Bottom of a rocket?Chart painting from the early 21st century, artist Maxi Scalibusa. No investment advice or a recommendation to buy or sell any securities. This is entertainment.
Start 1.17 USD
Rocket
Well, would you Pink Patty Me EYESLawdy Lawdy!!!! Today we will see..... Should I have bought some tickets for the ride or waited for some dip with the fellas at the bar?
TQQQ Big Move Up Likely - MFI+VOL+EWAVEA big move one way or the other looks to be in the making
The volume today on TQQQ was higher than it's been since 10/30
Looking at similar horizontal days of volume and correlating with MFI, only 3 days in recent history match and they all precede very large rises.
Note the intersection: Vertical Purple lines, MFI Low, and Volume High
EWAVE says we just did a very short ABC after a 5 part down.
Confirmation should come in the next few days.
QQQ dropping below 290 into prior 2008-2020 channel would invalidate and point to a 25+% correction
ADA 1st March - 3 possibilitiesfundamental analysis: I've heard there are updates coming on the 1st of march? this could indicate a rocket. but be skeptical, because you should buy on rumor and sell on news
technical analysis: 3 possibilities.
first possibility, it forms a symmetrical triangle and it breaks to a target as tall as the triangle's height. if it breaks higher over it's resistance (the all time high) we could sky rocket further.
second possibility, it forms a descending wedge when it breaks the support for the triangle, in this case sell once its confirmed and wait to re-buy lower because it generally is a bullish pattern .
third possibility, it breaks the triangle resistance but doesn't hit the target, forming an ascending wedge. be careful this is generally a bearish pattern , know when to take profits
personal trade: i bought at .90ish? and sold at around 1.43ish; rebought during the dip around 1.29ish. buy low sell high
give credits to my friend who helped out with this analysis! tradingview.com/u/yorriz
MT - Sleeping GiantMT is typically the slower brother to that of Mr. X, but that's about to change.
Why?
- Reducing costs, plan to lay off about 20% of workforce in coming years
- >$1B in Buyback planned
- Spot prices of steel have are at 7-10 year highs and continue to rise
- Demand will skyrocket once Biden's infrastructure stimulus revealed, and once economy opens back up
- Other commodity price increases also pushes the price of steel up
$MT is the largest steel manufacturer, and unlike others, it is active in the whole value chain, from exploration and development to mining, concentration, pelletizing, rail transport and port operations. With operations that span Europe, the Americas, Africa and Asia.
It supplies over half of it's raw materials - allowing them to cost average down higher ore prices, thus expanding their margins on finished product.
Technically:
- 2 gaps to fill, 2nd gap brings us to $25.47 - I think those get filled next week.
- PT: $30-35 by end of April
Rocket bullish flag detected$RKT - Rocket Companies
Targets:
$22.78
$24.00
Formed a very good support line around 19.40.
Detected the bullish flag, watch for a breakout. Watch for volume confirmation and RSI.
Earnings in two days. Strong earnings report (Q3 beat expectations) could take the stock to the moon!
This is my first post. Hopefully will make a good start!
Good luck and trade smart! (not a financial advice)
💎XEM - Looks Like a Massive Breakout About to Go Off🚀XEM is looking like it's about to go absolutely nuclear soon... Very big volume confirmed breakout, bullish retrace. RSI is overbought but that might not matter a whole lot shortly..
Looks like we're gonna get 3x at least here.
RKT Rocket readyRocket: Stage 6 launch, the 6th go at it here. Not quite ready yet, wait for some consolidation and be patient! Let the trade come to you. RSI needs to begin to heat up before I enter the Rocket launch.
Stocks: A good risk reward would be entering in the "area of value" along the trendline and set stops below support (draw your own or auto shown on TRND bot indicator.)
Calls: I am waiting on the breakout and buy signal confirmation.
Pay your mortgage with this trade but don't lose your mortgage! Good luck trade smart!
RKT - Prior Trades=Profit - Careful w/ Earning 2/25 AfterMarketRKT
Entry = 19.25 - 20
Cost Avg Down = 17.50 - 18
1st profit Target = 21.64
2nd Profit Target = 24
HODL Target = 618@28.00+
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
KCSUSDT Express... KuCoin is solidly advancing. 1st🎯 14%FibKUCOIN:KCSUSDT
Life changing events. 10x Margin KCSUSDT In @ $1.20
The chart is absurd, in a great way! Watching Cardano ADA this week reach the $.70 area resistance was the old 50% Fib Retracement of it's ATH to ATL>>>$1.40:$0.017, a clear indication that the algorithmic trading bots are programmed to these levels. I find it quite fascinating.
In any case, looking at KCSUSDT we see that the first major Fib level is the 14% Retracement
ATH: $21.30
ATL: $0.074 (it never looked back...never made new lows)
14% Fib Retracement: $3.27 First Major Target
btw, this platform is pretty great. no kyc, 10xmargin,rewards bonuses, etc...
please message me for referral code if you care to😍
Dogecoin (DOGE) • More upside likely to come BUTDoge hit another ATH. Taking a fomo long here is risky but since we are still above trendline basis we can take with a 10% of typical position size and stop immediately below the trend-channel basis.
Next best RR setups come at 0.55 or at the last point of support at 0.044.
$0.13!!!! WHAT A GOOD DOGDoge is projecting a channel intersection currently residing around 13 cents.
All short entries below 10 cents are now void and no longer of interest.
im at work right now. will do a more in depth analysis tonight.
Once we enter above .08 we are in a highly volatile area. trade with caution.
good boy!
your plays for the dayokie dokie
its gonna be a busy day for the pooch
if we move over .062 before transcending .059 and close relatively similar, my major entry and possibly minor entry are void.
Were looking for some .07 cent action today my dudes. play safe. say we do drop to the .055 region, use caution. look for some .053 entries or .051.
cheers
Rocket Mortgage (RKT) Long SetupGood afternoon everyone,
This is my first post on this account but I have been spending the last four years or so analyzing technical analysis on equities, futures, and crypto currency. Almost all of my published ideas will be based on the following three principles/rules.
1. 1% Risk: This is the most important rule in my trading technique. No one should EVER risk more than 1% of their entire account on any single position.
2. Stop Loss: ALWAYS use a stop loss. This rule is extremely important and should be implemented with rule one.
3. Take Profits: Profit taking should always occur. Your first profit target for your position should cover your possible 1% stop loss, if not more.
As I continue to publish my ideas, I will explain the methods that I use in more detail!
Good luck and happy trading!
$CCIV Long From RetracementQuite a simple one, yesterday we had a surge to $35.15 from the low of $19.98 last Thursday. There is a strong potential for the price the retrace to the 61.8% fib region at around $25.80 which is also coming up to the region of trend line interception. This offers a textbook opportunity to got long from $25-$26 with a target price of $39 which is just below the -27% fib point. Stop loss at $22.50 which is the weekly low, and roughly 10% below the trend line. If it hits that point, ceteris paribus, I think we we can agree that the trade is void. That is not to say that the price won't hit $39, but if it hits the SL, it may likely also hit $20 or lower which will be an even better opportunity to go long (when the price becomes bullish once again).