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Fallen

Is BNB a Fallen Angel and Worth Going Long? While Binance Coin (BNB) has experienced some recent volatility and price declines, it remains a promising and bullish cryptocurrency investment option. BNB's underlying strengths, coupled with the thriving growth of the Binance ecosystem, make it a compelling long-term prospect. Firstly, BNB serves as the native cryptocurrency of the Binance ecosystem, the world's largest cryptocurrency exchange by trading volume. This intrinsic connection to a robust and widely-used platform provides BNB with inherent utility and demand. As Binance continues to expand its services and attract new users, the demand for BNB is likely to grow, driving its price upwards. Secondly, BNB is a deflationary asset, meaning its supply is gradually reduced over time. This process, called "burning," occurs when Binance takes a portion of its transaction fees and permanently removes them from circulation. This mechanism serves to increase scarcity and enhance the value of BNB. Furthermore, BNB is increasingly being adopted for various use cases beyond its role as a payment token on the Binance exchange. It is being used as collateral for decentralized finance (DeFi) applications, traded on decentralized exchanges, and integrated into various businesses and projects. This expansion of use cases further diversifies BNB's value proposition and strengthens its long-term potential. In conclusion, while Binance Coin has experienced some short-term challenges, its underlying strengths and the growth of the Binance ecosystem make it a bullish investment option. BNB's utility, scarcity, expanding use cases, and strong network effects position it well for continued growth and appreciation over the long term. Investors who are looking for exposure to the cryptocurrency market and believe in the potential of the Binance ecosystem should consider BNB as a potential addition to their portfolios. Please note that these are my personal opinions and they could be wrong
Long
by SabahEquityResearch
2
ASX Resource Stock - Salt Lake Potash Limited / Stock has massThis stock was once a "Fallen Angel " and as you will see it has been resurrected. The stock has demonstrated the ability to break above long term Resistance as it has recently done so and traders took profits allowing it to fall back to the "Safe Spot" circa 30 cents only to be repurchased once again. For those understanding Wave Analysis, it can be argued a " running flat" has formed on the Weekly, completing wave 2 of a larger degree. Should price return quickly above the resistance band the likelihood of the Flat is strengthened as is an impulsive W3. The Daily Chart looks promising as well and a pullback to 45cent would be ideal however right now the market is trying to interact with 50 cents. A typical abc correction is well worth watching for forgiven the potential this stock has to make seriously fast and strong moves. Let's see the behaviour over the coming week ......it should be interesting 🇦🇺 💁🏼‍♂️
SLong
by Reward2Risk
2
AMC - Longer term Fallen angel momentum Long from $15.07AMC is another longer term play that we are watching from some time. It looks very interesting as it seems breaking out of a downward channel formation. It also has very good insider buying. We think it has strong upward potential. * Trade Criteria * Date First Found- February 15, 2018 Pattern/Why- Downward channel breakout Long; Longer term smart money play Entry Target Criteria- Break of $15.07 Exit Target Criteria- Momentum Stop Loss Criteria- $11.93 Indicator Notes- Twiggs Money flow divergence and broke out to the positive side. Special Note- Big buying in 2017 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:AMCLong
by AcornWealthCorp
VSI - Fallen angel formation Long from $5- $5.25 to $7.37VSI seems forming a nice fallen angel formation. Money flow broken to the positive side very strongly on huge volume. It has a lot of insider buying. We think it has very good upside potential from current price. * Trade Criteria * Date First Found- January 8, 2018 Pattern/Why- Fallen angel formation Entry Target Criteria- From current price ($5.25) or pull back to $5 Exit Target Criteria- $7.37 Stop Loss Criteria- N/A Please check back for Trade updates. (Note: Trade update is little delayed here.)
VLong
by AcornWealthCorp
AXON - Fallen angel formation long from $5.63 to $6.28 & Higher AXON seems breaking up forming a nice base. Twiggs money flow accumulating. We think it has good upside potential if it can break resistance at $5.63 * Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $5.63 Exit Target Criteria- 1st Target $6.28, 2nd Target $7.67 Stop Loss Criteria- $4.67 Indicator Notes- Good money flow accumulation Special Note- Very strong Financial Ratios Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:AXONLong
by AcornWealthCorp
EGO - Fallen angel formation long from $1.27 to $1.63EGO came out on our fallen angel scan. It is a play on the gold. It has broken down from a long-term downward channel & now seems getting some upward momentum. We think it has good upside potential from here. * Trade Criteria * Date First Found- December 13, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Current price ($1.27) Exit Target Criteria- $1.63 Stop Loss Criteria- $1.07 Indicator Notes- Good money flow accumulation Special Note- Very strong Financial Ratios Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:EGOLong
by AcornWealthCorp
NWL - Fallen angel formation long from $30.83 to $32.93 & HigherNWL seems forming a fallen angel formation with nice little rounding bottom. Moneyflow getting ready to cross the Zero line & it has some insider buying going on. We think it will continue from current label. * Trade Criteria * Date First Found- November 28, 2017 Pattern/Why- Fallen angel with Rounding bottom Entry Target Criteria- Break of $30.83 Exit Target Criteria- 1st Target $32.93; 2nd Target $35.87 Stop Loss Criteria- $29.23 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NLong
by AcornWealthCorp
1
DBVT - Fallen angle pattern long from current price up to $31.62DBVT is forming a nice fallen angel formation. It had a nice rally & now pulled back to moving average. We think it will continue upward from here. * Trade Criteria * Date First Found- November 21, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Present price ($24.43) Exit Target Criteria- 1st Target $27.83, 2nd Target $31.62 Stop Loss Criteria- $22.58 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:DBVTLong
by AcornWealthCorp
TNDM - Potential Fallen angel formation Long from $2.77 to $3.9TNDM looks very interesting, it just puled back to support & trying to make a bounce here. It has a lot of insider buying, we think it has very good upside potential. * Trade Criteria * Date First Found- November 17, 2017 Pattern/Why- Potential Fallen angel Entry Target Criteria- Break of $2.77 Exit Target Criteria- 1st Target $3.93, 2nd Target- Momentum Stop Loss Criteria- $2.44 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:TNDMLong
by AcornWealthCorp
PSDV - Fallen angel pattern long from $1.18 to $1.38PSDV is a speculative setup. it seems forming a fallen angel formation. It has insider buying from CEO, and it is showing some upward bias. We think it has good upside potential. * Trade Criteria * Date First Found- August 24, 2017 Pattern/Why- Fallen angel pattern Entry Target Criteria- Break of $1.18 Exit Target Criteria- $1.38 Stop Loss Criteria- $1.06 Please check back for Trade updates. (Note: Trade update is little delayed here.)
PLong
by AcornWealthCorp
NCMI - Fallen angel pattern Long from $7.57 to $9.87NCMI is forming a nice fallen angel pattern. Very nicely shopping up, and tethering its SMA20. It also has huge moneyflow accumulation. We think it has good upside potential. * Trade Criteria * Date First Found- June 8, 2017 Pattern/Why- Fallen angel pattern Entry Target Criteria- Break of $7.57 Exit Target Criteria- $9.87 Stop Loss Criteria- $7.07 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NASDAQ:NCMILong
by AcornWealthCorp
SRNE - Fallen angel type short term Long from $2.08 to $2.63SRNE seems forming a fallen angel formation. It may not be ready for a long term up trend but certainly ready for a short term push. It also has big insider buying on the 19th April. However We would look for a smaller play as stoploss is quite big here. * Trade Criteria * Date First Found- April 26, 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $2.08 Exit Target Criteria- $2.63 Stop Loss Criteria- $1.58 (May consider $1.64) Please check back for Trade updates. (Note: Trade update is little delayed here.)
SLong
by AcornWealthCorp
EEQ - Fallen angel type Momentum Long at the break of $18 EEQ is an energy stock that seems forming a fallen angel pattern recently. On the other side Energy sector seems breaking out of a downward channel & getting ready for a short term rally. Along with the Sectorial strength, EEQ seems an interesting Long set up. * Trade Criteria * Date First Found- March , 2017 Pattern/Why- Fallen angel Entry Target Criteria- Break of $18 (Further update coming) Exit Target Criteria- Momentum Stop Loss Criteria- (Further update coming) Please check back for Trade updates. (Note: Trade update is little delayed here.)
ELong
by AcornWealthCorp