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GOOG now short but still long?Hey everyone, Google made it's way to ATH but now the party is over, at least for a short time. As you can see there is a SHS formation and the reaction was bad. But the stock will face a few support zones, as the yellow lines and the green box, as well as the Fibo Retracement, shows. The DEMA and SMA also show a short signal since friday. BUT chances are good google turns back long after hitting the green box. Entry: 1441$ Stop: 1400$ Goal: 1622$ Much fun with that trade! Leave a follow, my goal is 200 :)
NASDAQ:GOOG
by QuantinvestGER
XRP Bullish Descending Broadening Wedges XRP is not my favorite project but my investments are diversified and I think XRP is a category in and of itself (I'm here for the tech and wealth). This is not financial advice, only my opinions based off my personal research. Firstly I love Descending Broadening Wedges, they are very effective for calling bottoms, I have a chart where I called the absolute bottom of CRO which has been one of the top performers of 2020. I called CRO breaking out before it was announced as one of Teekas top 5 coins, and I did it with the pattern I am outlining now. Now what I am seeing is a set of Descending Broadening Wedges, a smaller one within a larger one. I am also seeing our price action on top of a important support, which is between .17458-.16656 (.16656 being the .236 of a down fib I plotted and the area I would put my stop loss under). It is interesting that our 1D candles have closed above the top of this support of .17458 ,which shows to have been a strong support historically, because our indicators also look bouncy in this area. The RSI hit 30.87 (Oversold),Our Stoch RSI has created a descending wedge and has flipped bullish to give us a hard buy signal today, MACD still shows selling pressure because it is reflecting the sell pressure we have already received (but I assume will flip soon). From a bearish prospective our price action is trading bellow the EMAs and we have been in a down trend for years, but I have some interesting information that indicates the bottom could be in for XRP. First on June 13 2020 the Poloniex BTC/XRP chart hit one of the strongest historic XRP supports and wicked extremely hard upward. Second if we do bounce significantly from this area through the major resistances above (The EMAs and tops of the Descending Broadening Wedges) then we will probably rocket upward based off the TA projections (1st Target .25 area / 2nd Target .30 area/ 3rd Target .34763/ 4th Target .49342). Third many things are happening within the Ripple/XRP world, some things I cannot bring up (Political moves being made within banks/Gov to garner Ripple/XRP support) not to mention the COVID19 need for digital currency, and lastly China/USA competition to be the first to control the 4th industrial revolution (CBDC, Reserve Currency, etc.). *Side Note watch BoA :)* (SHORT/ MEDIUM TERM) Oh yeah I really think institutions are looking for a back up plan, I think that they will use cryptocurrencies as a back up for when and if the stock market takes another drastic plunge. Meaning I could see institutions going deep into crypto and marketing cryptos on their platforms for retail traders and speculators to make Wall Street Money while stocks take a dive. Tons of money could flow into the crypto world, I don't see this as the endgame for XRP but I see it as the means to their end.
BITFINEX:XRPUSDLong
by Tachycardia
Sell on GBPAUD after Hitting Resistance inside ChannelHello my fellow traders, hope you'll be making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. The pair is moving in Ascending channel from a long time now. As we can see that it has hit its channel resistance so as per our analysis it will fall till its channel support. Let us know your views on this in the comment section. Thank you all. There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Short
by Ryan_lopes
Sell on EURGBP (With TP and SL)Hello my fellow traders, hope you'll making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see that the pair is moving in downward direction. It did not break its trend line resistance. So as per our analysis the pair will continue to fall till it hits the support line. One can short the trade from here TP-0.86887 and SL-0.89545 Let us know your views on this in the comment section. Thank you all. There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Short
by Ryan_lopes
Matic Network Descending Channel Bullish break out soon. 1DChartThis is my personal analysis not trading advice. I have drawn an "Up Fib" from the inception of the Matic chart to show key support and resistance, you can see now that we are currently hitting resistance for several reasons but I will explain why this is not an issue. First we see that we are butting up against the .5 resistance of the up fib and also the resistance of the descending channel drawn out in red lines. This is current key resistance but there are many indicators suggesting we break these resistances soon. If we look at my indicators at the bottom of the chart we see the RSI at 56 which is neutral yet pointing upward, the MACD histogram is showing selling pressure subsiding and the signal looks to want to cross up and above the MACD. Also our daily Stochs RSI indicator gave us a buy signal on the 18th and is pointing up up and away. It is also important to note that we have found support upon an ascending trend line since Dec 18th 2019, which makes our current support very strong. Our candles are currently above the EMAs and specifically above the cyan 21D EMA. On Feb 16th we bounced off the key support of the green 100D EMA/ Long term ascending trend line/ .618/ and the bottom of the descending channel. Now in regards to the descending channel we must know that statistically speaking we generally break out up and above from these type of channels. They are generally bearish in the short term as we see the price action ping pong lower but in this case we note that there are so many points to indicate that we break upward soon. My next target would be around .027 cents at the next key breakout resistance which is the .382 of the up fib. The main occurrence that would make me bearish would be a break down from the ascending trend line that we have found support on since Dec 18th of 2019. Fundamentally speaking we must also note that the Matic Network team is about to complete huge parts of their road map like their Mainnet and staking delegation features. There is also a lot of buzz surrounding a soon Coinbase Pro listing and possibly Binance US listing because we recently saw a Coinbase Custody listing which proves that the Matic token is cleared in the US from a regulatory stance. We also know that there are many Ethereum projects waiting to deploy on the Matic Network after mainnet completion and these are not just any ordinary Dapps but Dapps much sought after. Also we saw that Bob Summerwill of ETC is looking to have the Matic Network scail their Ethereum Classic project meaning Matic may soon be a second layer scailing solution for ETC also soon. There is so much more but I cannot share everything so keep your eyes peeled :)
MLong
by Tachycardia
1
EUR/NZD likely to continue up next weeks!EUR/NZD saw a huge spike last week reaching back inside the upward channel. The latest risk-off sentiment hurt NZD and other risk-on currencies driving them lower against its rivals. So far that is the main fundamental driver so far since NZD recovered a lot after RBNZ's last surprise cut and economic recovery setting them on a more neutral stance for a while. Short to mid-term going long on this pair makes sense, or as long as sentiment prevails on the risk-off side. By secular analysis, kiwi is somewhere in the middle ground between the most undercrowded and overcrowded currencies, giving me a clue that some extra upside might be limited for an extended period. Entries are still to be made since market makers can make a significant gap in case of new emergency news! As it is instructed in the chart pullback can be considered as a better entry in anticipation of the next resistance breakout! But I would wait for new high, therefore new safe entry!
Long
by fxmonarchy
ADA LONGWith Bitcoin looking to take a stab upwards in it's consolidation structure, we may see some alt coins try to keep up. In this case Cardano looks primed to move with BTC nicely, we can see the 21 (Cyan Line) exponential wanting to cross up and above the 50 (Red Line) exponential at the same time that our MACD is showing buying pressure, suggesting that we will see the cross. This cross will spur bots to buying action in most cases and retail will generally follow trying to jump in with tether. Also we can take a look at the VPVR which indicates that we have some support in our current levels and the RSI is pretty neutral allowing for the freedom upwards. Not to mention that ADA recently broke upwards out of it's descending wedge feebly, yet still out of the downward spiral indicating that bulls are trying to make moves. So what are some potential targets from here... Since we are looking at our 4hr USD chart I would suggest looking at the exponential moving averages (EMAs).. 1st Target around .063 cents (Price action to meet some possible resistance around the 100EMA ) 2nd Target around .069 cents (Price action to meet some possible resistance around the 200EMA ) 3rd Target between .076-.079 cents based off the VPVR and other lines that can be drawn based off the structure to the left. Remember Bitcoin is consolidating downward so our micro trend is slightly bearish so as we meet higher targets it would be best to reevaluate and be more cautious. Also If bitcoin takes a massive leap upwards/downwards this could end the alt coins trajectory upward. Just some things to think about. SL set
KRAKEN:ADAUSDLong
by Tachycardia
1
Bullish on MATIC chartWELL WELL WELL, most people would look at a chart like this and run, not me. Let's break this down like always from a TA/FA point of view. Remember my last MATIC call exceeded all my targets. I must explain that even though this looks like a cup and handle it is not based off old school TA, though it may still result and be traded like a C&H if we rally hard. TA: Firstly the 1D chart does not fully show you what is happening on the smaller time frames, and what you see on smaller time frames can easily transition into the medium to larger time frames as long as Bitcoin holds steady. The smaller time frames moving averages are starting to cross up and over each other indicating that there are bullish tremors even after the concentrated leveraged short attack. Also on the 1D chart we see the MACD indicating that selling pressure is subsiding. The Stoch RSI looks to give a definitive buy signal soon, and the RSI is oversold looking as if there is a little more room for downside. The indicators give us an overall bullish sentiment (at least for a relief rally), though caution should be held due to BTC ( my stops are set if trading). Lastly we are sitting upon the 200 D EMA, and sure this is a new chart and the moving average does not have much data but the area is still support. FA: NOTHING has changed in regards to the team and the amazing tech and dedication that is being put forth. They have been cleared of all suspicion and have explained everything in depth via multiple AMAs/ Interviews. They're looking to finish the year completing 50+ hackathons, which is 3 to 4 times as many as most teams do in a year. They are on schedule for staking (soon), and the Main Net should be completed Q1 of next year. Of course there is massive speculation that Coinbase will list MATIC because Coinbase is an initial investor in the project. There are already many top tier projects experimenting and building upon MATIC and this will only increase greatly after the Main Net. Essentially there is plenty of news to keep this project in the spotlight in 2020, being that it is the most widely adopted and successful L2 helping Ethereum with scailability. Many people are fearful and that makes me bullish. Great traders say, " Be fearful when others are greedy, be greedy when others are fearful". i don't like greed but I understand the concept.
MLong
by Tachycardia
5
USDCHFAveiq Capital Management Group 25th November 2019 The pair has been in an overall uptrend followed by a break of the weekly trendline. We had a retest of that trendline which can be confirmation of a trend change. We are now predicting order collection in this area which can be identified as a strong liquidity zone. In addition to this, we have had three retests of this area which is enough confirmation for sellers to take control. We are targeting the 0.97 area, giving us a yield of 3%.
Short
by AveiqCapital
USDCHFAveiq Capital Management Group 20th November 2019 Currently, USDCHF is controlled by bullish sentiment. We have been in a daily uptrend. However, we had a break of the daily trendline on 17th October 2019. Price has retested the trendline twice showing that there is a lot of buyers in the market. We have found support at the 0.985 area which is in line with the minor trendline, indicating liquidity grab to further push this currency to the upside. We are now looking to target the previous high as there is a lot of confirmation of buyers in this market. We also have an inverse H&S pattern on the 4HR timeframe. We are targeting a yield of 1%.
Long
by AveiqCapital