Coinbase Rumors with some News sprinkled on topNASDAQ:COIN
I wanted to combine simple technical analysis with tangible real world events.
S/R with some short term targets and a parallel channel, is as basic as chart analysis goes, for me personally it is enough to come to a conclusion and plan the trade.
Recent history (in the crypto market) would suggest there could be trouble ahead for Coinbase. I picked a few events which show how Coinbase is attempting to optimize, consolidate, cut cost and find extra revenue stream.
Summer et al, timeline of news (and rumors) about Coinbase:
May 10th, 2022 - Coinbase adds new language to Form 10-Q regarding bankruptcy
June 2nd, 2022 - Coinbase rescinds already accepted job offers. Amy Castor wrote a great post covering that event.
June 14th, 2022 - Coinbase lays off 1100 employees. CEO and Cofounder Brian Armstrong shared an explanation on Coinbase Blog.
June 29th, 2022 - FOIA (Freedom of Information Act) request reveals that Coinbase has been providing ICE with blockchain analytics tools.
July 15th, 2022 - Leaked email reveals Coinbase plans to shutdown its affiliate-marketing program.
I purposely do not comment on the timeline, as all of us will interpret it differently, might be interesting to see the comments.
I don't believe that it's unreasonable to tread lightly while trading Coinbase, although there are plenty of fish, maybe I'll just trade something else and see how this story develops.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
Twitter vs Musk drama continuing 🐑🤔On Friday Twitter will release it's earnings report so we can expect a lot of volatility that day.
🤔From technical point of view we have trendline that is acting like resistance and we have 32.00 level that is acting as support.
🤔Take a look at the volume at top.
A lot of people entered into long positions when they heard that Musk is buying twitter . Now, that the deal is postponed they are trapped and can be liquidated.
It's also very likely that their stoplosses are hidden below the 32.00 level so be careful as Smart Money might be willing to collect liquidity..
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
Twitter: Musk abandons deal - Have the Bulls abandoned it too?Twitter - Short Term - We look to Sell at 38.32 (stop at 41.62)
This stock has recently been in the news headlines. This has resulted in the medium term bias being for lower levels. We have a Gap open at 38.32 from 07/07/2022 to 08/07/2022. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies.
Our profit targets will be 31.70 and 30.00
Resistance: 38.32 / 39.51 / 41.29
Support: 34.39 / 32.52 / 31.70
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Wedge Pattern On Twitter (TWTR)Hi Traders,
We have a clear Wedge Patter On Twitter (TWTR), In my previous post I was looking to buy, however, due to the deal with Elon Musk falling through the price has decreased even more and now we have great price action to go with the current Fundamental news.
We can see a very simple and clear wedge that has formed and price has now broken the support and is sitting nicely at 37.09 which is the retest of the pattern. I am currently short and I am not looking to swing for the fences on this one.
My stop loss is at 37.81 as that would signify the bulls being back in the market. I am looking to take the short to the very next support level of 32.60. Price could most definitely break support and continue much further than the current target. I am, however, very happy with the risk to reward on this trade and there is no need to force the market to give me more.
Use proper risk management
Renaldo Philander.
Trading Idea - #TwitterMy trading idea for Twitter - sell/short
Target: 33.00 USD
Stop: 47.50 USD
RRR (Risk/Reward Ratio) is 1 due to high volatility!
It looks like Twitter has become dependent on Elon Musk. The billionaire Tesla CEO recently made a 44 billion offer to buy Twitter. From a shareholder's perspective, that's a tempting offer considering Twitter has only made a profit in 2 of the last 10 years.
The business has stalled or is even at risk. In a company report, Twitter wrote that only less than 5% of its users are fake accounts. Musk wants proof of these claims and has put the deal on hold for now, but continues to express interest in the acquisition.
The technology sector has fallen a lot lately, and the sell-off doesn't seem to be over yet. I guess Musk is planning this move on intention to be able to buy the shares cheaper later on.
If Elon Musk decides to cancel the offer entirely, he will have to pay a sum of 1 billion US dollars.
USDCAD 2h TA : +80 Pips so far ✅Well, we see that the price started to grow exactly where we expected, and today, with the increase in the CPI rate and the growth of the dollar index, it had a powerful movement from 1.29770 to 1.30600, that is, more than 80 pips ! Later, by collecting liquidity above 1.30520, it faced supply pressure and corrected to 1.30230! Let's see if it can hit the target of 1.30800 or not...!
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 07.13.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Must notifies TWTR that he is pulling out of the dealHere are 3 key points from the news that hit the markets regarding Elon Musk and Twitter ($TWTR)
1) Billionaire Elon Musk wants to end his $44 billion deal to buy Twitter.
2) Musk’s lawyer claimed Twitter failed to comply with its obligations in the merger agreement.
3) Twitter’s board chair Bret Taylor said the company is still committed to closing the deal at the agreed-upon price and plans to pursue legal action to enforce the agreement.
Now if you ask me, fundamentally this looks horrible for Twitter, so I suppose that that we could only see bearish pressure come Monday. Furthermore, the overall market is super bearish right now and things look to only get worse and worse not only for Twitter, but for many market participants.
If we take a look at the technical analysis of Twitter it doesn't look too good either, with a failed bullish push in recent weeks being completely killed of and the recent price action forming 2x lower highs in a short period of time, to be this looks super bearish and add the fact of the above points and you have a super short opportunity!
Now remember, I am a day trader... there's no way I am looking to hold onto any trade longer than today, the only thing this weekly chart does is tell me to be more ready to sell than to buy, yet I'll be ready to do both no matter what as one of my main trading rules are to follow price action and don't fall in love with any direction.
Going back to the technical analysis again, we see the All time highs being killed off completely and actually forming a LOWER HIGH on the weekly chart, ATH was established in July 2021 yet it clearly formed a lower high on the weekly as you can see on this line chart. While we are at line charts, I prefer them for market direction because they tell me where price action is closing.
Anyhow, I don't want to rumble much more, I'm very interested in trading liquid assets and Twitter + NASDAQ will surely be liquid this week so I am as excited as Borat was when he visited America!
Look forward to great success :)
TWTR AnalysisPrice is on a downtrend, currently at a bullish POI. I'm expecting price to rally from here, taking out the buy-side liquidity created above. However, I do note of the fundamentals for this company and there is also a probability that price can take out the lows at 31.30. I'm leaning towards the bullish price movement.
ETH 30M : A trade Position is blinkingEth in 30M time frame has a perfect potential for both buy & sell positions ; Buy after the pullback if the bearish trendline is broken or sell after the pullback if the static support is broken. Let's see
What is your idea ?
share your idea , and if you have any questions feel free to ask me in comments .
thanks for following me
Twitter: Deal is still on, says Musk!!Twitter
Short Term - We look to Buy at 39.16 (stop at 37.32)
They recently gave Elon Musk more information as he requested and deal seems to be still forging ahead. The sequence for trading is higher highs and lows. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Dip buying offers good risk/reward.
Our profit targets will be 43.86 and 46.00
Resistance: 44.00 / 46.00 / 52.00
Support: 39.00 / 34.00 / 28.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Trading Idea - #BASF My trading idea for BASF - buy / LONG
Entry: 51.00 EUR
Target: 54.50 EUR
Stop: 49.50 EUR
After consolidating around the EUR 48.50 mark, the price rose steadily in the upward range. Support level confirmed. A further rise seems very likely.
Since the price is currently at the upper limit of the channel, I am also speculating on a short-term setback to about EUR 51.00. This is also my entry into the LONG position.
DID Elon Musk BUY TWITTER???I am a bit Skeptical, but It's TWITTER People!
Statistics Show the Stock is between $43 - $54 (1 year)
The What if's aren't Good for Trading Stocks, but ...
What if;
Elon Musk Buys Twitter, it will Jump!
Up or Down?
If twitter becomes more user-friendly and less Political,
it could be a Great Push to Higher Highes for sure!
That could mean around the $100 per Share
According to its Annual Reports published on the Twitter Investors Relations page,
the platform has been experiencing year-over-year growth in the number of
active users even in recent times.
Growing from 154 million monetizable daily active users in 2019
to 217 million monetizable daily active users in 2021
Disclaimer:
Just my Idea! Find your Trading Ideas and learn and study more!
Trading Idea - #ASOSMy trading idea for ASOS - Buy / LONG
TARGET: 24.00 EUR (+125 %)
STOP: 6.50 EUR
ASOS PLC is a global fashion retailer. The company sells its merchandise through ASOS.com. The company's segments include the UK, the US and the EU. ASOS sells approximately 85,000 branded and private label products, including jewellery and beauty collections as well as men's and women's fashion, footwear and accessories.
1) The ASOS share price is at a historically relevant low (EUR 10 to 12).
2.) Several directors invested in shares of Asos on Friday, 17/05/2022.
3.) The final sales targets were not quite achieved. However, this is seen across the industry and can be explained by falling purchasing power due to high inflation.
4) The current share price is far below the average price target of the most influential analysts, even though they have slightly lowered their price targets in recent weeks. This can be an indication of a possible increase in value.
Twitter is not Gap but has a Gap to Fill!Twitter is not Gap but has a Gap to Fill!
Gapped down 1.25 on May 13, 2022. I strongly believe that Twitter is moving upward to fill the gap. This idea stems from the fact that it has price rejections 4 times at approximately 40.75 (see weekly chart or the screenshot below). Therefore, I will make an entry on TWTR after it breaks and holds above 41.
My PT is 43.00 for this trade.
*This is not financial advice.
Fly like an eagle,
MrALtrades00
TWTR buyout updateElon Musk threatened to terminate his $44 billion plan to buy Twitter arguing that the company is breaching merger pact by not disclosing spam information.
If he wants to lower the price, i think the minimum upside is $45.75, which still represents an upside of 18,45% from the current level.
If the number of bots is exactly like Twitter says, then +41.22% is the upside from here.
Looking forward to read your opinion about it.
USDJPY to the Moon WeeklyChart MatrixVI dont know what the japanese guys are doing, maybe some illegale contracts, but the us do some big profits and we are over the ALLTIMEHIGH of USD/JPY. What are your thoughts? This is no technical analysis, only some patterns, which I drew in an extra chart for USDJPY
#ElonMusk #BTC #Tesla #Twitter #Marketmanipulation #TradingAddiction
GG Ez MatrixV
USD/CHF : RESULTS SO FAR : +110 Pips ✅✅ RESULTS SO FAR : +110 Pips ✅
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.06.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Trading Idea - #NASDAQMy trading idea for the NASDAQ Index - LONG
Target: 14,100 points
The trivial interpretation of the MACD indicator is as follows:
A rising MACD indicates the upward trend of a price, a falling one a downward trend. The greater the distance of the MACD from its zero line, the stronger the trend. Currently, a temporary end of the downward movement can be interpreted.
The bears have taken a few hits, but they are still humming loudly! The current positive momentum could lead to a further price recovery in the coming weeks. My next resistance level is at 14,100 points.
However, there can be no talk of a trend reversal yet, as the long-term negative trend continues to dominate. The probability of a reversal formation like the Corona crisis seems to be extremely low.
TSLA GO ON A BULLISH TRENDHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys.
we Think that The price of Tesla will Go Up to The Resistance Of The Trend .
Thank YOU .