$CVSI has been beaten up along with the rest of the cannabis sector. Recent price action indicates that the low might be in as the critical $1.55 support level held. Next major resistance level is $3. Those that want to go Long can buy with a stop below $1.55 and add to the position on a break above $3. $CVSI is well-known because of its top-selling PlusCBD...
30/May/2019 10:15 AM INCREDIBLY WEAK NAME HERE. LONG AS LONG AS ABOVE YESTERDAYS LOW. SMALL POSITION SIZE, TARGETING A V BOTTOM. ODDS OF SUCCESS ARE SLIM TO NONE GIVEN THE HISTORICAL WEAKNESS OF THIS NAME. NOT ACTUALLY TAKING THIS TRADE. BUT LOGGING THE IDEA. REALLY IS POOR RISK MGMT TO GO LONG SUCH A WEAK NAME AND SECTOR. BUT MOMO IS THERE WHEN THIS DOES SWING...
Though I do not believe this is likely, I also believed Bitcoin would find stronger support at $4950 originally. This is the lowest price I believe we may see in the near future of BTC.
Ethereum was certainly the powerhouse of the rally that happened on September 12th to 13th PST. It dominated the market, literally steamrolling through the bears, but I am concerned that it may get steamrolled once again. If you haven't read my other analyses, I had mentioned that bitcoin dominance is rising so it is possible that these charts are not the best...
There is no bullish momentum or strength, earlier I was expecting a bounce, but so far we have been dropping indiscriminately, each time is just a small pause to another movement to the downside. The strongest support in a while has been broken, it held strong but it was broken in a matter of an hour, so it is far to say that the entire cryptomarket and bitcoin...
BTC will fail to bounce off of the 6k support, its would be far too predictable of a move. It will dabble in the 5.8k range, may have a slight bounce to 6.3k, and back to to low 5k. There may not be a quick capitulation V-bottom reversal but rather an unexpected pump.
The resent strength of the Chinese Yuan has cached the headlines lately, but my Elliott wave count suggest that the correction in wave (B) could be coming to an end in the cluster-area between 6.3625 - 6.3928. As wave v of c of (B) has been the extended wave, we should expect a quick reversal once the low is in place. Short-term a break above 6.5566 will be the...
Litecoin has formed a V Bottom and tested support. A strong Bullish Engulfing Candle has started the rebound. I have seen Sunday mourning historically show a lull in trading and the price testing support. I am looking at the $32.20 mark as a key resistance we may break then more back toward the $35 mark. Support looks to be around $29.85 to $29.30.
I haven't posted much on Bitcoin as much of late as I have been put to sleep waiting for my OTE long zone bids to be filled. It has been an arduous wait but as price has moved slowly lower, the wisdom of patients has been so far accurate. Having said that, Bitcoin has enjoyed a rather nice bounce off the 419.40 level for going on the past 100 hours. So much so we...