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Verge has been up and down over the past few weeks, thanks to bickering between their marketing team and McAfee. It's stabilized around 1000-1100 sats, and seems to be consolidating. 4HR chart indicates a convergence around 1/25. Looking for a bounce off of the 1050 long term support line today. Then we have to break short term resistance.
Should see a slow rise ...
Steady climbs over the past couple days after a week full of negative community chatter, but the sudden drop isn't following any TA or news that I can find. At the moment, it's breaking down through soft support around 16300 sats, but trying to recover over the line at the same time. We'll be looking at a convergence around 16300 in the next 5 hours, which will ...
Right now, we're looking at an up channel with resistance between 5550-5650 sats. If we pop that line, next channel resistance line is around 6050 (going back to October) - likely closer to 6000 this time around.
Lower channel support between 5300-5400. If we breakdown, we have soft support around 4900, and a hard support line at 4400.
Watch for breakouts above ...
Wild week for XLM - seeing a boom in volume, nearly doubling in price over the past 7 days, and grinding through a mass sell-off as BTC shoots through the roof - settling at a new floor around 800-900 sat. Even with this recent drop, the mean is still rising steadily.
Taking a look at the chart, we can see what looks like Elliott Correction after the spike in ...
AMD has had a pretty incredible 18 months - reaching into the teens for the first time in 10 years. Over the past couple months, we've seen a pretty substantial drop in price, from over $14/share down to $9.94 yesterday - a 29% dip. Looking over-sold at the moment.
We're getting close to the end of this falling wedge, right near the long term support line, and ...
EGHT broke out of a year long down-channel today. Earnings report on 1/24 - several consecutive quarters or profitability. Expecting an EPS miss, as per typical, with minimal effect on the trajectory. Looking at a slow rise back to the moving resistance line - somewhere in the range of $16.70 - $17.25.
Steady gains. Let's go.
I know everyone's on the "BTC Moon Lambo" hype train right now, but reality shows a regression in Elliott Wave fashion.
Peaking out in a $16K hockey stick today, and I've seen people draw comparison to Amazon, Netflix -0.10% , Apple 0.28% , and whatever other stocks fit their mold, but the harsh reality is that Bitcoin 13.55% is MySpace, maybe even Friendster. ...
It's been a rough 24 hours for XLM. BTC shot through the roof again and XLM took a huge hit to its momentum. We've reached convergence on the support/resistance lines and XLM is trying to break out of this falling wedge. This should signal Bullish continuation. That being said, we've seen a history of XLM going sideways instead of up during "breakouts," forming ...
XLM is currently breaking through the pennant ceiling. 480-490 entry point, if you're not in already. Looking like it'll head up to 590-600, on it's way to a 24-48 hour Target around 700 before consolidating again.
After a short rally, we've got a new pennant with support at 465 - looking for a breakout in the next 36 hours. Targeting 700 as an exit with stop loss at just below support.
Seeing strong Elliott signals in XLM. A lot of people are going long and targeting too high for the initial signals. I'm anticipating a 3 signal around 570-590, with a retrace to the high 400's, before heading up to 700-715 to complete the pattern.