The sold off Sphere 3D stock after the report came out on 15th November, coincident with Bitcoin pullback. Having looked at the weekly chart, we can see ANY is forming a descending triangle with the base at 5.60 as its long term support. If this support hold through until December, we can expect a breakout toward TP 8.60 and it may test the last peak at 12.28
If...
In the chart $ANY probably is heading to test the demand zone @ $5.50 area.
This is confirmed if price broke the rising channel downside.
It needs big catalysts RIGHT NOW.
Any has been in a long period of consolidation after its run-up to 12 in early September. Now the 50-day moving average is about to cross the 200-day moving average on the weekly time frame and this chart pattern is known as a golden cross. With merger news right around the corner and this 2 months long consolidation period, I think we are primed for movement...
$ANY was an idea I generated months ago when it was near it's lows and is the #2 profitable ticker for me YTD behind only $AEHR. I was waiting for this to make a move higher, and then pullback to the level of support for confirmation before a breakout to the highs. It has now done this. It needs to be noted this has earnings on November 17th.
Currently we are...
Sphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power.
Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day.
MARA mk cap is 5.02Bil vs ANY Market Cap 374Mil.
MARA 10.37...
In the past few months, Any has seen 2 major spikes. Each spike occurred after the stock price reached the upper resistance trend line and dropped down to its major support on the bottom trendline before ripping. Right now we are seeing a very similar setup. On the 25th, I expect this to see $6 due to this bearish momentum we are seeing today as it carries on to...
This is in a crazy spot here very confusing for me. I see strong support roughly 7.73. As a potential descending triangle is being built. However the potential rising wedge (in green) support line has now been broken. But we are secondary support at roughly where we contiue bouncing. If we lose 7.60s we could come
Backtest 7.45 yellow line support. This could
Be...
Rumors are the short interest is very high, I'm Long and set my target @ the VPVR $24.20 as seen on the weekly chart. Thank you to Denwo Trading this is his idea
Bullish Flag for 3D Sphere on the Weekly chart.
Should be confirmed this coming week.
If confirmed:
Price Target = 12.19$
Stay humble, have fun, make money!
I made a clean swing from 6.41-8.40s where I took a lot of my position off the table. Why? Althiugh I have targets of 11.47 9.50 and a few beyond. We had bearish 4 hour divergents. We have been holding up very nicely as we are pausing in the trend, resetting osulaters (Rsi,MACd) allowing profit taking and correcting after a decent move. I am still watchig as...
