38 $ KCShello !
lets keep it simple .
volume increased which is bullish
the chart looks good as well
so we got 2 path for next few days
Green path : holding 21 support level which was first resistance before breaking it.
Red path : losing 21 and start to accumulate below 21 level or at the worst case , testing 17 - 18 $.
the only bearish sign is RSI right now !
for reaching to 35 - 38 $ , we need to break 23 level resistance first and next major resistance is around 28 $.
breaking 28 $ = moon
.....
not financial advice !
stay safe and healthy
.....
let me know what do you think and share your ideas and charts
thank you.
TERM
Falling Wedge- Watching CloselyCRM holding quite a big falling wedge here on its daily chart after closing Friday reclaiming the 50-Day SMA. CRM is currently sitting on its 50-Day SMA as well as the .786 FIB level, which also happens to fall right on a major RSI-Based Supply level. CRM additionally has multiple gaps on the upside to fill. Bullish on CRM long-term and will be watching closely for a breakout if buyers continue to step in (broader market conditions permitting)- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on in the meantime- Price Targets Attached Below
- Buyer volume picking up relative to seller volume
- Reclaimed the 50-Day SMA
- Falling Wedge
- Gap Fill on the Upside circa $238.87-$243.22
PT1- $212.74
PT2- $214.68
PT3- $217.10
PT4- $219.52+
BTC long target $117000 minimum In week TF writing W pattern and my prediction of minimum $117000 after 2-3 month for #BTC
and the current situation in the world will encourage investors and even ordinary people to try to keep the value of money and investments.. and for this, the best asset is bitcoin! and people have already realized this trend! sanctions for different countries of the world are also a direct way to use bitcoin to circumvent them. so all fundamental indicators also show an increase of at least 117-120 thousand dollars per bitcoin!
Axie created a triple bottomaxie triple bottom let's goooo. resistance and support marked on chart. will we make a run to ath? let's hope btc stays bullish. not a financial advisor do your own research. the king paves the way. always use low leverage. always use stop loss and have an exit strategy. good luck and like/follow if you liked my chart.
Bullish 2W Candle Close for BTCUSDBearish momentum is stalling out, even while the threats of war, hyperinflation, and Bitcoin "failure" loom over the heads of investors.
While we remain in bearish waters, ultimately the lack of momentum here in either direction, up or down, spells out a NEUTRAL outlook for a majority of remaining crypto investors. The majority of whom are buying en masse, including both retail and whales. While this is very bullish on-chain, fundamentally, and historically--will the rise of precious metals like Gold, Silver, and Nickel still manage to stunt Bitcoin's upward price action in the short term?
Are you buying or waiting it out?
PLTR don't fail me now!NYSE:PLTR
Daily Chart
EMA (Exponential Moving Average): 20 EMA is yet to cross the 50/100/200 EMA... For longterm buys, this is still in the buy zone although this means that the stocks hasn't recovered from the death cross (50 EMA crosses the 200 EMA).
TTM Squeeze: Squeezed ! Momentum is behind the stock... Working to fill the gap down from Feb. 16th.
Fib Levels: Smooth sailing from 0 fib to 1 fib ($10.27 to $13.02). Having trouble holding above the 1 fib . Would it fall back to the 0 level or go parabolic? That is the question. Facing strong resistance at $14.28 and at the next fib level ($14.85). This stock is practically facing a lot of resistance all the way to $29.29
Candle Stick: Summary of last 5 candles equate to a bullish movement. Bullish Pin Bar although ending red isn't too bad...
Pattern: Do you see a double bottom (feb 24th and Mar 15th)? In general, PLTR is still in a falling wedge. Will this double bottom be what reverse the pattern?
News: Sigh, no matter the news, good or bad, this stock just seems to want to trend down.
History: The last 2 earnings have resulted in a downward trend even with great numbers. Everyone and their mama is talking about this stock... Maybe the Wall Street Bets community will bring about a squeeze someday.
Company is worth Trillions with no debt, Great Enterprise customer base but the stock is tanking... hmm...
KRN: BULL FLAG BREAK OUT KRN (Karnalyte Resources)
Agriculture and fertilisers are hot industries now.
The chart is really overbought but I like this bull flag and will be looking for a break out of the flag for a short term trade.
If the pattern is confirmed, 1st target is 1.36, 2nd target is 2.17/2.34
Initial stop loss at 0.93, then raise it accordingly.
Trade safe!
THETA DECISION TIMEHello everyone,
Theta weekly timeframe is offering a good setup and all biais are showing green as well with BTC pushing higher too!
Over the past week we saw theta developping a higher low on the weekly TF and if we manage to clear that descending trendline we have been rejecting since November 2021, i believe we can see Theta retesting the $6-$7 in the coming weeks/months.
Capitulations or fakeouts are good signalsThis is a long fakeout in the chart of $ENPH. We look at this fakeout after it brakes a trendline and you don't find continuation to the downside after retesting the break.
After this, the fakeouts market liquidates many MANY sell positions and call options that they do 2 things:
Scare the sellers with bad loses
Add tons of liquidity or volume around these prices.
Plus, the MACD gives a delayed, but great signal to ATH. And the fundamentals are looking great:
www.etoro.com
So, I can do 2 things, go for different mini trades in the 4 hours allocating 0.5% to 1.5% of my portfolio and leveraging those either X2 or X5. Or I can go the low-risk option and add a larger allocation, up to 5%, and just let it be there.
1) Short-term trading (swing trades) with low leverage:
The Pros of this strat are having more capital to open other trades like BTC (which is moving now) or just having cash for hedge purposes.
The Cons is the risky trades as I can lose that capital easier in this way as the short-term trades are usually fewer probability trades.
2) Long-term position with higher allocation.
On the contrary, a long-term position is a higher probability trade, not a time-consuming (a simple SL and TP order would do) position, but it allocates a large amount of capital.
I'll try to do half and half this time.
Let me know what you think about this
S&P500 Long Term Moving AveragesThis chart shows ES with 4 long term averages - 1 year, 5 year, 10 year, and 20 year. I marked some periods where we dipped below the 1 year average and some volume spikes I saw as relevant.
2015 - Eurozone Crisis:
The issues in Europe cause us to finally break the long held trend for the first time since the GFC recovery. It was preceded by a high volume wick in 2014 and another in 2015, both of which seem to have established a bottom for the upcoming scare. Peak to Bottom in this period saw a drop of ~15%.
2018 - Repo Crisis:
This period was also proceeded by a high volume wick but contrary to the last, it did not establish the floor for the upcoming drop. Instead, it was a bounce off the 1 year EMA trend. We saw volume start to rise leading to a large downside candle that signified the bottom. Peak to Bottom in this period saw a drop of ~22%.
2020 - Covid Crisis:
Everyone knows what happened here. The sudden monster volume candle is due to the unexpected nature of this period and how dire the situation seemed. The bottom was almost exactly at the 10 year moving average before violently bouncing back up. Peak to Bottom in this period saw a drop of ~36%.
The current crisis seems bad in the moment but with respect to these prior periods it is not crushing.
We already have seen a peak to bottom drop of ~15% so matching the 2015 era would mean we have bottomed already.
Matching the 2018 era would mean an additional ~10% from the current price and would put us around 3800.
Matching the Covid era would be a disaster and would see us drop another 30% from here. The 35-40% peak to bottom drop would likely lineup at the 10 year moving average assuming it plays out the same (obviously it won't be exactly the same - these crashes are unpredictable)
My opinion is that a Covid type crash is not in the cards. Things are nowhere near as bleak as they were then and there would be a strong fiscal/monetary response before we even got there. Also, black swan events are unpredictable so there is no point doing anything in advance to predict them - you can't. 2018 is a somewhat similar scenario but the Repo market is not at risk like it was then. The fed is also being much more clear about rate hikes this time around and clarity is bullish.
I think the most similar scenario is 2015. We are seeing trouble in Europe after a recovery rally. Bonds look risky and everyone is calling for another crash. Earnings are still phenomenal and weak companies are getting flushed out without crashing the whole market.
Maybe we retest the 4100 lows or even 4000 but I don't think we'll see a huge drop below that. If we do, I think we'll see massive buying pressure around 3800 and bears will run out of bad news and buying power. For a rally look for decreasing VIX and volume and for the Fed to stick to a clear plan. This would be better for stock buying than options and the 2021 WSB guys could get crushed by talented stock pickers. Buy quality and hold long term.
[ETC/USD] Long term: What is the future of ETC?TREND:
Trending line has clear bearish tendencies since the end of February.
SUPPORT:
We are currently missing any major support line until around 2.662USD. Either we will create a new support by side action or we will fall in correlation with the trend line.
VOLUME:
Volume is proving to be not big enough for bulls. We can clearly see that bears are taking the lead. Should we see some change? If yes, then already mentioned side action is needed with higher highs.
RSI (100days):
It is currently on 42 (meaning of life?) which is not hugely oversold, therefore there is still lots of room for selling action.
Summary and prediction? I see ETC slowly falling down to the area of 2.662USD until the half/end of January.
If you agree, then your like is appreciated :)
Happy trading.
Front Curve Crude Light Volatility: Mar'22/Apr'22Upside vs Downside interchangeably for short or long risk exposure at current flat front CL1! price.
The IV stands at 73%, which is more conservative than the highlighted risk profile. Not a tradable setup; just for reference timeframes when looking for a bias.
The median line, from which the % change is measured, is derived by using the Inside Pitchfork tool; it is the least inclined from Pitchfork tools, provides a less aggressive slope for the long term outlook.
ADA Bulls came back into the game and aimed for key $1.0 level Cardano price reversed its downtrend and has been moving higher with the support of an ascending trendline.
ADA coin accumulated above 2022 year lows before recovery, indicating buyers' strong dominance.
The ADA coin is trading into the Ichimoku cloud in terms of the daily price graph.
Going by the ADA forecast, the bulls are once again targeting the psychological round of $1.0. Amidst the recovery, ADA appears to be in the Ichimoku Cloud (RedZone) in the context of the daily price chart, with the leading Span A acting as a bearish barrier. Besides, the key SAP B (present at 1.005) could influence the bullish trend.
The Relative Strength Index (RSI) is slowly moving up and is looking at 57-mark in the context of the daily price chart. The RSI is trading above the semi-line (50-mark) after a prolonged period; buyers can take advantage of this bullish breakout.
The Average Directional Index (ADX) is at 18-points, suggesting the slightly bullish momentum for the Cardano coin.
To the psychological level of $1.0, buyers may continue the recovery, and near $1.0, a pullback is likely to occur. Now it remains to be seen whether the bulls will be able to move above $1.0.
Support level - $0.80 and $0.50
Resistance level - $1.0 and $1.6