As you can see from the chart DKNG bounced at a strong support area that was established back in Feb 2020 - April 2020. We can see that shortly after this bounce occurred there is a strong indication of a bullish macd crossover in unison with RSI moving out of oversold territory. On the 1 day chart we can see that DKNG is now in an ascending price channel and I...
Hello Friends! I think this selling might be coming to an end soon. I’m looking to add at the $217 - $207 zone. This would be a long hold for me. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
Hello Friends! VRM has been on a downtrend for a while. Now it’s oversold on the daily, weekly, and monthly. It’s been consolidating in the $7 to $8 zone. A move past $8.18 with volume might setup a nice move to $9.77 and then $11.64. Be careful with this trade, especially when their earnings is around the corner (Feb. 28). As always thanks for your follows,...
Having Received countless of Approach on How I look at the Market to gain the Right Directional Bias, here I laid it out bear for your digestion. I will like to say thank you for reading all my previous post and do not hesitate to comment or ask question. TOP DOWN ANALYSIS APPROACH This makes it easier to know which Direction you want to plan your trade in...
Hello everyone, if you like the idea, do not forget to support with a like and follow. Here is the top-down analysis for IDEA, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello Traders Here is a new BUY Scenario, nzd is quite oversold but usd is still strong i expect a retracement or reversal around this area 65.700 - 65.800 In this area there is a strong support, but another analysis will come later if necessary ✅ NZD/USD BUY @0.65700 - 0.65800 TP1 @0.65900 TP2 @0.66100 TP3 @0.66300 SL @0.65000 JamdeJam will not accept any...
I believe this should squeeze to 4 area. Because it's way oversold at this point. We might even break the channel and make a new one. Because if it keeps dropping like this it will be bankrupt in not even few months. Which seems unlikely to me.
The rsi is very oversold. We should be in for a short bounce but it might not be meaningful in this weak tech market. However it's probably not a bad area here to start averaging down.
I rally like Palantir at this spot, backtest of the pattern completion zone of the harmonic in the 4h chart. Daily chart RSI is at 16, poised for some kind of bounce. Buy in, TP's and Stopp Loss as in the chart. Good luck out there! Like, Comment and subscribe pls! :)
HD catching my eye here after it bounced off the long-term uptrend it has been holding- Currently sitting right on its 200-day EMA, seemingly looking to reclaim and close above the .786 FIB level, MACD cross on the 4-hour, forming a big symmetrical triangle while also starting to break out of a falling wedge on the hourly timeframe. Additionally, HD formed a...
We have a double bottom here at the pcz after reaching oversold multiple times this my be the indication of a temporary bottom.
Disney, T Mobile, Amazon, Charter Communications, Netflix. What do all of these companies have in common? 1) They are all >$100B market cap. 2) They all have >10B Gross Profits. 3) They are all at 52 Week Lows. 4) They're all on my shopping list. Amazon just had it's worst week since 2018 after underperforming the S+P in 2021, but this behemoth isn't...
Been a while since I've posted an update on ETH, starting to catch my eye here as it continues to sell off for potential long entries. ETH is holding quite a large falling wedge here on the daily timeframe but also is testing a long-term uptrend line. ETH is also seeming to be following an ABCDE Elliot wave so will be looking for a potential bounce or breakout...
$SPY broke the previous support of 457 approaching below 430. in all time frame SPY is really bearish. but the RSI on 1hr and 4hr chart shows that its oversold. oversold level doesn't mean it will bounce there. But the probability of short bounce is there. overall it seems the market is trying to deplete itself at the moment. most of the stocks that is rallying...
Hello Traders Here is a new SELL Scenario, oversold signals coming from the RSI and the Stochastics. 💹GBPUSD SELL STOP ✅ Entry @1.37200 or below ✅TP-1# 1.37000 ✅TP-2# 1.36800 ✅TP-3# 1.36600 ✅SL# 1.37600 JamdeJam will not accept any liability for loss or damage as a result of reliance on the information contained within this channel including data, quotes,...
BNB is going down too, continuing deeper with the bull flag pattern on the hourly. 417.5 we might get a bounce off from there. Bearish cross on the macd, rsi reaching oversold. Drag down by BTC. BNB 1H
Picked up a nice size position based on December 28,2020 candle wick high of $13.04. I've got another buy set for December 22,2020 high of $12.14. Doesn't look like it will get there, but I'm prepared. Now I'm looking for a move to $13.93 this week and then $17.15 this month. I like the fundamentals of sofi. With higher interest rates, pending bank charter...
Hello Traders ! I hope your doing well :) - Please push the like button if you like the content or drop a comment to share your idea! - On Weekly chart we can that ALGO is trading in ascending channel making higher highs and higher lows , if we zoom in to catch more data we can see that on our 1 daily time frame chart ALGOUSDT is currently trading inside an...