eltonTrades

eltonTrades Updated 

BINANCE:BTCUPUSDT Consolidation at the top forming a beautiful symmetrical triangle, looking for a breakout soon. If retest on the 138 level and the previous high of near 150, it will be sure to break out. It is only the matter of when.

eltonTrades

NYSE:XPEV Price has touched support at $56, even dipping just under towards $55 before rebouncing. Possible double bottom before XPeng takes off towards $85 Very possible and likely price for XPeng in the near future. I am liking the decrement of gap between XPeng and NIO. This narrow gap of competition would push these Chinese EV higher. I have not been...

eltonTrades

NYSE:NIO Consolidation for Chinese EV is slowing down, good time to enter again. Quite surprised I was lucky to predict NIO to long towards previous $57 before the dip happened. Correlation between Chinese EV and Tesla remains distraught. However, this consolidation is expected and healthy. If rejection continues at $50 as we have been seeing for a while, the...

eltonTrades Updated 

NYSE:XPEV Update on Xpeng. Prices are skyrocketing but this is too fast. Nio is now being undervalued by Xpeng. Price is at the highest peak of the Fibonacci retracement at 4.236. For those who like to take risk, now is a good time to take a short against Xpeng. For those who are holding, I would suggest to take profit before buying again at the dip. Either...

eltonTrades

NYSE:XPEV Xpeng has been on a retracement path towards a potential support at $56. If price reaches near $56 and forms a good rejection, price would start taking off towards $80. In order for Xpeng to grow, price needs to fall back down and $56 would be a good price for Xpeng to fall back on. Furthermore, if NIO were to close the gap with Xpeng, more investors...

eltonTrades

NASDAQ:NNDM Took a slight interest in NNDM. Entered at $5 and I think there is huge potential growth for NNDM. It nearly went belly-up but with the EV Hype, I think that the future is bright with NNDM. NNDM raised $100 million last week at $4, making the price at $5 more attractive. With regards to the fundamentals, NNDM just broke $6 resistance pre-market on...

eltonTrades

CURRENCYCOM:US500 As S&P 500 walks along the tight rope, will Chinese EV be heavily influenced by S&P 500? S&P 500 is looking to dip, which might cause another market crash, possible of 40% to 2100. This is interesting as it is aligned with Citron targeting NIO with a price of $25, around 48%. As Tesla correlation with S&P500 is much higher now, a strong tug of...

eltonTrades Updated 

NYSE:NIO Switched out from Xpeng to NIO at a high price under 46, when Xpeng momentarily took over NIO. Tradings have been volatile for swing traders like me as attention shifted to Tesla. Nonetheless, higher lows can be seen at NIO with clear support at 45. Expecting to take profit at 57 by friday before volatility pushing it back down at the end of the trading...

eltonTrades Updated 

NYSE:XPEV Tesla jumped $60 after news that it will join S&P500 This caused a huge momentum for the Chinese EV companies, pushing away bearish calls. I was waiting on the double bottom back at $38 but this would not be happening. Conditions will be pushed back to overbought later today and the day after following NIO's earnings. I regretted taking profit early...

eltonTrades Updated 

NYSE:PFE Bullish sentiment followed by a rejection around 37 last friday shows positive sentiment for investors to shift towards vaccine. Support at 38 seems to be forming. Future support at 40-41 is in clear sight. No reason not to miss this opportunity for a long position. Holding a position at 37, aiming to take half profit at 48 and hold the remaining.

eltonTrades

NYSE:XPEV Expected price to hover around 35 after sharp rise last week. Current range for Xpeng is 30-40 and a clear support is forming under 35. Furthermore, a slow decline in price for Xpeng while hovering above 30 is a strong sign for Xpeng. On a macro overhead, the market is currently favoring more towards NIO over Xpeng, so price would not overtake NIO in...

eltonTrades

NYSE:XPEV Strong selloff on Monday reaching support on 19.45. Good opportunity to take a long position leveraging on Fibonacci retracement for at least a 3:1 profit ratio. Furthermore, RSI is approaching oversold conditions.