The MARA Pullback Is In MARA put a 5 wave move from September to November then completed an ABC correction that spanned 38 days and is now ready for the next leg up.
Confluence
- Sitting on a 4x proven support line
- Doji signaling reversal
- RSI = oversold
Entry
- RIght now or upon the upward cross of the 8-day EMA
Target
- $52.29 in 32 days
- All-time highs by June 2022
Alltimehigh
Stock Market at Critical LevelThe AMEX:SPY and S&P Index futures are at a key Support Level going into today FOMO Meeting.
November ended with much Fear, Uncertainty, and Doubt (FUD) that the -5% pullback was finally the correction territory everyone has been awaiting since the start of 2021... (also since 2020, also since 2008) Instead, price made a run for the All Time High but fell short. At this point I am watching to see if it was a true failure to break. The best way to know is whether or not price holds this 50% Retracement Level of the December rally.
Should the Support hold I would be watching for the Santa Claus rally to continue. We could still post a new ATH for 2021.
Should the Support break it would be evidence of a failure to make a new All Time High for the month of December and be the Combobreaker for 2021 (every other month in 2021 posted a new ATH). Failures to break All Time Highs are a common bearish pattern.
On a narrative note... now is the time of year for reflection, rebalancing, and tax consideration. Overall it has been a good year for a lot of traders and investors myself included. I am sure everyone to some extent is making moves relative to their yearly performance during this time. If I had to explain a "reason" for this month's price action it would not be the Fed so much as the end of a very bullish year for the stock market.
COSTco is a winnerCostco made a classic buy the uptrend support on Friday. With that boost this looks really good and ready for breakout again for another big run. All indicators are bullish. If Monday holds that $550 support and breakout above $561 it will continue to run. High trend breaking ATH with RSI 66. Explosive, one of my favorite setups.
If you want a slow moving but will continuously go up stock, then Costco can’t be beat for long term hold either.
$COST
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Rune Road to 25$ & Beyond Welcome to AHJ Chart Analysis
Today we are looking RUNE on weekly timeframe last week we saw a 30% dump in RUNE but it held the previous low quite beautifully & also retested downwards trendline which is quite bullish
For those who want to trade this.
Entry: 7.7 (40%)
DCA: 6.9 (40%) , 6.3 (20%)
SL 5.7
TP: 15 (15%) , 21 (25%) , 30 (35%) , 50 (15%) , 70 (10%)
This is not financial advice. Always manage Risks
$US500 - S&P500 futures almost back at ATH, Santa is coming?? After the sharp "omicron-dip", the S&P500 is almost back at all time highs!
The daily EMA100 got bought heavily and markets melted through every resistance since then.
The daily RSI keeps showing baerish divergence though, and also volume kept tapering off, also in the ETF on the S&P.
I would not open fresh longs here, instead taking some profits here seems reasonable.
At the moment, a correction down to 4.650 would not be weird at all, also to backtest the support from november 11th as support again.
Also there was a big gap opened up yesterday in the markets and most of the stocks, most of the up gaps get closed within the first 7 days after they got opened, whatever that statistic is worth at the moment, but it is just a fact to know i guess. Once 7 days are over chances drop sharply to get that gap closed soon, those gaps mostly get closed later on in a bigger correction/crash then.
Overall, i would aproach markets with caution at the moment, we are at heavy resistance at the moment and a small set back is kind of likely here. A break to new ATH, even more when a nice backtest happens, would be a bis buy signal though.
Stay safe in this markets guys!
SPY ATH end of yearIt broke the 20 day convincingly today and stayed mostly near the intraday high. Reversing the trend to bullish. RSI right at 57 with a lot more upward momentum to go. RSI support at 50 so buy any dips you see. We are going to break ATH before end of year.
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Ethereum Price Prediction (Q4 2021 - Q2 2022)Just a prediction on where I think Eth's price might head over the course of Q4 2021 and into Q1 & Q2 of 2022. The orange triangle is where I believe the current market cycle will reach its peak, before then pulling back for the remainder of the cycle (if this prediction plays out in any kind, I believe the price would retrace to current Q4 prices for support through the bear market).
mana is about to pump soonwe do research by fact, even in this dump season mana still able to hold above the support line and getting closer to the resistance, soon its gonna break since the number of supply/seller up there is getting crush by mana hodler/demander slowly but surely. I think we all can agree about this statement now "mana is about to pump soon".
ADBE Potential ATH BreakoutWatching for a break above all time highs for a bullish move.
Using Fibonacci extensions to gather future price targets.
The 1.13 fib will act as the level where we should watch for a retest of the breakpoint.
The 1.618 will act as a longer term target.
If needed, use the 1.27 to get a shorter term target.
BITCOIN HITTING ALL TIME HIGH AGAIN??!! Bitcoin now are having a strong pullback back to our fib level of 61.8% and bullish candlestick formed and base on my prediction on bitcoin movement from previous move , based on my analysis it will continue to run up another 13% which will be ALL TIME HIGH for BITCOIN!!! . We wouldn't be always right in the market all we have to do follow our risk reward ratio and hope the best will come to us . CHEERS!
If you like my content please comment down below and give me a like on this passage . Thank you successful traders for the support and happy preparation day !
U - Strong break into all-time-high (ATH)Although U has recovered quite significantly from it's low of $76 in May21, it's recent break into ATH on 10 Nov is quite signifant, backed by strong volume.
I am expecting that it will have some way to rise (with near term support @ 174). Any near term retracement towards $174 would be a good opportunity to long.
ATH stocks tend to run for longer as they aren't impeded by "prior resistence", athough retracements along the way up is still part and parcel of an uptrend.
Once can consider to set profit targets along fib extension 1.618 and 2.00 of the AB swing up, or set suitable trailing stops to see how far it could go.
Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade
BITCOIN 100K This year?Bitcoin is the king of all cryptocurrencies. Do not be misguided by meme coins and the next hot crypto. If you look every year at the top cryptocurrencies, 2013, 2014, 2015, 2016... etc the small altcoins come and go. Bitcoin & Ethereum (and a few others) are here to stay long-term. If you plan to build a long-term crypto portfolio make sure to include it! There is an old saying that "One Bitcoin is all you need" of course as the years go by this is getting harder and harder to obtain. There will be pulls backs and new opportunities so keep that in mind.
- Current Price action -
For Traders & Long-term holders
Bitcoin is breaking out of a bullish price pattern along with still being in a bullish uptrend channel after breaking the ATH. We are looking to test the next psychological level of 70k. We are still on track as per my last post on Tradingview. Also, keep in mind both sceneries of my last post.
Will we hit 100K this year?
It is possible but the price is too far away and news events can alter the price with a single article. As of now, we are still targeting higher levels but 100K we will have to see more data over the next coming months.
Will bitcoin hit 100K ever?
We believe one-day bitcoin will be much higher than 100K.
Helium prints new ATH at 35$. Is 50$ next before 2022? 🚀Intro:
- Helium (HNT) is in the field of decentralized wireless infrastructure and a decentralized machine network powered by a physical blockchain.
- Helium is mined and distributed to Hotspot Owners.
- There is no pre-mine of Helium and every month approximately 5 million new coins are minted.
- In circulation we have 100 million coins out of possible 223 million coins.
- Total market cap is currently around 3.5 billion and still has a lot of room to grow
Daily chart:
- Price finds itself at an ATH around 35$. Unless you Dollar cost average (DCA) it is not recommended to add at an ATH. We therefore suggest you wait for a pullback and buy lower (for example around 27$).
- Volume seems to in- and decrease during and after pricepumps. No clear trend is seen here while price keeps increasing.
- RSI analysis shows that we are in an uptrend that confirms the current price trend. We currently face resistance at the 80 line which is the entry zone of the overbought region. Again not the best play to buy.
- Moving Average: Price is far away from the 20MA which is bullish, however for adding coins it's a bad entry point.
- Support lines are at 26.5$, 18.5$ and 9.5$. The ascending yellow line possibly acts as support as well.
- Resistance lines are currently non existent since we are in price discovery territory.
Expectation:
- We expect HNT to perform well within the next 3-4 months and print new ATH's.
- However, to enter the game we strongly suggest to wait for a pullback. Congratulations to all that are already invested into this project.
- End of the year prediction: We will see a 50$+ HNT before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
TSLA breaking ascending triangleTSLA is looking amazing to me tbh. From the recent break of the ascending triangle and flipping of the support its looking like its headed towards a new all time high. I expect price action to be something like the yellow arrow drawn. Watch out for the upcoming earnings! Imo they are going to be positive
Loopring currently teasing massive inv head & shoulder breakoutThe breakout is by no means confirmed yet. However once it is it can climb all the way to $1.93-2.00! This is what the pattern looks like on a weekly chart, and I wouldn’t be surprised i it was more o a 2 week chart pattern. I so this may take multiple weekly candle closes above the neckline before it triggers the breakout. I think loopring’s all time high was somewhere around $2.50 or so so it is definitely possible for it to reach these levels again and also very possible to hit a new all time high some time in the not so distant future. Keep an eye on this one.
Verasity, checking for a new entry. Currently at ATH, so wait!Intro:
- Verasity (VRA) is a protocol and product layer platform for esports and video entertainment
- Verasity keeps building since 2017 and has planned to introduce NFT's to their platform during Q4 2021.
- In circulation we have 6 billion coins out of currently 10million possible.
- Total market cap is currently around 500 million and still has a lot of room to grow
Daily chart:
- Price finds itself in an uptrend and currently sits at an ATH, so be cautious.
- Volume keeps increasing since August which is bullish and with the trend. It therefore confirms the trend.
- RSI analysis shows that we are within a larger consolidation wedge. The apex still is one month away which could act as a cool off phase.
- Support lines are at 0.05$ and 0.01$.
- Resistance lines are currently nonexistent.
Expectation:
- We expect VRA to cool off and retest the 0.062$ price line. From there we look for a support confirmation which would serve as a good entry point.
- End of the year prediction: We will see a 0.2$+ VRA before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
ETH bullish Flag Breakout Pattern | Short Term Price Target ETH | USD
Enter At Breakout Above High ! Price Target will be New All Time High !!!!
It can be complex identifying a bull flag on a chart because the pattern entails several different components. Traders will need to correctly identify and understand these components to trade this pattern successfully. Key things to look out for when trading the bull flag pattern are:
Preceding uptrend (flag pole)
Identify downward sloping consolidation (bull flag)
If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, the retracement ends at less than 38% of the original trend
Enter at bottom of the flag or on the breakout above the high of the upper channel boundary
Look for price to break higher with a length potentially equal to the size of the flag pole