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Roundbottom

UPST mid-term VIEW Pre Earning LONGUPST on the daily chart with 2022-2023 in range shows a downtrend of more than 70% and now a round bottom reversal. The volume profile shows the high volumes of the high volume area which is relatively thin and mostly below the current price. That is to say, UPST has a lot of volume voids to fill on its way back to $162 . The Triple EMA ( 200,100,50) shows a convergence over a long interval followed by the reversal and now divergence. The MACD indicator is upgoing as are the trends of the dual RS lines of the RSI indicator. I see this as a long swing trade or investment while UPST is awaiting earnings next month. For targets, I plan the red lines generated by the volume profite and so $94 and $161. UPST is on my current favorite stock list. My current holding includes an option striking $51 for 8/4. I will roll that option over about 8/2 to avoid time decay. Additionally, I will buy another option striking $75 and expiring on 9/15 costing about $950 at the market price with the bid/ask spread of about 4%. I expect the combined two call optins will yield on average 5-7% per trading day and may hold them through the earnings period. The only downside risk is that an earnings beat is somehow already priced into UPST and that the momentum will decelerate and fade. Buying the contact cheap and out of the money seeks to manage that risk.
NASDAQ:UPSTLong
by AwesomeAvani
25
BCN (Bytecoin). 1 target wedge + 50%. Rounded bottom + 371%BCN (Bytecoin) A rounded bottom is formed. We are now in the 2nd phase of the formation of this global, long-forming figure. In the second phase, trading volumes are at a minimum. The coin is not interesting to anyone, "faith is killed," the price is at a historic low, the dump is over. The second phase of the formation of this figure differs in equalizing prices after the dump and a decrease in trading volume. In most cases, such long-forming formations as a rounded bottom become turning figures of trends. But this does not always happen. Therefore, it is very important that this is the correct entry and exit point in case the price goes against you. It’s better to buy a little more expensive, but it’s already in the birth of an uptrend, than to buy at the bottom and get stuck with this coin. Volatility also decreased; at the local level, the coin formed a small downward wedge. The purpose of this wedge + 50% This will be the first target. Here is the penetration of this wedge and it will be possible to move to the 3rd phase of the formation of the figure "Round bottom". And the beginning of an uptrend. The maximum target for the “Rounded bottom” figure (Saucer, Cup) is the resistance of this formation + 371%. If the price breaks through the resistance of the figure of the cup and fixes above it , thereby confirming the reversal of the global trend, the next target is the height to the depth of the cup, the same 370%. And this is more than + 700% of current prices. Let me remind you BCN (Bytecoin) is an old coin for pumping. Pumps in the past were hundreds of percent and repeatedly. Monero Top Coin Monero (XMR) is a fork of this coin! Probably few people know about this, as it was a very long time .... Target: 1) + 50% (fast trading). 2) + 171% 3) + 271% 4) +700% 1) Entrance on a wedge breakout or rollback after a breakthrough if short-term trading. 2) Entrance at the beginning of the 3rd phase of the formation of the "Cup" figure when confirming a local uptrend. Stop Loos - under the support level of the foundation of this formation, set the Stop Loos value with the calculation of your trading strategy and money management. Remember that on such coins, due to weak liquidity, ballast is easily reset before a market turn. So your Stop Loos may be among this ballast. What matters is not the Stop Loos value, but the entry point!
Long
by SpartaBTC
7
WTC (Waltonchain) Downward wedge. Rounded bottom - 2 phase.WTC (Waltonchain) Downward wedge. The price is almost in the corner. A rounded bottom is forming , perhaps we are now in the second phase of the formation of this formation. Lateral movement exists for 84 days, almost 3 months. The potential the rounded bottom to resistance is huge + 260% , this coincides with the third target the figure - a downward wedge. Perhaps the combination and transition of the patterns of a falling wedge and a rounded bottom will become trend reversal patterns. Wedge target: + 70%, + 150% + 260%. All levels are shown on the chart. Log on a breakout of a pattern, or rollback after a break, depending on your trading strategy. Stop Loss under a downtrend wedge, but a large% comes out. The coin is highly volatile due to weak liquidity. Exit - the correct entry point and Stop Loss movement as the coin grows, given the volatility.
W
by SpartaBTC