I previously predicted that TSLA had potential to bounce short term off its 200D moving average, it looks like the market is confident in bringing this higher for the near term, although Burry's perspective is short, I do think there is potential for a near term swing higher, as his outlooks are generally more macroeconomic and long term. I have no specific...
MACD Reversal confirmed as well as increasing relative strength I believe will allow this to continue trading towards the $65 range, my first price target where I will trim position. Depending on whether it can break this channel assuming the top of the trading range is reached, I would put a second price target of near $70 if it can break above the $65 Level....
Nvidia cruising towards the top of its trading range as the company reports earnings this Wednesday May 26th, the report could definitely allow a breakout to happen near $700 if expectations and future projections are strong. High demand for graphics cards within not only the crypto community, but gaming community as well. Nearly impossible to get your hands on a...
An update on Snapchat from last week, we have now reached the top of the bullish pennant formation, an important level to see where the market wants to bring this in the short term. Currently sitting on the top of the pennant, representing a resistance level, watch closely today and tomorrow to see where traders want to bring this. There are two path predictions I...
As my last Ethereum post discussed being a buyer around the $2000 level, the crypto has bounced off of its $2000 price point, or 61% retracement level from its ATH. A "close" above the $2500 level would indicate a reversal in my opinion, as the crypto finds support within its Fibonacci channel within the $2000 - $2500 range. Still trading above its 200DMA, but dip...
GMBL showing more signs of trend reversal, assuming it reaches the top of its resistance range within this downward channel, I am confident that traders and the market will easily bring this over $10 near term, indicating a further long term breakout towards $14.
INTC gap fill opportunity near $62.00, follow stop loss according to chart positioning and support zone. MACD Reversal and oversold territory, long swing.
Due to Square's BTC holdings, and the bitcoin sell off, SQ is having trouble moving towards the upside within its channel and has broken support. Position stopped out, will re assess when direction is more clear and BTC volatility cools down.
As PLTR Broke out of its downtrend yesterday, and down nearly 4% today, this price point is crucial in determining whether this breakout will continue, a close above the channel would give me further confidence for upside, but I do believe that the next 2-3 candles for daily close prices tomorrow and Friday are important in seeing where it wants to go, someone...
Great technical setup I posted a few days ago, with now fundamental catalyst to help achieve that target
Ethereum has retraced from its ATH's similar to how BTC has, BTC completed its 61% retracement and Ethereum has followed the trend. With a few days of support above the $2,000 level, I would personally be a buyer at these prices IMO.
SPY selling off today would put my next SPY support near the 402 level, and if not held, near 396 according to the fibonacci wave channels that show support price points within the channel. Heavy selling today as people rush out of equities.
Gold has now broken out of its channel, a bullish indicator with fundamental reasoning behind it. Inflation fears as the fed continues to print money, as well as institutions and retail rotating from BTC into the precious metal as a hedge against inflation, and "true" store of value. First target for gold $1923/oz then $2000/oz.
Assuming GME acts similarly to the AMC breakout, we can give ourselves targets for retracements based on high to low prices on the 1D chart. AMC has completed a 61% retracement from its high to low since the beginning of 2021. GME and AMC have been very closely correlated and seem to behave in the same manner, as the past shows. AMC was first to breakout this...
Bouncing off support as well as the 200D MA, reversing the downtrend with a green close for the day. Looking for $275 as first target as its the past 2 resistance points.
Expecting snap to move towards the top of this trading range short term, a break above the channel would give me a $64 price target
BNGO showing a strong breakout from this range, expect this move much higher target near $7
Long position holding nicely with a nice bounce off the 200D MA, looking to fill the gap.