Hello, Skyrexians! We have seen many negative reactions on our recent analysis on XRP where we pointed out that it it in the distribution zone. We don't understand the sense t hold such overbought asset. Even if growth continues the potential is very low. It's much better to take a look at assets which are still at the bottom, like $BINANCE:DOTUSDT. On the weekly time frame we can see that DOT tested the support level again and formed the confirmed green dot on the Bullish/Bearish Reversal Bar Indicator . This is the strong signal for the corrective global wave 2 finish. The next target is 1.61 Fibonacci extension at $88 at least. The maximal target is much higher at 2.61. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
Confessions from the Desk TIP LINE "The market is not rational, but your margin calls are very real." "If it’s not in the S&P 500, it’s in God’s hands." "Buy the rumor, sell the fundamentals." For NASDAQ:COIN earnings, are we thinking “to the moon” or “back to the depths of 2022”?
Discover what an NFT is and what all the hype is that's surrounding the space. An NFT, or non-fungible token, is a unique, digital certificate stored on a blockchain. This guarantees the originality of any item, giving the owner exclusive rights to it. Such tokens cannot be discreetly tampered with, split, or replaced because of the nature of the blockchain structure and anonymous encryption technology. Therefore, this system is best suited for securing rights to a unique object — a work of art, real estate, an artifact in a computer game, or something similar. This article will help you understand the peculiarities of the NFT concept and learn about the most expensive and unusual non-fungible tokens since their creation.
? ? Asset: Walgreens Boots Alliance, Inc. (WBA) ? Timeframe: 30-Min Chart ? Setup Type: Symmetrical Triangle Breakout ? Trade Plan (Long Position): ✅ Entry Zone: $9.59 (Breakout Confirmation) ✅ Stop-Loss (SL): $9.42 (Below Support) ? Take Profit Targets (Long Trade): ? TP1: $9.80 (First Resistance) ? TP2: $10.06 (Extended Bullish Target) ? Risk-Reward Ratio Calculation: ? Risk (Stop-Loss Distance): $9.59 - $9.42 = $0.17 ? Reward to TP1: $9.80 - $9.59 = $0.21 ? Risk-Reward Ratio to TP1: 1:1.2 ? Reward to TP2: $10.06 - $9.59 = $0.47 ? Risk-Reward Ratio to TP2: 1:2.7 ? Technical Analysis & Strategy: ? Breakout Confirmation: Strong buying momentum above $9.59 signals continuation. ? Pattern Formation: Symmetrical triangle breakout, indicating a bullish move. ? Key Support & Resistance Levels: ? $9.42 (Strong Support / SL Level) ? $9.59 (Breakout Zone / Entry) ? $9.80 (First Profit Target / Resistance) ? $10.06 (Final Target for Momentum Extension) ? Momentum Shift Expected: If price stays above $9.59, it could push towards $9.80 and $10.06. A higher volume breakout would confirm strength in the trend. ? Trade Execution & Risk Management: ? Volume Confirmation: Ensure buying volume remains strong after breakout. ? Trailing Stop Strategy: If price reaches TP1 ($9.80), move SL to entry ($9.59) to lock in profits. ? Partial Profit Booking Strategy: ✔ Take 50% profits at $9.80, let the rest run to $10.06. ✔ Adjust Stop-Loss to Break-even ($9.59) after TP1 is hit. ⚠️ Fake Breakout Risk: If price drops below $9.59, be cautious and watch for a retest before re-entering. ? Final Thoughts: ✔ Bullish Setup – If price holds above $9.59, higher targets are expected. ✔ Momentum Shift Possible – Watch for volume confirmation. ✔ Favorable Risk-Reward Ratio – 1:1.2 to TP1, 1:2.7 to TP2. ? Stick to the plan, manage risk, and trade smart! ?? ? #StockTrading #WBA #BreakoutTrade #TechnicalAnalysis #MarketTrends #ProfittoPath
The SPDR Energy Select Sector ETF has wavered for almost a year, and some traders may expect a push to the downside. The first pattern on today’s chart is the series of lower highs since mid-November. December also saw a lower low versus September. That may reflect a bearish longer-term trend. Next, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late 2024. Those two SMAs, plus the 100-day SMA, are close to each other on the chart. Could that long neutral period create potential for prices to start moving? Third, MACD is falling and the 8-day exponential moving average (EMA) is below the 21-day EMA. Those patterns may reflect bearishness in the short term. Finally, the recent series of higher lows may be viewed as a bearish flag. If it resolves to the downside, December’s 52-week low of $82.75 could be viewed as the next logical support. Standardized Performances for the ETF mentioned above: SPDR Select Sector Energy ETF (XLE) 1-year: +5.07% 5-years: +64% 10-year: +18.82% (As of January 31, 2025) Exchange Traded Funds ("ETFs") are subject to management fees and other expenses. Before making investment decisions, investors should carefully read information found in the prospectus or summary prospectus, if available, including investment objectives, risks, charges, and expenses. Click here to find the prospectus. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/ . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
Price has approached our support zone on the 30-minute timeframe and also our support on a higher timeframe. Now we can look for a buy entry up to the sell GWS, as we must be aware that we are still in a sell trend and need to have the trade on an appropriate timeframe. However, it’s also possible that the price breaks our LL, where, after a bounce off the LL, we can look for a continuation of the sell trend.
Vertex Pharmaceuticals ended January with a big rally. Now, after a pullback, some traders may see an opportunity. The first pattern on today’s chart is the price gap on January 31 after the FDA approved its Journavx painkiller. (It’s the first of its kind to treat pain in a unique way without addiction risks.) The stock has retraced the surge, which may appeal to dip buyers. Second is the October 7 close of $448.60. VRTX held that level in late November and again on December 18 before gapping down. The stock is now trying to stabilize in the same location, suggesting support may remain in effect. Next, the MACD surge in January could reflect bullish short-term momentum. Prices are also trying to hold the rising 21-day exponential moving average. Finally, VRTX is near its 50-, 100- and 200-day simple moving averages. That may create potential for the longer-term trend to accelerate if the short-term strength continues. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com/DisclosureOptions . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com/Important-Information/ . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com/DisclosureTSCompanies for further important information explaining what this means.
Trend re-entries can be hard. The difficult part is knowing if price will continue to pull back or will it shift back into the original direction. This is a strategy with some extra notes to help you understand 1. The Original entry 2. The Re-Entry 3. Is my trend ending For this you'll need two indicators: The Zero Lag Multi Timeframe Moving Average and The Stocashi + Caffeine Crush In the video I show you how to adjust the settings for a 5 minute chart on both indicators. Long Entry rules: You have 3 MAs. The longest one is your support and resistance The other two are your "trading" and "trending" MAs If price is above your support and resistance, your trading and trending should be right side up. If price close in between trading and trending, the stocashi should be at a low point. It needs to arrive at this low point by previous crossing down through its midline. **If it did not cross down through its midline, there is no entry here** Once price closes above the trading MA, you should have a rising stocashi from its valid low point. During this uptrend, each time price pulls back in between the trading and trending MAs, the Stocashi should be at a valid low point. Re-enter your long trade as long as: Stocashi made a valid low Price is closing above the trading MA Trading MA is above Trending MA Trending MA is above Support and Resistance MA. You can reverse all of these instructions for taking short trades. Potential Market Flip If you are getting consistent invalid lows on Stocashi while price is in a correct position, this means you are losing your trend, and you should wait for your price to close below the Support and Resistance MA. At this point your Trading and Trending MAs should be upside down. They do not always have to be BELOW the Support and Resistance MA.
BINANCE:VOXELUSDT On the weekly chart we have a positive divergence and this is a sign of an upcoming movement, confirmation starts to exceed 0.2 when crossing the line. We have several target levels, the most important of which is 0.4, and if it is exceeded, it will open the way for the rest of the targets . ( This is just an opinion about the currency and is not considered investment advice.) Your decision is your responsibility ...
Pace =Buy with a stop loss 5.85 TP01=6.9 and 8.35...longterm 13.