Discover and read the best of Twitter Threads about #trendline

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Ehi there #Crypto and #macro Twitter

Time for #market analysis #Number12!

"Quiet, before the storm"

I will explain here what happened since last week, and cover the broader #economy as it breaks

I will start from #onchain #BTC, going into #Technical Analysis + #macro🧵
First of all, if you want to have a deeper insight in what happened the week before, you should check my last #weekly #analysis

I'll put the link here for you:


But let's start digging into this week, should we?
Last week we experienced a rally in #crypto with #Eth leading the way with a speculative date on the merge happening on September 19th.

BTC managed to rally breaking the trendline at resistance and the realized price, but failed to maintain those as support ImageImageImage
Read 23 tweets
#Priceaction
IF trader, then study "Hour chart" of at least 30 trading days
Watch how #prices are #Trending & you take a position when trend changes, say, from making "LH & LL" to "HL & HH" & Vice Versa
This is the 1st & foremost step & absolutely noiseless
#Retracement helps🙏 Image
#Priceaction Step:2
All traders know Demand & Supply to exploit the difference - a basic trait of any trader/ businessman.
What captures this absolutely is #Trendline & #Channel
For Eg: When prices break out of a falling T.Line/ Channel, it means demand has overpowered supply Image
That's first clue-buyers are asserting. LH & LL would soon change.
Next step is to look for a Fibonacci #retracement to hold @ 38% or 50% or 61.8% (to make HL) with a bullish candle like #Bullishengulfing or #Bullishpinbar @ a % of previous rise which is your perfect LRHR entry
Read 9 tweets
#Nifty
17926, DEma would act as the "Pivot" for the day.

Remaining above it +ve Bias for 18000++
Breaking below it -ve bias for 17825-- Image
#Nifty tested 17926 & making a Bullish Pin Bar with a high of 17955.

Next time would be bearish. Image
#Nifty
There are 3 factors @ work

5DEma - 17926
75 Sma of 5 min. t/f - 17926
#Trendline support @ 17926 Image
Read 6 tweets
#Banknifty in focus.
#Hdfcbank 8 days of cons. A move past 1560-65.
#Icicibank 10 days of cons. A move past 717
#Reliance 6 days of cons. A move past 2400
#Hdfc 3 days of cons. Holding 2785-2805 & move past 2825
#Hdfc breaking out..
#Icicibank is poised..
Read 10 tweets
#Banknifty has consolidated yesterday and poised to make it's big move today, "Holding 36170" preferably and "36300" aggressively. Image
Remember to at least "Partbook" to protect profits
#Banknifty almost @ "37000"
Read 6 tweets
Analysis: #NASDAQ $BIOL

Case 561 #BIOLASE Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

BIOL 1/3
Daily Chart: Jan. 2021 #trendline support has yielded and is now heading for the #SMA 200 and 0.5716. Farther down the #pivot at 0.4700 then block #support 0.3872- 0.2254 with balance at 0.1651. Price needs to .....

BIOL 2/3
..... close above control at 1.0594 for medium term #bullishness. Above 1.3718 quickly targets 1.65/70.

The #Strategy is printed on the image.

BIOL 3/3
Read 3 tweets
Analysis: #NASDAQ $LAZR

Case 560 #Luminar Technologies Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

LAZR 1/3
Daily Chart: Underpinned by the #SMA 50 and currently trading below the SMA 200 (20.46) heading for 17.77. Below there block #support 15.60- 13.28 fortified with #trendline and .....

LAZR 2/3
..... synthetic support. To the upside, price needs to close above a minimum 27.11 then above the #pivot 31.19.

The #Strategy is printed on the image.
Read 3 tweets
Analysis: #NASDAQ $MVIS

Case 558 #MicroVision Inc - Revisited

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

MVIS 1/3
Daily Chart: Unable to close above the trendline-#pivot and falling back down heavily. Immediate #support is 11.77/65 with #trendline support at 10.71. Farther down block support 8.55- 5.45 with the #SMA 200 sandwiched between .....

MVIS 2/3
..... at 6.77. A close above 28.59 is required to target the objectives.

The #Strategy is printed on the image.

MVIS 3/3
Read 3 tweets
Analysis: #NYSE $XXII

Case 555 #22ndCentury Group Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

XXII 1/3
Daily Chart: The trend is very #bullish but currently correcting from the lofty levels and backing off, unable to maintain a close above trendline #pivot. Immediate support .....

XXII 2/3
..... is 4.60 but this is unreliable. Block #support at 4.22- 3.48 but stronger below at 2.93/37, with #trendline support at 2.43.

The #Strategy is printed on the image.

XXII 3/3
Read 3 tweets
Analysis: #NYSE $SKLZ

Case 554 #Skillz Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

SKLZ 1/3
Daily Chart: All gains from Dec. 2020 have been wiped out. #Trendline resistance has yielded and the short term trend is #bullish. Immediate #resistance begins at the #pivot 22.73 with .....

SKLZ 2/3
..... control at 26.39 but medium term bullishness can only be achieved on a close/hold above synthetic #resistance, currently sloping at 29.98.

The #Strategy is printed on the image.

SKLZ 3/3
Read 3 tweets
Analysis: #Other OTC $LKNCY

Case 553 #LuckinCoffee Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

LKNCY 1/3
Daily Chart: Holding above control and the #SMA 50 7.9718/10, a close below targets 6.60- 5.65 (SMA 200 5.61). Farther down strong buying interest 3.86- 1.86. Immediate #resistance at the .....

LKNCY 2/3
..... trendline 10.52, then block resistance 12.78- 14.58 but a close above the #trendline at 16.80 is required and then control at 20.41 to turn medium term #bullish.

The #Strategy is printed on the image.

LKNCY 3/3
Read 3 tweets
Analysis: #NYSE $IPOE

Case 551 #SocialCapitalHedosophia Holdings Corp. V

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

IPOE 1/3
Daily Chart: Grinding lower, needs to hold above control at 10.66 - below synthetic and #trendline support 14.29/17. We envisage price to trade lower to 12.93 - farther down .....

IPOE 2/3
..... block #support 11.51- 10.36. Strong #resistance at the #pivot 18.18 then 19.34- 22.41. Above the latter is very #bullish.

The #Strategy is printed on the image.

IPOE 3/3
Read 3 tweets
Analysis: #NASDAQ $ONTX

Case 550 #Onconova Therapeutics Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

ONTX 1/3
Daily Chart: Conditions are becoming more #bearish especially with a loss of 0.6622, below the #SMA 200 at 0.6593. Father down #pivot 0.6344 - a close below targets the buying interest zone 0.4422- 0.2900. Notable #resistance begins at .....

ONTX 2/3
..... the broken #trendline, now resistance at 0.9497 with SMA 50 at 1.0930. Long term #bullishness can only be achieved on a close/hold above control at 1.6400.

The #Strategy is printed on the image.

ONTX 3/3
Read 3 tweets
Analysis: #OtherOTC $HMBL

Case 549 #HUMBL Inc

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

HMBL 1/3
Daily Chart: #Bearish and grinding lower - a close below 2.7338 targets the trendline 2.0924, beneath #pivot #support 1.9154. Farther down 1.7200 but the attraction to the downside is 1.3512- 0.5577. Immediate #resistance is the .....

HMBL 2/3
..... #trendline 1.4122 but to turn mildly #bullish a close above 4.861 is the bare minimum requirement. A close above balance at 7.8542 is required to target the long term objectives.

The #Strategy is printed on the image.

HMBL 3/3
Read 3 tweets
Analysis: #NASDAQ $THCB

Case 548 #TuscanHoldings Corp.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

THCB 1/3
Daily Chart: Currently stuck in a tight range and attempting to reclaim the #SMA 200 but conditions remain very #bearish. Strong #resistance noted at 16.25/83 with control at 19.40. Profit taking seen .....

THCB 2/3
..... into 22.40. Immediate #support at the unconfirmed #trendline 11.26, below synthetic at 10.44. Farther down control at 8.17 with a second synthetic at 4.70.

The #Strategy is printed on the image.

THCB 3/3
Read 3 tweets
Analysis: #NASDAQ $GNOG

Case 547 #Golden Nugget Online Gaming Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

GNOG 1/3
Daily Chart: Turning mildly #bullish as it's been two months since price closed above the #SMA 50. Immediate resistance at the #trendline 17.40 but price needs to close above synthetic .....

GNOG 2/3
..... resistance sloping at 20.21 to challenge strong #resistance at 22.07- 23.00. Good #support begins at 15.26 then 13.87/20 and farther down 11.66- 10.51.

The #Strategy is printed on the image.

GNOG 3/3
Read 3 tweets
Analysis: #NASDAQ $CBAT

Case 545 #CBAK Energy Technology, Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

CBAT 1/3
Daily Chart: Breaking down lower, heading towards the #pivot 4.15, a close below 4.08 targets the #SMA 200 at 4.00 then trendline support at 3.73. Farther down good #support 2.89/36. Significant #resistance begins at .....

CBAT 2/3
..... the SMA 50 at 6.12 then clustered 6.59/78 (pivot and control). Next #trendline support turned resistance at 8.66. Bullish only above 10.80.

The #Strategy is printed on the image.

CBAT 3/3
Read 3 tweets
Analysis: #NASDAQ $ACST

Case 544 #Acasti Pharma Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

ACST 1/3
Daily Chart: Closing below the Dec. 2020 #trendline and targeting the #SMA 200 at 0.5028, below the June 2020 trendline #resistance-turned #support at 0.4260. Buying interest 0.3900- 0.2476. Immediate .....

ACST 2/3
..... resistance is the SMA 50 at 0.7395 then above control at 0.9275. Short term profit taking at 1.0856. #Bullish above 1.3780.

The #Strategy is printed on the image.

ACST 3/3
Read 3 tweets
Analysis: #NASDAQ $HOFV

Case 542 #HallofFame Resort & Entertainment Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

HOFV 1/3
Daily Chart: The Mar. 2021 up move failed to close above #pivot resistance at 6.76 on two occasions. Price would now need to close above #trendline #resistance around 7.84 to .....

HOFV 2/3
..... eventually target 10.81- 11.15. To the downside, #support is 4.04- 3.55 and farther down 2.69- 1.91. A two day close above 5.90 will most probably neutralise our plan.

The #Strategy is printed on the image.

HOFV 3/3
Read 3 tweets
Analysis: #NASDAQ $MDRR

Case 541 #MedalistDiversified REIT Inc.

Requested by: @ChrisGrech9

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

MDRR 1/3
Daily Chart: Attempting to establish a foothold above the #SMA 200, below control at 1.87 then #trendline #support at 1.65. The Oct. 2020 unfilled gap (1.17/99) is still present and .....

MDRR 2/3
..... inside resides control at 1.41. Immediate #resistance is 3.20/28 but price needs to close above the major resistance and short term profit taking zone 4.70- 5.26 to turn #bullish.

The #Strategy is printed on the image.

MDRR 3/3
Read 3 tweets
Analysis: #NYSE $DM

Case 538 #Desktop Metal Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

DM 1/3
Daily Chart: Attempting to gain a footing above the #SMA 200 and #trendline, immediate resistance is 17.79 - farther up strong #resistance 22.23- 25.05. A close above for .....

DM 2/3
..... balance at 27.76. To the downside control points at 13.34 and 9.59 (horizontal synthetic #support at 11.24).

The #Strategy is printed on the image.

DM 3/3
Read 3 tweets
Analysis: #NASDAQ $XL

Case 537 #XLFleet Corp.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

XL 1/3
Daily Chart: Traded to a new all time low of 8.24 with a close below targeting #support at 5.90/05, farther down 3.75/10. Immediate #resistance is the Mar. 2021 #trendline at .....

XL 2/3
..... 9.73 then 11.25- 13.26 (#SMA 20- 200). Block resistance 13.00- 20.47 - #bullish above the latter for 22.80.

The #Strategy is printed on the image.

XL 3/3
Read 3 tweets
Analysis: #NASDAQ $RKDA

Case 536 #ArcadiaBiosciences, Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

RKDA 1/3
Daily Chart: Gapped up and down again, holding below the #SMA 200 and #pivot (3.22/17 respectively). Above major #resistance 3.72/92 with control at 3.97. Medium term #bullishness on a .....

RKDA 2/3
..... daily close above 7.31. #Support begins at 2.71/34 then the #trendline 2.13, farther down buying interest 1.79/22.

The #Strategy is printed on the image.

RKDA 3/3
Read 3 tweets
Analysis: #NASDAQ $CLOV

Case 535 #Clover Health Investments, Corp.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

CLOV 1/3
Daily Chart: Squeezing lower, a close below the #pivot 7.29 targets #trendline #support at 6.00- 5.70. Farther down supports 4.81- 3.12. Immediate #resistance is 8.13 above strong at 9.98- 10.28 but .....

CLOV 2/3
..... price needs to close above a minimum 10.72 then 12.94 to remove #bearish undertones. The #Strategy is printed on the image.

CLOV 3/3
Read 3 tweets

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