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PFE STRONG AF: All indicators point to continued strong uptrend I REALLY liking PFE rn for long. Here is why ~ Today it not only crossed the VWAP, but it broke the 75th percentile indicating upcoming higher highs. ~ Not only is it riding above the VWAP rn, but there is a nice gap between the price action and SMMA indicating a continued uptrend ~ Price action > 30 EMA > 200 EMA and there is a nice gap between both EMAs. this setup signifies a strong uptrend and an excellent long entry. (especially paired with the fact that the VWAP was crossed) ~ We are maintaining a strong uptrend already on the 50 MA and hourly chart with the 50 MA being a solid support line. I am swinging a PFE call atm (ITM) as PFE is about to be overbought but is not there yet. I believe we may see another test of 50.50 before the pullback. I am hoping we can break it, but if not 50.50 will become a great support zone once we do pass it. I am planning on selling at 50-60 percent profit ( I am at 49 percent rn) and am going to reenter when we retest the VWAP.
NYSE:PFELong
by MathewPiedoux
ADA: Double Bottom or Bear ContinuationPlease leave a Like If you like the idea: ADA has entered a support zone for the second time and seemingly establishes support suggesting potential for a double bottom reversal. To verify a reversal I am looking for price break outside of 1.25 (The next resistance point in the trend) then move forward to 1.30 resistance We are still in an overall bearish movement however and as such price can still trade lower and lower. Strategy: This is a strong buy setup. Currently, ADA is at a price of 1.23 as such risk is at 1.20 (the bottom of the support zone) and potential reward is 1.30. Best of luck, Like/follow for more
KRAKEN:ADAUSD
by JSR44
1
CHZ has broken strong barriers and accumulation zoneAs you can see CHZ accumulations are quite long term. I appreciate it positively, because the breakdown of the accumulation zone means a high chance of a jump. You can see Doge as an example, but our target should be to expect a price of $ 2 in the zone of 2,618 because according to Elliot theory and my experience, I think it will soon surpass $ 1. and $ 2 is what we all expected. This is likely to be one of the biggest gainers this month. Let's hope we are all on the same boat !!! Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed. Don't forget click like, it's a hug for me. Thanks you!
Long
by BMynameX
1
The downtrend on EURUSD is still validYesterday we send out selling opportunities on EURUSD That remains unchanged! Price is still below 1,1900 and while that’s the case then it’s very likely to see a downside direction, therefore we should be looking for short positions. “Looking below current price levels the first support is at 1,1780. You could use this level to take part of your profit and move your SL to breakeven. The main level we're looking for is 1,1750!” Everyone who managed to get involved yesterday and placed the correct SL should be in a trade right now. Confidence and peace are achieved when you’ve placed a SL and calculated your lot size correctly. If you need a hand with that, then don’t hesitate to get in touch with us!
Short
by ForexTrendline
16
ETH In strong position. What I'm looking forSo Far ETH has traded inside a bullish trend breaking into the upper resistance zone of 2000-2200 and setting sights on previous resistance levels. What am I looking for? First, I am looking for confirmation that we are outside of the 200-2200 resistance zone with a full daily candle outside of 2200. Upon confirmation, I am looking at price targets: 2300, 2600, and 2800-3000. I am looking at 2300 to suggest a test of 2.8-3k resistance and I am looking at 2.6k as another potential resistance area. In terms of strategy: The market is very much in the buyers favor with 2100 being the previous low in the bull trend and price targets as high as 2.8k giving favorable risk/reward. Best of luck, Like/Follow for more.
BITSTAMP:ETHUSDLong
by JSR44
MATIC - Strongest Looking Altcoin In Not The Strongest MarketHello everyone, rouzwelt here Well if you have been around crypto market for a while you've definitely heard about matic, one of layer 2 solutions for ETH network which actually is the best one at this moment and looks very promising with the value it adds to ETH network. And you've probably seen its price action and massive rally up from almost 1 cent to almost 3 dollars. Right now market is not at its best form as we all know, we had a massive sell-off and if you want to look at it in an optimistic way at this point in time you may say we are recovering from that sell-off. Actually that can be case but it also can not. Let me say that when I look at alts, almost all of them look weak, most of them even those dead projects like ETH classic had massive rallies which is crazy and shows how much hype was in crypto market. But for Matic it looks a little different, at least to me. Unlike many other altcoins, Matic actually managed to hold critical 1 USD level for good, that indicates that it's a very interesting coin to many, and even at this stage there is demand for it which is good news, showing that if market starts to recover at this point matic would be one of those coins that has a great potential for explosion. And now Let's get to the chart, In the screenshot below you can see I have demonstrated a massive triangle pattern forming, which price is now nearing to its end, if this structure manages to hold and not break-down, there could be test of higher levels again which would be giant bull-flag, one of which you see in crypto space playing out perfectly. But let me note here something, when I say manages to hold I mean If we don't see massive sell-off again in market and BTC The King holds its current position in the chart or head higher. I have projected the likely price action which may happen if this scenario plays out (green arrow). Also In macro picture we are able to see that volume have been increasing at rally up and now is decreasing as we are reaching to the end of triangle, which again shows us the strengths of buyers/demand for this coin and lack of enough sellers. The important point here is we should be cautious if we want to swing trade this coin right now, cause market is not at its strongest form. But in my personal opinion if you have a plan to HODL this coin, the current price is good enough. I'd like to see Matic holds its current price, a test of 0.9 - 1 USD is likely before the next leg up which would be great opportunity to ladder in, or maybe a more conservative approach can be entering at break-out of the triangle. Personally I'm waiting for one of those things to happen before jumping in. I Hope this post is helpful, have fun and trade safe.
MLong
by rouzwelt
Potential Reverse Head and Shoulders Pattern SpottedWhile the markets are looking long overdue for a pullback, the dollar, in direct contradiction (as it should be!) looks to be ready to move up (strengthen). A potential reverse Head and Shoulders (H&S) pattern appears like it could be forming on the daily. This coincides with the theory and timeframe of my prediction regarding The Fed's upcoming meeting in June, interest rate increase, and the DJI (see link to related ideas below).
TVC:DXYLong
by stewdamus
3
Litecoin a great opportunity (2)Hello! Litecoin has finally broke its 616 day long wedge pattern against bitcoin. I think this baby will fly. Look where dogecoin is, which is a meme, a joke made out of litecoin or whatever! We broke the 50ema (red arrows) and The vertical resistance box where price has had resistance which shows bullish rotation If we break the 200ema and turn it to support I am quite certain we will head to 0,017 - 0,018 sats IF we bounce back to the 5600 sats level, you can get there and risk/reward of 45! Targets are 40% 75% 210% Check out my Ethereum a great opportunity 2020 which just hit it the target Not an finacial advice and always use a stop loss, or you will get your ass burned -Jebu
Long
by PalenTrade
4
gme time has come boys to the moon we go.hello my apes i am coming to tell you gme time has come if you watch my amc chart go check it out you will see what i said if we broke that trendline bye bye same thing for gme boys i am telling you all we have broke the first down trend and tit went flying now if we break that down trend resistance that started on january boys see you all at the moon right now is testing one of the biggest resistance horizontal and boys if it break that resistance and i am sure it will test the biggest downtrend and see you at the moon not finicial advice just a very stuped monkey that wants normal people to sucess have a great day everyone.
NYSE:GMELong
by granjitar1
WIN/USDT breaked out for H1WIN/USDT breaked out from strong resistance line, we need to wait for backtest and nearest target is 0.00188$ and 0.00212$ but i think it will not stop at there. You can use Trend-Based Fib Extension to look for resistance. Remember WIN/USDT already up to 1200% in last waves, stoploss is required. Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed. Don't forget click like, it's a hug for me. Thanks you!
Long
by BMynameX
$MMEX MULTIPLE hydrogen plants and CO2 capture in the works!MMEX Resources Corporation, a development stage company, engages in the exploration, extraction, refining, and distribution of oil, gas, petroleum products, and electric power. It focuses on the acquisition, development, and financing of oil, gas, refining and electric power projects in Texas, Peru, and other countries in Latin America. The company was founded in 2009 and is headquartered in Fort Stockton, Texas.
OTC:MMEXLong
by UnknownUnicorn19246015
1