Square/Block Analysis 25.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
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Thank you for watching and I will see you tomorrow!
Squareinc
$SQ -68% DISCOUNT (52-WK) -77% (ATH)!Square/Block is Great stock if you are thinking about adding a software, crypto and financial services stock to your watchlist/portfolio. It is currently showing a possible sign of reversal, but I think it has a way to go down! The original Heavy buying positions from IPO '15 to ATH in '21 is the $71 area! The next set of buyers are @$32.25 area! Which is good entry to swing to the $290 ATH, but the $32 entry area is a SNIPER! anything in between those two are good entries for long-term.
Square/Block Analysis 05.02.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
SQ Block Inc: 1D Chart ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for Block, Inc. (SQ).
The chart is self-explanatory. The price is in a descending broadening wedge and making an attempt to break out of the wedge. If price gets rejected it could fall into the Support Areas. RSI is at the S/R line and has potential to bounce off of it. If RSI breaks down, expect the price to continue falling down. Price is below the EMA Ribbons and SMA (50 and 200).
Included in the chart: Trend line, Support and Resistance Lines, RSI, MFI, Descending Broadening Wedge, Fibonacci Retracement, Death Cross, Simple Moving Average, Exponential Moving Average, Volume.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
I have additional charts below on cryptocurrencies, stocks and more to review. Check them out!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Square/Block Analysis 15.01.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Can we expect a new bullish impulse on SQ? Today we will take a look at Square Inc. Jack Dorsey's company. In case you don't know who Jack Dorsey is, he is the founder of Twitter inc. In case you don't know what Twitter is... (I'm just joking)
Let's go back to Technical Analysis:
I can see two clear structures here:
*The previous impulse (which is a sequence of higher highs and higher lows) + The current major correction is a sequence of movements inside a constrained range. Ok, what is so special about that? Using Elliott Wave Theory, we can see the relationships between these two movements; one is a correction of the other one. And what Elliott concluded is that the next bullish impulse (IF it comes) will have kind of a relationship in terms of proportions with the previous impulse. That's why we use Fibonacci Extensions to define targets. Key Take away of this bullet point: The targets for a possible bullish movement are: 350 / 400 / 440
* Now let's take a look into the current major correction: After 170 days below the previous high, we saw the breakout in August, after that the price has been correcting on edge (which is pretty standard, after the breakout of structures of this size) This minor correction has been on its range for almost 80 days.
* Conclusions: IF (capital letters, conditional sentence) the price makes a new ATH, we will consider that as an activation level for the bullish view. Targets are the levels we mentioned before. Invalidation level will be below the minor correction at 218.00/ IF not the analysis is not valid (that simple)
*The expected duration for a movement like this can go between 100 to 150 days
Thanks for reading guys! Remember to add any ideas or thoughts to the comment. Protect your capital!!!
SQUARE Daily TimeframeSNIPER STRATEGY
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Let's get into some stock trades #1 - SquareHas been consolidating for quite some time after a big move up. Clearly it's trend is still up with tons of upside left. Square is a pretty revolutionary company and it is definitely feeding of the banking sector. Not much to say about it other than the chart is looking great. Might take a little time to take off because of the way the chart is structured, but I doubt this huge consolidation is distribution and not re-accumulation
Two scenarios explained on Square INCToday we will analyze SQ. This company is the 4th biggest Holding of ARKK and is run by Jack Dorsey (Twitter funder)
So what can we see here?
1) The main structure: We have a horizontal compressive channel that has been in formation since its peak on FEBRUARY 2021. This is useful because we can know if the price has made a clear breakout or not based on the reaction on these levels and daily candlesticks closing above or below. The main idea here is: If the price stays inside these levels, don't assume any breakout yet.
2) Possible Bearish Scenario: If the price reaches the highest level of the structure and reacts there, we can expect a bearish movement towards the other side of the range. (Interesting level for reversal traders)
3) Possible Bullish Scenario: When we want to develop swing setups based on new trends starting, we take some considerations before risking our money. First of all (Clear Breakout), we want to observe a new ATH (no doubt that the price broke the structure). After that, we want to observe a small consolidation, as you can see with the yellow lines. IF that happens, we can trade above that and set stop loss below the level. This provides a great confirmation and a setup with a perfect Risk-Reward Ratio of almost 1:3 to the first target. Expected time towards the final target (150 - 200 days if the scenario goes as expected)
As you can see, we don't care at all about the direction of the market. Taking rigid views with any asset is not a good idea because it doesn't allow you to adapt to changing conditions. That's the reason we work with "Scenarios." Based on this, the only situation we are interested in is the bullish one (Swing Setup); otherwise, we will stay on the sidelines.
Thanks for reading! Feel free to show your view in the comments.
SQUARE - 🚨Attention, it's getting dangerousHello everyone,
SQUARE is definitely one of the current hype stocks. Accordingly, the share price has developed well in the past. But everything moves in waves and Square will be no exception. There are some warning signals in the chart that suggest a strong correction. And it is precisely this expectation that I would like to use to determine a nice long-term entry.
Chart-technical assessment
- The momentum of the trend has clearly cooled down in the weekly chart and is slightly negative according to the MACD indicator. This is also reflected in the fact that no new high was formed in recent weeks.
- On the downside, a clear support zone can be identified in the chart (grey box).
- Within the supposed top there are two very exciting candlestick reversal formations.
1. evening doji star: A formation of three candles. This formation is not very common, but when it occurs after a strong rally, we should pay close attention to it. The formation represents a strong trend reversal signal with a good hit rate. The top of the Evening Doji-Star formation is considered strong resistance and is located at 283.19 points.
2nd Shooting-Star: A formation from one candle: The Shooting-Star is another trend reversal signal. Moreover, it additionally occurs in the range of the Evening Doji-Star.
Conclusion
- The chart gives many warning signals that the party at Square is over for the time being. Nevertheless, no decision has been made here yet.
- Should Square sustainably overcome the upper side of the current formation at 283 points, a further long movement should be the consequence.
- Should Square fall through the lower support, as I expect, I will use the marked zone in the chart as a buying opportunity. This is where many supports and the price target of a sell-off come together.
As always, it's "do your own research" - I am not an investment advisor and this analysis reflects only my personal opinion and is not a call to individual action!
If you want to support my work I'm happy about a Like & Follow 🙏
Best regards & success!
Chartdigger
SquareSquare, Inc. was incorporated in 2015. The company offers financial and marketing services through its comprehensive commerce ecosystem that helps sellers to start, run and grow their businesses.
Square's recently had a report and even in a falling market, it looks very good and makes a 200% profit every last quarter.
Square has the most famous application Cash App where you can:
- buy a BTC in one click,
- set up to buy for the rest of the money,
- buy all the time.
They provided mass adoption for its application Cash App.
Each quarter, they buy a cryptocurrency for the sum of 180 million dollars.
Jack Dorsey is the founder and chairman of Square, as well as Twitter.
If you are far from the crypto world you can buy different ETFs but it turns out that's not what you need in.
Buying SQ you buy the company without any risks.
While the crypto market was down, the company was developing successfully and made money.
Starting in 2017, the company had also increased by 5 times at a time when Bitcoin dropped sharply, to about $3000.
However, it is worth noting that the most marked reduction occurred at the end of 2018, a sharp drop of near 50%.
Anyway, I think the company will continue to grow.
The last reports good enough. During this period, Square experienced enough high level of volatility +7-10%.
Market Cap: 34.497B
Best regards EXCAVO