Between the two scenarios, A & B, I think scenario A is more likely so I'm looking for a breakout above this downtrend line. Scenario A looks likely because of an MACD cross, strong bounce off the lower bound of the channel, showing strength. Looks like it is about to test RSI at 50. With ETH fees going through the roof and ALGO being put to the test with more...
20% gap between BTCUSD nav performance and MARA. I believe that gap will close. So she's looking fine as hell, a beaut. Partnership with Beowolf should yield a 38% decline in electricity/power costs. I believe MARA is going to be the winner out of the pack of bitcoin miners because they have been reinvesting in efficiency and growth heavily. Their sales...
Waiting to see if it breaks below the neckline with at least 2 bearish candles before initiating a short position. Negative EBITDA with negative revenue growth YoY.
On the log chart, you can see a clear upward channel that was broken but looks to be turning around now with a double bottom reversal. RSI is back at 50, the stock is trending upwards and MACD looks coiled.
A breakdown could bring it back to 42k but a breakthrough could bring it to & through 50k. LFG. Decision time happening momentarily.
COINBASE:ATOMUSD look for buy setups in the blue rectangle. ATOM has been in a channel and I expect it to treat the lower channel line as support.
VIX looks ready to pop with all this uncertainty and potential sell-off. The chart looks to be saying the same thing. VXX or UVXY if you want more leverage. I rode SVXY down, and am now riding UVXY back up. MACD looks ripe
Looks like it's ready to pop again. Bullish pennant on 15m chart. Easier to see on 5m chart.
Bullish pennant formation on COINBASE:SOLUSD 4H chart MACD looks to be curling up towards a cross. SOL's increasing institutional appeal will drive it further.
Go long TBT as a play on rising rates. It appears that the 10yr has formed a double bottom and is ready to reverse. The economy is strong and the recovery is going well. The Delta variant is currently peaking so things will only get better going forward. Technicals look good on the TBT chart and the fundamentals backing the thesis are solid. TBT is a good...
COINBASE:ETHUSD is bull flagging on the 15M chart with the MACD approaching a bullish cross. It looks ready to break the $3k level. RSI has held steady at 50 showing strength in this rally. If it breaks above $3k and holds till closing then the sky is the limit 1 yr PT for ETH= $10,000 5 yr PT for ETH= $25,000
headed back to the volume shelf at $70. Recently hit a floor and is bouncing back. The sentiment is horrible. "Be greedy when others are fearful" FXI is worth a look too if you prefer a broader index.
Trading in a channel with some healthy consolidation. 50 day SMA passed through 200 day SMA (Golden Cross) Trading at a discount with only a 15 P/E ratio. Fair Value Estimate from Morningstar: $436 Implied Upside from Last Close: 15% Lockheed just landed a big sale to Switzerland of their F15 jets beating out Boeing
FSR is an EV company that has shown promise with its vehicle, the Fisker Ocean as well as its partnership with Magna (MGA). FSR stopped nearly to the penny at the 200-day moving average. Stoch RSI and MACD look to be bottoming out and FSR is trading below its VWAP.
$JMIA has been popping up with heavy bullish call buying and has formed an inverse head and shoulders pattern. Waiting for it to break the neckline with gusto to buy. A great name to trade, and a great time to go long.
FSR will be included in the Russell 3000 index on June 28th. There has not yet been significant volume indicating that the mutual funds and ETF's that are mandated to track the index have most likely not made their buys yet. When they do make their buys, this should result in a large inflow in a short period of time pushing the price higher. The IWV, an iShares...
Looks ready to break out from a long downtrend and rip higher. There were a couple of fakeouts but this one looks real
Which scenario do you think is most likely? A, B, C, or none of the above? It's possible it breaks free from this downward channel but sentiment for crypto has turned overwhelmingly bearish. B and C might be the more likely scenarios. Uncertainty around whether or not inflation is transitory could have something to do with the stalling out, but monetary and...