BINANCE:DOGEUSDTPERP It still looks like a cup&handle. Handle is still forming and I expect to price to a pass over the creek. Although SEC's investigation of Elon Musk is a negative factor, I still think the changes are good for uptrend.
Just a BINANCE:BTCUSDTPERP idea
Bubble will burst sooner than later
It is more likely a psychological target. $1,000 will not be a surprise and it is more like inevitable. However, from an Elliott Wave count perspective, a macro correction is probable later than sooner. I expect $1,000 target to be seen but then a macro, long-time correction will be our main phase. So: short-to-mid run: long / long run: short Besides, if ...
Fundamentals is supportive, i.e. hydrogen. From a technical POV, the trend line is important. Above is pretty bullish.
It is in my opinion very much a speculative one but what I see at the moment: 1) from a wider perspective: a cup & handle 2) from a Wyckoffian perspective: it may be a re-accumulation. I expect the price will reach the psychological level of 0.1 and may expand further above.
It has been around 2 years BINANCE:ONTUSDT is in accumulation. The phases of accumulation seem to end. Although a spring can still happen, increasing volume is a positive factor for higher highs. The next target can be 1.03. With the continuation of uptrend the next target can be 1.73. @leopisbig
Although this will end with a downfall, the current (potential) distribution phase may provide a higher high, above $42k. BINANCE:BTCUSDTPERP found support at around $29k-$30k level. If there will not be any other attempt to that range, I think a new high will be becoming more likely.
Fundamentally, COMEX:HG1! has a potential with the new green economy and its new applications. China was the dominant consumer of it but in the next term, not a country or countries but a sector, including EVs, will dominate the market and prices. This is a long term prediction. I think current supply CAPEX is not enough for the next term. Thus, we can expect...
The price trends since 2008 looks like a re-accumulation. The last price collapse was possibly a spring. It was interesting that the test was the lows of December 2008. I expect TVC:UKOIL will find support in the next days. I don't expect a price re-test of $30. In the long run, we can expect the prices above $100, when the price is ready to pass over the...
So, the famous topic of 2021, whether the INDEX:DXY to depreciate or not. It is known that the short positions are heavy and that can be a sign of squeeze but the trend is not promising for the mid run and it looks like a distribution. I expect to see below 80 in the next term maybe a target of 78 in 2021 and beyond. Further depreciation at around 70 is also...
Russian ruble's tests at around 80 seems to support the idea of further supply at and above this level. A further move towards 90 and above can be expected though the trend may turn afterwards. Russia is an important commodity exports based country and oil is an important component of country's revenues. However, oil market outlook is not bullish and not...
It is pretty debatable but lira may hit an ATH or at least lira had a local top. The fundamentals are bleak or against the lira but US dollar's depreciation has a limited impact on the trend. Moreover, Wyckoff's schematics, in particular distribution, supports the idea. 7.15 will be a quite important support. 6.07 and 5.12 will then be important levels to follow.
Bullish factors: Chinese demand + lagging CAPEX, EVs, etc. This is the biggest triangle I have ever seen. 13-year-long!
I am bullish for this one. The triangle is ugly but I think it is an accumulation zone. Thus, a new all time high will not be surprise in 2021 and beyond.
What a headline, right? :) I am sort of serious actually about EOS. The price move since 2019 till now looks like a part of a correction (red ABC). This correction possibly wants to test the most untested region of > $9, with a psychological level of $10. From a higher level, with green ABC, if the price reaches $10, then a further correction and a stop-hunt...
Glencore is still a short opportunity but mid-2022 looks to be the end of long run commodity bear trend. The company has a diversified basket of commodities, including nickel, which is famous because of electric vehicles. *This is not a financial advice.*
It has been since October 2019, #Algo is in accumulation mode and it is now testing the upper level of its range. I think there are 2 possibilities: a) Successfully passes above the resistance, retest and continue b) Failures and continue to accumulation. In the end, after the accumulation, there is a big upside potential for #Algo.