AMZN Approaching Heavy ResistanceAMZN is approaching the upper band of it's 11 month range. I don't expect a breakout to new ATH's, but certainly we may see a retest of the ATH around 3,550 as early as this week (unless the Fed disappoints markets this afternoon by hiking the IOER or RRP/even mentioning tapering bond purchases), followed by a potential retest of the lower band around 2,950.
Facebook (FB)
AAPL Setting up for a Test of 138 Resistance?AAPL is in the process of breaking through it's MA resistances after seeing support at the lower band of the wedge. We have potential upside to around 138 at the upper band, and trendline support just below the MA's around 126. The RSI is sitting around 60 at the moment, so we still have room to run on the daily time frame implying a higher probability of further upside this week (absent any changes in sentiment)...
KSM: PT $675 by Mid-June / $900 by Late June KSM is on schedule to release some of the most advanced technology on the market and the large institutional money is flowing into both DOT and KSM.
KSM is only $3.4B market cap and has a lot of room to run to be properly priced - right now the market is not really aware of the potential of KSM but there will be several large auctions launching over the next 2 weeks on KSM that will raise lots of attention to the network's value.
KSM Parachain Auction Schedule per below:
2021/06/15, 12:00 GMT: First Kusama Parachain Slot auction commences. Bids may be placed.
2021/06/17, 09:00 GMT: First Kusama Parachain Slot auction ending period begins. Only bids made prior to this point will certainly be considered in the final result. Bids made following this point have a linearly reducing chance of being considered.
2021/06/22, 09:00 GMT: First Kusama Parachain Slot auction bidding ends. No bids may be made on this auction following this point.
2021/06/22, 11:00 GMT: First Kusama Parachain Slot auction winner selected. The auction winner is determined as the highest bidder at some randomly selected point over the past five days.
2021/06/22, 12:00 GMT: Second Kusama Parachain Slot auction commences.
2021/06/29, 12:00 GMT: Third Kusama Parachain Slot auction commences.
2021/07/06, 12:00 GMT: Fourth Kusama Parachain Slot auction commences.
2021/07/13, 12:00 GMT: Fifth Kusama Parachain Slot auction commences.
medium.com
Technicals
1) There's Hidden Bullish Divergence on the 4H chart of KSM - Price has made a higher low while the RSI oscillator is making a lower low.
2) Daily MACD has a bullish cross
3) Daily EMA ribbons are all bullishly crossed (not many cryptos have even a single daily EMA bullish cross)
-This is looking ripe for an ATH high to be made in the next few days - I've made an illustrative path the price could take to end of June - don't take it as verbatim. Anything can happen!
I'm also equally bullish on DOT (see chart below)
FACEBOOK ENTRYFacebook breaking out into all time high. C&H pattern.
Ranked 1st in group IBD. Composite Rating 98
Relative strength has been good compared to market as it has stayed above it's 50 EMA
Market is in "Confirmed Uptrend"
My only concern is the lack of volume on the break therefore entering 1/2 position that I normally would.
This is educational and not mean as advice in any means.
BTC's Recovery Path Out - DOES NOT Involve Breakout of PennantLiterally every single man, woman, child, dog, cat, turtle are posting the same pennant chart that has already gone to 95% of the formation which means it likely is invalidated yet everyone is still oddly calling for a break out or break down of the pennant.
There is a 3rd option and that is that the triangle is invalid and we continue to chop sideways and continue to recover.
Remember we are in a weekend right now and volume is VERY low and therefore the pattern has likely been invalidated for some time.
The best youtuber I've seen so far on TA is this guy ( Twitter | Youtube - and he explains this idea the same way but in more depth - it is a much watch if you want to see how BTC will recover out of this dip:
www.youtube.com
Quality matters!I believe it is good to review how functional our analysis is.
I want to share the multi-timeframe analysis I published last week for my Patrons/private subscribers, and let you judge the accuracy of the contents!
Some People think I publish my post to bait people to subscribe to my services!
I challenge them to publish their own analysis and next week we will review whose work has a higher rate of accuracy!
NASDAQ:AAPL
Multi-Timeframe Analysis:
Hourly Chart: Flat Top (Neutral)
Daily Chart: Flat Top (Neutral), rejected from 50 EMA, trading near its support level
Weekly Chart: Flat Top (Neutral) 5 red weeks in a row, last time it happened was October 2018, followed by a 30% correction ( Bearish )
Monthly Chart: Flat Top (Neutral)
Daily average trading value (YTD): Trading 32% below YTD (money outflow) ( Bearish )
Weekly average trading value: lowest since November 2020, 38% below last trading year. ( Bearish )
Monthly average trading value: lowest since February 2020. ( Bearish )
Conclusion: Wait to see if Apple can hold its support line, (be ready for closing your positions if you have the stock)
The most concerning point is :
Whenever Apple's average trading value dropped below its 12 monthly average we saw a correction to the level of 50 EMA /monthly.
NASDAQ:MSFT
Multi-Timeframe Analysis:
Hourly Chart: Ranged below the resistance level (Neutral- Bearish )
Daily Chart: At the support line since Jan 15th, 2021 (Neutral)
Weekly Chart: after 4 negative weeks in a row, slightly positive(1.85)
Daily average trading value (YTD): Trading 33% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 24% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 14% below last trading year average. (money outflow) ( Bearish )
Conclusion: Wait for reaction to support line. The decreased trading value is seen in all levels (D/W/M) is a concerning pattern!
NASDAQ:AMZN
Multi-Timeframe Analysis:
Hourly Chart: Flat Top (Neutral)
Daily Chart: Moving toward its support line. (Neutral- Bearish )
Weekly Chart: Doji at the middle of the regression channel (Neutral)
Monthly Chart: Pure sideway between 3550-2870 in the past 9 months. (Neutral)
Daily average trading value (YTD): Trading 37% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading36% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 15% below last trading year average. (money outflow) ( Bearish )
Conclusion: Neutral to Bearish in a sideway channel
NASDAQ:GOOG
Multi-Timeframe Analysis:
Hourly Chart: double Top with signs of rejection! ( Bearish )
Daily Chart: Bearish engulfing followed by bearish harami. ( Bearish )
Weekly Chart: bullish regression channel
Monthly Chart: Dragonfly Doji .
Daily average trading value (YTD): Trading 9% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 7% above last trading year average. (money inflow) ( Bullish )
Monthly average trading value: Trading equal to the last trading year average. (Neutral)
Conclusion: Neutral to Bearish
NASDAQ:FB
Multi-Timeframe Analysis:
Hourly Chart: Double Top ( Bearish )
Daily Chart: Double Top ( Bearish )
Weekly Chart: at the top of the regression channel ( Bearish )
Monthly Chart: Dragonfly Doji , possible reversal??? (Neutral-Bearish)
Daily average trading value (YTD): Trading 32 % below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 12% below the last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 5.5% below last trading year average. (money outflow) ( Bearish )
Conclusion: wait for reversal confirmation ( Neutral- Bearish )
NASDAQ:TSLA
Multi-Timeframe Analysis:
Hourly Chart: at the support level of a short-time bullish trend started 12 days ago!(Neutral)
Daily Chart: Bearish Harami and trading below 50EMA ( Bearish )
Weekly Chart: Spinning Bottom in a downward regression channel.
Monthly Chart: Flat Bottom (Neutral)
Daily average trading value (YTD): Trading 42% below YTD (money outflow) ( Bearish )
Weekly average trading value: Trading 26% below last trading year average. (money outflow) ( Bearish )
Monthly average trading value: Trading 27 % below last trading year average. (money outflow) ( Bearish )
Conclusion: Complex Correction with unpredictable moves!
what is your idea about the accuracy of these analyses???
Moshkelgosha
BREAKING: Facebook Diem will Use DOT Blockchain- EoY PT $1000 DOT's fundamentals couldn't be clearer. This is the buy of a century as DOT continues to release bullish news item after bullish news item.
Recently, a 2nd DOT ETP was launched which is backed by actual DOT - similar to how Grayscale buys BTC and ETH to back their ETP products.
The most recent bullish news item is the recently announced VC Fund, Master Ventures, announcing a $30 Million injection into the PolkaDot ecosystem as they believe DOT will be the superior crypto-asset and represents a new era of blockchain technology. Here's a quote from them:
"Founder & CEO at Master Ventures, Kyle Chase, notes about his Polkadot VC Fund, “In our current portfolio of incubated projects led by the PAID Network, we’ve also committed significant research & development resources to build on Polkadot. As such, we’ve gained amazing proprietary knowledge and insight into the current progress and future evolution of both projects and we believe Polkadot will be one of the clear long-term winning blockchains and ecosystems due to its cross-chain functionality, ease of development & deployment as well as the strength of its development community.”
Additionally, news has come out that a PolkaDot based, Pontem, has raised $4.5m to build FaceBook Diem using the PolkaDot based substrate!!!!!!
About Pontem
"The Pontem Network is described as a Polkadot Substrate-based chain, which means it can serve as a testnet for Facebook’s Diem blockchain. By utilizing a Polkadot parachain, Pontem can introduce developers to Diem’s potential, allowing them to validate their ideas before submitting them to the Diem Association."
beincrypto.com
FaceBook Diem is nearing its release and the entire world is asleep on how big of an impact Diem will be on the entire crypto market - this will represent a monumental shift change in perception, understanding, regulatory clarity, and a renewed spirit of the bull run.
We know the launch of Diem will be soon as Diem has recently relocated from Switzerland back to the United States - meaning their legal team has clarity from US regulators on the future of Diem.... the die has been cast - prepare for a new phase of crypto and consider yourself lucky if you have DOT....
Conclusion
Buying DOT here will be the buy of the century when more news on DOT developing Diem breaks... right now no one is paying attention and Mr. Market is asleep on the fundamentals of DOT.
Many will call me crazy here about DOT's upside PT but remember Diem represents a global paradigm shift and using DOT is important as a Power Law distribution will be in effect and I can envision a future where nearly all smart contracts are using the DOT ecosystem in some way. Ignore the haters - this has immense upside
I don't think it's out of the realm of possibilities to see a $1000 by end of cycle. Just my opinion, NFA! DYOR!
DOT BULLISH NEWS and BULLISH TA - June/July PT $80
DOT News on 6/1/2021
1) DOT ETP Launched in Europe on Swedish Stock Market (Grayscale is next)
cointelegraph.com
2) $USDT announces it will be first stablecoin launching on $DOT & $KSM ecosystems
tether.to
3) Westmine successful on DOT's shell parachain!
twitter.com
4) Kusama upgrading shell to Statemine!
(Same link as above)
Conclusion
Considering that the first 5 auctions on Kusama will roll out every 7 days once the schedule is announced any day - we should see DOT rolling out its first parachain in July... which is amazing considering the best estimates had this pegged at year end for PolkaDot - this is a huge shift in expectations and not many are pricing this in just yet.
Technicals
We're getting a bullish MACD daily cross and the EMA ribbons on 4H are decidedly turning bullish as the 20 is crossing the 34 4H EMA right now as we speak! .... it's especially bullish b/c this is happening the same time that we are getting a bullish cross in the daily MACD.... next up will be the 20 EMA crossing the 55 and the 34 crossing above the 55... DOT is looking more amazing every day on TA and is aligning amazingly well with fundamentals - still not too late to buy.
How is life going for the big 5? FB/AAPL/AMZN/GOOGL/MSFTToday, we will look at the 5 major companies from the S&P500, and we will check how everything is going for each of them.
Our first analysis starts on Facebook. After breaking an ascending channel that comes from 2014 and a huge corrective structure on the edge of it. We observed a clear breakout, and currently, the price is very close to making a new ATH. Using Fibo extensions of the biggest corrective pattern, we can create two targets. We are getting close to the first one, and we have a long trip towards the 2nd one.
APPL time. The price has been ranging since august 2020 without providing clear signals of the future direction of the price. By the moment, we can define a clear range, a broken descending channel, and a possible bearish corrective pattern (ABC). The real direction of the stock will be defined once the support or the resistance is clearly broken with a Weekly Candlestick.
MSFT time. We are inside a clear ascending channel with multiple corrective patterns that have been broken, making new Higher highs and new higher lows. Using Fibo Extensions on the Massive corrective pattern we can define two targets. The first one has already been reached. The other one is far away yet. However, we expect a bullish movement after the breakout of the last ABC corrective pattern.
AMZN time. As well as APPL, amazon has been ranging since September 2020. A few weeks ago, we had a breakout of the massive structure. However, we dint observed a new bullish movement. So, we are in the range again. This analysis was activated for us, and we have an invalidation level below the structure. IF our view is correct and a new bullish movement comes, we should see something proportional to the current correction, which means targets on the first and second fibo extension.
Finally GOOGL. The price has broken an ascending channel and currently is above. Here we have two scenarios either the price is extremely out of boundaries which means a re-entry to the broken channel. Or we are in the middle of a new acceleration. As we can see, we had several corrective patterns, and every breakout meant a new higher high and a new higher low. Following that logic, we draw two targets using fibo extensions on the last corrective pattern. We can see a final target at 2700. If the analysis does not go as expected, we can define an invalidation level below the structure.
Thanks for reading! We would love to see your daily view of these 5 big companies.
Facebook, with such a market sentiment....My advisor Marketmiracle yesterday generated an entry signal on the Facebook stock at the price of 327.84 with target 341.67 and a potential profit of 4.22
Analyzing the chart I jumped to the eye a strong market Sentiment to rise, in fact the stock does not yet demonstrate a great purchasing power by large investors ( strength that is however increasing ) but there is a strong push from small medium-sized investors and a strong market sentiment.
According to some of my sources of reference the price of the Stock is under of its just value and a strong increase of the invoicing is previewed in the next months.
It would seem that Facebook can become a good travel companion throughout 2021, for the moment the premises are there and I will keep it in consideration for future trade, for the moment I am content with the small leap forward reported ...
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
FB IdeaG'day Guys..
Today we going to analyse Facebook.
In hourly perspective, FB most likely creating a downside movement to complete the price structure.
This mean, we expecting downside movement before possible to bounce back continuing the uptrend journey targeting on previous high area as marked on the chart.
We considering this stock stable stock, but yeah stock can be sudden fluctuated based on investor sentiment.
For now, we expecting creating a downside movement.
Let's see what happen next.. cheers.