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$JKS Head & Shoulders - Downside Incoming?Looking at this Head and Shoulders pattern from mid August to present, also note the double top in last July and November. Solar sector as a whole is getting beat up everywhere at the moment, and it feels like the writing is on the wall here for $JKS Their earnings are coming up at the start of March, so I feel there is a danger we catch a little bounce here and consolidate 'til then. However - the setup is here, and I don't want to miss it I don't really want to see price back above $41. In fact, ideal situation tomorrow is that we get a little upwards move on the market early in the day, and I can find an good entry for a put position whilst price is above $40, with $41 as the stop. If price needs to consolidate and range a little whilst the Market digests this week's upcoming big earnings, then above $41 I don't wanna be involved in the decision making, and would rather take the trade on the breakdown rather than in anticipation if that ends up being the case. I'm going to be going for March expiry , and I'm going to be going ITM for the main swing position. If we get clear breakdown below $39.00 with conviction then I might day trade weeklies simultaneously and just zone in on $JKS all week. I'd like the flexibility of letting the swing position run and breathe (whilst trend remains) and trying to take scalps/day trades on weeklies. I've recently had great initial put entries on MTTR, FCEL, and back a little while longer ago on BNED - and each time I didn't show enough patience to hold my puts through long enough and I didn't capitalise nearly as much as I should have on these massive downward runs No distinct concrete target, but I'd like at least $36.00 and even down to $32.00 I don't think is out of realm of possibility. I think anywhere below that we'll have to be on alert for a bounce around $30 region. But we'll play it as it comes. Hoping to nail this one. But willing to be wrong . Will add to this post tomorrow if I take an entry, with what I bought, when I bought, and for what price. *this is not Financial Advice, and is merely my opinion and idea*
NYSE:JKSShort
by llbtrader5
6
Bearish Day Rejected in $42720Weekly Timeframe candle is trying to break the Ichimoku cloud inside. to open up more to the downside. Area of bounce is $41300, and $38691. Area of rejection is $44743. Daily Timeframe Daily timeframe is still bearish. below ema ribbon and Ichimoku cloud. Area of bounce $41300 and $38691. Area of rejection $44743. 4H Timeframe. In Fibonacci Retracement. 0.382 $41484 is where we would most likely get a bounce to the upside. It will also get a rejection in the area of 0.5 $42051 as it fits well in Ichimoku cloud Senkou B. next area of resistance is 0.618 $42617 and the area where we would most likely get a rejection is $44743.
FTX:BTCPERPShort
by pogi1234
Massive Ascending Broadening Wedge Could be FormingThis is my very first post. Don't be too harsh on me :) I think volume in trading Bitcoin has shown us a potential followup in downward pressure. Even some institutional investors have called further downside in the coming months of the year. Looking at this chart on the Daily timeframe, there are several indicators that point to downward pressure in the mid to long term. This coupled with these two big trend lines that are essentially sandwiching the price, potentially forming an ascending broadening wedge. This is of course on algorithmic levels, as market movers and on-chain data could make anything happen. What do you guys think?
BITSTAMP:BTCUSD
by SimColm
2
BTC 2D Chart 200 EMA SMA DOWNSIDE BULLISH TARGETSINDEX:BTCUSD It is quite easy to see that these two moving averages are playing a new role of support for the recent price action of BTC(past 2-3 years or so). Before this there was a point where it support the dead cat bounce of 2017 and the low after the local peak of 2013. If these moving averages continue their support of the bull run, here are the current price targets... Fibonacci Correlated? The 1.272 target is very well placed within the SMA-EMA target, confirming our analysis. Conclusion However this doesn't mean that BTC has to reach these targets. We could very well stop just before the previous low of 45k or trickle down to the first wick low of 42k; like BTC did during summer. So take it with a grain of salt and perhaps think of these targets as possible buying opportunity or opening longs; rather than shorting from 47k.
INDEX:BTCUSDLong
by KaynakiKaymaki
2
BITCOIN - Bearish Divergence in VolumeBitcoin Uptrend is still intact, but the volume is decreasing. I'm not the only one who sees it. and even with other indicators there is also a bearish divergence to be seen, like RSI and MACD. however bitcoin is still on Upside trend, but we must not only look at the upside trend, we must also look at its possibility in the downside trend. "TA is just a probabilistic analysis- not certainty. Everything is possible. The analysis just points to what is likely probable. TA is not 100% correct." - George Tan
BITSTAMP:BTCUSD
by Damako
1
METX, Some downside to come? It's looking like METX might be heading down to under .3600, The day chart doesn't look the best, and the cracks are starting to show on the smaller time frames. I'd probably look to sell tomorrow (Nov 19th) or next week (NOV 22nd), hopefully around .4820-.4900, HOWEVER, I really have no idea if it will get there, and that's more of a personal opinion. Here are some key numbers to watch for SHORT TERM KEY NUMBERS .4333-.4336 .4585-.4595 SELL RANGE 1 .4900-.5100 BUY RANGE 1 (SHORT TERM) .3699-.3777 SELL RANGE 2 .4225-.4333 OR .4444-.4585 BUY RANGE 2 (LONG ENTRY) .3444-.3600
MShort
by nicktussing77
APPLE DISTRIBUTION SCHEMATICS!Hello my beauties. Apple is in a distibution phase, right before the markdown. I will wait on a successful retest of the trading range, and sell. The arrow doesn't indicate the actual price target, rather an idea of the direction of the upcoming trend. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NASDAQ:AAPLShort
by TrickleDownFX
Re distribution Next event!Welcome to thunderboy21 technical analysis, Here you see 2 parts on the chart that are very similar to each other, as i have said is my previous Post i was looking at this fractal from above distribution and projected it on this price action. i shorted the top via this fractal for a 20% move down ( Did not expect that fast ) i think this is just going to play out, first on the rise up to 49k ish everyone gets ultra bullish and fomo longs, only to sell into the bigger sell orders that are waiting at these levels. in the next post i will post the picture of this .618 - .66 fib with all the confluence i found! Make sure you check it out! SMASH that like button ! Follow for more great insights! that is thunderboy21 signing out
BYBIT:BTCUSD.PShort
by Thunderboy21
2
ADAUSD Stagnant At SupportSo I am currently neutral on ADA at the moment. We are sitting at a point where ADA is showing bearish signals but there has not been a confirmation of a lower low yet. The price is sitting at a support which normally brings buying power from bulls, yet we see nothing. The problem is the lack of a higher high. Bulls do not feel comfortable buying at the highest support level with no confirmed higher high and because of this bears are starting to take control. However, this can always change, but there will need to be a signal to the bulls that brighter days are ahead. I believe a price move is right around the corner. Obviously, I have alerts set all over the place just in case I miss something and you should too. Personally, I think we are going to see a lower low soon. However, there is always the chance that news will come out and change the sentiment and give the bulls revitalized momentum. The important things to note from this chart are: there is less and less buying power at the support level, the price is riding the slumped 200MA, the price is trading sideways, we have lower highs, a price move is likely around the corner. If you want more details on why I feel this way, take a look at my breakdown of the 1D chart in my last post. Keep in mind this isn't the end of the world for ADA, pullbacks happen all the time and trends shift. This is completely normal for the price movement of any asset. To be quite honest, I look forward to new buying opportunities. I plan on holding ADA for at least 5 years so if I can add to my collection at a decent price, so be it. I should also mention that the crypto market as a whole does not look bad at all. I believe the bearish sentiment towards crypto has been weakening as time passes by, but I will get more into that at another time. Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
21
Current Downside TargetThe hash ribbons indicator which is very rare to happen has already lit up into buying signal and after days of green candles, I suspect and hope (actually) for a better leg up in a retracement of BTC's current price. My good case retracement scenario is BTC testing the 41K level as it is the price where the blue downward slope and as 41K price level is around 0.5 Fibonacci level from the newest daily low (37.3K-ish) up to the highest point (45.3K-ish). (This price might be a good time to go long in trades and take profit quickly after meeting the resistance around 42k-43k). #Not a Financial Advisor If it broke down, we will see a test around 36K level, and from that point, it's best to continue watching BTC price movement as this is the second to last support level. The last support level in a very worst-case scenario according to my analysis is around 32.2K which is accidentally the same as the 1.6 fib level and CME level. So yeah, This is my current price analysis of the downside level that BTC can put its leg up to... Looking forward to seeing your comments and what you think will likely happen according to your analysis... THX
BITSTAMP:BTCUSD
by ZombieGod11
DOGE - Risk Management CommentaryOn average, the Cost Basis for DOGE Coin is less than $0.02. Because, no more than around 10% of DOGE capitalisation has been actively traded, downside can be as low as $0.02 - with very little resistance straight down to the 'floor' The tell-tale sign of a break is when existing long traders (at their current break-even point or currently experiencing losses ) - finally throw in the towel and square-up their positions, or worse case, miners etc., those who have a cost basis at much lower prices, dump their inventory - for them at the current price, that's still a very attractive return and still a very real possibility. Of course the inverse is also true - but subject to 'tweet risk' - a different risk driver. So be aware, and plan your risk management accordingly! Good Luck !
BITTREX:DOGEUSD
by Adam-Cox