MillionaireEconomics

MillionaireEconomics

Mirror just did a retest on the trend line and it seems that it is getting supported. Fib extensions seem to show possibility of growth. Also RSI cool down and trendline re-test on the 4H Chart shows that possible move back up may be coming. What are your thoughts? Comment below, hit the like and follow me. Thank you! Disclosure: This is just my opinion and not...

MillionaireEconomics

SAND is on a parabolic run currently but I was thinking where could the bring be brought back down to if it begins to retrace. The 100 SMA and the prior all time high seems to be a possible support area. Let's see how long the parabolic run will last! What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion...

MillionaireEconomics

Superfarm recently broke out of the double bottom pattern. Measuring the move, we can see coming up to the .382 fib level next. My major concern is the RSI is very high on the 1D chart. A bit of consolidation may need to happen before the next leg up. Coinmarketcap for SUPER: coinmarketcap.com What are your thoughts? Comment below and hit the like please....

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The Graph (GRT) is one of the top 100 cryptos but it has been on a downward trend within a triangle pattern for many months. It seems we are near the apex of the triangle. Taking the flagstaff from the last pump and moving it to the breakout area, it seems that the 1.618 fib may be reachable. Also considering the fractal pattern from when GRT launched, we may be...

MillionaireEconomics

Descending Triangle forming on Mirror Protocol (MIR). Price has already seen such a downturn since MIR has started trading. Let's see if it will turn around. Keep in mind descending triangle pattern is a bearish pattern (generally speaking). But also remember this crypto hasn't seen a pump in a long time (feels like). Lastly, RSI seems to be ready for a breakout...

MillionaireEconomics

XTZ - follow the trend. It seems that we are at the bottom trend line of the Rising Broadening Wedge. Though these are generally bearish patterns, XTZ may have the opportunity to reach the top part of the wedge next. To increase this chance, I noticed hidden bullish divergence on the 1D chart along with consistent market structure with higher lows. What are your...

MillionaireEconomics

Cardano is showing signs of the next leg up. After the last breakout, Cardano has been in a falling wedge pattern off of a flagstaff. Taking the flagstaff from top to bottom, the measured move brings the price to the 1.618 fib (trader's dream :P). All of this works if BTC and ETH can keep the rally going as we are approaching the apex of the falling wedge for the...

MillionaireEconomics

If AMP decides any day now to have a breakout, I was looking at where the major resistance areas would be. I put a few points that seem to have multiple resistance touch points. I also layered in the Fib levels to show where we may need to get to. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and...

MillionaireEconomics

I am charting Dogecoin on a 1D chart. Lots to discuss below. In this chart: 1) I am measuring days of consolidation before pumps 2) The pump percentage gain 3) Possible target for next pump based on Fibs 4) RSI seems ready as it has hit almost 100 in the past. Lastly if you look at the full chart going back in history, I noted each November and the Dogecoin...

MillionaireEconomics

OXT is doing very well but RSI on the 1H, 4H are very high. Possible cool down before a potential next leg up (similar to the last pattern). What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on...

MillionaireEconomics

I always wonder why BSV is offered on Robinhood and not on Coinbase. :P I put together a Log chart on a 1D and looking at history to assume where this is going. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis ....

MillionaireEconomics

Could a 10X still be in the cards for Litecoin LTC? I put together a 1M LOG Chart for LTC and assumed the double bottom breakout in the works. The 478% calculation brings the fib level to 2.618 almost perfectly. Of course this is an assumption but I can't rule this out. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This...

MillionaireEconomics

Chainlink on a 1M LOG Chart showing the high and low on Jan 1 2022 assumption. Circled areas are the touches of the Equilibrium on the Parallel Channel. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...

MillionaireEconomics

Assuming it following in the parallel log channel, Nov 15 high/low noted in the chart. Fundamentally, DOT is a good project and has strong growth potential. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't...

MillionaireEconomics

Since Robinhood is interconnected with the crypto markets, I thought I would look at Robinhood stock. The Shiba Inu hype may have gotten to Robinhood for now but not everything can go down forever. The stock seems to be touching it's IPO launch price and RSI on the daily is around 30 (over sold). It may be a good time to keep an eye on this one if it can get...

MillionaireEconomics

BTRST - Braintrust seems to not catch a break in the past few rallies. I put a recent fractal at the end of the price range to see a possible downside scenario. Let's hope it doesn't get there. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and...

MillionaireEconomics

DXY (Dollar Index) on a monthly chart. We are at the long term line of S/R (Support and Resistance) and depending on which way it moves it will definitely show what will happen to the different market (stocks, crypto, housing, etc). It's interesting to see the parallel channel formation and the trend line it is walking on since 2008. What are your thoughts?...

MillionaireEconomics

SNXUSD 1D Chart. Possible run up to the top of the trend line? RSI and Stoch RSI seem to be ready for the move. I also presented the resistance and support area circled. Keep an eye on this. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and...