Connect with us

Recommendations

Investment Recommendations April 21st

Published

on

DAX: Short-Term Buy

// -- Discuss and ask questions in our community on Workplace.

 

DAX, 4-Hour Chart Analysis

The German index has held up above the 12,000 level despite the selling pressure this week, although it slid out of the rising long-term trend channel. The bullish cross on the MACD indicator suggests a reversal, and a positive outcome on the French election could propel the benchmark back in the channel.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The outperformance of the NASDAQ (see daily analysis) suggests a test of the prior highs, while the recent lows provide an optimal stop-loss level in the case of another leg lower. Further support levels for longer-term positions are found near 11,920 and 11,850.

Bitcoin: Long-Term Buy (update)

 

Bitcoin, 4-Hour Chart Analysis

Bitcoin rallied past the resistance level that kept a lid on the currency for almost two weeks, and it’s now only a few percent off the prior highs near $1295. The move could justify a new stop-loss level for long-term traders. The cryptocurrency is also on a short-term buy signal after the break-out above $1215.

A weaker resistance level is ahead at $1260, while the $1295-$1300 zone might be the next significant hurdle for BTC.  The $1200-$1215 zone should now act as strong support, with last week’s lows just below $1170 offer an optimal level for placing stop-loss orders.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.7 stars on average, based on 115 rated postsTrader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.




Feedback or Requests?

Recommendations

Trade Recommendation: Augur

Published

on

The Augur/Ethereum (REP/ETH) pair launched its bull run on December 19, 2017 when it broke out of 0.08 resistance. Within 24 hours after the breakout, the market went as high as 0.13414789. Breakout players took advantage of the massive rise in value in such a short period of time as they dumped positions.

// -- Discuss and ask questions in our community on Workplace.

As selling commenced, the market went as low as 0.08408359 on December 22. While the market did bounce and reached 0.12390329 on December 23, the rally wasn’t strong enough to keep the pair’s bullish momentum intact. With a lower high in place, REP/ETH plunged. It eventually broke 0.08 support on January 4, 2018. Although the breach of this support level is bearish, it opens up an opportunity for you to buy the bottom.

Technical analysis show that the Augur/Ethereum pair is well on its way down to major support of 0.05. This is the market’s firmest support because the pair never closed below this level. At this point, the only remaining sellers are most likely the ones cutting their losses. As supply dries, it can be a chance for the market to ignite a massive rally.

The strategy is to buy as close to 0.05 as possible. If the market respects this level, it will likely bounce to our target of 0.08.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Take note: the market is still in downtrend, and we’re just playing the bounce. The entire process can take a month.

Daily Chart of Augur/Ethereum on Poloniex

As of this writing, the Augur/Ethereum pair is trading at 0.051539 on Poloniex.

Summary of Strategy

Buy: As close to 0.05 as possible.

Target: 0.08

Stop:  0.047

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.3 stars on average, based on 69 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




Feedback or Requests?

Continue Reading

Recommendations

Trade Recommendation: WAX

Published

on

This trade recommendation is setting up quickly and requires prompt attention

// -- Discuss and ask questions in our community on Workplace.

With the newly listed coin at Bittrex less than 2 weeks ago, it’s time to take a look at WAX on the charts. It appears the Worldwide Asset Exchange has put in a bottom. The trendline extending back to Feb. 21 shows a gradual upturn and the Daily Pivot Moving Averages are flattening out prepping for a turn back up.

With the much heralded coin release 10 weeks ago the timing could not have been better for a monster spike and now it has come back down to reality.

The Daily Pivot Range (blue dots) are current near term resistance. At the time of writing this is testing the Pivot high. Look for a close above these levels for confirmation the market has turned its bias to the buy side.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

The action to take is to place a buy order to enter the market long if the market closes above the Daily Pivot Range high on a 60 minute chart at .00003120.

Place the stop loss below the recent swing low and the profit target stated below.

Note: If triggered, look for the trade to play out over a period of 24-36 hours and if no significant move after 3 hours, exit the trade. Keep in mind the 3 hours is not a rule but a guideline as you will want to use discretion when managing the trade.

Entry Price: .00003120
Stop Loss: .00002875
Profit Targets: First profit target .00003935. Second profit target .00005900. Once price reaches the first profit target raise the stop loss to breakeven and let the balance of the position play out. Look to trail a stop loss approximately .00000350 back as the market moves higher or stalls.

Disclaimer: The writer owns WAX, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
0 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 50 votes, average: 0.00 out of 5 (0 votes, average: 0.00 out of 5)
You need to be a registered member to rate this.
Loading...

3.9 stars on average, based on 19 rated postsI am the founder of VirtuesTrading.com, where traders can learn to use my Virtues Trading System. Formerly a Commodity Trading Advisor, I got my start in the Energy and Precious Metals Options & Futures pits of the New York Mercantile Exchange. I operate on the premise of efficient markets, the management of risk through the analyzation of price action and technical indicators. I have a BA in International Relations from the University of Southern California.




Feedback or Requests?

Continue Reading

Recommendations

Trade Recommendation: Vcash

Published

on

The Vcash/Bitcoin (XVC/BTC) pair lost all bullishness on September 13, 2017 after failing to close above 0.0002 resistance. The strength of the bears was so strong that the market went as low as 0.0000333 on October 23. In a little over a month, the pair lost over 83% of its value.

// -- Discuss and ask questions in our community on Workplace.

However, the market quickly rallied even though some would expect that it will continue to plunge. On November 5, the XVC/BTC pair went as high as 0.00012, which is a 260.36% growth from its bottom. Bottom pickers took advantage of the rapid rise and dumped positions. As a result, the market went as low as 0.00003501 on December 12. It appears that at this point, the market has already established its range.  

Technical analysis show that the Vcash/Bitcoin pair is consolidating in a wide range between 0.000035 support and 0.00008 resistance. On January 15, 2018, it again pierced 0.00008 resistance but bears claimed that level. Now, the pair is on its way down to 0.000035.  

The strategy is to buy as close to 0.000035 as possible. If bulls respects 0.000035, the market will likely rally again to 0.00008. The process may take a month.

// -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- //

Daily Chart of Vcash/Bitcoin on Poloniex

As of this writing, the Vcash/Bitcoin pair is trading at 0.00004111 on Poloniex.

Summary of Strategy

Buy: 0.000035

Target: 0.00008

Stop:  0.0000333

 

Disclaimer: The writer owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

Rate this post:

Important for improving the service. Please add a comment in the comment field below explaining what you rated and why you gave it that rate. Failed Trade Recommendations should not be rated as that is considered a failure either way.
1 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 51 vote, average: 5.00 out of 5 (1 votes, average: 5.00 out of 5)
You need to be a registered member to rate this.
Loading...

4.3 stars on average, based on 69 rated postsKiril is a financial professional with 4+ years of experience in financial writing, analysis and product ownership. He has passed all three CFA exams on first attempt and has a bachelor's degree with a specialty in finance. Kiril’s current focus is on cryptocurrencies and ETFs, as he does his own crypto research and is the subject matter expert at ETFdb.com. He also has his personal website, InvestorAcademy.org where he teaches people about the basics of investing. His ultimate goal is to help people with limited knowledge of finance and investments to create investment portfolios easily, and in line with their unique circumstances.




Feedback or Requests?

Continue Reading

Recent Comments

Recent Posts

A part of CCN

Hacked.com is Neutral and Unbiased

Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

Trending