epaka

epaka

RingCentral (RNG) is doing incredibly against expectation over the past year and, in response, has been overbought by the market. They're outperforming competition by a wide margin, so I'm anticipating steady, longterm growth, though the immediate pull-back following this afternoon's earnings announcement could continue for a day or two, with former executives...

epaka

Verge has been up and down over the past few weeks, thanks to bickering between their marketing team and McAfee. It's stabilized around 1000-1100 sats, and seems to be consolidating. 4HR chart indicates a convergence around 1/25. Looking for a bounce off of the 1050 long term support line today. Then we have to break short term resistance. Should see a slow rise...

epaka

Steady climbs over the past couple days after a week full of negative community chatter, but the sudden drop isn't following any TA or news that I can find. At the moment, it's breaking down through soft support around 16300 sats, but trying to recover over the line at the same time. We'll be looking at a convergence around 16300 in the next 5 hours, which will...

epaka Updated 

Right now, we're looking at an up channel with resistance between 5550-5650 sats. If we pop that line, next channel resistance line is around 6050 (going back to October) - likely closer to 6000 this time around. Lower channel support between 5300-5400. If we breakdown, we have soft support around 4900, and a hard support line at 4400. Watch for breakouts above...

epaka

Wild week for XLM - seeing a boom in volume, nearly doubling in price over the past 7 days, and grinding through a mass sell-off as BTC shoots through the roof - settling at a new floor around 800-900 sat. Even with this recent drop, the mean is still rising steadily. Taking a look at the chart, we can see what looks like Elliott Correction after the spike in...

epaka

AMD has had a pretty incredible 18 months - reaching into the teens for the first time in 10 years. Over the past couple months, we've seen a pretty substantial drop in price, from over $14/share down to $9.94 yesterday - a 29% dip. Looking over-sold at the moment. We're getting close to the end of this falling wedge, right near the long term support line, and...

epaka

EGHT broke out of a year long down-channel today. Earnings report on 1/24 - several consecutive quarters or profitability. Expecting an EPS miss, as per typical, with minimal effect on the trajectory. Looking at a slow rise back to the moving resistance line - somewhere in the range of $16.70 - $17.25. Steady gains. Let's go.

epaka

I know everyone's on the "BTC Moon Lambo" hype train right now, but reality shows a regression in Elliott Wave fashion. Peaking out in a $16K hockey stick today, and I've seen people draw comparison to Amazon, Netflix -0.10% , Apple 0.28% , and whatever other stocks fit their mold, but the harsh reality is that Bitcoin 13.55% is MySpace, maybe even Friendster....

epaka Updated 

It's been a rough 24 hours for XLM. BTC shot through the roof again and XLM took a huge hit to its momentum. We've reached convergence on the support/resistance lines and XLM is trying to break out of this falling wedge. This should signal Bullish continuation. That being said, we've seen a history of XLM going sideways instead of up during "breakouts," forming...

epaka

XLM is currently breaking through the pennant ceiling. 480-490 entry point, if you're not in already. Looking like it'll head up to 590-600, on it's way to a 24-48 hour Target around 700 before consolidating again.

epaka Updated 

After a short rally, we've got a new pennant with support at 465 - looking for a breakout in the next 36 hours. Targeting 700 as an exit with stop loss at just below support.

epaka Updated 

Seeing strong Elliott signals in XLM. A lot of people are going long and targeting too high for the initial signals. I'm anticipating a 3 signal around 570-590, with a retrace to the high 400's, before heading up to 700-715 to complete the pattern.