if breakdown occurs, looking to go back down to a few cents. maybe like 2 or 3 cents a pop. For those curious this chart doesn't show, but Stellar used to be worth less that 1 US cent in July of last year. theres no reason for it to be valued so high.
for reference
despite major losses were still trending and going up from bottom channel carried by NASDAQ:AMZN and NASDAQ:AAPL
Dont let big volatility scare you. good buying opportunity for NASDAQ:FB NYSE:TWTR and my favorite: NASDAQ:TQQQ . Looking for the big meltup driven by momentum investors befoire the onset of the next recession in the 2019-2020. : Looking for a peak out around 9000
6800 was an important level to hold. Once the price action dipped bellow that level it slid to find support at 5800. The important level to watch however was the breakthrough back above 6500-6800 region and into the 7000s. Completing an inverse head and shoulder in RSI and price action in TWO different instances. Not to mention the very high volume pushing...
what i think the top of this bubble might look like for reference.
Convergence of both these bubbles shows how delusional investors have become. This shows signs that the global economy is in a bubble. There are a lot of signs showing a bear market is soon to come, this is only one of them . Whether there is a melt up before that happens is yet to be seen, however i find it to be highly unlikely
High correlation between most graphs. still looking like solid bottom
my previous analysis was wrong, most likely making a recovery
bear flag continuation after breakdown
anticipating further move down.
looking to breakdown bear flag into final corrective wave, took a lot longer than i originally anticipated but it will come. short then long into buying opportunity