TRACUSD Fibonacci Extension TargetsTRACUSD or Origintrail has topped out 3 times in a row at the 4.236 Fibonacci extension.
Assuming the bottom is in at $0.185, the next target will be around $14.35.
The TRACBTC pair also looks bullish with what looks like a variation of a cup and handle
forming amongst some other patterns. Will post that chart soon.
Pricetarget
Contrarian Call Right Here. Optimal Bullish EntryThis is a typical bullish Wolve Wave that is on the final leg down currently. Expecting whipsaw reversal starting as soon as tomorrow, but main bullish price action will be around June 15 on the full moon (literally howl at the moon).
Expecting the yellow trajectory to play out and complete EW wave (5) around 430. The chart contains all the info you need to know, but there are a lot more dynamics at play here, mathematically/statistically, that have led me to feel highly confident about this.
- initial target is around 421-422, from there will retest ~415 and then make our way to 429-430
- the goal target is 448 by end of June ...and this makes sense with the confluence of wolve wave 1-4 projection and the ADX breakout "open long" target (stop loss 394)
- that DMI is low key bullish af, this is re-accumulation off the May 20 lows in 380s; stochastic RSI oversold and will give the escape velocity needed to reverse here and make explosive move to the upside
I'm playing the SPY June 17 411.00 calls and the June 27 429.00 calls, but this is not financial advice.
I am fully expecting the price to follow this yellow trajectory, so when you replay the bars at the end of June they'll perfectly coincide with this path, hah.
No Cap,
Prof. Lupin
Wizard Setup. Target 441DDS is more volatile than GME, TSLA, any name you can think of. Here is an opportunity to leverage this volatility for massive gains in a short time period:
- just broke out and has another gap to fill above at 370
- the DMI suggests major accumulation following the pullback from all time high and the indicator "ADX Breakout" calculates the target based on DMI dynamics and previous average range over a period. Target is 441, stop loss 275
- stochastic RSI is identical to right before last pop at the end of 2021 and this pattern is characteristic of a short squeeze (and there is indication shorts have already started to cover); short data posted below:
short percent float: 15.21%
short interest ratio (days to cover): 6.2
short% increase/decrease: -13%
I like the June 17 370 calls and the July 15 390 calls. Not financial advice.
Best,
Tommy (rewards member)
Pick up that COIN when it hits da floorWhen a coin drops it is merely instinctual to pick it right up, thats money we're talking about, can't leave it on the floor...
Using a term I coined, harmonic wolfekraft, I have obtained the following scenario for COIN.
Summary
- Look for a bounce around 135 this week (4/18-4/20 range most likely). The bounce zone is 130-140. If it drops below that we might have a bigger problem on our hands and it could drop as low as 92. More likely to bounce in zone though.
- Initial target of 166 by around 4/25 (before the Apr 29 expiry)
- Intermediate target of 227 -240 by mid-June (the 227 is actually possible by 6/2 )
- Max Target by 6/24 is 350s - this is theoretically possible, but not statistically plausible... the time-series adj. target by 6/24 is 288.
Explaination :
- The bigger picture is that COIN is working toward completing a larger bearish harmonic, with the X at its ATH right after its IPO, the C is TBD but I used logic from the nested smaller harmonics within, levels from wolfe waves, proprietary control charts, and MMM by how options are currently priced to determine a bounce zone/bottom likely in the 130-140 range (worth watching closely this week).
- Within the AB of the larger developing harmonic, COIN completed a nested bearish Crab within a bearish deep crab back on 5/12/'21 - 11/9/'21. From there it started downside to the larger C.
- There is a new nested bearish harmonic development that aligns with a bottoming around 135. A bounce from around 135 would setup for a potential completion of a nested Bearish A Butterfly within a slightly larger Bearish A Butterfly, and interestingly, their D would form right at the intermediate targets I am getting using wolfe-wave EPA-ETA off the 1-4 resistance. These same levels are also showing up as critical levels in a stability monitoring algo I created using control charts and robust rando cut forest. Essentially, below 135 in a weeks time would make COINs level a statistical outlier with over 90% probability of explosive bounce.
- looking at the MMM for Apr 22 the range is 135 -160 which aligns with bounce zone and point bounce level. The MMM for Apr 29 is priced for 130-165 - the initial target/time to target I am getting from using the minor wolfe wave (blue) in chart is 166. I do love this setup. Note the relatively huge wolfe wave buy signal that just occured (bottom panel (wws)); at smaller time frames (5-15 min), there are trace buy signals starting to show up which indicates bounce is near.
- finally, the intermediate targets using the major wolfe wave 1-4 projection (grey in chart) are, indeed, statistically plausible: fitting a time series model to COIN, an optimal selection is ARIMA(2,1,2) w/ p = 0.42. The upper 80-95% Prediction Interval on 6/2 (223-263) spans the intermediate target range of 227-240. The adjusted target by 6/24 of 288 is the 95% PI.. although such a move would be kinda crazy, it could occur in a scenario where BTC explodes and COIN follows and runs to meet its 1-4 projection prior to ETA (not impossible, but not expected TBH).
I am expecting a bounce to initial target and then a continuation on that momentum to the intermediate target range and am considering the following play (FOR THE CURIOUS, OBVIOUSLY NOT FINANCIAL ADVICE):
COIN May 13 160 calls IF it bounces at or before 135 this week
COIN June 17 185 calls IF it bounces at or before 135 this week
Bless you all,
The Alpinist
Vroom, Inc. (VRM) at all time low ahead of earningsIf you thought cryptos are volatile and you can lose all your money, look at VRM Vroom.
52 Week Range 1.85 - 48.80.
Blackrock`s average entry: $41.
Bank of America price target: $30.
Year over year growth: 130.3%
And the stock is trading at 2usd, yesterday hitting all time low.
Few months ago Vroom bought the Auto Lender UACC For $300Mil and now the total market cap of VRM is 276Mil!
I know institutions are trying to average down as much as they can, but there isn`t anyone there to buy this company?
P/B of only 0.28!!
P/B ratio of less than 1 means that the stock is trading at less than its book value, it`s way undervalued!
I have a Strong Buy rating for this one, and a price target of $8.10 by the end of May (after the earnings), hopefully they`ll keep the strong growth and reduce the aberrant margins.
ROKU small drop then big pop - using harmonics and wolfekraftLook for a drop to around 104 (102-107 range = bounce zone) to start next week, followed by a pre-earnings run to 130s, then earnings pop/continuation to low 160s. After that it will be time to get short for a drop back to 120s-130s (will revisit and adjust for precise levels along the way and send updates).
Logic :
- My model for overall market (in sync with crypto) is for a small decline early next week- SPY 432 - and then upside through April 29-May 11 - SPY 450-455... after this expecting final leg down of bottoming structure (~ SPY 400-415 by late summer/early fall) to complete bottoming structure prior to starting a bullish impulse wave to new highs into 2023. The math for ROKU aligns with this direction and timeline, and so do a lot of other names!!
- Correlation to NFLX has been a thing for ROKU in the past - my model for NFLX expects Bullish Earnings price action (earnings this week)... pop and continuation to 400s by early May followed by drop back to 350ish. This schedule indicates ROKU will bottom (locally) prior to NFLX earnings release and then begin its own pre-earnings run up.
Chart :
- Completed Bullish Navarro 200 harmonic March 15th at the 98 level. The " enter long " for the start of retracement to 272 (pt1, expect by 2023), 500 (pt2, later...), 732 (pt3, like 3-5 years probably) is sustained run above 137
- Post-Navaro ROKU completed a Bearish Shark (semi-major) Harmonic and hit pt1, pt2 is 104
- I am noticing a larger (major) Bearish Harmonic* forming that will complete C near the 104 level, and would complete with a run to D = 161-168 {(*) could be any of the following: Max Gartley (most likely), Max Bat, Leonardo}
- Also noticing a (minor) Bullish Harmonic** forming in conjunction with (*) - (**) would complete D around 104 and have a 1.618 retracement to 161 and is likely a harmonic known as a TOTAL 1
- There was a bearish wolfe wave end of march with 1-4 projection/support still needing to be hit to complete downside move. This aligns with the 104 level early this coming week (4/18-4/20)
- There was a bullish wolfe wave that broke out of channel end of last week and will need to re-test top of channel before running to 1-4 projection/resistance... guess were the top of channel retest level is... hello 104 (again). Note that options are priced for move to 103-121 next week, 104 makes sense in alignment with chart structure.
Prediction: :
- Based on the above info, if ROKU bounces around 104 early next week my max initial target going into earnings is 139 in the right conditions (i.e. NFLX gets big earnings pop, market starts bullish run into May) - 139 would means 1-4 wolfe projection/resistance is hit by around Apr 25-27th , ROKU earnings is Apr 28. If this happens that would trigger enter long (above 137) on the retracement for major Bullish Navarro 200. A more conservative initial target is mid 120s going into earnings, this would save some room to continue to 1-4 projection post-earnings.
- Target by May 10 is 161
- Expectation after target is drop from 161 to test the 137 entry level. This drop would be in sync with expected market bottom. Depending on when Market bottom and where, ROKU could drop further than 137 in accordance with (*).
THIS IS NOT FINANCIAL ADVICE, but if you're curious how I am playing this:
- looking to enter Apr 29 120.00 calls and May 13 130.00 calls IF ROKU bounces from 104ish early next week. Would take profits on the Apr 29s before the earnings release if my prediction materializes, and let the May 13s ride to target.
Bless you all, let me know your thoughts.
An Intricate BlockA lot of bullishness unfolding here so I will start with the targets and break it down how I got them and why I am so bullish on SQ.
*Initial Target = 138 ; time to target TBD, what I'm looking for is 3 consequtive green candles at the 2 hour level (estimating time to target occurring before the end of April)
**Intermediate Target = 157 by 5/4/2022 - I will explain below
Goal Target is above 166 , but will return to this after the first 2 pts are hit (I can say time to target is after May 4th)
Explaination:
- my analysis displayed begins after the gap on last earnings, notice the 5-count down to fill gap that immediately led into a harmonic resulting in a leading diagonal with wave 1 at 100% retracement of AD... the 5th wave made it to 2.618
- the corrective wave off (5) was a wolfe wave which led into a Butterfly which is yet to materialize... however, the green circle starting April 12th is a Butterfly Fractal - you'll see this if you look at the chart at 5 or 15 minute intervals... I am expecting the next leg up to begin any day now coming off this setup
* Initial target is a 0.618 AD from the "primary" butterfly and a 1.618 from the "secondary" butterfly fractal. In between the current price and the initial pt (138) there is a gap to fill around 134 - this will be a 1.272 AD off the secondary/fractal butterfly (again, not shown but you can find it at the lower intervals). A gap and continue to initial target will set up to continue to intermediate target.
** Intermediate target of 157 is 1.272 AD of primary butterfly (shown). Using the blue trendline from the 1-4 wolfe wave resistance I obtained time to target as the intersection of the 1.272 AD and the 1-4 Wolfe line.. this falls on May 4th but could occur sooner in the right conditions.
I'll revisit this soon but I'm seeing very bullish signals in SQ. Side Note: the yellow trendlines are just longer term trendlines from a while back, left them on there in case they can explain any hold ups or critical levels in price action, probably not important.
Not Financial Advice.
The target of ETH price correction has been reached (Short-term)The target of ETH price correction has been reached (Short-term)
COINBASE:ETHUSD
COINBASE:BTCUSD
From a technical analysis, the target of ETH price correction has been reached (Short-term).
Critical Pressure: 3550 USD
Critical neckline: 3410 USD (M head)
First target price of bears: 3290 USD (Correction)
Second target price of bears: 3170 USD (Correction)
First target price of bulls: 3930 USD (If price can break up 3550 USD)
--------------------------
Analyst of cryptocurrency Yu-Shiuan Chen (CryptoQuant & Tradingview Taiwan)
McDonalds - MCD• Nice upside of the MCD in the last weeks.
• It looks like a flag formation beginning April at the 61.8% Fibonacci Retracement
• The gap before the flag formation showed a nice support at USD 242.95/244.77
• 50 MA is turning positive and will cross the 200 MA soon if the upside is continuing
• Outbreak of the flag formation was with higher volume which is supportive for the continuation
• Price target at around USD 280
• Let’s see if the price can break through the resistance of the 100 MA and the 76.4% Fibonacci Retracement in the next days
Geberit - GEBN• Triangle formation with a decreasing volume to the end of the formation
• Negative outbreak in the last trading session
• Outbreak not supported by higher volume, which is a weak signal for the outbreak
• MACD continuation looks weaker for the next trading sessions, which could support the outbreak
• The next trading sessions will show if the outbreak will be confirmed
• Price Target appr. at CHF 495
Same song and dance, nothing changedHate to keep doing this on every non-eventful day, but just an update from my last post:
Nothing changed, still bullish with 50240 target, stop loss 41000. I laid out the 2 most likely scenarios last week and scenario 1 playing out exactly as expected - finding support at the range breakout level (also has EMA 34,55 support here); stochastic overdone.
Expect bounce from here to test the longer term trendline resistance (old support) around 46k-48k, a break above that will send it to target.
Obviously if this current level does not hold and it falls below 41k it’s a “close long”.. obviously not financial advice. Have fun, quit getting so excited we in a nap zone. Love ya.
AMD: Is it a buy right now? Let's see what the charts say.Hello traders and investors! Let’s see how AMD is looking today!
First, in the 1h chart, it is doing a good bullish reaction. It seems we have a Rounded-Bottom after a massive sell-off, and this indicates that the bears are starting to get exhausted, and it is trading at discounted levels.
To me, AMD could hit the $ 124 again, however, I’ll set a target at $ 118.60 (the gap area, as evidenced by the yellow square), if it breaks the $ 110.57, and trades above it for a while, consolidating a reversal.
Trading above the $ 110 would be interesting because the market may see the last bullish leg just as a retest of the 21 ema to drop more again, aka Dead Cat Bounce.
What’s more, by breaking the $ 110 it has decent chances of breaking the 21 ema as well.
In the daily chart, we see that AMD is dancing around the 61.8% Fibonacci’s Retracement, and if it closes above it in the next few days, I’ll see it as a sign of strength. The 61.8% retracement is at $ 110 as well, reinforcing our thesis that this is the most important price level to break.
We can see the Gap in the daily chart too, and this is why I think it is a relevant target to work with.
I’ll keep you guys updated on AMD, so remember to follow me to keep in touch with my daily analyses!
Amplitude might be getting ready to breakout. Hello Friends!
Amplitude has declined by 70% from it’s highs. Back in February analyst had a price target of $40 and $60 for 2022. Currently is consolidating and a breakout can have its eye on two price targets.
Target#1: $27.50
Target #2: $33.00
After $33 a gap fill opportunity to $40 might be an option. But at this point, one step at a time.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Double Bottom Chart PatternCompany info
Wave Life Sciences Ltd., is a clinical-stage genetic medicine company that designs, optimises and produces novel stereopure oligonucleotides through PRISM. It is developing oligonucleotides target ribonucleic acid to reduce the expression of disease-promoting proteins or restore the production of functional proteins or modulate protein expression.
Both the WVE and AGTC in my other trade idea have the same sector. The main ETF for this sector is the Health Care Select Sector SPDR Fund. However, there is an issue. Both these stocks are near all-time lows while the ETF is near an all-time high. So, the stocks are lagging behind. So, if you are going to trade these stocks be wary that they are going against the general market trend and there could also be other reasons as to why these stocks are not following the market.
Double Bottom Analysis
Type:
Eve and Adam
Length between Valleys:
5 weeks
Volume Trend:
Larger on the left valley
Breakeven Failure Rate:
12%
Throwback Rate:
65%
Average Rise:
50%
Price Target:
3.66
Percentage Change:
51%
The double bottom analysis for this stock is the same as for AGTC. The length between the two valleys is within the ideal range at 5 weeks. Concerning volume , it is larger on the left side but not significantly. There does seem to be a downward trend of volume going from the left valley to the right valley. But this trend begins at the end of the left valley at the price spike that follows. The great thing about this patterns is, the stock is very close to their all-time lows. The left valley low was the all-time low. This means the stock has great upward potential. However, as stated above, the stock is not following the general market trend. Also, the stock has been on a downward trend since its inception. Regardless, the pattern is following all ideals even though the stock isn't. So, the pattern strengths are 3/5.
Double Bottom Chart PatternCompany info
Applied Genetic Technologies Corporation is a clinal stage biotechnology company that develops transformational genetic therapies for patients suffering from rare and debilitating diseases.
Sector analysis for AGTC
Both the AGTC and WVE in my other trade idea have the same sector. The main ETF for this sector is the Health Care Select Sector SPDR Fund. However, there is an issue. Both these stocks are near all-time lows while the ETF is near an all-time high. So, the stocks are lagging behind. So, if you are going to trade these stocks be wary that they are going against the general market trend and there could also be other reasons as to why these stocks are not following the market.
Double Bottom Analysis
Type:
Adam and Eve
Length between Valleys:
5 weeks
Volume Trend:
Larger on the left valley
Breakeven Failure Rate:
12%
Throwback Rate:
67%
Average Rise:
43%
Price Target:
3.79
Percentage Change:
111%
The length between the two valleys is within the ideal range at 5 weeks. Concerning volume, it is larger on the left side but not significantly. There does seem to be a downward trend of volume going from the left valley to the right valley. But this trend begins at the end of the left valley at the price spike that follows. The great thing about this patterns is, the stock is very close to their all-time lows. The left valley low was the all-time low. This means the stock has great upward potential. However, as stated above, the stock is not following the general market trend. Also, the stock has been on a downward trend since its inception. Regardless, the pattern is following all ideals even though the stock isn't. So, the pattern strengths are 3/5.
Double Bottom Chart PatternCompany info
Amazon.com, Inc. is a company that engages in the retail sale of consumer products and subscriptions internationally and North America. It sells merchandise and content purchased for resale from third-party sellers. The company also manufactures a range of electronic devices.
Sector analysis
The main ETF that tracks this sector is the Vanguard Consumer Discretionary ETF. Over the last four months, the ETF has been on a decline. Mainly led by inflation worries. AMZN has also been following a similar pattern. So, I would keep an eye on this ETF. If you see the ETF falling, you can expect AMZN to possibly follow suit.
Double Bottom Analysis
Type:
Eve and Adam
Length between Valleys:
5 weeks
Volume Trend:
None
Breakeven Failure Rate:
12%
Throwback Rate:
67%
Average Rise:
42%
Price Target:
3677.06
Percentage Change:
14%
The length between the two valleys is 5 weeks. This is ideal. As it means the strength of this double bottom could potentially be stronger. There isn’t a volume trend for AMZN between the two valleys. The volume seems to be higher on these two valleys compared to prior price movements but that’s it. Also, just like the stock above, AMZN is near its all-time high which could pose some issues concerning potential upward movement. However, this is a major blue-chip stock. This means two things. The positive is that the stock is are already near the confirmation line and has great volatility to break through and maybe reach the price target. The negative is that you will have to look out for any news concerning this stock to see if there is something that could lead to a throwback or a breakeven. Furthermore, as stated above, the stock has been on a decline along with the ETF, so there could be a rebound upward and this double bottom could be profitable, or the stock could rebound now and fall downwards after hitting the confirmation line that can act as a resistance level. So, I would pay attention to the ETF. Watch any news concerning Amazon and inflationary issues so gauge if the stock will break through the confirmation line and if this chart pattern will work. Henceforth I am giving this double bottom a pattern strength of 2/5
Bitcoin is getting left behind Gold and DXYHello Friends!
Going into the weekend, it can go either way.
On the bullish side, Bitcoin MUST take out $45K 1st. Then I see BTC moving up to test 2 levels ($48.5K and $53K).
On the bearish side, if Bitcoin FAILS $37.7K then I see potentially 3 downside targets ($34.4K,$32.9K, and $29.4K)
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.