Idea: Coinbase = Facebook The first 6 months after Coinbase’s DPO reminds me of Facebook’s first 14 months after its 2012 IPO. The exponential increase over the last decade in the velocity of money and how it is exchanged in the markets seems to be a reason why a stock like Coinbase can do movements that previously took 14 months in just about 6 months. That’s...
Hello and warm welcome to this analysis on KOTAK BANK which has been on a strong uptrend since AUG 2021. It appears to have completed its pullback and has reversed from strong support base of 1925. If that is held then it can continue its uptrend till 2100 for now in the short term.
Hello and a warm welcome to this analysis Triangles are a prominent feature in wave 4 (Elliott Wave Theory). Price remains within a narrow range with lower volume for a very long stretched time as the preceeding Wave 3 has had a tremendous run resulting in cooling down in trend for sometime. In this weekly time frame a triangle in wave 4 is coming to an end. Post...
It has activated a Bearish Harmonic 5-0 pattern which is suggesting a retest of 1440/1400 and a likely bottom near 1350. The view would go wrong if it trades above 1485
BYFC has been doing well, obviously, there's no denying that. However, it has approached another key level that is clearly seen on this chart. The 618 fib has been a constant level of resistance ever time BYFC climbs this high, over the last year. So this week, volume is likely going to be the potential driver of direction. Will it finally leave the 618 fib in the...