RS Rating of 98, rising Quarterly VWAPs anchored to Earnings, Above its 40wk MA, New IPO highs, I have reasons to believe this security displays all characteristics of Superformance
Bitcoin re-emerging to its bull cycle, CRYPTOCAP:DOGE , an active volume coin that historically leads alt cycle; is in no doubt, in my perceived mind, that this is a crypto with promising returns
52wk highs breakout closing in, rising RS rating, above 200dma and past 4 Quarterly earnings VWAP, I have reasons to believe this security displays all behaviors of super performance.
A lovely bounce right at AVWAP S/R flip, should see decrease in prices
Bearish divergence, earnings gap and trap, news was most likely priced in prior to earnings day and needs retracement in order to rebuild momentum.
Based upon the VWAPs anchored to earnings shows rejection on its recent rally, could prove more downside in prices.
Momentum seems to slowdown from here, multiple intraday price swings, all signs of exhaustion. Could see a drawdown of $42 ranges, $38 ranges if extreme downwards volatility follows, however this is only a hedge idea and by no means a long term short idea.
I have reasons to believe price could extend towards $420s
Close right underneath its AVWAP after trading above it, should see decrease in prices
Based on the slopes of the AVWAPs and prices crossing below shows no appetite of risk for smart flow, if market agrees with the idea could prove an extension downwards to $47 ranges
I have reasons to believe prices could push to higher ground
An interesting idea for a 40m Float and a market cap of 200m of a NASDAQ stock into the NFT markets