Anyone looking at AMC for a potential short squeeze?
Current AMC's short interest is at 21%, well below that of GME's 140% prior to its January pop.
However, AMC's short interest is gaining traction every month - up 27.2% in April compared to March. Despite that, AMC's price has been stable for almost 2 months now.
TA wise - it's sitting on EMA supports. Is this...
DOGE - where do we go from here?
1. Price going higher with decreasing volume
2. RSI bearish divergence
3. Price broke down below 20 (orange shade) and 50 (red shade) of the 4H EMA
4. Price bounced off 200 (purple shade) 4H EMA
See the same pattern from mid to late April before the latest run.
In the next week or 2, I'm NEUTRAL.
SKL-BTC broke out at end of April, revisit apex/resistance now turned support and bounced back.
Higher low on 4/12. Would like to see higher high to confirm.
RSI broke out of down-trend, bounced off over-sold and on its way up, gaining strength.
MACD turned positive.
With all these positive signs, I think SKL is prime to break out soon... similarly SKLUSD is...
A close above the 50 EMA (4H frame) currently at 0.69, and the rocket should be blasting off.
Btc just had a bull spike... it’s time for the Alts.
Your patience will be paid off soon.
Target 1 - 1.14 (Fibonacci extension of 1.0, Corresponding to the all time high)
Target 2 - 1.5 (Fibonacci extension of 1.62)
Doggie broke out from the symmetrical triangle. Dropped back to its apex to confirm support and now on a parabolic uptrend (1h chart).
Looking ahead, if BTC remains bullish or range bound, I anticipate this small Doggie parabola to fail at resistant level of 0.062-0.063 resulting in a small retrace. Eventually Doggie will ride the BTC bull and breaks...
After breaking out from the symmetrical triangle, doggie came back to re-rest the apex of the triangle, which is common. Now it’s sitting on the support of the 4-H 50 and 200 EMA, it’s a great position to take a long swing trade for the moon. 🚀🌙
Bitcoin seems to be on the run with a very interesting Fibonacci pattern.
First run - 38.2% retrace
2nd run - 50%
3rd run - 62.8%
4th run - currently. If the recent price is the top of the current 7-day bull run, Fib retrace may possibly be 78.6% based on pattern; this puts the retrace to ~mid 52K's.
After that, we may have a signif reversal or may...
CGLD rocketed up to 5.0 on 3/29 and pull back. It has since made a nice rounded bottom - a bullish pattern. Now it’s building up pressure right below the 5.0 resistance, ready to explode up. First target is the Fibonacci extension of 1 and resistance at 5.6.
SKL found support with 200 EMA.
Broke descending channel with rising volume.
Massive run up to ATH 1’s range (over shot) wide resistant zone.
It retraced back support zone in green (0.75).
It’s currently printing a nice green 4H candle possibly signifying the end of the retrace (need a few more hrs to confirm at the time of this post).
RSI in the meantime is...
MATIC broke out of descending channel.
Ran up to 0.425 where it saw heavy resistance (red zone) causing a significant retrace. Popping on Fib - it looks to be a 0.5 retrace.
Currently it found very strong supports at the 0.35-0.36 zone with
1. horizontal support zone (green)
2. current bull run trend line (in red)
3. EMA 50 currently at 0.355 and EMA 20...