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DOT TA - Short term Trade HIGH Risk Reward Ratio 2h timeframeI opened a Long just few minutes ago. Let's see what will happen 🚀. Just remember: Stick to your plan and have a good risk management 👍 And that's the main reasons I decided to take a long on SOL : ► Bounce from the 0.618 fib level ► Retrace from the support line (yellow) ► Confirmation on the breakout (yellos) ► Momentum is shifting up ► High risk reward ratio Trading setup: Entry: $9.49 SL: 9.2 TP1: $10.59 (60% of position) TP2: $11.8 ⚡Just to notice. We are right now in a very volatile market phase in the crypto. Crazy and unpredictable things could happen. That's why you should use a stopp loss. ⚡ Disclaimer: DYOR. No financial advice. Just for your impression.
Long
by CryptoPlough
DXY Possible Short term Reversal Its quite odd that DXY is forming a bullish flag pattern coming from a downtrend channel, usually bearish flags would cause higher lows and higher highs in such cases but right now it seems to being doing the opposite. Last time DXY created a bullish flag was when it pumped on may 4, here we are seeing a sort of similar play where it has bounced from the same support on the RSI, as well broke through the trend line resistance on the RSI. If DXY breaks out of the flag pattern to the upside, we could be looking at a upward price action for short term.
TVC:DXY
by Gg23gg53
Possible Descending Widening Wedge SNDLSNDL has been, along with the Canadian cannabis sector, in a long downtrend since June 2021. If you exclude the 2 sharp jumps in prices, the pivot points have been making a Descending widening wedge. This reversal pattern, in addition to the company's recent acquisitions and diversification of assets, may lead to both a sharp jump in price in the short term and an overall reversal of trend in the next year or two. Additionally, the US, Canada's bordering country, has a bill that will be approaching the Senate floor for the decriminalization of cannabis on a Federal level. The news of a vote on said bill will most likely be a catalyst to an increase in price prior to the actual vote; leading to a jump in price. Sndl is currently in a curing stage to increase it's stock price to $1 for 10 days within the next few months. The company also has a stock buyback plan yet to be implemented.
NASDAQ:SNDLLong
by MissingCodex
Short term APE entry and possible levelsThis is a very short term IDEA. As asia wkes up to a pure rout and realizes that there are no more macro news to be priced in this month. I believe we will see a very short lived rally. I stand by my prediction that over the course of the next couple of weeks APE will reach 1.03$. However for a quick scalp it is looking sweet to buy 7.70 and sell 9.50-10.05$. High risk play given current market volatility. Maximum 1% cap trade.
Long
by TheBitcoinGeneration
2
BTC Short Term Movement AnalysisAs you can see from the last Bitcoin analysis the 30000 area broke and the price went down with selling pressure and bounced from 25300$. with the price action analysis, Bitcoin is forming a symmetric triangle on lower time frames and we will see a break of this structure soon. The resistance is the $30,500-$31,000 area and we will see a move towards $33,000-$34,000 if BTC breaks above the $31,000 level. A break below $29,000 is bearish and we might see again $27,000-$27,500 levels. Use tight stop loss in all trades. This analysis will be updated. 5/14/2022
by Trader_Needs
MM False Bearish Breakout (SPY) Although I am titling this idea as "Long", this is more neutral than long, although it is geared towards Long. As we can see, many stocks such as $FB are down nearly 50%. This includes $NFLX and many others. That being said, $SPY is only down about 17% , far less compared to many other major stocks (AMZN is > 40% down from its highs!). One of two things are likely to happen. 1. $SPY possibly falls a little bit lower, and then rips up 6-12% points before it eventually makes a longer term dive, or 2. The more likely option: $SPY and other stocks find temporary bottoms soon (not necessarily today or tomorrow, although not impossible), and then starts a new trend which is either more continued consolidation, or the beginning or continuation of the old uptrend. EITHER WAY, stocks are likely to find some sort of temporary "bottom", and then rip from there. Again, consult the Fear and Greed Index: 20: Extremely Fearful. www.cnn.com Even if we are heading into a recession (as many around me and people in the news are pointing to), even in the 2008 housing crash, on the way down the overall market made 6% jumps, 10% jumps, some even up to 15% jumps. As technical analysts we must take advantage of these swings and use them to our advantage. We Know that stocks such as $AMZN, $GOOG, $FB will likely do some sort of DCB, or retracement. When this occurs it will propel the overall market to rip up potentially bringing it into a new uptrend thus around now and the next few weeks could be a great buying opportunity for new investors... That is of course all relies on whether or not $SPY can hold above the trend lines I drew all the way back from August 2021. If price action cannot quickly shoot up above support, and continues to fall from there (potentially coming back up to go down again) then we are in for a not-so-fun ride. Let me know what you all think in the comments below! This post was kind of rushed since I have been off of Trading View for two years getting more practical experience and knowledge of TA, and was itching to do another post since I forgot about this site. I plan on doing more posts here in the near future to get more feedback. I am always learning, so please feel free to reach out to me and let me know personally what you think of my TA, or just write it in the comments! Good luck everyone! M
AMEX:SPYLong
by matteophone