looks like a classic fake out breakout above resistance zone, break back below 7.49 and dip to 4.6-5.6 is possible before the next rally.. boost and for more! thanks 💛
$39M mkt cap Chinese Company, moved operations to US to mine bitcoin. It has 4 times the cash as the market cap due to several offerings to raise that cash to buy $100's of millions in Commodities and bitcoin miners. Has been slammed short by short seller reports. With bitcoin raging this is going to run quick. Was up 40% on Tuesday and short sellers slammed it...
unless btc and eth breakout shes going down... the 50 ma coming like a tidal wave. my birthday is early march, may buy some sos at 2.00 or less. TAYOrisk
SOS cryptocurrencies are moving, and SOS is lagged. It thus appears that a feasible breakup is in play. Target around 4
SOS recently had an offering, so i get it if you are done with the company. However, when trading with technicals , it is best to avoid focusing on fundamentals and feelings about a certain stock. I see SOS currently in a huge buy zone around $.50. RSI is currently approaching a similar level when SOS ran last year. CM Williams VIX also indicates a change in buyer...
I believe that SOS in the short term is bearish and is bullish in the long term. Apologies for the messy chart, I created it on phone.
$SOS is in a Descending Channel It need to be trading above 21 EMA to be Bullish. Maybe with a good Form 20-F in May 2022 and US Mining Update PR's end of April 2022 to be Bullish again?
last tim sos bottomed in 2020 it hit low of .51, this time around it was .56.. technically made a higher low bounce which is bullish. as long as .56 holds we could head back to 3.51, but I would wait for trend resistance to break first as confirmation. neutral at the moment, like and follow for more! 💘
Very long slow decline and accumulation phase appears to be over and big volume coming in.
Break over the daily 20ema with parabolics supporting price and its off to the races. 80c first target at the 4hr ema100. Then 85-90c at the daily 50ema. With the market we're in, there is a lot of risk on the table. Don't fomo into things. Wait for clean breaks. Your insurance in this market is being late.
Not a financial advisor. SOS has been beaten down tremendously in the market. It has been making progress with a reversal. Another thing to point out is that the company hasn't had any updates in quite some time. It may be a time to address the holders here soon. Once SOS gains a little traction there is a gap to fill to $2.05 Which would get us above the...
Although I'm a bear in the market on a macro scale. I do believe that we will see a Christmas rally in stocks as VIX is pointing oto $13 in January. You could probably throw a dart at the wall and buy a stock right now and make a quick buck for a 2 week hold. I choose SOS as it has a very nice wedge formation.
here is a quick analysis on SOS a couple people have requested it so here it is. enjoy Rigo
in case you missed my clsk, any, sprt, ncty calls 👇 sos is moving their operations to the usa, >bitcoin miner >heavily shorted >high demand by memers >short squeeze pending. -------------- my upside target is $35
Good risk/reward for an entry here measured to first PT. This is the most reasonable place for a bounce and a decent long entry IMO. I'm scaling in here with a stop loss in red as pictured. Trade at your own risk with your own due diligence.
Falling wedge support, direct offers led to oversold, direct offer priced at 1.75 so $1.50 a bargain entry! Oh yeah, BTC ATH today!