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Technicals

Its LIT$; Strong Fundamentals, Good technicals.Litentry: DID Aggregator, If you want techincals its in the section below. Ive been eyeing up litentry ($LIT) for the last month or two; it’s an innovative project backed with a strong team, solid fundamentals, and a realistic use case (if executed properly). For the time being, it is a speculative investment, given that the core product has yet to be launched and utilized by the general public. Feel free to jump into any section, perhaps this rant isn’t worth the time. Nonetheless, ill briefly explain the purpose of the project: What does it do? (Fundamentals) Litentry aims to aggregate data to identify unique users within multiple blockchains (read; interoperability) and facilitate multiple functions/features that previously were difficult to achieve in DApps. For example, suppose litentry manages to create unique IDs for people like you and I, and with these newly established blockchain identities we can undertake a new set of actions. A list of the common hypothetical actions include. *Personal Credit Scores: In the "real world", individuals acquire loans and credit through a system of scores and ratings (FICO, AAA, BB-). These scores are assigned by credit institutions like moodys, equifax, and fitch which ultimately designate your credit worthiness (how much you can borrow and/or at what interest rate). The system is based mostly on historical data; if you default on debt a lot, you lose the privilage of credit, but if you pay promptly youre allowed a bigger loan and/or at a lower interest rate. On the other hand, the "DeFI world" attempts to offer banking services to everyone, without exlclusivity, bias, or censorship, and right now, its limited by its collateralization ratios and requirements. If youre a small business owner in Nigeria and would like to expand you inventory by 10,000 USD via a personal/business credit utilizing the current DeFi services you would at least need to collateralize this loan with 20,000-30,000 USD worth of ETH, BTC, or others. If you don’t have collateral, you dont have DeFi; kinda lame. But, if you had built up a strong credit history on the blockchain, you could secure microloans (maybe even the full loan) using your DID that litenty has aggregated for you. Enter a new paradigm for DeFi in the world. *DAO Participation: It seems almost every token these days offers decentralized autonomous participation to its holders. That’s pretty cool, and analogous to shareholders in the stock market. In the "real world", financial reporting allows us to understand share distribution with reporting and compliance of large shareholders. And in blockchain tokens, we have that too, and even better. We can follow in real time the movement of tokens with every address that sends and receives the asset, if you knew Warren Buffett’s blockchain address, you could see when he acquired ETH, or when he sold it. But what if he held billions of ETHs spread out over thousands of addresses, he owned? Suddenly what seemed decentralized is no more, and ETH (or Token “X”) is a centralized organization. If you could assign unique identities to each holder voting and participation would be even more fair and decentralized this way. *KYC: Lastly, if you are going to run through a process of KYC with every new customer or with returning customers (log-ins) it would be quite easy to have an identity at hand to sign on/in. I´m Buying (Technicals) As you can see, we are in a pretty large range, excluding the local top of February, the horizontal price movement seems to be bound from 7.90$ to 12.50$ +- some cents. I like horizontal movements given that they often suggest some large accumulation (the bigger the accumulation the stronger the move to the upside and downside). A very weak trend has been established, its almost not noteworthy but its something to keep in mind just in case. I have bought small amount at 8.70 and intend to buy larger amounts near the POC. Its hard to snipe an entry with such a volatile asset, but if I were to call a sniping entry it would be at 7.97$ (+-0.02). Dollar-cost averaging this entry is key and expect a slightly larger holding period for bigger returns. However, the market in ETH is super-hot, and litentry hasn’t really followed the pace, it has a positive correlation (.43) to it so I can only hope it will catch up. Good trading, Matthias M.W
Long
by wachterxc
AUDUSD LONGOverall price has been bullish on AUDUSD. There are still large areas of liquidity that needs to be taking out as there are two daily highs that still have not been hit just yet. On the 4HR, price also made an institutional move to the upside and left an order block as well. Price also seems like it is forming an inverted head and shoulders as well Since the higher time frame is bullish, and there are highs that have not been taken out yet, I am looking at a long opportunity this upcoming week for AUDUSD On the downside, if price breaks the trendline and makes a lower low, I will wait on the retest and sell opportunity to short AU, but I see more buys confirmations than sell confirmations.
Long
by EricDowdell
GE Signals Long GE had dropped by 14% last week from Tuesday to Thursday experiencing its largest fall-off in the past 11 months. While on Friday, GE rebounded and added 2.53% and closed the trading session at $12.58. And looking to recover some of last week's losses, GE is up another 1.2% to $12.71/share in premarket trade today. And last week, Deutsche Bank raised its price target on GE to $14 from $13. GE is trimming its losses to get back higher after testing the lower boundary of the upward sloping channel. And it's also clear the 100 EMA has been so important over the last period acting as a strong support. Traders may consider trading long positions as long as the price remains well above $12 so we can see prices at $13.40 as the next bullish objective to target. The bullish break of this resistance would revive more bullish momentum, So the he bullish movement could then continue towards the next resistance located at $14.50.
NYSE:GELong
by AlyaAkram
ITCDisclaimer: I'm.not a SEBI Registered financial advisor all views posted are just for mutual learning and I'm not responsible for your profits or losses ,build your own conviction through learning and take action ,don't enter blindly , I hope this post add some value to your learning 😊 About stock :ITC is forming a Triangle Pattern and looks good upto Rs365 ( minimum hldng period 1year& Ardmore around 190levels) for very short-term traders Targets could be 220&235 StopLoss -199
NSE:ITCLong
by yaparla510698
1
USDCHF is on the phone with the bears.The Dollar started rising against the Franc and it just started a new trend, because it's brand new and it's still creating it's support and resistence lines we have a great opportunity to trade those level zones. As we can see from our chart, the Dollar is about to hit an important level, tested many times in the past which makes it a strong one , and price action tells us that it should retrace back to around 0.90500. Stay tuned for more Ideas on Forex and Crypto's from an Insider.
Short
by BullishOmar
SKLZ Holy Grail Setup Fundamentally, SKLZ looks great as a long-term Growth play - with revenues almost doubling in the past year due to COVID, showing no signs of stopping as expected revenues will continue to grow at least 30% each year. Operating in the E-sports field, a relatively new and booming sector, the stock is also undervalued as consensus analyst's estimates are above the current price, and have a fair value of ~ $45. Technically, SKLZ is oversold, which is why Cathie Wood is also dip-buying, which brought the stock up nearly 3% AH Friday. SKLZ is sitting on strong support after holding the 50EMA well during last week's sell-off. With a nice inside day on Friday, holding the strong support, and recent catalysts like an NFL & SwitchedOn partnership, we should see a nice reversal. Entry - Above 32.5, PT1 - 36.5, PT2 - 43, LT PT 55-60, SL Below 29
NYSE:SKLZLong
by Samirp01
Retracement In Stocks??Stocks have formed an extremely narrow range at highs. This is an extremely common behavior after an asset has made strides especially to the extent that the S&P has. However it does appear to be running out of steam. The Kovach OBV is still very strong, but has plateaued a bit, suggesting that momentum is waning. Additionally, although we have been seeing higher highs and lower lows, the hallmark of a bull trend, the extent has decreased with every attempt, forming an overall arc pattern. The signs are pointing to a correction in stocks or at least a sideways correction for a bit. If we do have a correction look to 3909, 3898, or even 3882 for support. These are a mixture of technical and Fibonacci levels. We are completely aware of bubble forming thanks to free Federal Reserve magic papers. So if stocks do breakout they will contend with 3937 first.
FX:SPX500
by quantguy
GBP/USD Outlook (04 February 2021)Overall, GBP/USD is trending upwards. The UK Construction PMI data (Forecast: 53.0, Previous: 54.6) will be released later at 1730 (SGT). The Bank of England (BoE) will be announcing their monetary policy decision later at 2000 (SGT). The central bank is expected to hold its monetary policy unchanged. Nonetheless, look out for the BoE’s view on the adoption of negative interest rates. A press conference will also be held afterwards at a tentative timing. During this time, volatility is expected of GBP. GBP/USD’s next support zone is at 1.34800 and the next resistance zone is at 1.37800. Look for short-term selling opportunities of GBP/USD up until the BoE’s monetary policy announcement.
by JinDao_Tai
EURUSD UPLet me start by saying I'm not a financial expert, I mostly publish these things for myself, and to see if anyone else can see what I'm seeing. This is what I feel will happen, what the market is showing me. Also I have a long history of losing money to EURUSD so take that for what it is worth. Technical Looking back price ranged from about July to November before going up. Strong bullish movement occurred, with little consolidation. Price dropped to an area of support. The D TF has a COW formation, it is a reversal pattern, every candle is different like spots on a cow, at least that is how I've come to know it. Fundamentals I am looking for aggressive bullish movement on Monday, as we have news events that should impact the EURO positively. I am bearish on USD Knowing all of this, I'm looking for price to break this trendline, continue upwards to face the resistance of the previous high created, and eventually continue up to 1.25 to test those highs created in 2018 Simple right? We shall see. I'm already in a trade, I'm looking to close a quarter of the position if price breaks past 1.23447 Personally, I feel it is going to be a great wk to trade the forex market. Lets hope we can all secure some bags, and if you see the same thing as I do let me know, also if you feel like price is going down, let me know that as well.
Long
by SSJNat
1