Rebound
Tesla Poised to Climb Towards $700.00The share price of Tesla seems poised to appreciate towards the psychologically significant resistance level at 700.00 over the med-term. The prominence of this level is derived from the fact that it is positioned remarkably close to the 23.6% Fibonacci retracement.
The latest upswing originated from the 38.2 per cent Fibonacci. The reinvigorated bullish commitment stems from the fact that this rebound also occurred from the 200-day MA (in orange). Not only that, but the price action also appears to be developing a Double Bottom pattern, which entails mounting bullish pressure.
However, market bulls should watch several key developments. First, the Stochastic RSI indicator indicates peaking buying pressure, which could potentially imply that the upswing may be interrupted soon. Moreover, the price action would also have difficulties in breaking out above the 50-day MA (in green) and the descending trend line (in red).
Dogecoin is Not Out of the Doghouse Just Yet Dogecoin is currently trading in a downtrend, and traders should not hope for an immediate rebound. The price is likely to fall to 0.2000 (major support) at least one more time before it starts consolidating.
Traders should only consider going long once there are clear indications that the price is ready to strengthen above this critical threshold. Those would involve consolidation of the kind represented on the chart - the establishment of higher lows.
Coinbase Levelling out set for rebound to $290It's a bit early to do a detiled analysis, yet there are a few signs that CoinBase is turning for the better.
We can see the converging triangle coming to a head.
Heiken Ashi Candles are signalling a turn for the better along with a stronger upward tangent, tightlyly held now with a marked reduction in Volume
shown on this chart.
Price should reach inflexion point by end of today, breaching the $270 mark and continuing toward $290 to $300 over the next 4 days as Volumes pick up in line with confidence of the rebound.
FED and BOJ's Policy Decisions to Jolt the USDJPY The Federal Reserve in the U.S. and the Bank of Japan have their April policy meetings taking place this week, which is likely to boost the underlying volatility currently observed on the USDJPY.
At present, the price action is contained within the boundaries of a Descending Wedge, which is a type of pattern that typically entails the likely continuation of bullish price action (after the price breaks out above the Wedge's upper boundary). It is also interesting to note that the price action is currently consolidating around the 38.2% Fibonacci retracement level.
The price action is likely to continue fluctuating between this pivotal support and the upper boundary of the Wedge in the near future before the eventual breakout takes place.
FLMBUSD 4H Rebound - LongThis was a private idea of mine from some days ago that I wasn't confident enough to post yet.
I looked at it today and the idea was quite close to what the current state of FLM is right now so here it is!
FLMBUSD currently consolidating after a push towards 1.25.
It is slowly declining towards 0.80. I'm feeling that it will rebound soon, reaching its previous ATH.
FLM is an interesting coin and can be seen as a solid investment long term.
It won't be the ultimate project in your portfolio, but can be an easy x2 on the long term. At the moment it is fairly undervalued and the project is
still developing a lot. Da Hongfei, the founder of NEO, is personally involved in the project and FLM is the main DeFi solution on the NEO blockchain.
Looking at similar projects we have:
ETH - UNISWAP (7% of market cap of ethereum)
BNB - PANCAKESWAP (4% of market cap of BNB)
NEO - FLM (2.8% of market cap of NEO)
QTUM - QISWAP
Let me know in the comments what you guys think! Am I right or wrong? Either is fine so I can re-evaluate my long position :)
Will IGNIS fizzle or RE-IGNITE, watch 23 cents and find out!With various action centered around whole cent price points, IGNIS on the 4 hr chart looks to briefly consolidate, touch 23 cents and either shoot back up (setting fire to the rain) or make a small, minor correction back to the next whole cent number. WATCH THE REST OF THE DAY, maybe you can get in on the next spike. Watch volume to see if the rebound is real or just a low-energy rebound.
Remember if trading is stressing you out, invest in a hammock. Trading is always more relaxing in a hammock.. Just saying..
Hystorical opportunity for a bounce. 5 year history shows all time highs drop and bounce between a defined space. Take profits within the boxes.
My stance:
Short in long term.
Long in short Term.
CCIV lucid dream completeLast post I said it was lucid dreaming, following that post we saw around 50% drop. I think CCIV is almost done day dreaming and will see a rebound soon. Sitting right on the 200ma on the daily, I have the 8ma pulled up and expect a ride up/continuation here.
Thank you for checking out the post! Good luck trade safe
BNB/USDT - LONGIn the chart you will see my thoughts on Binance coin.
I am sure that if we saw the rebound once, we will witness it second time with greater strength.
I am lon in this scenario as the expect ROI is around 14%.
Always do your own research before investing.
GEVO just left resistance band With the S&P500 being less than a percentage point away from it's ATH (as of writing this message), GEVO seems to has left another resistance band. With the recent correction explained by a change in bond prices, GEVO seems to be recovering strongly, testing resistance each time before moving towards it's next resistance band.
AAVEUSDT - Simple path to +20%Not a financial advise:
I feel like this is a possible path AAVE could take.
I'll just survey each time the price is close to the support line (dotted green), to see if it will break it or rebound.
🔥 COTI Rebound: Added To Binance FuturesLast night COTI announced that they will be added to Binance futures with leverage up to 25x. This trade expands on this fact.
First of all, there's the minor sell-off that happened last night. As of now, it seems that both BTC and the rest of the crypto's are rebounding and going back up. COTI seems like a proper candidate for strong gains since investors can finally make big short term bets by using leverage. Leverage increases the intensity of both bullish and bearish moves. Since the outlook is bullish, I'm expecting great things!
Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence.
Happy trading!
OMG/USDT Found support to fight backOMG dropped strongly after reaching its previous ATH.
Finally we found a horizontal support line as well as a rising support line (Yellow).
OMG will make its way and rise again to crush its ATH.
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
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.
Helplines:
- Purple lines are trendlines we take a look at.
- Yellow lines are for visual help only.
Convergences and a significant retestADA is currently settling down after trending hard all day. ADA broke out of a relatively tight channel today and slightly over shot my price target of 1.049usd. Currently ADA is retesting the broad support area that it has been able to rubber band back into every time it has broke it as of late. This time however price has not rebounded with the same momentum. I expect a rebound if price can close hourly and higher above this area.
🔥 IOST Strong Potential Rebound TradeIOST is experiencing strong bearish pressure today. A lot of cryptos are seeing good returns, but IOST is severely lagging behind the rest. In case we will experience a strong sell-off again in the near future, this trade will act on the potential rebound resulting from said sell-off.
Before entering this trade wait for the price to touch the Entry line.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs/lows and round numbers. Do your own due diligence.
Happy trading!
🔥 LUNA Strong Bounce Off SupportLUNA has seen some crazy gains over the last couple of weeks, increasing more than 1,000%! It seems that this coin is experiencing a never ending party.
Since earlier today, LUNA is on a new bullish path upward since it rebounded from the support line. Even during Bitcoins plunge earlier this week, LUNA remained very stable, a great sign of bullish strength. Signs that a new all time high might be on the horizon!
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs and round numbers. Do your own due diligence.
Happy trading!
🔥 QTUM Rebound TradeAfter the quick dump last night, most crypto's seem to be making up their losses rather quickly. QTUM is one of them. This trade is based on the idea that this quick dump will be quickly bought up today.
On the chart I’ve marked two potential areas of resistance, R1 and R2. These areas are based on recent swing highs. Do your own due diligence.
Happy trading!
$XZC.X (ZCOIN), do we have an opportunity on the rebound here?Hi Community,
XZC seems to offer an opportunity here.
Here is what I see:
Price is rebounding from an ascending support line, which was previously tested.
RSI 1H TF just moved above 30.
RSI 4H TF is below 30.
A potential 70% profit if price breaks the descending resistance line and flips it to support.
Potential TP Targets:
TP1: 3.70$
TP2: 5.03$
What do you think?
Comments and feedback are most welcome.
If you think I am on the right track, a "like" will be most appreciated. :)
Thank you and Happy trading!
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Needless to say, this is not financial advice!
Still learning here, so please be nice!
