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SMCI IS it overextended or hunting for thin air LONGSMCI is intimate with NVDA and the couple are doing quite well. I got some more at $750 and 2 days ago. Predictive Modeling is suggesting a $1000 price by Tuesday afternoon. That would be a 33% return in less than a week. The chart shows the bull flag after the reversal out of the down trend where I bought upon the mass index signaling. The AI indicator suggests a slowly rising parallel channel with the upper boundary in the $1000 range. It suggests an interval nano-dip in the premarket on Monday for a buy at the opening bell. I am good with that. I have high confidence here due to the overall trend strength of AI. Software also NOW, DDOG,CRM SNOW .......
NASDAQ:SMCILong
by AwesomeAvani
5
SMCI - consolidated - ? Continuation or ? Reversal SMCI has been on an impressive trend up since the first day of the trading year. On the 15 minute chart It had a healthy 12% pull back about February 22-29 but then rallied again on a reversal upside to nearly the ATH of $ 1075 set on Friday 2/16. I note that traders like to trade SMCI on Fridays and likely are chasing same day expiration call options. I know this because I have been one of them. SMCI is now in a high tight bull flag pattern. Typically this is bullish for another leg up of equal magnitude after consolidation. I will suppose the probability of a breakout higher is 75% and breakdown 25%. I may play this with a set of stop orders. A buy stop at $ 1030 and a sell stop at $ 1005 with a share proportion set equally. When SMCA breaks from the consolidation one of the two orders will trigger while the other will be in play until cancelled or triggered. My bullish bias is that the buy stop will trigger and I will miss only a small piece of the price action in the initial continuation. I will assess for a call option trade upon continuation. The volatility indicator helps me pick entries with an alert set for volatility beyond the running mean either bullish or bearish.
NASDAQ:SMCILong
by AwesomeAvani
EURGBP → Transition of the market to the distribution phase FX:EURGBP on the background of stronger decrease of GBP than EUR, connected mainly on the background of economic and geopolitical factors allows the currency pair to break the resistance of consolidation. Globally, the currency pair is in neutral-negative condition, as there is no clear trend, at the same time a wedge and symmetrical triangle are traced on the background of weak downward movement. But, the breakthrough of the upper boundary of consolidation can become the beginning of a local bullish trend. In general, there is a potential for price growth by 1 - 1.5%. On H4, the price breaks the resistance of the long consolidation, which technically puts the market in the distribution state. It is worth paying attention to the resistance at 0.8588. Breakout and consolidation of this boundary will open the price a new way up. Resistance levels: 0.8533, 0.8621, 0.8699. Support levels: 0.8533, 0.8500 The market has a potential for further growth. I am waiting for a breakthrough of the above resistance with further growth to the targets on the chart. Regards R. Linda!
Long
by RLinda
1
TSHA a medtech penny stock pumps on news and earnings LONGTSHA is a gene technology medical company which reported on its clinical trials for Rett Syndrome which is a neurobehavioral disorder separate from others like autism or schizophrenia. This could be a breakthrough medication for those who suffer from Rett. TSHA102 could be heralded as a miracle treatment ( not a cure). Price had trended up in February and then down in March and is now situated at the mean anchored VWAP. Relative volumes are 5-10X the running mean. I am taking a sizeable position here based also on my background as well as the forecasts of medical technology stocks as being hot right now especially small caps. Risk is definitely on. TSHA has been selling off parts of its pipeline to fortify its core. This tells me leadership is realistic and has a survival plan which is a big plus in the world of young and small medical technology companies. The earnings report from yesterday showed a big earnings beat and a transition from cash burning to positive earnings. Part of this is from selling off part of its future. Nonetheless, that future may be very bright with what remains. I believe that TSHA will consolidate and gain consensus as to fair value but then resume bullish continuation. This may be a buy and hold until the next earnings while watching for clinical trial news that will give a hint as to the growth path.
NASDAQ:TSHALong
by AwesomeAvani
EURUSD → Bullish trend structure breakdown FX:EURUSD is breaking the structure of the ascending channel and the market is trying to change the trend on the background of the strengthening dollar index. The market is waiting for news from FOMC & FED today. Globally, we have a neutral range in the format of a symmetrical triangle, with strong resistance at 1.095 - 1.10 inside, which restrains the price from further growth on the back of a strong dollar. It is obvious that at the moment, technically, the pair is preparing for a decline to 1.0795 - 1.070. Consolidation below 1.08597 will serve as a signal for further decline. Today at 18:00 FOMC & FED members and head will speak, where inflation and interest rate in the USA will be discussed. The slightest hint of a more hawkish view on the siutation amid high inflation could strengthen the dollar. In such a case the Euro will continue to fall Resistance levels: 1.08697. 1.08975 Support levels: 1.07958,1.0703 The news will determine the medium-term outlook for us. Most likely, the data may be negative for the currency pair, because against the background of high inflation regulators will continue to support the dollar. Regards R. Linda!
Short
by RLinda
5
EURUSD → Weak fundamental background and trend change FX:EURUSD is testing the local channel support. The probability of a breakout attempt is quite high, as the currency pair is trading on a negative fundamental background. The dollar is strengthening after a wave of positive news, at the same time EURUSD is hitting a strong resistance at 1.0949 on D1. A bearish candlestick is being formed with the session closing at the low point. Based on the candlestick pattern on Thursday, we can assume that the negative fundamental background is favorable for further decline, and the market is not finished moving yet. Consolidation below 1.08975 and breakout of 1.0880 will form a potential for further fall. The zones of 1.07958 and 1.0724 could become a target Support levels: 1.0880 Resistance levels: 1.08975 I expect a retest of resistance followed by a breakout of support. The market is trying to change the local trend and with a high probability it can do it Regards R. Linda!
Short
by RLinda
5
MINUSD CLear technical findings show an extreme bullish caseHi guys. I am always on the lookout for assets with clear signs of macrotrends. One that caught my attention was a crypto altcoin called MINAUSD. This analysis is on 1 week timeframe. Signs found on macro timeframes can have powerful moves to upside or downside. Notice firstly the horizontal black trendline around 1.40-1.50$. This was an area for last couple weels we've been battling with as resistance. It also coincides with a potential Ascending triangle pattern. This battle is highlighted by the orange rectangle. This can be identified as a consolidation zone. We are currently breaking out of both the consolidation zone, as well as the ascending triangle pattern. Important to wait for confirmation which would be a candle close showing support on 1.40$ lvl. We do have a lower wick on our current candle (showcasing demand and support) BUT remember this weeks candle just begun. We must wait till sunday for the weekly candle close. If we continue this current trajectory, we will see confirmation. However, there is always potential for a fakeout so this week is crucial. Notice how right above us. There is really no price action acting as support. Just 6 total candles. My opinion is that we will quickly move up to the 3.50$ area. Once bitcoin stalls and altcoins get liquidity injected into them. AND Support is confirmed. Keep an eye on updates with other signs and indicator signals in near future to support my claims. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MINAUSD in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
COINBASE:MINAUSDLong
by SafofAllTrades
GOLD → Liquidation of sellers could trigger a fall. Target 2100?FX:XAUUSD stops after a strong rally. A new ATH = 2195 is formed, after which the market starts the correction phase. The support 2175 is broken and the price tests 2150. There is a probability of continuation of decrease but after resistance retest. The fundamental background has been maintained since Tuesday. Yesterday we got CPI positive for the dollar, which temporarily strengthens the index and negatively affects the gold. After the 2175 breakout, the market gives us a move of almost 240 pips. Fundamentally, there is no important news today, so the market is influenced by yesterday's data. On H1, consolidation is forming below 2161. Buyers are trying to buy back the fall, but sellers do not let prices go above 2165. In this case, the most likely scenario may be a shakeout (false breakdown of 2165) and liquidation of sellers before a further decline to 2144 - 2100. Resistance levels: 2165, 2175 Support levels: 2144, 2125, 2100 The correction phase is most likely not over yet. The price may test the resistance before a further decline with a negative fundamental background TVC:DXY COMEX:GC1! COMEX_MINI:MGC1! NCDEX:GOLD Regards R. Linda!
FX:XAUUSDShort
by RLinda
13
BITCOIN → What's next? 50K or 75-80K? Is bitcoin still strong?BINANCE:BTCUSD reaches ATH a bit faster than everyone expected. The correction reaches 14% after which the market actively redeems all the fall and tests the resistance again. Growing further? What is happening? It is not excluded that a fall is possible, because at least the normal reaction to global zones is a correction of 20% or more. I am not indicating 100% probability of my words, but I am leaning on the situation at the moment. After a false breakdown of 69K is formed, the market forms a correction. Huge sell-offs from the psychological level of 69K are forming. Even Bitcoin-kit of Satoshi's time sold 1000 BTC mined 14 years ago for $68 million. But, the next day the market starts to buy back the strong fall. This leads the price to another retest of resistance. The flagship continues to show a huge interest from people, which gives us quite important preconditions for further waiting. I won't go into some old and deep stuff. Let's get straight to the interesting stuff: An interesting setup is forming on D1. False breakout without any reaction. Consolidation. Price pushing to resistance. It seems to be nothing special, but this situation indicates the presence of a strong buyer or the absence of a seller, which is more likely. Friday's closing near the level tells us that the buyer is not finished yet and can continue his actions (buying the asset) Local critical zones - support areas are formed within the consolidation. There are several scenarios regarding H1-H4. The resistance 68575 - 69000 plays an important role for us. Scenario 1. Orange: If price continues to trade within 69K - 65759, followed by a pre-breakout consolidation formation, price squeeze to 69K, slow approach on low volatility, this will entrain the chances of resistance breakout followed by price rise to 75K-80K. Scenario 2. Red-Green. The 69K - 66265K range will not be enough. Price may break the support structure: 66264 - 65759 after which a deep correction phase will start, heading towards 64K, 62K, 59K. But, a false breakdown of one of the areas with subsequent consolidation will form a potential that can restore the price to 69K. After that we expect the realization of the first scenario. Squeezing to 69K with subsequent breakout and growth to 75K-80K. The bullish structure will break when the support at 60365 is broken, which will activate the liquidation phase and start the correction to farther support lines INDEX:BTCUSD CME:BTC1! CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
56
USDCAD → Attempting a trend change. Target 1.34?FX:USDCAD demonstrates an attempt to change the trend on the background of weak USD fundamentals. The Canadian is strengthening on this background and this phase may continue further. Globally, the currency pair is in the range of 1.32 - 1.38. Trading is taking place between intermediate strong levels. Buyers are still unable to overcome 1.35, as the dollar index shows weakness amid high inflation in the US. In this case, the dollar may continue to lose ground, which is favorable for the Canadian dollar. Most likely, in the medium term, the price from the previously broken trend support or 1.35 may continue its decline towards the key, at the moment, liquidity zones indicated on the chart. Resistance levels: 1.350, 1.35418 Support levels: 1.3475, 1.3409, 1.33585 I expect the end of the correction in the area of 1.350, which may further resume the downward movement with the goal of reaching the areas indicated on the chart. Regards R. Linda!
Short
by RLinda
2
GOLD → Test 2200. Should we wait for correction to 2150 - 2100?FX:XAUUSD in the distribution phase updates highs to 2195. Price enters resistance zone while the dollar index gets a dose of negative news and high inflation. CPI, Core retail Sales, Initial Jobless Claims and PPI are worth watching in the coming week. Also, quite a few FED & FOMC speeches after Powell's two day speech that said nothing new. The dollar index is testing a strong liquidity area, the price may react with a bounce upwards, which will give a corresponding reaction for forex and gold. Gold is breaking out ahead. A range between the psychological target of 2200 and the previous ATH of 2150 is forming. The probability of seeing a correction from the upper boundary of the expected range is quite high, as the bull run cannot be permanent. The interest to the metal is very high on the background of weak geopolitics and also the inflow of capital on the background of outflows from ETFs. Gold is not falling yet because of the continuing strong demand from the Central Banks of emerging countries, but at the same time the market maker may organize a liquidation. Based on the H1 chart, the price is aiming to test 2200-2225, which is a psychologically important target. The price is behaving quite strongly, volumes are growing. Consolidations are formed with continued distribution. There are no pullback zones and strong enough support areas. But, a retest of the local resistance with the subsequent correction is also possible. But the nearest supports should be treated with caution. The local growth of the dollar may provoke a breakout of gold support, which may activate the sell-off phase TVC:DXY MCX:GOLD1! TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
OANDA:XAUUSD
by RLinda
12
HelenP. I Gold will fall to $2130, thereby breaking trend lineHi folks today I'm prepared for you Gold analytics. Some time ago price entered to consolidation, where it at once reached support 1, which coincided with the top part of the flat and support zonee, after which the price turned around and in a short time declined to support 2. After this movement, XAU some time traded near this level, which coincided with one more support zone, but later price made an impulse down to the trend line, thereby exiting from consolidation and breaking support 2. Then Gold started to rise between the trend line and soon broke support 2 again, after which it declined below this line and later rebounded up to support 1. Soon, Gold broke support 1 and also later trend line too. After this movement, the price rebounded from the trend line and continued to move up, and now the price trades a little higher than the trend line and I think Gold will fall lower the trend line, thereby breaking it. That's why I set my target at the 2130 level. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
2
GOLD → NFP. $2200 or $2100? What could happen?FX:XAUUSD is in the bull run phase. The price growth is fueled not only by the breakout of consolidation, bullish trend, but also by the huge interest on the background of negative geopolitics, high inflation, but also by the fundamentally weakening dollar. The price is forming strong consolidations with subsequent growth without correction phases, which tells us that there is either a strong buyer or no seller, which is more likely. For the market, psychological levels may be the targets. Such as 2175, 2200. The scenario with a false breakdown of the past ATH failed due to fundamental factors. So at the moment we need to consider a test of the above mentioned important levels. There is news ahead which is important but at the same time unpredictable. Be careful. Price entry into the risk zones will trigger a strong sell-off phase. Resistance levels: 2175, 2185, 2200. Support levels: 2161, 2145, 2100 It is hard to expect anything amid strong growth and approaching NFP. The market may be very aggressive and give high volatility and volume. Within this framework, the price can quite confidently test both 2200 and 2100 (buyer liquidation phase) TVC:DXY CAPITALCOM:GOLD NCDEX:GOLD COMEX:GC1! COMEX_MINI:MGC1! Regards R. Linda!
FX:XAUUSD
by RLinda
8
GBPUSD → Breaking resistance, but news ahead.... FX:GBPUSD is forging a breakout of correction channel resistance and is apparently preparing for the start of distribution. The dollar index, in anticipation of news, is testing support. Powell's two-day discussions on interest rate, inflation and other nuances begin today. The chance is slim that they will discuss rate cuts as inflation problems are intensifying. A currency pair before the news or at the time of increasing liquidity can reach the target we mentioned. But the news may negatively affect the GBPUSD price as the regulators may support the dollar index quite strongly. Consolidation above 1.2685-1.27 could trigger a rise towards 1.2827 Support levels: 1.2685, 1.270 Resistance levels: 1.827 I expect growth to the above target, but on the background of news and increase in liquidity the price may return to the correction range Regards R. Linda!
Long
by RLinda
3
EURUSD → Consolidation for continued growth. What's the target?FX:EURUSD is forging consolidation within the ascending channel after the breakout of the local trend. This setup may be aimed at further growth towards range resistance. On D1 we see consolidation forming above the key support at 1.07958. A rather strange paranormal volume was drawn on Thursday, which is difficult to interpret in the current environment. The dollar index also stands still and continues to shrink to the support. A local channel is forming on H1, another retest of 1.07958 or trend support is possible, after which the currency pair may head towards the targets indicated on the chart. There is no news today, so the trading session on Monday may be calm. Support levels: 1.07958 Resistance levels: 1.08975, 1.1000 I expect the growth to continue within the emerging setup. A change in the local trend is forming within the global flat. Consolidation may form the potential for the continuation of the formation of a bullish impulse. Regards R. Linda!
Long
by RLinda
5
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied for three days to close out the week. The following week it retraced the rally for 2-3 days and then consolidated for a week with a re-awakening of bullish momentum in the past prior trading day. From here, I believe that UBER is ready for potential push to an ATH and gain buying pressure along that way perhaps accelerated by short sellers liquidating their positions. I will take a long trade here of both shares and call options.
NYSE:UBERLong
by AwesomeAvani
GOLD → Distribution continues. Is the target of 2150 relevant?FX:XAUUSD strengthens to 2120 and forms a new local consolidation within the distribution after coming out of a prolonged consolidation. Should we wait for further growth? The price has entered an empty range of 2085 - 2150, within which there is no resistance, which suggests that the price can reach ATH - 2145-2150 quite easily and quickly. Consolidation, from which the price recently came out, lasted for 3 months, which allowed the market to accumulate a huge potential. The realization of such potential may take 20-40% of the duration of this consolidation. But, it is not about the distribution, but about the whole upward movement. Gold continues to form a global bullish trend. Consolidation is forming on H4. Breakout and consolidation of the price above 2020 will form the potential for further growth to the maximum. Resistance levels: 2120, 2145, 2150 Support levels: 2110, 2100 I expect growth to continue within the realized distribution phase, as the market has not yet reached its target. Local corrections, traps are possible, but the target may be reached in the near future TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
14
GOLD → Distribution phase. When do we reach 2150?FX:XAUUSD is moving out of range. A distribution is being formed. During the trading week the price strengthens by 2.5%, and the closing of the price on Friday gives us prerequisites for further movement As part of the outlook, gold has quite an interesting path ahead. Interest in the metal is increasing, especially within the framework of the unstable 2023 and early 2024. All of last week was favorable for gold as the US market pulsed with negative economic data. This contributed to the end of the consolidation and the beginning of the distribution. US regulators are not doing a very good job. Inflation is still high, jobless claims are rising, GDP is falling. But what they are confidently doing well is keeping interest rates flat for extended periods of time. lol Prolonged consolidation is getting a denouement. Price is moving out of the triangle upward, breaking the range resistance. And the prerequisite for the resistance breakout was volume growth and consolidation formation near the upper boundary of the range. Since we see the distribution on the background of volume growth, and the closing of the daily candle on Friday indicates that the movement is not over, we can assume that the breakout of 2084 will provoke the continuation of growth to 2090, 2100 and further to 2150 - ATH. Based on the general situation at the moment, we can distinguish two highly probable scenarios. Since the market is bullish, as evidenced by the previously mentioned facts, we can conclude from the current assumptions: resistance breakout, realization phase, distribution, Friday candle closing, growing volume, that we should look for further growth. Scenario 1 : Consolidation between 2087 and 2078 followed by a squeeze to 2087, breakout and rise to 2100 and 2125 Scenario 2 : Correction to 2078, to Fibo 0.236. False breakout, return to the range of 2087 - 2078. Breakout of resistance and growth to ATH Resistance levels: 2082, 2087 Support levels: 2078, 0.236 fibo, 0.382 fibo COMEX_MINI:MGC1! COMEX:GC1! TVC:GOLD TVC:DXY Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
18
BITCOIN → Rally stop. When do we reach $69 000 - $70 000?BINANCE:BTCUSD is testing 64K on the background of the rally triggered by the huge buying interest and is likely to enter the consolidation phase again. There is a little more than 10% to the global target, when will we reach it? img: Strong zones, market circumstances and long-term outlook The prospects for BTC are quite high as BTC-ETF advertising campaigns, trading volumes, records in ETFs, buying interest in both BTC and BTC-ETFs together continue to gain momentum. BTCUSD is testing 64K quite a bit faster than everyone expected back in January-February. The strong distribution is once again transitioning into consolidation. At the moment, intermediate and global targets are 64900, 67800 and 69000. Strong support zones are the 50-52K zones and the places where strong lines are crossed. Based on market data, a huge amount of BTC was bought here, which makes this area an intermediate market bottom. Also worth noting is the 59K-60K support, similarly, there has been huge buying in this area, which also identifies this area as an intermediate bottom and strong support. img: Actual situation on H1-H4. Formation of consolidation As for local prospects. The 64K-60K range is being formed. This range plays the role of consolidation while the price is restrained by its borders. On the background of price stoppage after strong growth, GBTC outflows increase again, some resistance area is formed, as well as strong liquidity below the local lows. While the price is in consolidation, all these areas of liquidity will be liquidated, the price may test the support of 61K, 60K, 59500, as well as 0.236 fibo or even 0.382 fibo. Inside this range, between 64-60K, it is not worth to open trades, the best choice will be strong support areas. As for selling: Against the backdrop of a strong trend, selling should be treated very carefully. I would recommend waiting for a test of ATH - 69K. Or the formation of strong preconditions to break the support of the current consolidation (59500-60500 lvl). A strong rally is unlikely to break 69K from the first time. The price will either form a deep correction or there will be another consolidation range. But we will discuss this after the retest of the high. Support levels: 60500, 59600, 57600 Resistance levels: 63300, 63600, 64900 Consiliation is likely to be formed now and this phase should be considered on H1-H4 timeframes. Within the consolidation there may be retests of deeper levels, as well as false breakdowns of strong zones CME:BTC1! BINANCE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL Regards R. Linda!
BITSTAMP:BTCUSDLong
by RLinda
89
🥇 GOLD - Consolidation before growth. Next ATHGold is holding fairly steady in the flat 2080 - 2090 after a strong rise that started back at the end of last week. Interest in the metal is quite high, which has recently increased investment in the metal as a safe-haven asset. The bullish trend may continue after the false breakdown of the nearest support, as well as after the breakdown of 2090. Reasons for further growth: 1) Strong trend. The market is growing on accumulated liquidity 2) Gold interest on the background of weak dollar is growing 3) There is no fall from 2088. 4) Consolidation is formed, in the format of a "flag". Growth may continue
OANDA:XAUUSDLong
by AndeWave
5
GOLD → Re-test 2085. The distribution is not yet finalized FX:XAUUSD is testing the maximum. After a long consolidation, a distribution phase is formed, which leads to a false breakdown of the intermediate resistance level. What should we wait for next, decline or growth? The distribution phase is clearly demonstrated on the background of volume growth. The price is testing the intermediate level of 2084.5 and forms a false breakdown. The value of the level is big enough, but not enough to turn the market. The 2084 area continues to hold the price, but based on the data on the H1 chart we can assume that gold will test this resistance with the aim of breaking through it, as the distribution phase is not over yet. If the compression to the upper boundary of the consolidation on H1 continues, namely to Friday's high, a breakout and further growth to the next intermediate targets may happen with a high probability. Support levels: 2079,5, 2069.9, 2065 Resistance levels: 2088.4, 2100 The growth is not over, as the realization of the accumulated potential inside the consolidation is not exhausted yet. There is a possibility of correction, but at the break of 2079.5. But still, I stick to the break of resistance and further growth TVC:GOLD COMEX:GC1! COMEX_MINI:MGC1! TVC:DXY Regards R. Linda!
FX:XAUUSDLong
by RLinda
11