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Relative Volatility Index (RVI)

BLNK - Blink making a bounceBLNK is set up for a bounce off of it's daily support line. Next areas of resistance are the kijun (red line) and the daily resistance trendline. On smaller timeframes, it looks like BLNK could pull back to the ~9.39 area. So I will set a limit order there and wait for a bounce. Another strategy could be scaling or ladder buys here. Always plan your own position size. This trade setup offers 5.21% downside, and 10.52% upside. For a R/R ratio of 2.02. Note that these numbers are based on an entry at 9.41. So buying in higher will change those variables slightly.
NASDAQ:BLNK
by SpektreSignal
KDP - Breaking out or breaking downKDP is oversold on the weekly chart in regards to indicators. The past 3 weeks/candles show us strong buying pressure at these levels indicated by the long wicks. VWAP has settled under the price as support, and Q4 is typically a strong sales quarter for soft drink manufacturers. Within the next week, the price action should break above the resistance trendline and present the opportunity for 6-8% profit. We will set a tight stop at 3.73% or 27.60.
NASDAQ:KDP
by SpektreSignal
HYLN - Falling knives can cut supportHYLN took a strong dip today which was further amplified by the broader market sell-off. Indicators have lowered are in oversold territory. Volatility is low at this level as conveyed by the RVI. Price action tested it's first level of major support and has so far reacted positively to it. An entry at the current level offers 3 target points with profit levels at 17,36, and 66% respectively. If a position were entered right now, the max drawdown could be 29% at support level 3 (S3). We would take a tighter stop area at 31.09 or 6.6%. If the price action breaks below S1, the price action is likely to retest S2, at which point re-entry would be possible. I will enter a long position at S1 and target the take profit area 1 or 2 for the near-term. I will enter at S1 and exit for a loss at 6.6 for R/R of 2.5 - 5.
HLong
by SpektreSignal
CVNA - No Capitulation For CarvanaCarvana has been on a wild run since it's lows of $30 in March. On the current chart, we can clearly see the uptrending channel that price action has been following until the price abruptly rallied and went through a distribution phase. This is the perfect time to "buy the dip" as they say. With our trendlines, we are filtering out the fast-paced rally. Indicators tell us the price is oversold and the price action is showing us that buyers have been jumping in at this level. As long as buyers continue to feel comfortable at this level and no negative news or quick drops of popular indexes take place, the volume should return and there should be the opportunity to make 15-25% from this trade. Maximum downside is 5.83%.
NYSE:CVNA
by SpektreSignal
3
Spot - Spotting That ReversalSpot recently slid 20% over the last week. Currently, the price is at an opportunistic level for a trade. Stochastic RSI has bottomed. However, the signal line has not risen above 20, which would indicate strong momentum. Currently, the momentum on the daily chart is indicated on the price action of the daily candle by the long wick which hit a low of 220. The RVI has dropped and tells us that most of the volatility (as measured by the indicator) has disappeared. If this price action continues and a reversal takes place, there is a potential upside of 10-20%. If the price action is unable to climb back up, we can set a stop loss at it's previous support at $224.
NYSE:SPOT
by SpektreSignal
1
EA - T.AEA has followed relatively the same path as many software and tech companies since the run up from March forming an ascending channel. Currently, the price action is testing the support of it's trend, if the support is able to hold and the channel confirms a continuation, the most likely price path is A. However, if support is unable to hold and the price breaks out of the channel, the most probable price paths are B and C. As we can see from our price ranges, the nearest support and resistance points offer ~6% on each side, and our further support and resistances offer ~14% on each side. That means, we have a rough R/R ratio of 1:1. Indicators suggest choppy price action, the Stochastic RSI passed over 20, but has since stalled out. While the RVI has a low volatility reading, there is still room to fall. On average, the volume has been falling off since June 20th. Because of these numbers, the best play here if entering now, would be an exit below the current channel support. However, if you wait to enter and the price action breaks to the downside, both Support levels would be better buying opportunities. If buying at support, breaks below support should be used as exits.
NASDAQ:EA
by SpektreSignal
ATVI - Has more legs than LolthIf you've been buying ATVI since my call at the beginning of the year at ~44-48, right now is a good time to add on to the position. They beat across the board on their earnings call, and the stock reacted negatively. It reached ~87.50 before bouncing off the trendline and reversing at ~79. Daily technicals show us an oversold Stochastic RSI, Volatility and momentum measured by the RVI is bouncing at 40 and turning back up. The MACD is indicating the price is oversold and in an uptrend. From a fundamental perspective, Activision Blizzard has an entire content cycle coming up and there's no reason to think they will not continue to impress on their earnings and grow. Their upcoming catalysts include new releases of Call Of Duty, World Of Warcraft, Diablo 4, and Overwatch 2. In addition, the new hardware cycle for console (Xbox/Playstation) will assist in driving sales for ATVI's new content. Also, it's worth noting that ATVI has had been able to penetrate the mobile gaming market with Call Of Duty mobile and still has plans to release a Diablo game for mobile. The mobile gaming market is important because it is forecasted to grow at a much quicker rate than the gaming over the next few years and many other publishers are lagging behind when it comes to capturing market share of the mobile gaming market.
NASDAQ:ATVI
by SpektreSignal
6
TESLA From a technical perspective, Tesla has room to run. On the daily chart, we see a clear bullflag pattern is emerging. The stochastic RSI is ticking up above 20, volatility is below 50, and the bullish cloud continues to expand indicating a continued uptrend and strong support. The 1 and 4 hour timeframes are overbought. However, there are divergences forming on the 5m and 15m and if the divergences continue over, the overbought 1 and 4 hr will diverge, further reinforcing the case for a break above the flag.
NASDAQ:TSLA
by SpektreSignal
Market Analysis - BTCOver the past week, the market cap dropped to a low of $212B, and over the past 24 hours has risen up to $222B. Dominance has continued to shrink and is at 66.65% down from 68%. The price of Bitcoin hit a low of 7,701 before rebounding to a high of 8,310. Currently, the price is at 8,250 **4-Hour Chart For Discord** On the 4-hour chart, we can see the price action was rejected below the short-term resistance area. Technical indicators are overbought, and the Kumo is bearish and growing in size, which indicates more short-term volatility and downside in the near future. In the short term, we could re-test the support zone before making another volatile move. **Daily Chart For Everyone** On the daily charts, we can see the price action continued to consolidate to the downside before testing the support zone at 7,700 and afterwards we saw the price action jump up to 8,300 before hitting resistance. The stochastic RSI indicates positive price action, but due to the nature of indicator leading price action, the bull crossover could still be a false positive. The RVI further indicates the risk baked into the price action, as the RVI shot up from it's low point (blue), the price action attempted to mirror the indicator, but the momentum was stopped short at the resistance. Because of this, the volatility has increased, but the price range has not, which points to a potential volatile move. **Weekly Chart For Discord** The weekly chart indicates a much more potential bullish environment than the smaller timeframes. Below the current price action range, we can see there is a strong zone of psychological support somewhat padding the large drop in the ichimoku Kumo (light blue) If the price is able to form strong support in the range it is currently within, we could see another run up towards the end of the year preceding the halving event. Further supporting the bullish environment are the technical indicators, the Stochastic RSI is forming a double-bottom (double-bottom usually have more momentum once they reverse) In addition, the RVI is at a much lower range, which tells us there is room for upward momentum. Lastly, we can see the Ichimoku kumo drastically shifts upward (green arrow), which begins on January 6th, and begins to even out on January 20th, which also corresponds with the halving date.
COINBASE:BTCUSD
by SpektreSignal