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$IOTA/BTC 4h (Binance Spot) Falling wedge breakoutMiota is trending inside an ascending channel and has broken out of that falling wedge. Let's wait for a pull-back and try to catch it on 50MA support retest, which is also a demand zone! Current Price= 0.00002450 Buy Entry= 0.00002385 - 0.00002323 Take Profit= 0.00002659 | 0.00002898 | 0.00003316 Stop Loss= 0.00002150 Risk/Reward= 1:1.5 | 1:2.67 | 1:4.72 Expected Profit= +12.96% | +23.11% | +40.87% Possible Loss= -8.67% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 2 weeks
Long
by TradingOn
9
$SRM/BTC 12h (Binance Spot) Ascending channel on supportSerum is up-trending and forming a falling wedge, a break-out would be very bullish! 100EMA seems to be acting as support so let's place some bid down there and be patient enough. Current Price= 0.00010374 Buy Entry= 0.00010110 - 0.00009536 Take Profit= 0.00012433 | 0.00014447 | 0.00018294 Stop Loss= 0.00008335 Risk/Reward= 1:1.75 | 1:3.11 | 1:5.69 Expected Profit= +26.57% | +47.07% | +86.24% Possible Loss= -15.15% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 1 month
SLong
by TradingOn
$ALGO/BTC 2D (Binance Spot) Ascending channel on supportAlgorand seems to have retraced enough from last spike, I think It's time to enter a swing! Current Price= 0.00001943 Buy Entry= 0.00001956 - 0.00001818 Take Profit= 0.00002618 | 0.00003956 | 0.00004992 Stop Loss= 0.00001399 Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36 Expected Profit= +38.74% | +109.64% | +164.55% Possible Loss= -25.86% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 3 months
Long
by TradingOn
Spotify Stock to Lose Half of its 2020 UptrendIs this a good time to join Spotify bulls? Let’s see how the situation looks like from an Elliott Wave perspective. The daily chart above puts Spotify advance from its December 2018 low in Elliott Wave context. The chart reveals that the uptrend from the 2018 low at $103.66 is shaped as a complete five-wave impulse.  The pattern is labeled 1-2-3-4-5, where the five sub-waves of wave 5 are also visible. There is also a good alternation between the correction, wave 2 is a time-consuming flat pattern that completed during the coronavirus panic of 2020, and wave 4 is a sharp zigzag move.  According to the theory, a three-wave correction follows every impulse. The corrective phase of the Elliott Wave cycle typically erases the entire progress achieved by the fifth wave. Applying this to SPOT stock makes us expect a decline back to the support of wave 4 near $220 a share . If this count is correct, a ~43% drop from the top at $387 seems to have just begun. The double bearish RSI divergence between waves 3 and 5 also indicates the bulls are running out of steam What's your view on Spotify Stock? Let me know in the comment section. Thanks for reading! Veejahbee.
NYSE:SPOTShort
by Veejahbee
3