Be fearful when others are greedy and greedy when others are fearful.
Fear appears to be the case with $HEAR bulls at this point and greed with bears. Is there a hope for bulls? Let's see.
There is a 75% short interest in this stock right now. If this isn't a world record it should be close to one.
But shorts are not the ones hurting right now, they...
BCH has formed a cup & handle pattern.
Though handle portion of pattern is somewhat small I still believe this pattern has potential of a strong breakout given the rest of crypto market is showing strength.
The depth of cup is about 40 points so textbook breakout of this pattern will put us in 190-200 area.
This is 4 hour chart but on daily there is a strong...
Bitcoin is forming inverse H&S with a depth of about 825 from neckline to head.
The breakout of such formation can lead it to around 4950ish area.
We're also about to get a bullish cross of 50 and 100 MAs.
RSI is showing strength too.
Good luck out there.
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
Overstock is showing multiple bullish signals that can't be ignored.
Potential cup and handle.
Price above 20, 50, 100 and 200 SMA but not too high above.
RSI has found support near this area multiple times in recent past.
MACD is above zero line but might see a bearish crossover. This could provide opportunities for a good entry.