Monitoring Bitcoin here. Being weary with the upward wedge for a bearish movement especially with the new resistance of ~60k.
I've placed "Redflags " displaying a bearish Relative Strength Index (RSI) divergence. I'll be looking for confirmation below the "green" trendline indicated by the target sign .
This is where a good exit...
A wedging pattern formed and a breakout is imminent.
✅ Bullish candle at close
✅ Near the end of the wedge
✅ Red Flags = Relative Strength Index (RSI) divergence shown here
A price entry can be made inside the wedge or when the bullish movement is confirmed at the breakout and confirmation level of $2.14.
This is a 1-2 week trade for a 7-10%...
6-Month, 2-Hour View :
Another Cup and Handle formation
Profits: >40% gains (1+ months)
1-Month, 30-Min View:
✅ A bullish wedge indicating the Stock Price (SP) movement to go up. Waiting for confirmation above ~$8.80
✅ Red Flags = Relative Strength Index (RSI) Divergence appearing for a bullish momentum
On the left side, we have a 1 Month view and 1 hour chart.
On the right side, we have a 1 Month view and a 30 minute chart (zoom in)
I see a couple things here indicating a bullish breakout about to happen:
✅ A nicely formed Cup and Handle
✅Red flags: Indicating a Bullish RSI divergence. We have lower lows on the chart and higher lows...
A nice Cup and Handle forming as we make it towards the end of the week. Perfect timing with the upcoming news release.
Red Light Holland has already made it known that they want to be the forefront in Psychedelics. To date, i've noticed a strong campaign regarding branding and increasing company exposure/ psychedelic acceptance. I do like that Bruce Linton is...
Looks like MRS is Mission Ready. New floor at ~ 0.30, so it may be a good time to get in. Although it's forming a nice Wedge and looking for a breakout.. here's a couple things to note:
1. Several government contracts
2. Revenues for first quarter in 2021 likely ~$500M
3. Covid-19 cases/deaths all time high, increased demand for PPE (has become an addition to PPE...
This will have another entry or 2 around it's support ~23.20, and will breakout towards ~24.70. If it breaks through, resistance around ~25.50 by EOW. IMO
Price Target (PT): ~25.50
**I don't think we'll see $28.00 levels until March