Please see chart for details. These are the trades we generally share to the group privately.
Traders, Believe it or not Solana has still got more juice in it before a bigger pullback and this inverse head and shoulders pattern is now in play. Target will be 135. SL is around 100 with a 3-1 RRR. Stewdamus
I’m going long Audio here to 26 cents. SL 20 cents. Entry was 22. RRR is 2.5. Stewdamus
Back in APE. About to break that neckline. Beautiful longer trending Cup and Handle. Target 2.52
Profit potential on this trade could be up to 40%+ on this trade. I like POWR in this bull triangle nearly ready to exit and launch. I've entered here and will exit 50% of my trade at target one around 35 cents. I will then move my stops up to around 32 cents and let the rest ride in hopes of tagging that final target at 41 cents or so. This is just the way I am...
Arb had a technically beautiful pull back right to the 50 percent retracement fib level which also happens to be about where that 50 day SMA is pulling up to lend a helping hand in supporting price here. You can also see that we are in a bullish triangle. Could we drop to the bottom side of that triangle before we exit? Yes, absolutely. But the reason I am...
Happy Thanksgiving American Friends. I still do expect a holiday weekend pump though we have not gotten as much of a pullback as I had expected to precede this expected pump. For this reason, I have been picking altcoins to go long on that have either not pumped hard yet or have found good support and still have targets to reach. One such coin appears to be...
Traders, I like Litecoin here. Especially before the holiday weekend. Litecoin has been a little bit of a laggard here in these most recent altcoin pumps. But I love that its got pretty decent support rn on the underside with that 50 day SMA, 100 day SMA, and previous inverse H&S neckline now all acting as support. Additionally, that RSI is right down where I...
A 5-wave impulsive rise was spotted in SBIN beginning on 26Oct and ending on 16Nov.The stock moved 8% during this impulse. The correction that began on 16 Nov was quite steep and swift forcing the stock to give up on 70% of the gains it made during 'wave i' phase. Now, however after having completed the correction the stock is set to move up again in 'wave iii'...
This one will be a longer-term swing. It may take weeks. It may take months. But the bottom line is that I like almost everything I see about this chart. Let's start all the way at the bottom. In mid-June price was at or near multi-year lows. RSI indicates we were way oversold. We started digging ourselves out of the hole then and haven't really looked back. That...
Traders, I was stopped out of three trades today but all of them had nice little profits. I'll take that going long in a bear market. Let's continue our win streak. I've added XRP as a long play to at least that 100-day ma. The red level just above that at 58.5 cents is likely where I'd take 100% off of the table. SL is 49.2 cents for an r/r of up to...
Traders, In this video, I am cruising through my altcoin list. These are a few alts that I enjoy trading. We'll look at setup opportunities, technical patterns, and discuss potential entry prices. Hope you enjoy. Stew
Traders, In addition to breaking out of the triangle, LTC has now formed and broken the neckline of an Inverse Head and Shoulders. The target here takes us straight to the underside of that RED TL (major resistance) and that will be my target. Entry = 67.67 Target = around 78-80 SL = under 63 R/R = 2.5 Additionally, I have move the stops of ALL my other trades...
Entry: with price at or slightly above 393.68 Volume: with volume greater than 1.47M Target: 408.78 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 393.68 & target of 408.78, a stop at 386.12 gets you 2/1 Reward to Risk Ratio. This LONG swing...
AUD/JPY – 9/20/23 As always, I initially begin my analysis process by noting any key economic events taking place for the pair within the coming days. This information could be key to understanding the movement of the charts on a deeper level. - In the pair we’re analyzing today, we’ll see that we’re approaching a strong area of resistance that has failed...
Traders, Admittedly, I am making this trade partially because I am a little bored with this price action in the crypto space lately. But, SAND is oversold and it has been for a few weeks. I expect a pop anytime now. Additionally, you can see we are still in a bullish descending triangle. Now, in a bull market, this would be highly bullish to exit. However, I...
Support on the 200 day. Support on long-trending RSI. I expect a bounce. Cost 1800 SL 1700 Target 2200 This is not financial advice. Just showing you all what I am doing here. Best, Stew
Another entry here for me in Litecoin. It actually missed my trigger buy at $77.50. But I didn't want to wait anymore. Bought at 77.12. SL is 71.69 for now. Will take profits along the way with an overall target of $106. A little more on why I took this trade. Of course, fundamentally, you all probably know that halving occurred. The market sold the news and now...