JasonMP91

JasonMP91

Hello everyone, I expect the green downtrend line to hold as resistance followed by a sharp correction to the downside as markets cool off in the face of a coming recession/continued fed hawkishness. Over-valued meme-type stocks like Tesla have massive downside potential. Thanks!

JasonMP91

Amazon will likely continue to underperform its mega-cap colleagues as the market digests the coming recession (whether it be major or minor). A re-test of the 2019 low of around HKEX:65 seems like it's in the cards for 2023-2024.

JasonMP91

With regulation incoming and Bitcoin dominance continuing to show relative strength, we should expect a progressive rally to the 200-week MA (with many up and down moves in between). I've had this trade going since early January but am only posting it now that I'm feeling particularly confident. Thanks!

JasonMP91

Riksy with potential, would recommend dollar cost averaging for a small long term position.

JasonMP91

Hi everyone, Looking at the ADA/ETH valuation it's clear that we are coming to a decision point. In my opinion, we are likely to see a reversal if the market remains relatively bullish (broader markets potentially making a reversal). ADA/USD has been in a significant downtrend, the recent transaction volume on the network suggests that ADA may be primed for a...

JasonMP91 Updated 

Hello everyone, Ford has repeatedly made local tops, dropped a slight bit, overextended itself past the prior local top (by about 20-25%), and come down to retest the prior local top 3 times since Fall of 2020. After each of these retests, Ford has proceeded to make an extremely bullish move of 40%+. Given the recent 55%+ move made by Ford and its habits of...

JasonMP91

Hi everyone, Algorand is a promising project with a great team. The chart also looks fantastic, being in a very pronounced uptrend since around April 2020. This uptrend has involved previous resistance being turned into support, something which I believe is happening now. Due to the promising nature of the project and it's having a very modest market cap of $8...

JasonMP91

Hello all, Walmart is showing a clear double top formation and has gone under its 20 week SMA. In the last few years, this has signaled a pullback of about 10% being in the cards, though I have circled in bright green 3 incidents where this did not take place. The double top formation, the historical trend, as well as the recent strength of tech stocks, and the...

JasonMP91 Updated 

Bitcoin has the potential to form a very nice cup and handle pattern as the market stabilizes following the dip from 69k. This cup and handle would imply a move to near 80k and a test of the top of the channel which Bitcoin has been in since July. All the best, Jason

JasonMP91

Hi everyone, This is my first time publishing on this site and I know nothing about technical analysis/chart patterns, but it looks like ADA has been repeating the same triangle pattern within a larger ascending channel. If this triangle pattern were to repeat, ADA would reach $3.80 relatively shortly. Does anybody have thoughts about this? Take Care, Jason