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$SRM/BTC 12h (Binance Spot) Ascending channel on supportSerum is up-trending and forming a falling wedge, a break-out would be very bullish! 100EMA seems to be acting as support so let's place some bid down there and be patient enough. Current Price= 0.00010374 Buy Entry= 0.00010110 - 0.00009536 Take Profit= 0.00012433 | 0.00014447 | 0.00018294 Stop Loss= 0.00008335 Risk/Reward= 1:1.75 | 1:3.11 | 1:5.69 Expected Profit= +26.57% | +47.07% | +86.24% Possible Loss= -15.15% Fib. Retracement= 0.5 | 0.786 | 1.272 Margin Leverage= 1x Estimated Gain-time= 1 month
SLong
by TradingOn
$ALGO/BTC 2D (Binance Spot) Ascending channel on supportAlgorand seems to have retraced enough from last spike, I think It's time to enter a swing! Current Price= 0.00001943 Buy Entry= 0.00001956 - 0.00001818 Take Profit= 0.00002618 | 0.00003956 | 0.00004992 Stop Loss= 0.00001399 Risk/Reward= 1:1.5 | 1:4.24 | 1:6.36 Expected Profit= +38.74% | +109.64% | +164.55% Possible Loss= -25.86% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 1x Estimated Gain-time= 3 months
Long
by TradingOn
Spotify Stock to Lose Half of its 2020 UptrendIs this a good time to join Spotify bulls? Let’s see how the situation looks like from an Elliott Wave perspective. The daily chart above puts Spotify advance from its December 2018 low in Elliott Wave context. The chart reveals that the uptrend from the 2018 low at $103.66 is shaped as a complete five-wave impulse.  The pattern is labeled 1-2-3-4-5, where the five sub-waves of wave 5 are also visible. There is also a good alternation between the correction, wave 2 is a time-consuming flat pattern that completed during the coronavirus panic of 2020, and wave 4 is a sharp zigzag move.  According to the theory, a three-wave correction follows every impulse. The corrective phase of the Elliott Wave cycle typically erases the entire progress achieved by the fifth wave. Applying this to SPOT stock makes us expect a decline back to the support of wave 4 near $220 a share . If this count is correct, a ~43% drop from the top at $387 seems to have just begun. The double bearish RSI divergence between waves 3 and 5 also indicates the bulls are running out of steam What's your view on Spotify Stock? Let me know in the comment section. Thanks for reading! Veejahbee.
NYSE:SPOTShort
by Veejahbee
3
If you read this you will never participate in any IPO..!It is obvious that many people who participated in BMBL IPO are in red zone, but the worst has yet to come! Look at TWITTER, SNAP,FACEBOOK, SPOTIFY, and PINTEREST historical charts..! Clearly anyone who participated in those IPO in the very first day lost 50-85% of his his capital in several weeks or months! I’m currently conducting a study on IPO Ed stock in last 3 years, obviously you are in danger of losing your capital in 3 out of 4 recently IPOed stocks. It doesn’t matter if you are a trader or longterm investor, you have to take care of your capital. 1st day IPO = Bubble burst..! A bubble is an economic cycle that is characterized by the rapid escalation of market value, particularly in the price of assets. ... During a bubble, assets typically trade at a price, or within a price range, that greatly exceeds the asset's intrinsic value (the price does not align with the fundamentals of the asset)(investopedia) BMBL chart is 30 minutes, others are weekly charts..! Please write your experiences of participating in IPOs in comments
NASDAQ:BMBLShort
by Moshkelgosha
13