RIOT Short Term Rally on a low VIX?As I mentioned in the related VIX analysis where I called the VIX from $19.50 to $12 we went sub-$13 but with a fall in many non S&P500 stocks falling and not benefiting from this. Therefore the risk reward of my play is higher but I remain bullish over the short term but bearish on all risk on assets including crypto in the intermediate to long term.
I still predict Bitcoin to have a $70-$75k rally before the "big" late year correction, as well as RIOT having a $13-$14 rally that may go in unison with this.
I was stopped out this morning on my May 17th RIOT 10.50 calls, but reentered at $9.28-$9.35 on long 9.50 may 17th calls (along with more long UVIX calls as a hedge with the same expiration).
Risky
USDCAD Buy Idea, Bullish reversal?Strong bearish rally makes this reversal unlikely. However, the opportunity is still out there. There are several confluences that give me this idea.
1 - Many buyers in this region according to volume profile.
2 - Fib 32.8%, at this region of support.
3 - It is a former support level.
Price could still keep pushing down however, be aware of that.
Domi - risky token, but could be so earlyIt's time for all kinds of gaming tokens.
If a gaming chart looks good and the project seems to be solid, I am willing to put a small amount in play. I like to find them before they show up on big exchanges.
* Alpha testing footage of Domi looks great!
* The Domi-chart looks like Domi wan't to make a second move - could be so early.
* Looks like solid team
This is not a financial advice, it's just gambling with some risk/reward in mind.
Very risky play!!!
ALTO's Comprehensive Trajectories: AI-powered InsightsS taying informed is a key to making well-considered decisions. Today, I revisit ALTO, shedding light on its current state, potential scenarios, and the nuanced interplay of technical analytics.
A few weeks ago, I outlined why ALTO is considered a risky asset, and in a subsequent update, I signaled a near-term rally in the stock market, impacting ALTO's trajectory. Both perspectives remain relevant today.
A s we assess the broader market, stocks may either sustain the rally briefly or consolidate around current levels. The clarity lies in the immediate market reaction next Monday, November 20. A continuation signals further upside, while a bearish pullback indicates consolidation. Even in the case of a dump, the potential for subsequent continuation exists, but it prompts consideration of safer target prices.
ALTO 's appeal lies in its allure to traders seeking risk and potential profit. In the event of a continued rally, investors may find the courage to engage with this high-risk, high-reward asset. Conversely, if general stocks consolidate, sentiment could shift, prompting a move from ALTO to less risky stocks, casting a bearish shadow on ALTO.
T urning to technical analytics, our Deep Neural Network-based AI, employing Support Vector Machines, predicted a support level of around 1.85. This prediction held true as ALTO bounced from this level on November 20. This level might serve as the target for a potential short position, succeeding the current long position.
T he long position's target stands around 2.73, identified as a resistance level by our AI. In a sustained rally, this resistance could be breached, setting the stage for the next target price along the falling resistance on the purple line. As depicted in the chart, the timing of the rally significantly influences target price estimation. Rapid rallies elevate the probability of higher target prices, while extended consolidation brings them closer, possibly intersecting with the two resistances in August.
N avigating this landscape, it's crucial to recognize ALTO's risk profile. The 2.73 resistance is formidable, and a bearish event could trigger a retreat to the support level. Below the support, free fall becomes a possibility, underscoring the importance of placing a stop loss, at least below this level.
W hile near-term crash signs are not evident, it's essential to acknowledge ALTO's long-term bearish potential. Please note that this analysis serves educational purposes and is not financial advice.
Best regards,
Ely
usd, no doubt still strong.could we see correction coming?Could have a correction watch for 105.70 to hold or fail...
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snp a bounce before breaking down further?Just as mentioned about the trendline, once broken more downside to come.
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Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
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Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
✅EUR_CHF VERY RISKY LONG🚀
✅EUR_CHF is trading in a
Downtrend so I am bearish
Biased on the pair mid-term
But as the pair is retesting
The horizontal support at 0.952 I think
That we might see a local rebound
But as the trade is very risky
We ought to use low risk here
LONG🚀
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GBP-CHF Risky Short From Resistance! Sell!
Hello,Traders!
GBP-CHF went up sharply
But then it hit a horizontal
Resistance level of 1.1242
And we are already seeing
A bearish reaction so a
Local move down is
To be expected
Sell!
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EUR-JPY Risky Short! Sell!
Hello,Traders!
EUR-JPY is retesting a
Strong horizontal resistance
Level of 158.056 again
And despite the fact that
The setup seems kinda risky
I still think that it is a good idea
To go short with the low risk
Sell!
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