We never hit the bottom of the triangle, which is super bullish. I know everyone saw what happened today and is wicked pumped, myself included. Honestly i just want to keep posting updates to keep the hype train rolling. NFT announcement finally LFG! Cannot wait to own my own in game items, i am not into buying skins in video games bec they are just a waste of money rn imo but once this becomes an investment that i can own on the GMERICA marketplace I am going to be so hyped. Gamers will be able to capitalize on their hours playing video games by earning items with real world value. it is so cheap at current valuations, it baffles me people are not jumping on it right now. Also, my bday was yesterday and i gave myself the day off from the charts so having today be the first day back and seeing what GME did was an awesome present :) See you on the moon gents!
I've been studying Ichimoku Clouds recently, as they give strong signals for safe entries to follow trends.
5 min chart - triggered another long entry 5 mins to close. 15 min chart - indicates upward trend will continue 30 min chart - indicates upward trend will continue 1 hr chart - upward trend, approaching a period of indecision 2 hr chart - long signal, but only 2 of 3 indicators I use show going long. Need more confirmation. 4 hr chart - showing downtrend reversing, but expect choppy price action between $112.16 and $123.71, with $123.71 as heavy resistance. Daily - Downtrend indecision - likely upward rejection around $123.76. Shows heavy downward pressure above $123.76 until Earnings.
To me it looks like if it can break $123-124 area tomorrow morning it can go on a full rampage. Other than that, I'm expecting it to stay in a choppy range until earnings. Can't wait to find out!
Maybe this will add an additional level of confirmation for your trades.
FibTriangleWavesForDayz
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@TheGritz, excellent analysis. Hope you have your moon tickets!
5 min chart - triggered another long entry 5 mins to close.
15 min chart - indicates upward trend will continue
30 min chart - indicates upward trend will continue
1 hr chart - upward trend, approaching a period of indecision
2 hr chart - long signal, but only 2 of 3 indicators I use show going long. Need more confirmation.
4 hr chart - showing downtrend reversing, but expect choppy price action between $112.16 and $123.71, with $123.71 as heavy resistance.
Daily - Downtrend indecision - likely upward rejection around $123.76. Shows heavy downward pressure above $123.76 until Earnings.
To me it looks like if it can break $123-124 area tomorrow morning it can go on a full rampage. Other than that, I'm expecting it to stay in a choppy range until earnings. Can't wait to find out!
Maybe this will add an additional level of confirmation for your trades.