ETH Ethereum Selloff Price TargetIf you haven`t sold the top on ETH Ethereum:
After analyzing the chart patterns, I would define the revised buy zone as ranging from $2170 to $2370, as illustrated in the chart.
SELL-OFF
FLOKI Potential Correction Soon ! RSI at 99If you haven't read my article about meme coins:
Then the heightened RSI level of 99 for FLOKI signals a potential correction on the horizon.
Such an extremely high RSI often indicates overbought conditions, suggesting that the asset may be due for a pullback.
The price target, as per the Fibonacci retracement tool, is: $0.00000697
BLUR Cryptocurrency potential Sell-Off soon!BLUR serves as the governance token for Blur, a non-fungible token (NFT) marketplace and aggregator platform.
BLUR Market Cap is $813Mil
BLUR Fully Diluted Market Capitalization is $1,96 Billion!
49.46M $BLUR(about $32.50M) was unlocked yesterday and they will be unlocking more coins next month!
I have a rival to study for comparison, Rarible and its token RARI.
Rarible operates as an NFT marketplace and issuance platform with a focus on empowering creators. The platform leverages the RARI token to reward users engaged in active interactions with the protocol.
RARI Market Cap is $32Mil
RARI Fully Diluted Market Capitalization is $35Mil!
In 2021 RARI was trading at $63.53 and its fully diluted Mk cap was $1.57 Billion! Sounds familiar?
Then the DILUTION started!
And now is trading 45X lower, at $1.4!
In case it will follow RARI`s rule, my price target for BLUR is $0.015.
Now it`s trading at $0.657!
BNB Chart AnalysisContext: BNB is the only crypto chart
which "only" dropped approx. 74% from its ATH in 2021...
The entire crypto space has been bleeding out, but BNB
has been hovering around up there.
Why should it drop down to $43.20?
Because the chart says so, that's all I care about.
What needs to happen for that drop? I don't know, but
I have a theory. Binance holds large sums of USDT.
USDT is not completely backed by USD 1:1.
Once that comes out, people will withdraw their money
out of USDT causing it to go down.
We are talking about billions of dollars.
Binance will go down with it.
The chart couldn't be more obvious.
End the year with a BOOMIt's that time of the year again, the Christmas sell-off is a much anticipated event as it repeats every single year.
After the weekly close below the dotted line around 17K the market signalled its most likely direction - down.
I'm expecting a big nuke candle to clear the 11.5K level, HTF close above the green block EQ and finally but slowly, move towards the 0.25 Fib retracement.
Final target of the relief rally - before any major reviews - would be the 0.5 Fib level. Taking profits accordingly.
Eyeing closely the monthly and yearly closes, as they will be key for next years price movements.
Invalidation (and therefore weakness) would be weak HTF closes and prolonged distribution below green block EQ.
EURGBP Double Correction Sell-OffThe EURGBP is still maintaining the downside direction. We are trading in a Double zig-zag correction pattern. But we must see the (X) wave initially make a minor zigzag correction in the upside direction. The upside correction might not be very deep it might not even reach the 61,8 Fibonacci level.
What you have to realize is that we had a similar pattern on USDCAD in the 2020 financial crisis. The pattern was between 16 May to 27 April 2020. The patterns are less the same so we can expect it unfold the same way.
USDCHF Dollar Potential Sell-Off - Ending Diagonal PatternUSDCHF has been trading in an impulse wave. Price now formed an Ending Contracting Diagonal on wave 5 suggesting that the impulse is now complete. Elliott Wave is a study of human psychology as we as humans have patterns in our behaviors. To put this in terms of the charts or technical analysis in a bullish trend, wave 3 is where there is a bit of hope and a lot of buyers and people are pushing the price and on the wave, 4 people start exiting their positions and only a few buyers left that one of the reasons why a wave 5 is fairly short-term lived.
Then followed by a crash and start correcting in this case we have wave 5 as a diagonal pattern to justify that it's safe to say we will be followed by a sharp and rapid drop. The tricky part with an Ending diagonal pattern is that there is no clear target level you will have to rely on Fibonacci retracement golden zones and the sub-waves.
MSFTShortest short short short
230 and 215 support lvls are to watch. Tech breaking down with yields shooting up. SPY currently at bounce zone though so i'm currently indecisive, lets see what Powell has in store for us..
AUD/JPY High Yield sell-offFX:AUDJPY
Witam,
Sentyment : risk-off envoirement, inflationary.
Fundamentalia : migracja kapitału - wyprzedaż High Yield (CAD, NZD, AUD), kupno save-havens.
Chart pattern : Head & Shoulders.
TF : H4-H1.
Wejście : po retescie neckline + price action + MACD confirmation + CCI 20 0 line overbought retest.
Wyjście : luzowanie polityki monetarnej FED (interest rates reveral), czyli okolice mid 2023.
Sorry za polglish, ale tak jest łatwiej. Miłego tradingu ;)
Bitcoin bearish signalThe opportunity comes again. After taking profit at $27000, I continue to short 50%(500BTC) position at $29800. Take profit at $17264. NO buying power at this time. Only the whales manipulate, too little volume will usher in a sharp decline towards $16000. Bitcoin is a security in its own right, it will depreciate according to US stocks. On the chart, the signals are noisy. The sell-off is about to happen.
SNOW price target after Disappointing Growth ForecastSnowflake is facing strong competition from Microsoft's Azure and Amazon's Web Services.
Snowflake expects product revenue for fiscal 2023 to grow between 65% and 67%, lower than 2022's 106%.
In Q4 SNOW posted total revenue of $383.8 million, beating analysts' average estimate of $372.6 million.
In 2021 they had 592Mil in revenue and negative earnings of 539Mil. The market cap was 81.075Bil yesterday.
SNOW Snowflake went public in September 2020 at $120 a share.
After the Disappointing Growth Forecast and a head and shoulders bearish chart pattern, my price target is $185!
Looking forward to read your opinion about it.
Bitcoin to 10.000 USDHello everyone,
today I want to discuss several impact targets fort he upcoming selling extension on BTC. This Chart is seen from a purely technical perspective and has nothing to do with fundamental knowledge about the Crypto market and its correlation to economical events such as the excessive money printing by the US, which can have an impact on the Crypto Market Cap.
As you can see, Bitcoin has finished its B wave, which is made our of 3 waves (a, b and c). Wave B made a new high which is considered as an Flat Correction according to the Elliot Wave Theory. I have given multiple warnings in the past that this ISN’T a bullish breakout, which is now starting to crystalize itself as a big bull trap. I expect an acceleration of he sell-off within the next couple of days and weeks.
Therefore, possible targets for an impact are the 0.618, C = A and 1.618 Extension as shown in the Chart.
The final target of 10k isn’t just a doomsday scenario as news may have told you. However it’s the deepest target for our correctional Wave C which would end up in a Expendad Flat.
For further informations please see below. I'm excited to discuss this Chart with you!
RL from RT_Trading
USD/TRY High Volatility, strong sell-offWe said it 30 minutes before this massive short-selling. "it will go up until the Turkish Government decides to react." And they did. At Human traders we provided two selling signals, and we are short this forex pair. Volatility remains high and there are a lot of forex traders closing positions. For those who want to trade this one, we recommend you to stay on the sideline until the correction by that piece of news finishes. Then, we will close our position out and buy USD/TRY again for a long-term scenario with Forward Contracts.
Hello Group lost big support levelThis stock has been slashed over this year. It has lost an important support level and it's following the same trend as other companies such as Robinhood, Bumble, Victoria's Secret, Vimeo or Deliveroo + the Chinese Crisis. We expect someday a trend reversal, so for now we recommend to place price alerts. Key level, the weekly resistance line (at $12 per share - a good one for selling-short). Moreover, it's not a bad entry for swing traders with stop loss on last lows, as a bullish divergence on the daily chart is almost complete.
EEM Possible BreakdownEEM is looking weak at the bottom of this range its been in for a few weeks, if market sell of continues we may see this break below 49/48.75 which is a clear break of the channel support. Next key level below 46.25, may see sell off to this level before prior bulls come in to defend.
Still Waiting on Southern Company*not investment advise. do your own research and invest at your own risk*
$SO is presently in a sell-off. I saw this coming (see my previous idea on SO) but the movement's strength and momentum has surprised me. From what I've read, this doesn't appear to be related to anything significant beyond general market selling and a pervasive over-valuation fear that grips every sector. There have been hiccups with the nuclear project related to Vogtle Unit 3 (surprise...not) but reports I've read have misconstrued the premise. Southern Nuclear self-reported many of the cable non-compliances to the Nuclear Commission. This is a non-issue.
Despite this, given the strength of the sell-off, I think we'll have a repeat of last year. Strong selling (probably profit-taking of those who bough early late 2020 - early 2021) going into winter with a noted downward trend until spring of 2022. Now would not be the time to buy up shares, in my opinion. If earnings are reported as strong this might alter my assertion, but the numbers would have to be impressive.
Southern's fair value still hovers around $60.00 so any purchase at or below that mark would be acceptable. With less growth and higher risk-free rates (not likely over long term) one could fairly price the stock as low as $53.00 - $48.00. I don't think SO will reach those levels but, if it did, that would be a very strong buy, in my opinion.
I'm looking for a downward move to around $58.00 - $60.00 at which point I'll start buying again.
I'm short.
Drop It Like It's Hot ❗The S&P500 reached our target-box in yellow and dropped like a stone.
The impulsive sell-off confirms our primary scenario. Our next target now resides at 3262 points, bevor the bulls have a Chace to push back. We give the scenario in which the market stabilizes, in the range of 3262 - 3075 points, a probability of 38%.
Should the S&P500 reach the blue target box at 2883 points in our primary expectation, then this would be a tremendous long-term buying opportunity. Long-term, we see the S&P500 getting to 5000 points.
Feel free to share your thoughts.
Happy to discuss the next move.
AMD nearest future. Expected end of the rally. I know that it may look a little saturated, but if you are serious about investing in AMD (which is a good idea IMO, but not at this moment), look closer and you'll find a lot of useful info.
TL;DR:
1) Rally triggered by the launch of Zen2 processors got exhausted.
2) RSI divergence on both, weekly and daily charts.
3) Upcoming earnings (April 17, 2019) not promising anything good, Zen 2 sales declined.
4) AMD cut the prices for the latest Zen2 CPU's which indicates that sales are dropped and they are trying to squeeze every a little bit before upcoming earnings to don't show absolutely awful numbers.
5) Announced MOBILE Ryzen 4000 CPUs is in fact have older Zen2 architecture, not Zen3 as some may think based on the name.
I shorted at 56 and to be honest I'm really eager to re-enter, but we have to be patient, especially in current market conditions.
AMD developed a small wage which may retest the previous high. It may look like an opportunity for some day traders, but expose an extreme risk for long term investors. The target of the wage is right near the previous high, and if the price will bounce from it, we will have a Double-Top after which the price decline may be dramatic.
The targets are ~$35.50 and if after testing the trend line at $48.50 it will fail, the next support must be at ~$25.
From $25 to anything lower I'll buy like there is no tomorrow.
SELLBefore testing the 200 average weekly our EUR will test the 61.8 FIBO which I see as a great continuity pattern ....
Accelerated Growth, 2020 Selloff, and a 15 Year Bull RunWe're getting very close to breaking out of the trend line going back twenty years to the 99` bubble. There have been multiple attempts over the last 2-3 years. Trump/ Fed keep lowering rates and want to continue the "expansion". I assume they will be successful and we'll have accelerated growth until 2020 Presidential elections. I expect 3600-4000 SPX before a democrat is elected. I could see Trump and the Fed will allowing the market to fall by raising interest rates and not utilizing the presidents working group on financial markets like was done in the sell off in 2018. That being said I believe the market will resume its bullish trend after a sharp sell off in 2020-2021. This is just my very broad / general long term Technical analysis/ speculation where I am assuming many things, do not trade on this even if the assumptions are correct when the time comes. Trade based on your own analysis.
Demographic data and economic cycles align with my speculation as shown by
Ciovacco Capital www.youtube.com
NKE Has Strong ReboundNike rebounded from a steep sell-off, to gap and run up. The support for the rebound is prior months’ highs. Stock indicators turned positive. However, resistance is stronger against the rebound candlestick pattern.
