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Sniper29x
Nov 11, 2021 11:00 PM

Falling Wedge Long

Description

TECHNICALS:

Looking at the candles it's forming a falling wedge which is very bullish sign. Paired that with the STOCH RSI which is oversold, it's a perfect buying zone.

FUNDAMENTALS:

ISW Holdings - Re branding to Blockquarry Corp (pending Ticker change)
has a 5yr BITMAIN hosting deal for 200MW and 56K miners for a 10M per month revenue not contingent to crypto pricing.

PRICE- 1.59
69M OS
Market cap of roughly 100M

Also mining on their own rigs.. currently at 700 miners and growing.

I am very bullish on this. It did show same Falling wedge pattern months ago in .60s before making the breakout move.

Please do your research in any investing or trading.
Comments
ptero1492
How do you feel this is holding up? Max pain before the storm, with an 'around the apex' move on this wedge. Or do you think there has been some damage? It all feels very controlled.
Sniper29x
@ptero1492, with the amount of float, i think any damage done can be fixed easily. the slow bleed have been on very low volume too.
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