I think that this share is currently in a 5-wave downward trend, which is completing its 2nd wave at this moment.
This stock has completed a 5-wave in the monthly time frame, and as a result, the current 5-wave can be wave A.
The best point for taking the position of shorts has been determined. I hope it will be fruitful for you.
Be successful and profitable
After checked only in 1d and 1w timeframes I was able to see a knowing bearish price-action pattern which indicates that we are almost about to SELL, as per supports in 1d and 1w I just add an arrow which indicates the most possible FIRTS target, need to go deep into analysis in order to check if stonks will stay there or they carry on with bearish trend.
Basic analysis of a promising cup and handle formation, firstly I believe tech stocks will hold this market up during this period of uncertainty, and Intel is a great example. With this bullish formation, after a small pullback to form the handle Intel is setup for a nice run. I might go long on this.
Looks like a cup to me, whether the handle forms or not is another question. Waiting for a lower entry is the best bet if following this chart. The bull trend will continue very strongly after this development. Intel is creating some very powerful processors and investing in AI development, these fundamentals are promising for the future of the company.
If Bitcoin bottomed around the 5.800$ crucial support, we will probably keep on witnessing similarities with the pattern formed by the Intel stock: higher highs and higher lows, with a slow upward movement.
Display the intel graph for further analysis.
Bitcoin could display some close similarities if it bottomed.
If Bitcoin starts to go back close to the 6.500$,...
