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Retracement

Cardano(ADAUSD) LONG $2.0A quick analysis on Cardano(ADAUSD) : 1) Cardano had a nice IMPULSE run-up from Dec 2020 to Feb 2021 going from $0.13 to $1.47 as shown in my 5 point wave in the diagram above 2) After a good impulse phase comes the CORRECTION phase, markets usually stay two-thirds of the time in a correction phase 3) Looks like the correction is a FLAT correction look at my wave A-B-C a nice 3-3-5 correction 4) The FLAT correction phase is also called the distribution phase 5) Hopefully the next impulse wave starts after the correction phase if the wave breaks out of the distribution phase shown with red line at 1.48 to go to $2 or $2.5 6) If it can't break resistance then it might make it's way down to the support and break down at around $1 Summary : ------------- 1) Looks like the bulls/buyers are taking control and hopefully break the resistance at $1.48 to reach the next level of $2 (or) $2.5 to reach ATH(all-time-high) 2) watch out for those blue lines to take positions accordingly Happy trading, feedback is always appreciated
BITFINEX:ADAUSDLong
by JAN360
1
TSLA - Here we go (up) againAfter hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over: 1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off here and 2. formed a bullish engulfing candle 3 bullish divergence seen between price and stochastics Those who go long now will need to put the initial stop loss below it's last low of 666 (perhaps as low as 658). Should this trade fail, retest at the next significant support around 591. Should the trade works out (which at this point the odds looks good), consider to take partial profits @ 780, then 900-925 and finally 1000. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Feel free to give me your thoughts ! :)
NASDAQ:TSLALong
by Juliac
2
TSLA will meet prices below 500 before eventually meeting 1000 $TSLA is currently completing it's wave 3 of C of B which means we are still in the correction and resumption of bearish trend will happen soon. Important resistances are 763 and 825 corresponding to 0.618 and 0.786 Retracemenets respectively. A small correction and 1 more short ascending wave is predicted before the completion of whole wave B and starting down going wave C. In this scenario, TSLA will fall below 500 and the correction will end at around 450 USD. An interesting point is that TSLA and AAPL charts are very similar. One may argue that descending trend line has been broken upward or Ichimoko system shows ascending trend but DO NOT FORGOT that these signals usually show themselves in a large wave B. So it is wise to be cautious about these kind of signals. If you doubt about this use Multi Unit Trade Strategy and save some profit and you will not regret if the Stock follow the predicted scenario. Good Luck
NASDAQ:TSLAShort
by SaeedSajedi
48
NULS- If You Aint Got it, Get It❗️ Before You Regret It💎NULS saw a massive breakout on BTC charts followed by a textbook retracement right back to our liquidity area. This is prime real-estate for picking up a potential long and there's PLENTY of up room left on this chart. These corrections on the market ARE NOT a bad thing. I know it seems like the sky is falling, but for growth to continue we must stay away from a parabolic top, and these small hops down are what prevents everything from crashing down. And lets be honest - It's not every day the market gives you a second chance to buy in at this level... DO NOT SQUANDER IT!
Long
by cryptosince1963
1
$SPY fly too highAnother idea why the $SPY has had an incredible run. A simple and effective analysis - K.I.S.S! 200 SMA DIFF = - The spy has historically respected the daily 200 MA. In four different sequences, we see 3 times where there is 1 return to the daily 200 MA over an extended period of time: 1. 463 Days : DIFF - 37.98% 3. 272 Days : DIFF - 23.92% 4. *+303 Days : DIFF - 39.06% *(current timeline before return to 200 MA) The fourth idea - sequence number two - returns to the 200 MA 8 times over 399 days. Where the DIFF is 12.94%. This current period (303 Days) trending without return to the daily 200 SMA is average compared two the other two period's analysis. However, the current return is more than a % of the next records return, which lasted the longest - 463 days. Currently we are above the 200 SMA by $54.21 | 14.96% TL;DR - Over extended in such a short period of time from the 200 SMA Fibonacci Orange Diagram Since the lowest point of the COVID crash - $218.26 - We have extended to a key level in this phase - the 1.68 retracement level. This key extension period displays the possible run from a pullback. Though we have hit this level with key momentum, volume and activity is decreasing (Note weakening RSI). I say, a final push bull-trap rally while past a record $400 significant whole level. Gap To Fill Another reason to be short in the short-term. Here is a great post for a short-term bearish signal: The gap to be filled at the $400 level. TL;DR #2: 1. Haven't hit a 200 SMA after an incredible run. Usually the SPY the respects the 200 a couple times over this same period. If not, they are noted above and in the diagram. 2. We have hit a key extension in the Fib, Thoughts are a Final bull trap rally in the 400+ space. Exhausting volume and weakened RSI. 3. If you do not want to be long, there is a good analysis on the gap that should fill - Link for this analysis above. Best of luck and all love traders
AMEX:SPYShort
by Langutang
BTC Dump Breakdown!!BINANCE:BTCUSD BINANCE:BTCUSDT Hi , so as you all know that we are having a significant dump because of different fundamental and technical reasons such as overextending price in a short period of time and bearish news and ...!! So currently we can't claim that the pullback is over or we will continue dumping , the best thing that we can do is to wait for the market to play it's moves and when we get bullish signals we can get back in and open long positions. Currently we are in a high traffic area and we have support both from market structures and the 100 D EMA , so if we hold this level we can monitor the price action on lower time frames to look for bullish signals to confidently claim that the pullback is over. But of we can't hold this level too we will head towards our next support level witch is at 43k to 45k levels . At this level we have 21 W EMA and market structure support . The 21 W EMA is a strong support for BTC market overall and in different bull markets we retest this support many times and it's a normal behavior , so if we get support from this area and shift from lower time frame bearish market to lower time frame bullish market we we will wait till we get one of our valid entry signals and safely open our trades and enjoy the rest of the Bullmarket . But if we break this level too we can officially say that the bull run is over. So anyway trade cautiously and if you did found my idea helpful consider leaving a like and sharing your opinions with me by leaving a comment . Thanks ;)
BITSTAMP:BTCUSDLong
by arshia3h
DOGEUSDT AnalysisHello traders! After the Huge pump doge is continuously dropping and the bears are not settling yet. We can see one more drop to the previous low and the drop can below the support and will use it to form some strong reversal pattern. These patterns will form below the support like. This post is just to share my views on doge. This is not trading advice in this pair as it is very volatile and can change the views on any good/bad news. Don't forget to hit the like button and follow to stay connected
Short
by Aadil1000x
2