UBER STUPOR!So, we are at the crossroads of two trend supports. An initial trend established early on and a later one defined by the recent higher lows. If we bounce that is strong support for a long, if we break both trends then its not. Simple dimple.
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Keep it clever!
Uber
UBER 1h Analysis Part 2 | July 10, 2019After breaking the EMA resistance with a small bull flag we've completed an inverse h&s and can project a 1:1 price action which coincides with our 0.5 fib level and T1 target of ~44.72 . A 1:1.618 action would take us to T2 ~45.43. If you viewed my charts and like them please let me know. If you have suggestions please leave some feedback so I can improve, thank you!
UBER 1h Analysis | July 10, 2019We broke out of the descending wedge. We are currently testing resistance on the 55 and 100 EMA, on successful breakout we could then test the 0.5 or 0.618 Fib retracement levels to reach our initial target of 44.8 then 45.5. Looking back and seeing our continued Higher High and Higher Low, we'll need to understand how strong the rebound is and monitor channels and trends to see if a retest of ATH is possible this month.
BTC & UBER - Are They deeply Interconnected and Intertwined ?The idea of Uber on mass accepting bitcoin has been floated before, though the public has partly been left in the dark.
something to think about : coinciding with the Uber IPO, BTC has rallied 100% +. Key support/resistance levels have broken.
Dara Khosrowshahi the Uber CEO is an early advocate of bitcoin .
Prominent beneficiaries of the IPO including Bill Gurley, Softbanks Masayoshi and others have all publicly been linked to bitcoin .
Original co founder of Uber Garret Camp is prominent in crypto & currently investing/utilizing the underlying technology.
There are dozens of articles linking the original Uber investors to digital currency. Will Uber be the avenue used to push crypto into the main stream.
Is it inevitable and/or imminent ? Let me know what you think.
$UBERNYSE:UBER Luego una trágica IPO, remonta hasta el precio máximo hasta el que llegó desde que se hizo pública el 10/05. Remontó hasta este valor y en mi opinión mañana irá a testear el precio máximo que tiene como resistencia al cual llegó el 06/06. Veremos donde cierra pero la apertura posiblemente sea sobre el precio soporte de 44,95 aproximadamente, zona que testeó 6 veces y que coincide con el precio máximo de la primera vela de esta empresa. Luego de ahí podría ir a testear máximos aunque hay posibilidad de que también abra a la baja y vaya a testear el soporte dinámico que coincidirá con el retroceso de Fibonacci de 0,236
UBER TECH ASCENDING TRIANGLE LONG BREAKOUT TRADEUber is in an ascending triangle chart pattern - bullish bias trade
Buy on daily close above 45.00
Use full-size position only if volume
breakout candle is at least average.
Otherwise, use 1/2 size as long as volume
is at least 75% of average.
Find your own SL & TPText
We are doing a live triangle trading class on our TTT Strategy June 25th @ 2PM ET! If you are interested in learning more about it, please visit the link you see below in our signature. Thanks!
UBER Move coming, ST Bottom within rangeLooking for Uber to push higher to the top of this range it's currently defining. New indicator I'm using here and there shows a bottom detected earlier today and some strength on the intraday at close.
Hoping we push above the Green line and on to $45.30 area. Still enjoying Uber price movement, IPOs are hard to predict but IP and Ubers expansion into other related industries makes me believe in them LT over other companies like LYFT.
Financials need to catch up to hype and current values but that obviously takes time. Hoping for more PT upgrades before next earnings.
GLTA
Bitcoin storming highs, ECB warns, & Fed preparesThe BTC cryptocurrency rate for the first time since May 2018 exceeded its highest level. The information Facebook Inc. has signed up more than a dozen companies including Visa Inc., Mastercard Inc., PayPal Holdings Inc., and Uber Technologies Inc. to back the new cryptocurrency that the social-media giant plans to unveil next week and launch next year.
We consider the cryptocurrency market reaction as inadequate and irrelevant to the importance of the event. Well, the news looks impressive, at first glance.: Visa Inc., Mastercard Inc., PayPal Holdings Inc., and Uber Technologies Inc. invested in cryptocurrency. It would seem that it takes CTC market to a new level.
But in fact, it does not. The amount of investment is about $ 10 million from each of the companies. Once again, not billions, but millions (!). On the scale of Visa or Mastercard, this is not even a mathematical error. That is, no revolution has taken place, and the current growth is making such a big deal out of everything. So we do not recommend to take the growth of cryptocurrency at face value. There is the trading proverb: “buy rumours, sell facts.” our advice is acting in accordance with it. So the growth of Bitcoin is a great opportunity for its sales, nothing more.
Meanwhile, The ECB confused euro buyers, saying that the Central Bank is ready to take action at any time. It is about both reducing interest rates and returning to quantitative easing in the Eurozone if it needed to support the economy. For the euro, this is so-so news, but again - these are just words. No actual action has been taken yet.
But in the United States, these actions could be committed on Wednesday, when the decision of the Federal Open Market Committee will be announced. So far, the markets are on the side of the unchanged rate, but there is a probability of decline, besides, comments are possible with instructions in favor of a rate reduction in July. But we will write more about it and what to do with the dollar tomorrow, that is, on the eve of the announcement of the Fed's verdict.
Our trading preferences for today: we will look for points for selling the US dollar primarily against the Japanese yen, as well as the euro and the pound, sell oil and the Russian ruble, and also buy gold.
LYFT Inverse H&S bullish breakoutPattern: Bullish breakout of inverse Head and Shoulders
Edge: No outside edge since this stock just IPO'd a few weeks ago. We are just trading the pattern.
Risk Management: Bought at $62.92. Stop below $58.52 (below the 20 day moving average). PT1 is $73, PT2 is $78 (gap fill), then open target for the remainder of the shares.