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BNGO Potential long position around 12.00 supportBNGO broke below the 12.00 support today. Two possible scenarios now, the price further tanks but I would not expect it to dip below 10. I am personally expecting a bounce back after today's dip as: Not much volume to justify downtrend strength Stochastic shows oversold signal at support RSI shows oversold signal at support No strong downtrend indicator overall But please keep in mind that the price already went up +2000% in the past 3 months, and that the pharma market took a little hit today. Trade well!
NASDAQ:BNGOLong
by feelsgains
3
SEC vs XRP Sparks Will Fly A title with two meanings. Sparks will fly when the SEC makes their move with at least some knowledge of the lawsuit on Feb 22. Maybe a resolution but I'm certainly not holding my breath. The sparks will come from price exploding in reaction to whatever is learned. The outcome could be bearish or bullish. The second meaning refers to the literal Spark tokens that will soon begin "flying" to thousands of wallets all around the world. Short term volatility is guaranteed. My long term outlook is this... you can answer the questions for yourself... XRP = Bankers Coin Bankers run the world. (they really do its not my opinion, look deeper if you have doubts) CBDC's (central bank digital currencies) are coming. Fiat needs a fix, quantitative easing loosing its ability to dictate fiscal policy. Digital money will only increase in popularity, there will be winners and losers. Betting against it would be like writing off the internet in 1998. What is all this noise of real time payments? They are suddenly a frequent talking point. Beyond a talking point there are actual major issues with the outdated financial infrastructure. (on a global scale mind you) Who is out front and center stage in attempts to solve that issue through blockchain technology? Have they just begun their work or been at it for years? What is their proximity to global government bodies that are calling for a new Bretton Woods Agreement? XRP coiling up for one of the greatest bitch slaps the doubters of humanity have ever seen. When you are born and live in a world order guided by direction and long term planning. Don't bet against the house. Not. Financial. Advice.
KRAKEN:XRPUSD
by MitchMilli
2
VBLT RETEST THE 34 EMA??Possible 34 EMA bounce, entry $2.33 with volume and Stochastic reversal - *Buy the dip* on an uptrending stock- Here we have an interesting stock that IS looking to retest the 34 EMA. If that happens, and it runs north, this should bode well for a nice bullish move! Knowledge says to buy the dip on an uptrending stock; consolidation is our friend, and a 34 EMA retest is our confirmation of the move. Bull volume is key; volume is the support needed to uphold price movement. Price here could get squeezed between the 8 EMA and the 34 EMA, so it may take a little more time to pop the movement. Another key point to make is the Stochastic is in an oversold condition, almost to the bottom of the range, indicating it's discount time for Vascular Biogenics. *Let's see what happens* DISCLAIMER - I am not a professional trader. These are merely my thoughts and possible moves; i enjoy watching these stocks validate my process or slap me across the face lol. If you are in need of professional assistance with your trades, don't look here. I am not that guy.
VLong
by mrmaximo74
1
IT'S TIME TO GET A BAG OF BATSDear Traders, As you can see in the RSI BAT is oversold in the weekly time frame. Looking at the chart we can identify that price structure has also formed a falling wedge. If we look at fibbonaccis we can see that BAT could have found support @ 1.618 fib level. If we look at BAT in the |DAILY TIMEFRAME|, MACD already signals a bullish cross. I expect alts to try something while bitcoin rests for a while. Targets: TP1: 0.00001569 Satoshis TP2: 0.00002000 Satoshis Stop-Loss: SL: 0.00000575 I know that SL is a bit extreme but at this levels it's better not to sell until we break previous minimum prices. I wish you the best of luck!
Long
by Janpr99
TIME TO GET A BAG OF TOMODear Traders, As you can see in the chart above we have an oversold RSI with a bullish MACD cross. The price has formed a falling wedge structure that has been recently broken and a confirmation has been made. It's time to see an upwards movement. As you probably know there are good fundamentals for tomochain for the end of january and the beginning of february which include: The mainnet hardfork to update to the latest EVM (31/01) TomoBridge which will enable TomoChain to support ERC20 tokens (31/01) TomoP a protocol that allows anonymous transactions (31/01) LuaSwap which will make TomoChain transactions faster than Ethereum and near to 0 fees. (31/01) Halving, the rewards will decrease from 250 Tomochain/block to 125. (07/02) Targets: TP1: 0.00005604 Satoshis TP2: 0.00008824 Satoshis Stop-Loss: SL: 0.00002650 Satoshis I wish you the best of luck!
TLong
by Janpr99
4
EGLDUSDT Volatility Expansion Starts!Hello trader, EGLD just broke out from its ATH at 30 USDT and rising. I want to test and see the "volatility expansion &price increase" correlation idea on this one. As you can see I have my bollinger band width indicator and stoch rsi on at the bottom. BBW is currently sitting around 0.41 and previous peak was around 1.28. Volatility has at least 3x room to grow. On top of that, stoch rsi is at fantastic neutral levels in the daily TF and rising, altough intra-day TF looks a bit overbought, i am not so sure about fixating on those since i am a trend follower. If you are using intraday TF in your trading, consider this overbought situation in your trading setups. Potential resistance levels wise, i see around 35 USDT level is the first major resistance coming from fib-retracement of 1.618. So keep an eye on that one for some TP targets.
Long
by Shanks21
DXY Embarks on a Ranging MarketThe dollar has ended 2020 with a yearly loss of more than 7%, and more than 12% from last year March the highest near 103. Last week, the dollar continued to fall and break new low but managed to recover and close just next to the week's opening price. One fact for sure is that the dollar is too weak to perform another bearish trend that's significant enough. In fact, the rebound came after it found support at a broken falling trendline as seen in the H4 chart. While we do not expect the dollar to be strong, a rebound is almost inevitable. We can start to buy the dollar and aim for a range high, probably somewhere nearer to 92 first.
TVC:DXYLong
by AlgoVenture