Shorting Watch Party Tesla is due for a major correction but there could be quite some time until that happens. I am looking at the weekly candle for this analysis and I still see room for growth. Bollinger bands have not given a sell signal yet. RSI is capable of going much higher, and MACD shows room for growth. Once I get a sell signal on the weekly. I will be shorting Tesla's correction. I will be updating this daily. ( days the market is open ) and constantly updating the weekly candle chart and as soon as I get a sell signal, I will be shorting.
Macdivergence
Almost A BuyAfter an earnings defeat, Zoom is almost a buy again. There are many indicators that explain why I believe it still has room to fall.
I see Zoom hitting or nearing a previous low of $366. Here are the indicators that support my thesis.
MACD: Shows weakening bull strength giving the bears more opportunity to take over as the stock continues to trend down.
Divergence+: Shows no sign of bearish divergence and I believe the stock still has room to fall before retesting a new support
Bollinger Bands: Show that the stock is still at a strong buying point, but trending downward which supports the value to decrease
Kurotoga Cloud: With the candles just falling below the cloud, which shows support and resistance, we can see that a bear cycle is about to start.
Once MACD starts to trend up and bullish divergence grows, I will be buying in.
#GOLD - 1H - What price doesn't reveal. BARRICK GOLD CORPORATION.
Sometimes, price doesn't reveal all the information that the markets might tell. And then, we have to recur to other indicators like volume and hidden divergences.
In this case, we can observe that GOLD (company and metal as well too) have suffered a big hit after or in consequence of US Elections. Down almost -23% since November 6th.
From November 11th to November 24th, the price continued falling but this time, MACD formed ascending minimums. This type of correlation is known as bullish divergences (See pink arrows). Also, if we take a look at volume, there's a MASSIVE amount of operations on November 25th . This type of volume hasn't been seen since March when GOLD started its bullish rally.
The most curious about this session is that this volume took place in a tiny candle with almost none price variation and really near to support. This could be a clear sign of consolidation.
On the other side, GOLD (Metal) is showing signs that bears are no longer in control and price suddenly stopped at USD 1.800 per Oz.
We might spect lateralization with high volume over the next sessions. Then, once the price breaks USD 23.5, we can confirm our hypothesis and open a long position.
OXTUSD: Possible Cup & Handle Pattern FormingHello Traders, we may be seeing a possible cup and handle pattern forming if we hit resistance at the .30 price point. A price movement upwards would be expected upon a successful break of the .30. I've highlighted a few TP price points I will be eyeing as this plays out.
MACD just crossed on the 4Hour.
Very interesting movement. This one has a few different options. So keep tight stop losses and conservative Take Profits.
NZDUSD - Bearish Crab - ShortFX:NZDUSD
A bearish Crab Harmonic pattern has formed on the kiwi-dollar.
We have a 0.618 point B (within 3% margin)
We have a Potential Reversal Zone (PRZ) of 1.618 XA & 3.14 BC at point D.
PRZ connects with resistance line (dotted).
Trade Entry:
On a 4H chart we see a MACD divergence.
Look for reversal candle to form to enter the trade.
Stop loss at 2.0 XA
Take Profit 1 at 38.2% AD
Take Profit 2 at 61.8 AD
Happy Trading!
XAUUSD Technical Analysis 20201123OANDA:XAUUSD
Take at your own risk:
Gold has officially broken through the 1860 Support.
Gold is now in a downtrend in 4H as it has formed a LL and LH in 4H TF.
Daily TF is showing a potential Supply & Demand Area between 1818 and 1875 where Volume Traders and Institutional Traders might come in.
4H TF is showing Divergence in MACD.
BABA Dip Buy Blink WinAlibaba should dip at the open on Wednesday based on the Bollinger Bands, and MACD. However if you look at bearish volume on the MACD you can see it declining. We are getting set up for upward potential. We are far from the moving average and resistance according to the Kurutoga cloud. Moving average is $271 while resistance is $282. These are accurate but Alibaba has the potential to outperform these numbers in the coming weeks. I look to Triple my BABA Call position during the dip tomorrow. IF THERE IS ONE. My predictions are just predictions, I am not an expert. I have been doing well though if you look at my past work. You will see my big wins and fails. Having a great time trading and I am very impressed with all the feedback I received on my first post about BABA. Follow for more and share your thoughts in the comments. I will update those following on my position. MEGA profits ahead of us!
RVN slow and easy move!With a lot of correction I am bullish on this coin. it has shown us before that has an unpredictable manner. RSI dipped enough and MACD is turning into green. so I expect that it must touch the edge of KOMO cloud. candles got very far away from the cloud an it must get itself to the edge. so it must go up to the range 250-260 in few weeks.
UBER Over Bought UBER is extremely overbought. Here is a breakdown of the technical indicators and my plan.
With an RSI of 91.04 for the last 14 two hour candles it's a given that UBER is madly overbought.
However, Bollinger bands have not crossed in a downward direction giving a sell signal, and the MACD shows some room to grow still. Unless the downward curve happens during the first two hours of Mondays open.
This stock remains on my watchlist and I will most likely be shorting once I get a sell signal on both the Bollinger Bands and MACD.
will the dyx keep its up trend into the elections?price is stalling at the top of those moving averages but it may move down to test resistance at the line drawn lets see how price reacts to this channel. macd shows that even though theres a bearish cross, the price is still above the hull cross over. this may indicate continuation any thoughts?
CRV - Intro:
Launched in Jan 2020, Curve is a blockchain-based platform for exchanging Ether-based stablecoins safely and securely. Michael Egorov, the founder of the protocol, recently told DeFi Prime that Curve is “an exchange expressly designed for stablecoins and Bitcoin tokens on Ethereum.” - medium.com
Curve is one of the most interesting DeFi products to enter the space. With its groundbreaking approaches like the AMM algorithm to provide liquidity, and it’s successful avoidance of the impermanent loss problem, Curve is a project set for greater heights.
Curve Finance began as a crypto swapping platform, offering traders low slippage trades across major stable coins. The team behind Curve are far from newcomers: Its founder continues to work on NuCypher, an encryption protocol for smart contracts
Curve Finance began as one of the most efficient stable coin swapping protocols in DeFi. Now, with a governance token in the works, it has become one of the most popular projects in the space. Following the launch of various tokens like COMP, BAL, and YFI, DeFiers are eager to get their hands on Curve’s CRV token.
Above-average institutional (managed money) sized volume around .45-.55 so far. CURVE HAS FOUND A BID!! WOoAAAAH!!