Time to buy dYdX !!!!So dYdX finally did some decent retrace, actually a perfect retrace to the 0.382 Fibonacci level.
We have 4 factors to buy dYdX right now:
1- 0.382 fibonacci support level
2- lower line of this bullish bull flag
3- diagonal support line that hold us from $10 till this day
4- Oversold RSI
So it’s just a good bet to buy dYdX here
Your target should be around $33 and stoploss should be at -$16
The only negative sign is the funding rate, which despite the bearishness of these past days it is still high af.
Alltimehighs
Gold Back to All Time Highs1. Gold price is entering a narrow wedge with an 11 month resistance and a 2 year support. This support has repeatedly been tested over the last 2 years, and is more powerful than the medium term resistance level.
2. Price is currently at the top of the wedge. A break of resistance sets up a run to all time highs, with pull backs around 1915.00 and 1965.00. I expect price to move higher swiftly after a break of 1820.00.
GRMN breaking out of a 12 week consolidationGRMN is looking to break out after consolidating for 12 weeks.
Making a new 52 week high, new all-time-highs, with a Beta of 1.02 and expected to grow even more over the year; this is one to keep your eye on.
Given the volume, I do think this may give another entry point around the $143.60 area.
However, now would also be a good time to get in since it's still pretty close to the average price. Just make sure to leave room for the stop-loss if you do plan on getting in now.
Final thoughts:
* Company's doing well
* Price making new all-time-highs
* Breaking out of a long consolidation
* Good long term hold (Pays Dividends)
NQ Power Range Report with FIB Ext - 6/18/2021 SessionContract - CME_MINI:NQU2021
- PR High: 14190.00
- PR Low: 14170.00
Evening Stats
- Gap: = N/A
- Session Open ATR: 198.75
- Volume: 20k
- Open Int: 219k
- Trend Grade: Retracement
- From ATH: 0% (Rounded)
Key Levels (Rounded - Think of these as a range)
- Long: 14676
- Mid: 14104
- Short: 12530
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Weekly Watchlist May 10-14Here are some swing plays that I am considering this week. This is just a list of names that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. I post watchlists like this one weekly, so like and follow for more :) Good Luck!
My Watchlist:
$FANG
$FLL
$GME
$CEQP
$DVM
$TX
$SQ
Weekly Watchlist May 3-7Here are some swing plays that I am considering this week. These are just some names that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. I post watchlists like this one weekly, so like and follow for more :) Good Luck!
My Watchlist:
$NET
$HALO
$VALE
$TX
$FLL
$WBT
$FUTU
$UPST
$OKTS
$INSP
$ABNB
$SNAP
$CVAC
we made it to the next level!Will this level hold and take us up to 800 Billion for the total market cap excluding btc? Im bullish on this scenario going into the weekend. I believe we will see alt blast off as btc slows down. Btc dominance in a down trend(see my btc dominance chart for my opinion) look for the undervalued alts to move this weekend to catch up to the rest of the market. I believe this next level will be were the long term holders are selling to the new investors fomoing in to big green candles and rotating into the undervalued coins. overall bullish on the entire market!
RIPPED through our 1st weekly Price Target, Next Supply/Demand? I have really enjoyed covering this BTC move into All-Time-High supply/demand levels. It has been putting on an absolute clinic when it comes to using technical analysis to breakdown moves within a trend.
Key support: $53.75k - $55.1k
Current Demand Confirmation: $51.3k
Current Supply Confirmation: $55.9k
Next Resistance: $56.4k
Keep in mind, there is one weakness as of now and that is the passing over of the confirmation of demand between 47.5k and $49. Whenever sellers decide to start entering the market, this may be the highest area buyers get their feet back under them.
I forgot to mention this in the video but if you take a look at the volume; as the trend has worked it's way through the ascending levels of supply and demand, selling volume has decreased quite nicely compared to the prior trend. I see this as a clear sign the sentiment is there to break ATH with a mere bat of the eye. That green-volume candle (shown by arrow in volume bar) popping out of the trend for a break of that 78.6% FIB indicated continuing strength.
In saying this, the market usually finds a way to remind us - you should have your ears perked up when something seems too easy.
DDOG move into EarningsDDOG is pretty much a stock that runs independent to the overall market. At times it can be manipulated, and vast amount of insider selling happens often.
One thing I have noticed with the stock when it comes to insider selling, it is constant but can be somewhat deciphered when looking into the SEC form 4 filings.
Most of the insiders use an algorithm based selling strategy. They decide how many shares they want to sell that day and the algorithm triggers trades throughout the trading day.
If you look at the filed form 4's, when the algorithm does not trigger enough trades to sell all of the requested shares, it has traditionally meant that the algorithm isn't triggering many strongly sold areas of resistance. Indicating that the stock is showing strength and is likely but not guaranteed to continue to increase in price in the following days.
Another thing to look for is amount and timing of the insider selling.
-for instance the CFO Agarwal Amit usually sells his shares on Wednesday's, usually second Wednesday of the month in the amount of 22,500 shares. In the past, when he reports selling shares on a day other than Wednesday it usually indicates an upcoming volatility of share price. If he sells more than his 22,500, it may show that insiders are looking to take some additional profit while the stock price is nearing anticipated highs.
-additionally the CEO and CTO normally sell their shares the first week of each month, in the same manner.
All time highs have also had the tendency to be hit on a Tuesday leading into a Wednesday sell-off.
I would be surprised if DDOG doesn't make a run to challenge upper $90's in the near future. A rejection of a bounce back leaves the stock with room to trail down into the low 70's and potentially further into the mid 60's
BA Breakout Price Targets with potential breakdown levelsIf Boeing can stay away from bad news and regain the ascending channel , it should continue to test the top-side of the above channel as resistance .
My thoughts are that potential breakdowns may occur after a failure to test the top-side resistance of the ascending channel . Or after its 3rd test of the top-side resistance of the channel .
With good news and Japan continuing to buy equities rather than debt , I don't see it being out of the question for BA to break that top-side trendline resistance and reach the previous all-time-high trend demand zone into the mid $290s
BTC at a decision/pivot pointIf BTC can hold the all-time-high demand zone between $48,500 and $48,600 it can look to break back into the $51,000 range very quickly.
If it finds support above the all-time high demand zone between $49,000 and $49,200, it can possible look to test the supply ranges underneath the all-time-high levels.
A rejection of the drawn green trendline to the downside would indicate very good strength in upcoming moves.
A break down below the green trendline followed by a rejection of re-entry into the above channel BTC will likely test the lower demand zone as support
/ES pulling a setup for a tighter leg up.H/s formation atm with a base measure and sprt target zone of 3820-3807. A buy alert set for 3820 with a stop 3805. Measured move of h/s and fib measure indicates another attempt at ATH and zone levels 3987 as a primary target to an extension of 4021. All invalidated with a trade below 3807, which is been a pivot on the hourly since 01/7/21.
ELON MUSK PUT BITCOIN IN HIS BIO AND WE MOONED (BTC) Elliot waveGood morning traders,
We have a confirmed breakout.
Yes we can easily come back into this descending triangle and retest the support levels but we will not be staying there for long as every short idea has been invalidated in one 4 hour candle.
I'll be posting a YouTube video in the next hour with my exact thought process on everything that's been developing within price action over today as well as most likely a live stream.
There's nothing bearish about this market and it's now clear that this pullback was just letting bitcoin cool off before the next rally towards $50,000.
Elon Musk put bitcoin in his bio and we mooned 2 seconds later......
Will Bitcoin Break To The Upside?? 50k Incoming!? I am LONGAs you can see Bitcoin is entering this bullish continuation symmetrical triangle which I believe we will break to the upside! Everyone in the crypto space is heavily bearish and expecting to see crazy low levels which I don't believe is the case. We are in a bull market and bitcoin is just cooling down before the next rally to the upside! We can still see about 1 week of sideways action before we do have a breakout or we can see it within the next days before this month ends. This move will be huge and most people will not be ready for this.
LULU Bullish Ascending TriangleReally nice bullish ascending triangle has formed on LULU. I believe the price will easily climb back up to 385 from here and then I will be watching for a breakout of the triangle. Price may hit resistance at this level however, If a breakout does occur I am confident LULU will hit new all time highs. Also, a nice bullish pennant has formed on the 15 min chart which further supports upwards price action in the short-term.
Ethereum Getting Closer To Setting New All Time Highs 2021Ethereum has been on a complete moon ride the past couple of weeks with not much signs of slowing down. Yesterday on January 4th we broke slightly past the 0.786 on the Fibonacci Retracement trading slightly past $1150 before coming back down into the $1000 - $1050 range were it currently is trading now.
I believe we can expect another pump up to $1150 from these levels to retest the 0.786 on the Fibonacci Retracement at $1150. The next major resistance level for Ethereum is the previous all time high of around $1420 - $1440. Once Ethereum breaks past its previous all time high we will enter a new price discovery phase and set new all time highs. It is extremely overbought blasting past the 70 on the RSI so buy with caution. Everybody should have Ethereum in their portfolio!
Safe trading and investing. Cheers!