Vpvr
ETHBTC inverted head and shoulders updateETHUSD has shown a lot of strength today and so I think an update of my ETHBTC inverted head and shoulders post from a few weeks ago is warranted. It is my hope that we don't perform just yet so I can get more time to enter my position but if the gains just go insane from here I might find a way to cope with that. The price action is stalling at wedge resistance so we may have more time still. From the neckline we would have an absolutely crazy two to three months so you don't need to rush and this overall bull market could last over 5 years so you don't need to short circuit your brain with high margin trades.
The inverted head and shoulders gives traders a lot of potential entries into their trades or for investors to add to their positions
Break out of the wedge
Retest of wedge resistance as support
Break of of the neckline
Retest of neckline as support
Of course, if ETH is impulsive enough against both USD and BTC then these retest may not happen.
The Visible Range of the chart is set to the break of consolidation in 2017 to show the blow off top and latest consolidation. This shows high volume node confirming the neckline as well as a low volume node above that price action can slice though. The target shown by the cloned Hight bar is in a low volume node and this suggest either underperformance or over performance in the green box. There is some activity to the VPVR at .050 so I would not be surprised if we see some flagpole consolidation and then performance around that area. A flagpole performance there makes it more likely price reaches 0.072
Going to the weekly the 50 is below the 200 and so we should be watching for the eventual golden cross. The Average True range is a great tool to find local bottoms and this double bottom at all time lows from earlier in the year within this inverted head and shoulders structure suggest the time to accumulate is now. I personally intend to shovel as much money as I can into eth while ethbtc is below the 200w
A higher timeframe shows that the price action is finding support on the 20 month SMA (which is the monthly bollinger band baseline) and the neckline of the head and shoulders is the 50 week SMA. The stochastic RSI is poise for a potential bullish cross and the RSI has a lot of room to run. The Stochastic RSI by itself doesn't give us a signal but a cross and the K going into overbought would be very bullish. The MACD is a little inconclusive but should this structure perform the MACD will go above zero and that monthly signal flipping will change the bias of a lot of traders (and algos).
Please review the linked idea from Dec 21s where I first posted on this. I think I recognized it a week or two before that but it took me a week or so to find the time to write a post up. I don't ask often, but I think this one is worth a share to anyone you want to help make money.
USD/JPY 🇺🇸🇯🇵 to bounce from the bottomw trendUSD/JPY 🇺🇸🇯🇵 has been moving within the Falling Wedge. Overall , the situation looks like the pair can spike very well if the indicated levels will not reject the price.
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BTCUSD Possible ShortWe are currently in this descending triangle pattern, if we break to the downside we have a measure move pointing to 24815, which lines up with an accumulation of the previous trend, so if we break this descending triangle support and retest it, i would enter shorts to target 24815
NZDCHF Intraday Accumulation SetupBuyers were accumulating Orders in the range i was pointing at, from there strong buying activity started, now we are revisiting this area where most volume has been done at 0.63000, i expect buyers from the range to defend their orders at 0.63000 and push prices higher
AUD/NZD🇦🇺 🇳🇿 to try breakoing out from the WedgeLet's take a look at AUD/NZD🇦🇺 🇳🇿 from a slightly different perspective. We can see the formation of the Rising Wedge pattern with the recent rejection from the top trendline. As the RSI divergence suggest the price can take another direction and breakout from the Wedge.
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EUR/JPY🇪🇺 🇯🇵 to decline!EUR/JPY🇪🇺 🇯🇵 is pulling back from he Resistance zone. The price is likely to decline further according to the Bollinger Bands and if the 0.90115 lvl is broken the the pair can fall even deeper.
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GBP/JPY 🇬🇧🇯🇵 to RISE!Zooming the GBP/JPY 🇬🇧🇯🇵 we see that the Ascending Triangle is formed. The resistance recently has been tested for the 3rd time , thus we can expect the upcoming breakout. The 200 MA indicating the Uptrend , thus we shall expect the rise!
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NNDM fear emerges Like the title says and everyone knows there was some crazy stuff that has happen. Disclaimer I took profit at the start of the day, after watching a video saying technically we are at ath, since tradingview didn't take in account of splits for this stock, so no idea if thats true, but sold for a pullback to $6. Now I don't know if that was luck, but that afternoon a "fake" sec filling was filled for another offering at $5. Now I didn't see, but hearing about it, it scratched my head. Then it was debunk, yet ironically a real sec filling was filed for a $5 nis par per a share. Now this means, yes they can do another offering in the next 2-3 years for $5, yet someone told me it could be higher, since par is the lowest amount it can be. What gets me in this offering why not put $6, since we were building support till our push to $7. At the same time ARKQ, bought over a million shares on that sub $5 drop probably knowing about this sec filling. We can safe to say is that going sub $5 is very unlikely at this point, but if it does we buy it.
News
-New Sec filling suggest they can do more offerings in the next 2-3 years. With price of a share as low as $5?
TA
-Now after market created a massive gap between 7.48-6.88 with us ending on 7.14. Clearly TA is gonna be messy, but we can safe to say this isn't a buy atm and just a hold. A 30% correction from the high atm is at 5.44.
-MACD leans bearish with the crossover and as the red candles on the macd are getting larger, we could see this $6 or even sub $6 next week.
-RSI on the other hand is above 47.77, but has room to go down and test it.
-Strong vpvr levels at 6.37 as our major support and ema is at 6.59, but BB screeches as low as 5.74
Final thoughts
I put this stock as a hold until investors figure out what to do. Investors don't like offerings after offerings and even though this one wont go into effect until next year, it still may piss off investors. For now I'll wait to rebuy until I see strong sideways movement or a test or the low $6 or if it hits sub $6 I'll buy.
GBP/JPY 🇬🇧🇯🇵 to Decline!GBP/JPY 🇬🇧🇯🇵 is moving within the Ascending Triangle pattern. The price still cannot break the resistance and According to Stochastic divergence the price is most probably is going to decline down to the 137.716 level.
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GBP/AUD🇬🇧🇦🇺 to test the Resistance!GBP/AUD🇬🇧🇦🇺 has formed the Symmetrical Wedge pattern. Recently , the price has moving within the sideway channel and we just can see that the bounce from support was followed by the bounce from the bottom trendline. The midline is crossed and the ROT is indicating - to + swing , so we can expect the rise up to the resistance area.
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BCO/USD ( Brent Crude Oil ) 🛢💵 to RISE!BCO/USD ( Brent Crude Oil ) 🛢💵 has just broken out from the bullish flag. The ROT - to + swing suggest that the price can rise up to the 48.899 Resistance.
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EUR/NZD 🇪🇺🇳🇿 to Pullback!EUR/NZD 🇪🇺🇳🇿 is moving within the falling wedge pattern. The price is testing the top descending resistance and according to RSI it is not supposed to be rejected and will pullback from from the Bollinger Band Upper.
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USD/CAD🇺🇸🇨🇦 to bounce!At the moment , USD/CAD🇺🇸🇨🇦 is lying on the 2 strong support. The bounce here is quite likely as ROT and Stochastic suggest. The pair is expected to test the channel's resistance.
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AUD/NZD 🇦🇺🇳🇿 to break from the falling wedge!AUD/NZD 🇦🇺🇳🇿 is about to leave the falling wedge pattern. The deep RSI oversold suggest that the price most probably going to spike.
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NNDM 's new price targetsNNDM continues to rise with people in disbelief, so whats next? Well it is fact that we will get another offering by the end of December, but at what price? As of now it would look like at a 5-6 dollar target is likely, but what if we continue to run up, will it change the offering price? The higer the price gets the dilution drops, since the last offering will be worth 50million dollars. Let's say we hit 12 dollars and they do an offering at 10 dollars, this will cause a 5million share dilution, but if they do it at 5 dollars it will be a 10million share dilution, so we want a higher price before the end of December. Insitutions on the other hand don't want a higher price since they want more shares. Now looking at the chart it looks pretty dam bullish with good pull backs that only last a day.
News:
ARKQ bought 1million shares on the 24% drop on the Friday before. Also the other 3d company they held a large position in, SYNOPSYS, has dropped alot in their portfolio with NNDM now a head of them. SYNOPSYS is worth over 200 dollars a share.
Another investment firm known as CVI bought 5million shares on Wednesday, but they aren't as big as ARKQ with a portfolio slighly below a billion dollars in holdings. Besides that not much info on them.
Their last offering of 100million dollars would be used to buy out another company.
Rumor is start of q1, nndm will partner up with a major defense company
TA
-We are holding above the 47.77 on the RSI which is bullish and could be seen on both hourly and 5min chart.
-On both the hourly and 5min we are bouncing off of the 50ema, which shows we are in a bullish market and bears will get slaughterd.
-MACD looking prime for a crossover with Monday leaning green.
-Next is price targets. Not much to go off, but these targets are based on hits from the dump in nndm stock in the past. First target is to break 6.99, than we have a high chance of hitting 8.16. Next is 9.53 and after that 12.38. If you are on desktop I do have two more which are at 19.14 and 28.79. Again to come up with these targets, the candle sticks would have to have gone sideways or touch atlest 3 times to be known as an area of interest.
Final thoughts
I remain bullish and own over 1200shares and will keep buying with more bullish institutions coming live. It is very possible next year this stock will be worth over hindered dollars a share.
USDJPY Local S/R| .382 Fibonacci| Untapped Liquidity| 200 MA Evening Traders,
Today’s analysis – USDJPY- trading below Local S/R where a bearish retest is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Resistance (.382 Fibonacci Confluence)
- Untapped Liquidity Target
- Valid Volume Climax
USDJPY’s immediate price action is impulsive under Local S/R, this allows us to have a bearish bias on the market.
The Local S/R is in confluence with the .382 Fibonacci, a back test here is probable allowing for a short entry.
Untapped liquidity being the target, respecting this area is critical, failure will increase further bearish targets.
There is a valid volume climax at play, price action follow through is needed with sustained volume from the bull side.
Overall, in my opinion, USDJPY is a valid short with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps!
Thank you for following my work!
And remember,
“If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.” – Mark Douglas
NZD/USD🇳🇿 🇺🇸 to FALL!NZD/USD🇳🇿 🇺🇸 is looking quite bearish here. After the strong and steep uptrend we see the Three Black Crows candlestick pattern together with the already declining (after the crossover) Stochastic indicator.
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CAD/CHF 🇨🇦🇨🇭 to rbeak fromt he Triangle.CAD/CHF 🇨🇦🇨🇭 is moving within Ascending Triangle. If the 0.382 Fib level will hold the outbreak is highly possible as the ROT is showing here.
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GBP/USD🇬🇧 🇺🇸 to pullback!Well done with +153 profits on the long setup for GBP/USD🇬🇧 🇺🇸. The spike most probably a fakeout and the pair is expected to return into the megaphone as Stochastic with RSI are suggesting.
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