There exists a short term and long term bullish case for GameStop. Fuelled by the last short squeeze this company has a strong cash position thanks to investors buying up new share issues and is poised to begin turning a profit in its retail division thanks to store closures. Patience may be required to see these consolidations begin to take effect and the...
just a thought im gonna throw out there. its not impossible, id say a 7% chance
AUDCHF has been on a significant bullish trend since breaking through a key level. I anticipate this pair will next target the major resistance around 0.61700. The bullish channel that has formed is critical, as the price action continues to hold within its upper and lower boundaries.
If the market allows in this zone, we will have a discount of almost 63%, which is an excellent price.There is a 50 weekly moving average, which of course should be a big support . If we look at it as futures, it is better to wait for confirmation of a higher peak and testing of that peak. Next week we will receive a report from ENVIDA and if it is good, it can...
BTC USDT Possibly making inverse head and shoulder. break above and retest the resistance turning into support will further confirm the setup. will keep an eye on daily rsi also.
- EGX100 is down around 27% from its high. - Today it hit a very important level, the 200 day MA which was tested before on March 2023, and also if we measure the fib level, we find that it retraced to a 50% level. - This also occurs while EGX30 hitting its 200 day MA as well. - Now we can never know for sure if this bottom or not, but we can be prepared for...
BNB is consolidating and gaining strength, positioning itself to either reach new highs or lows. Given today's conditions in the altcoin market, there is a significant possibility for it to establish a renewed support zone around the 500 level.
The nature of the precious metals market appears bearish with a sharp move into wave (3) down. Take heed from here until 2027. XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD.
Hello According to our last ideas about Crypto projects, ICP is following the rules and what was happened between the prices 2.83 and 20.98, was as its wave I cycle and for now ICP is making wave II correction to start its huge rally. Isn't amazing for a project that has made 10x profit for only its wave I and I can not predict how high it will give us. In this...
Think Pepe is trading a bearish wedge right now, so we should see another leg up today or tomorrow. Given the current weakness of the overall market I think there is a decent chance it might play out. Usually inexperiencend traders get trapped longing the final leg of the wedge, which can overshoot just above resistance only to dump hard hours later, so I would be...
The Render token (RNDR) signifies bullish sentiment and is replicating bull accumulation this week.
History doesn't repeat itself, but it rhymes. As you can see on the chart, a very similar setup has formed as in the past, which previously led to #LOOM rising by more than 1,000%. Let's see what happens this time. *The trade is canceled if the daily candle closes below the indicator's lower line and the indicator remains red.
As price hit resistence area and rising wedge expect to fall then upppppppppp pls like for support
No doubt BINANCE:RSRUSDT have gained over 700% since it All Time Low but the good news I bring to you is that there is still a potential 170% left. Looking closely from the daily timeframe you will see that this outburst is clearly impulsive in which wave 1, 2 & 3 has been completed now we are in wave 4-yellow and in couple of weeks we should be heading up for...
ETC is one of ur favourite tokens. Although it has so far underperformed against other alts, it respects technical analysis to a tee, allowing us to trade it profitably and hold it with clear invalidation points and targets. We believe we have completed a wave 2 retracement to the 618 where the major 23$ support lies. Now we're looking for a wave 3 expansion...
Vedanta - A picture is worth 1000 words... Vedanta ATH 495 created in 2008 me. 16 years ka vanvaas se bahar aane ja time hai abhi The bottom of the box is 60 and top.of the box is 495 From 2020, Vedl is making efforts to go higher - sideways - higher to ensure it gathers enough power to BO 495 Yes it will struggle a tiny bit when it tests 495 but that's not...
💡 Bitcoin managed to break the 🔴 Resistance zone($65,700-$64,180) 🔴, Resistance line and 50_SMA(Daily) yesterday. 💡 Bitcoin seems to be completing a pullback right now. 🌊Regarding Elliott wave theory , Bitcoin seems to have completed the main wave 3 above the resistance zone and is currently completing wave 4 . 📈In terms of Classic Technical...