It looks like we're on a long-term downtrend on the weekly timeframe. BTC has been closing on lower highs every week since it's ATHs.
Some support areas to watch/trade as it tests this trendline are:
Zone #2: $39-40K
Zone #3: $30-32K
Zone #4: $19-20K
I looking to buyzone of $51.31 to $53.54 for a longterm hold (12+ months). That zone has been tested before many times and their last offering was in that price zone. Also looks likes it's setting up in a wedge to breakout for a nice swing trade to $65-$70. Both are possible plays.
Across the megatrends of 5G, cloud computing, autonomous vehicles, and others, the common denominator is the requirement for components made of advanced engineered materials, II-VI looks like it's positioned for strong growth. Now trading at just 15.5 times next year's earnings estimates, below the overall market and many other high-growth tech stocks, this...
Sofi was on track to break ATHs but ran into some trouble at earnings (overreaction). The fundamentals are still solid and the bottom of the wedge is holding support. Last couple days the CEO bought $100K worth of Sofi ,institutional ownership has gone up, and last lockup period has expired this week.
Sofi is set up nicely to breakout and get back on track to hit...
Looking for a break above the resistance on the 12 hour for a move to the upside or a break down can push it down to retest $30K. Also keep in mind that the 20 week average is $43,800. Last bull run we tested the 20 week and we failed and we entered a bear market. GL