This token was initially called out by my colleague. After some research I did add a small position around 40 cents. I then threw the majority of my position around 1.2$. With the AI hype we thought it would be smart to try to latch on to an existing Ai focused token, we went with RNDR. With the plan to move to a faster chain, existing infrastructure in graphics...
AKT is prepping for a huge move as I look back on my old cup and handle setup from a while back. The upside projection remains between 7.9$-12.1$.
SNS on Solana dipped down to a weekly demand zone twice building support and is blasting off. This token is pressing up against resistance and I expect a huge breakout here. This was one of the strongest rallies after the big altcoin dip. I expect 11 cents soon given that we have some price action in that region. Just have to work through the 8 cent...
Sideways channels are generally more reliable than diagonal channels. After wicking to a weekly demand zone, Near finds itself in a large range from early March. A large amount of resistance is in its path which I circled on the left side. This may be why you see wicks attempting the topside of the channel with no candle bodies. Once this area is eaten away I...
RNDR wicked perfectly to my downside target which was the prior cycle high. A strong reversal is noted and almost back to the momentum trend line. The weekly stockastic RSI is starting to point upwards signaling a macro reversal. I still plan to hold my bags until 20$ and sell 25% there. We still need to retake the green fib which is about 11.5$.
This is a quick update on daily vs weekly demand zones. I also kept my demand zone from the past that was noted from May 23'. We are at the start of the buy zone on the daily. I did look back and we are about at the average correction for a bull market correction for tech driven indices. I believe this stops soon if Apple and Amazon earnings are neutral or...
PM has formed a massive multi-year wedge. With ZYN products performing so well and earnings positive I expect this to continue. This traditional stock generally does not move very much and provides a nice dividend. My plan is to average down into Jan 110$ calls towards this golden fib for a hopeful bounce here. This stock should also perform well if we announce a...
BTC continues to range and could meander around the previous recent price levels for quite a while. Some very intelligent quant traders I follow say this could be upwards of 50-60 more days like this. The red downward trend line needs to be broken with supportive structure for me to think this is an upside move short-term. This type of contraction is bullish...
This will be the most important earnings report in Sofi history. Since becoming profitable if the company can cement another profitable quarter the market will most likely be very happy. Sofi has been stuck in this megaphone pattern since last September. We need to retest this red resistance before a topside of the megaphone to be tested. The topside profits just...
Crude oil is tapping a weekly demand on a wick today, I use this chart to assist in my OXY moves. This would be a decent zone to add to an open position. I circled the candle I used to create the demand zone for educational purposes. I like to take the bottom wick of the red candle leading to a rally and end the demand one on the adjacent candle body towards the...
PEP had a strong bullish engulfing candle today after a small selloff on positive earnings. I did enter the position with some cash on my last charge post for PEP. Fundamentally I think 192-200$ over the next year sounds reasonable. This is not going to produce astronomical gains, but reasonable and safer gains as we approach recession territory. I believe the...
OXY had a doji reversal candle on the weekly with a body pretty close to the center, not tremendously bearish long term but definitely made sense for a pullback. There is a ton of historical price action here and I expect a bounce and continuation around this level. My target for the year of 74+ dollars remains. -I did sell 66% of my 70$ Jan 2025 calls on the...
I posted this chart in march on a bull flag that was starting to form with a projection to the dashed green. This is a great example of a longer term setup that rewards the patient. Of then these flags or wedges like to break out on strong volume and then dump for a retest, only to continue to project towards the target. If you had entered 6month to one year out...
AKT was a premium purchase in the weekly demand zone, I did oblige. Here we see short-squeeze god candle, my favorite. My medium term target is 7.9$ remains. Lots of resistance around 6 - 6.2$ though.
CLSK has a tremendous bounce and I was able to average down on limit orders on my June 25$ calls. I am way up now and going to start layering out as we approach this golden fib. Lets see what BTC does here, locking in initials today most likely. If the market likes earnings the rest of the bag will likely be ITM soon.
SNS on Solana dipped into demand, this is a bot type ai project that is extremely volatile. You can see my initial entry got an immediate haircut, but I was able to average down a bit using demand zones. A push of 10 cents should be soon.
Pendle has been a market leader and has shown some alpha, the token has pumped on its own against the market at times. This looks like a multi day bull flag setup, you could also draw this as a contracting wedge. A completely reset stochastic is important here as well, this flag projection is over 9$. Any time the stochastic has dropped significantly below 20 the...
I marked when I flipped bearish on Tesla (white circle) despite all of the obnoxious influencers shilling overvalued tech the past few months. Here we are, I called a 150$ TSLA and was laughed at. A view of the monthly chart shows a general volatile uptrend on a tech booming stock. -This 200 EMA needs to be held or there is tremendous downside to be had -I marked...