I believe the party is officially over for Gamestop.....and the WSB crowd. Volume drying up, below several key EMAs, and a boatload of bearish fundamental catalysts. $215.00 is the support to watch for a break below - sellers will pile on if we lose this level. We are short MOC at $225 on 02/01/2021 with a target of $113.50 and stop-loss of $262.00 for a 3:1...
So let’s have a look at the most criminally undervalued crypto EVER. A Blockchain that is everything most if not all other cryptos aspire to be, and has a client base that would make any corporate gasp with Jealousy. I’m talking of course about XRP........ 🤣 only kidding 🤣. At the moment of typing this, VeChain has found support at its 50EMA on the daily chart,...
This is actually a possible short, but I've put it as neutral because BTC does need to break downwards through a strong area of support. If we look at the daily chart, BTC failed to close its daily candle on the 29th above its descending resistance line and is now still back below it indicating sellers took control. As we can see, Bitcoin is in a Descending...
Before everyone goes screaming to the hills asking Charles Hoskinson for their money back, remember that with shorter timeframes, one must expect pullbacks and short-term downtrends now and again, it enables the market to remain healthy, enables compound interest from the peeps who took profit at the ATH to re-invest that CI and also encourages people who missed...
short time frame EUR/CAD creating head and shoulder pattern and 100 ema crossing 200 ema, it is another reversal sign. daily time frame we can identify nice cup and handle pattern.
The Daily Chart is a crucial timeframe for the future direction of BTC. So, BTC dropped out of its Symmetrical Triangle and is on a downtrend. The RSI is indicating BTC has room to drop further before becoming oversold, that doesn’t mean it will. The ADX DI SMA is indicating a downtrend because the -DI (Red Line) is at 26 above the +DI (Green Line) which is at 18....
At the moment of typing this, if we look at the Daily Chart, VET has recovered from its correction that it had after making a new ATH on the 6th Jan. VET is at the upper band of its Bollinger Bands and has found strong resistance there. If VET makes it to a new ATH over the next week or so, we will be in uncharted territory. If VET fails to get above its previous...
SPAC PLAY. Quick observations Top chart - 2h - Notice the 200ma is acting as a level of support in multiple places. But now we see the quicker EMAs coming together and trending down. We appear to be headed towards the dreaded death cross (when a slower moving average crosses above a faster moving average) and honestly that wouldn't surprise me if it...
Bullish. Let me just lead with that. I've played numerous calls over the last few months. Huge fan of the stock, the chart, and the company. So of course I am back ready for more calls. $DKNG follows $PENN a lot don't forget that. Right now I am watching: jAN 22 $55 WEEKLY CALL FEB 19 $60 CALL Most of my target calls I will not even think about until...
I spent a few hours on this chart. Not because it was so confusing, but because my newborn son kept distracting me. So I was determined to get this done. Then the more I looked at it, the more I started to like it. Here is what I am watching: 1) Target price of $530-$575 if it can hold the bottom trendline 2) The biggest concern right now is the moving...
If we look at the 1hr chart, at the moment of typing this, ADA is fighting between its Bollinger Bands Midpoint and its 50EMA. If ADA breaks downwards through the 50EMA then we may drop to our Base Line (Kijun Sen) or our 100EMA. If we keep above the 50EMA & above our Bollinger Bands Midpoint, then we may see ADA try to head back over its POC and attempt another...
So after spending some more time this morning on Apple, I am not sure I am as optimistic as the other day. I made the comment on my chart from the other day that as I look at the "weekly" chart I'm a fan...but I am not so sure after spending the morning on the 1hour. I think my biggest concern is this, basically quad bottom. Obviously it doesn't show up on the...
The winds are a blowin... We've been talkin about this stock for a while now. The chart setup is ready. No more offerings because the shelf offering is gone. So honestly it is smooth sailing in a BULLISH direction. And my goodness look at those EMAs. I am long on this, mainly CALLS. Will probably add some common shares during dips. *posting again because last...
Looking at the 4hr chart, at the moment of typing this, BTC has dropped to its 100EMA which is in its Ichimoku Cloud Equilibrium Zone, BTC has rebounded of the 100EMA but needs to make it back across both The Conversion Line (Tenkan Sen) & Base Line (Kijun Sen) as well as the Leading Span A (Senkou Span A) which has now become Cloud (Kumo) Resistance. At the...
I was going to do this as an update to my previous BTC chart, but i decided to do it separate because the indicators are different. If we look at a clean version of the Daily Chart for BTC with just EMAs, we can see that BTC is actually in a Symmetrical Triangle on the daily chart, so even if BTC takes a massive dump tonight to around $31,772, so long as it...