks with call and put options?How to trade stocks with call and put options?
Why one may consider options trading?
One may consider options trading to generate income, to hedge his or her portfolio, and to speculate the next price move.
What is a call option?
A call option allows the option buyer the right, but not the obligation to buy a security at a predetermined price within a specific time period.
What is a put option?
A put option allows the option buyer the right, but not the obligation to sell or sell short the specific security at a predetermined price within a specific time period.
Why options trading involves substantial risks?
Options are financial contracts with a predetermined expiration date. Options have a time decay factor. At the expiration date, option holders have to make a decision. Options holders may exercise the options if the options are in-the-money, to sell the options at the market values, or faced a capital loss if the option is out-of-the-money or may be completely worthless.
How to read the option quote? Just an example.
1 Call XYZ March 17, 2021 140 Call $5
XYZ is the symbol for the underlying security.
March 17, 2021, is the expiration date.
$140 is the strike price. The strike price is the price at which the underlying security may be brought for call options. The strike price is the price at which the underlying may be sold for put options.
$5 is the premium. Premium is how much it will cost the trader to purchase the option.
One option equals 100 shares of the underlying security.
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Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only. The option quote in this article is not real. The option quote was just a makeup example.
ADA price prediction: Sat value, BTC pump and smart contractsI think ADA could be one of the big winners this bull market.
ADA is one of these projects that always had development on the first place, and marketing on the second. It's not hyped at all, and the technology is solid as a rock (read: scientifically proven).
But, once smart contracts are live from March 2021. We'll see massive marketing from parties like PWC, which is a partner of Cardano Foundation.
I've based my modest prediction on ADA reaching the same Satoshi value as previous ATH.
First, and I think it's low, $2,91 per ADA could be achieved if 9000 satoshi is on the table.
Second, a parabolic move of BTC to 6 figures could poor a lot of money into ADA at the end of the bull market; like seen in Jan 2018.
Third, we need to take into account Cardano is going to launch smart contracts in March which could make this amazing platform skyrocket is value; all depending of course on how many new projects are created, and how many existing projects move from Ethereum to Cardano.
Personally I think Cardano could reach $10,- or more in 2021, especially if the smart contracts become a success!
How to trade the major bearish trendline?How to trade the major bearish trendline?
The major bearish trendline consists of three corrective waves according to the Elliott wave principle. The three major corrective waves are labeled as Leg A, Leg B, and Leg C.
The common characteristics of Leg A
Leg A will form a top formation like a double top, a head and shoulder top pattern, or a triple top pattern.
The common characteristics of Leg B
The security price will trade in a narrow range during Leg B. Traders will accumulate the security at a low price and sell the security when the price reaches the previous major resistance price.
The common characteristics of Leg C
The price of the security will drop to a new low price, or the security will drop to the previous major support, or drop to the major bearish trendline. The major bearish trendline is an important line to draw. A trader should extend the major bearish trendline into the future.
Which side should a trader trade when a trader recognizes this is a bearish trendline formation trade?
A trader can improve his or her profitability by going with the trend. With a bearish trendline formation, a trader should be bearish. A trader should go short when the situation is right to go short. A trader should avoid going against the bearish trendline pattern because a trader doesn't want to be trap in a long position when the price starts falling more. Traders with a current long position need to make a tough decision to liquidate their position to avoid further price drop and further losses.
"Do not go in the opposite direction of the freeway!" Therefore, do not trade in the opposite direction of the trend!
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Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
The Laws of Supply and Demand Affects the Price MovementThe Laws of Supply and Demand Affects the Price Movement
1. When supply exceeds demand, the price is more likely to fall.
2. As the price is falling, supply will increase, and demand will decrease. As a result, the price will fall faster.
3. At valleys, demand is greater than supply; therefore, the price is more likely to increase.
4. At peaks, supply is greater than demand; therefore, price is more likely to fall.
5. As the price trends higher, demand is greater than supply; therefore, price is more likely to go higher.
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Greenfield
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Disclosure: Article written by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
Greenfield Price Forecast for Bitcoin / U.S. Dollar on 1/13/21A Price Forecast for Bitcoin / U.S. Dollar
Bitcoin / U.S. Dollar, with the symbol BTCUSD, formed a double bottom class II pattern on the 4h chart as of January 13, 2021. If Bitcoin continues to trade in the two parallel channel lines then, I continue to believe this will be the path to how Bitcoins will retest the previous high.
This price forecast is made based on the following concepts:
Channel Trading
Moving Average
Mean Reversion
Supply & Demand
Support & Resistance
Fib Lines
Trend Analysis
Wave Principles
However, if the price fails to continue in that two parallel channel lines then we are looking at Bitcoin / U.S. Dollar in the danger zone I marked, and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
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Greenfield
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Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
A Price Forecast for Bitcoin / U.S. Dollar A Price Forecast for Bitcoin / U.S. Dollar
Bitcoin / U.S. Dollar, with the symbol BTCUSD, formed an inverted head and shoulder pattern on January 12, 2021. If Bitcoin continues to trade in the two parallel channel lines then, I believe this will be the path to how Bitcoins will retest the previous high.
This price forecast is made based on the following concepts:
Channel Trading
Moving Average
Mean Reversion
Supply & Demand
Support & Resistance
Fib Lines
Trend Analysis
Wave Principles
However, if the price fails to continue in that two parallel channel lines then we are looking at Bitcoin/ U.S. Dollar trading in a narrow price range between 31414.91 and 35292.89 and possibly facing ahead more selling pressure. If that happens, this price prediction will be invalid and a new price prediction will be needed later.
Thank you for reading!
Greenfield
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Disclosure: Chart interpreted and article prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational material only.
A Bitcoin IdeaThank you for reading!
Greenfield
Remember to click "Like" and "Follow!"
Disclosure: Charts interpreted and articles prepared by Greenfield. A market idea by Greenfield Analysis LLC for educational purposes only. This is not a solicitation and 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 and investment is at your own risk.
EOS Shocking Buy Signal for $6 TA(+300% Profit)Like and subscribe😍
EOSUSDT is the 16th largest Altcoin according to Coinmarketcap, but yet EOSUSDT has been on a downtrend since 2018.
While most other major altcoins are having a good pump in 2021, EOSUSDT seems to be just sitting right there in a range, even after seeing some good volume increase there was no clear price movement.
But right now a strong buy signal is finally flashing on EOSUSDT, which show that the current $1.8 to $2 support could be the bulls kitchen where they are getting ready to explode to the upside this January.
Current pattern discovered on Daily chart : Rectangle Pattern
The rectangle pattern shows that price respects a clearly defined support and resistance,
it is a chart pattern formed when price is contained or bounded by support and resistance thereby forming a range or a consolidation zone.
But what does this rectangle pattern represents?
The rectangle pattern shows a clear indecision period between buyers and sellers, here the battles is a tough one as buyers and sellers take different turns to punch each other but yet not one of them has successfully beaten the other to it. This back and forth between buyers and sellers results in price testing the same support and resisitance countless times before breakout.
Considering this rectangle, for breakout to occur, Supply and Demand principle need to play out.
The wyckoff spring pattern is a good illustration of how this works out, it describes a similar situation that could work its way out on EOSUSDT, this is called the Spring.
I won't be going into full details to explain the Wyckoff strategy but here is a brief explanation of what to expect off this Spring currently about to play out on EOSUSDT.
The Structure and the supply-demand relationships expressed in price action, the waves and volume are what tell us about the likely next market move.
Not chart patterns.
A spring is a price move below the support level of a trading range that quickly reverses and moves back into the range.(you can call this a typical Bear trap)
this is because the drop below support appears to signal resumption of the downtrend but In reality, it's the opposite,
the drop only marks the end of the downtrend, thereby “trapping” the late sellers, or bears.
Remember that the extent of supply, or the strength of the sellers, can be judged by the depth of the price move to new lows and the relative level of volume on that penetration.
We could see this Stop loss hunt taking place in EOSUSDT before the Major run occur.
we could see strong buy buy by the bulls at the bottom below the rectangle.
If this spring plays out, EOSUSDT is likely to see a measured move to the upside with clear target of
First TA: $6 to $6.5. as first TA(Mid- Term)
Second TA: $18 (this is for long Term )