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Let's look at the bigger picture for BITCOIN ! Up or Down ?This analysis is based on weekly candles for BTCUSDT. Bitcoin has been doing pretty well lately, making higher highs and breaking it's own records week after week. If the price is able to hold $57k range for some more time, it could see another upward movement, targets for which are $75K or even $100k. On the other hand, if it breaks the immediate support, the next support lies at around $45k which could also act as a good support and bitcoin might accumulate between this range and immediate support range to make a move higher. Breaking $45k areas, could see upto -40% decline. The RSI weekly has been in the overbought zone since 26 weeks now, and we can see a hidden bearish divergence, however if RSI breaks this divergence, it's due for another rally. MACD and signal lines are also far apart, and MACD line might soon cross under the signal line, if the masses begin to sell or take profits. This isn't a very good time to buy more BTC, or get into any long trades. Traders should wait for few more weeks for the confirmation and act accordingly. Do your own research Follow us for more ideas and do like and comment. Kindly share your views on the analysis. Happy Trading
by Tuned_Official
2
BNB has broken $600 mark. Time for a pullback or another leg up!So, BNB has finally crossed $600 mark within no time. It was just last week, when I wrote my previous analysis for BNB and it was trading at around $340 at that time. It has been climbing real fast. What now ? Is it a time for a pullback or do you see another leg up ? share your views In my opinion, RSI is overbought for the fifth time now, MACD and signal lines are far apart. Also, the price has broken upper bollinger band. Volume has seen a good spike up. It should see a pullback soon. May be could visit $500 to $600 areas, accumulate and move further upwards. On the other hand, if the volume keeps on increasing it might break the next psychological level of $650, $675 or even $700. Who knows, it's a free territory for BNB. For trading setups, I would say " BNB is in price discovery at the moment which makes prediction difficult, at this point it would be risky to go long" . Wait for a pullback, a confirmation and then fill your bags, if you want to. Markets discount everything. Remember that :D For more trading ideas, follow us Happy Trading
by Tuned_Official
2
VUZI - Personal Price Target $100 🚀VUZI (Vuzix Corporation) is a current leader in the constantly expanding AR market for both businesses and consumers alike. I have personally been heavily invested in this stock since $9.53, and my current price target for the stock is $100+ within 2-3 years, although this may potentially occur in 1-2 years. Over the past 4 or so months, we have seen VUZI grow over 650%, and according to my analysis it looks set for a continued uptrend. TECHNICAL / INDICATOR BASED ANALYSIS: Currently the EMA 8 is still in a strong uptrend ever since crossing over the EMA 200. We also can see on my dashboard that the trend is currently bullish, and the Trend Panel is displaying almost 100% uptrend sentiment on all timeframes. (link to this free indicator below) COMPANY / FINANCIAL ANALYSIS: I like to keep my analysis simple, and so the information below will be listed in short and easily digestible bullet points. VUZI is an extremely strong company, with minimal debt and liabilities, and enough cash on hand to cover all of this at any time ARKQ has consistently loaded up on shares ever since the $18 range, and they now hold over 2 million shares With Apple and numerous other companies essentially set on releasing AR glasses for consumers within the next year or so, this will give massive validation to VUZI as a company, and it will also draw many more investors into the AR market VUZI has a partnership with Verizon for 5G technology to be implemented Citron has already announced he would never short the company which is a good indicator that its likely to go up, as he is an extremely bearish and very reputable analyst VUZI recently released their full year earnings in December, in which they reported $11.6 million in total revenue as compared to $6.7 million the prior year. This is a 74% year over year increase The market for AR headsets / glasses has been estimated to grow at a compound annual growth rate of 73.8% from 2019 to 2025, and so far it has been meeting these expectations rapidly All in all, this is just my opinion on VUZI as a company. If you disagree with my analysis or don't think I've done enough research, feel free to tell me your thoughts in the comments. I am not a financial advisor and I trade solely because I enjoy it. If you do happen to agree with my analysis or if you enjoy what you've read so far, please drop a like an follow me! I would love to hear everyone's thoughts! P.S. the indicator I used in this image was made by me and can be found for free here! with love, -Lemon 🍋
NASDAQ:VUZILong
by HomelessLemon
24
UNI have unlimited potential, Already up 2808.5% in 7 months !Today's analysis is about UNIUSDT on 1D timeframe. UNI is the governance token for Uniswap , just like BNB is for Binance exchange. But UNI has shown about 2800% gains in just 7 months. Uniswap is a decentralized exchange (DEX) that makes it easy for users to swap an ERC-20 token for another ERC-20 token without the need of a centralized intermediary. Let's talk about the analysis now. It seems like UNI is range bound for now trading between $20 and $30, and accumulating further. We can see immediate support at about $25, as it has already tried to break the above range three times, hence Triple Top. I am using a ghost feed to show the price projection for both scenarios, if the price holds the immediate support level and breaks the immediate resistance, UNI is going to see another leg upward in the free zone. On the other hand, if price breaks the immediate support level, it might see a downtrend. I have a bullish bias as I can see a hidden volume bullish divergence, and also MACD is flat but MACD line might crossover signal if volume increases. Daily analysis gives long term trade ideas, where investors hold their positions for weeks or even months. I would say, if it breaks the resistance with good volume and also if MACD line and signal line crosses over with a good percentage, it's a good idea to buy some UNI or go LONG on it. Not a financial advise, DYOR and follow us for more ideas. HAPPY TRADING
by Tuned_Official
Story of XRP! It touched 1$. What Next ?This analysis is for XRPUSDT on 4HR Timeframe XRP have recently touched the 1$ mark and have achieved this with a good volume. RSI have seen a downward movement after visiting the overbought zone and achieving an ATH. For MACD, the signal line is looking to cross down the macd line. If the price holds support1 which is at $0.9, this is good for XRP in order to see another leg upwards. If it breaks this support, next immediate support level is at $0.8, which if broken, it can see a down trend till $0.6 levels. On the other hand, if XRP holds between support1 and support2 and accumulates further, it could easily break the current ATH and the immediate resistance, and visit the free territory. Traders can open long positions, or fill their bags on spot if it accumulates between both the support levels and take profits periodically. Stop Losses can be placed below $0.80 Thanks for reading our analysis and comment below for what do you think? Follow us for more ideas Happy Trading
by Tuned_Official
4
Bullish pennant on 4HR. Is it going for another ATH ?This analysis is for BNBUSDT on 4H timeframe. I am using below setup for this analysis Indicator used : MFI (Money Flow Index) which is more like a volume RSI and tells us if an asset is in overbought or oversold zone. If MFI is above 80, it shows it's in the overbought zone. If below 20, it's oversold. This is the basic setup, though can be changed as per needs. I am also using EMA's 20, 50, 100 and 200 to check the crossover, which generally shows us a bullish sign if ema's crossover each other, and bearish signs if ema's crossunder each other. In this case, all ema's are currently crossed over which shows upward price action, however every price action is also dependant on various other factors such as volume, overall market conditions etc etc. In this analysis, I have spotted a Bullish Pennant. A bullish pennant indicates the continuation of a strong upward price move. They're formed when a market makes an extensive move higher, then pauses and consolidates between converging support and resistance lines. If the price action is able to break this pennant towards the upside, BNB might see another ATH. However, if the pennant is not broken and the asset sees a price decrease, any long positions should be closed and wait for a confirmation in either directions. MFI has been rejected from the overbought zone thrice, however if the pennant is broken upwards, it's going to get in the overbought zone once again and try to achieve a new ATH. Happy Trading For more trading ideas follow us.
by Tuned_Official
4
TSLA Algorithm looking to go long!TSLA algorithm went long on March 31st on the 30 min timeframe around the 613 level and ran up to 668! We were able to catch this wave and made a good profit. We are looking to build position once TSLA Algorithm signals long on the daily timeframe which could have huge move to the upside going into earnings! The plan is to wait until the TSLA algorithm enters into a long position on the daily timeframe with TTM Squeeze setting up. RSI is also reversing back into the 50 level which is a good sign along with the MACD signaling a bullish reversal. This can be a big potential move for TSLA and could be our biggest trade for the year yet!
NASDAQ:TSLALong
by TOSOPTION
3