IZEA trade ideas
WATCHING $IZEA for ENTRY TARGET @ 2.47 for 55.06%WATCHING $IZEA for ENTRY TARGET @ 2.47 for 55.06%
I’m practicing to nail my entries even better… IF target hits I will look at this again and possibly take a position.
I’m adding this to my watchlist for next week but
Try me, y'all. I am still not your financial advisor but I do see a good swing here...
IZEA - Bullish on Bollinger Breakout with Unusual Volume.Just having a bit of a look around for possible breakout and quite like the look of this. Super speculative but has had some pretty good gains this year so far. Izea connects social media influencers with money (ie advertisers) which I think is quite an interesting business. Might be worth keeping an eye on just for something a bit different.
Possible continuation soon?Many technical indicators are pointing towards a continuation of the current uptrend. Company has solid potential with its shake app, which is adding influencers every week. IMO the influencer marketing space is only going to get bigger adding to the potential upside of IZEA.
But..
RSI has more room to fall before hitting oversold. The 50EMA is extended over the 100EMA and looking like it might want to reverse to the downside, and a bearish investorplace article was published recently.
What do you all think? I appreciate any comments or critiques, thanks for looking!
LONG IZEA to 6.23, Bullish SharkIZEA is trading off the highs of January after being rejected by historical resistance at 7.10
Bullish divergence on the MACD and bullish RSI gaining ground.
Currently trending toward our 1D resistance of $5.54, and seemed to have put in a double bottom above our previous weekly close but would not rule out a retest.
The bullish shark harmonic and the golden mean of the fib retracement both show confluence at 6.23.
That would be my personal target, however there is a solid gap (highlighted in green) on the weekly chart that we will likely give a run for the money before ultimately testing 7.10 once again.
9.59 would be an additional target on the upside above 7.10, further than that id be looking at 11.45
Not much in the way above the 12.00-16.00 range.
Volume has been gaining substatially the last 3 months, but like a lot of other assets last week, it was taken down a peg with all the other static going on.
MACD & RSI shows buyer exhaustion on the 1D, however the 4HR still looks like it has a little room
Although the RSI is relatively flat on the 4HR, it is trending above its medial range and shows clear bullish divergence and could be positioned to run with a retest.