Hello Trader Community!
I wanted to point out a fact that on a weekly chart bitcoin shows resilience at these price levels.
As it is shown on the chart, the 50 Week Moving Average line was successfully tested 3 times recently, providing strong support so far.
Do you think this price level will hold or will bitcoin test lower levels?
Share your thoughts and do...
Hello Trading Community!
Here is my quick analysis of ENJ recent price action...
I started following ENJ about two months ago and posted an idea (see in the links below) where I first noticed the occurrence of a strong breakout.
Since then ENJ has been performing nicely, bucking the uptrend. As you can see on the chart, ENJ has been diligently working to...
ENJ is an interesting al-coin with a business case / utility related to online gaming.
It seems to form a nice bottom and now looks like the breakout is in progress. If all goes well, we may see nice gains in this coin...
So far so good - it is already up 9% since yesterday and its raise seems to gain more momentum.
I was quite amazed when I looked at DOGE on the weekly time frame.
The chart looks very strong to me. I would not be surprised if it raised all the way up to 60 cents, would you?
Happy trading everyone and please do your own DD and share your ideas :))
AMC so far sustained the sell-off reaction post earnings and was able to hold the critically important 61.8% Fibonacci levels.
The price holing those levels should be interpreted as a confirmation that the sell-off could be tapering off... Let's see!
Happy Trading and please do not forget to do your own DD!
If you are invested in COIN or just following it, do you think you run for the hills or just be patient?
If you zoom in and look at the 15-minute chart, you would see that the price action indicates a textbook gap-fill activity.
Would you agree or disagree?
Please remember to do your own due diligence when making financial decisions.
By looking at the ETHBTC chart it becomes evident that Etherium started outperforming BTC as of late.
This is still true even if you take into account quite a strong recent BTC raise all the way to 42K region.
In my view ETH outperformance is going to spill over to alt coins as well. We are seeing that actually happening right now...
Does that mean ETH and other...
Hello trader community.
After a enormous run all the way up to the $80s, NEGG collapsed in the following weeks, loosing most of its gains.
Looking at NEGG chart now, do you think the decline is over? Will the recent news about Litecoin help this e-commerce platform stop the decline and start growing again?
Comments are welcome and please do your own DD when...
As I mentioned in my previous idea, NIO was about to correct around $51 dollar area where it hit the resistance of the downward sloping trendline.
That indeed happened as expected.
The correction that followed leading the price of NIO down to $38-$40 area in my view presented a nice buying opportunity and still does.
What we are witnessing in today's price...
Squarespace's price action demonstrates the signs of a successful IPO in my opinion.
To confirm this idea, I would like it to bounce here and continue going up.
Would you guys agree or disagree?
As always, do your DD especially when it comes to IPOs as they are extremely volatile.
For ETHUSD to turn decisively higher, the RSI should break the resistance of 50.
As for the moment, this is not happening and I expect a pullback to $1950-$2000 zone.
This price range nicely coincides with 200 day moving average.
Once the price touched this price range, a bounce would increase the chances of bullish continuation.
Historically 200 MA provided...