Looks like we see a resistance test these upcoming days for a falling wedge breakout. BTC has respected the 50 day MA
Choppy and below the 200 day MA. I’m leaning towards the move downward on this rising wedge
BTC may be consolidating in a falling wedge pattern similar to the previous one (blue lines) on this chart.
Bounce off multi month support, back over the 20/50 MAs. May possibly form an inverse head and shoulders
BTC may continue to rally, but if it reverses, it may form a cup and handle pattern.
Possible inverse head and shoulder forming? Way too early prediction👀
$NIO was way oversold but appears to have rebounded as it pulls away from the 200 day EMA.
I’m long FUBO. Falling wedge and off the 200 day EMA. If the market truly reverses its recent downtrend, this can move up in a hurry
Not a buy recommendation yet, just a demonstration. I would never chart all these lines, but I drew out lines that rejected price at least two times each— NOTE how future price reacted to those lines. The trend lines are real people!
$GNOG- Golden Nugget online gambling- oversold, below the 200 day EMA, off support. Look for a retest of resistance soon (and potential breakout)
$LAC- EV battery (lithium)- will likely go down towards the 200 day EMA before it heads up to test the channel’s resistance.
$SNDL- weed play- bullish engulfing pattern off support of the recent downtrend, back above the 200 day SMA. If this breaks resistance of the downward channel, can be looking at $2+ by April.
$SKLZ-($27.45) mobile gaming- Bullish reversal hammer candle on the 100 day EMA. March 10 earnings coming up. I can see this creep up to the $40 range by EOW.
$SOXL- back above the 100 day EMA, also above a multi month support line. I am buying between $28-32, selling(stop loss) near $27.75, securing some profit at $40 and $43. According to Yahoo Finance: “As more people have been staying indoors since the COVID-19 outbreak, there has been a surge in electronic goods sales, which are leading to a rise in demand for...
$SSPK (SPAC for Weedmaps)- bouncing off the 100 day EMA with a bullish reversal hammer. At the end of a bullish falling wedge ready for a breakout soon. If swinging, I’m looking at taking some profit at each of those red resistance lines above the current price.
bullish eversal hammer candle, held multi month support despite market-wIde sell off, oversold and ready to head back towards resistance of the upward channel