vipulppatel

vipulppatel

Right on target in terms of price and date, be careful here, we will be dropping 60% over the next month based on this simulation output. Next stop $1050 in mid September

vipulppatel Updated 

This forecast is just for fun, prices and dates are based on a simulation model I'm testing and in no way should be used to make trading decisions. Just throwing it out there to see how it performs. Comments welcome.

vipulppatel

The current Elliot Wave (orange) pattern suggests we are in the wave C completion phase. From here we could continue to fall to the next major support at 0.33 or break the blue upper trendline and continue the larger bullish trend. The longer-term support trendline suggests that we do not close below 0.39, Breaking the blue upper trendline suggests a continuation...

vipulppatel

As described in my prior post we have made a significant move from 0.32 to an all-time high of almost 0.70 as part of wave 3 of the EW supercycle. We now have a minor wave pattern 1 & 2 complete in orange aligning with the 1 & 2 waves of the supercycle yellow this is a very bullish pattern. We have an upper trendline that has now been touched 5 times a break on...

vipulppatel

From the chart, we have a completed wave 1-2-3-4-5-A-B-C in blue and have the makings of a larger wave pattern in yellow with waves 1 & 2 complete. Wave 3 will be triggered if we can break and hold above 0.3 Wave 3 is the largest wave in the cycle and proportional to waves 1 & 2 for scale taking us potentially to 1.00 and beyond. Waves 1&2 of the smaller Elliot...

vipulppatel

Tracking well as per the previous post, Wave 3 scenario is now confirmed. Likely to flirt with the upper triangle breakout line(yellow) before a larger move, the ATH (all-time high) is likely to act as a temporary resistance. At this point, the outlook is very bullish.

vipulppatel

Ascending Triangle Breakout on 2hr chart in the context of a short squeeze above 42.60 - plz see prior post Catalysts (from Reddit) www.reddit.com 1 Nomura Earnings 27 April Nomura is the last of the big banks with Archegos exposure to report earnings. This will inform hedge funds that the risk of big banks unloading millions of VIAC shares is over. Hedge funds...

vipulppatel Updated 

So based on my previous post we broke down below 0.25 and literally plummeted to 0.14, as bearish as this sounds it has created a possible Bullish Elliot wave Supercycle scenario. From the chart, we now have a completed wave 1-2-3-4-5-A-B-C in blue and have the makings of a larger wave pattern in yellow with waves 1 & 2 complete. Wave 3 will be triggered if we can...

vipulppatel

The symmetrical triangle is now invalidated due to the break below the yellow dotted line and we find ourselves in a descending triangle in the context of an uptrend (solid yellow line horizontal blue line). Strong Blue line support @ 0.255. The previous symmetrical triangles' lower trendline (Yellow dashed) is now acting as resistance. So what does this all...

vipulppatel Updated 

VIAC down from over $100 to less than $40 in a rapid decline, slow bleed for the last few weeks increased shorting. Short Interest currently at over 100M shares on a float of 550M, solid company which got caught up in the forced liquidation of Archegos Capital positions. Tightly packed Squeeze triggers above 20MA at...

vipulppatel

The previous Cup and handle pattern is now invalid and we are in a much larger Bullish triangle if we can hold above 0.3. Volume has been decreasing during the triangle formation which is a good sign. a break and hold above the upper trendline on heavy volume would confirm an entry to much higher prices possibly to the 1.618 fib level which would be 1.05c.

vipulppatel

A beautiful Cup and handle formation on the hourly chart, handle formed on decreasing volume (and stayed above 50% level of the cup), bullish volume increasing looking for a breakout above 0.45. Top to bottom of cup is 0.22c (0.45 - 0.23) so our target price is 0.67 (0.45+0.22) which lines up perfectly with our 0.618 fib extension (confluence) 0.67 her we...

vipulppatel

We have pulled back significantly from the high at 0.44 from, the accelerated move up, and currently flirting fib the 50% retracement at around0.26. A Break and hold above 0.31 would signify a larger timeframe up move and much higher prices. If we break below 0.20 this would nullify the pattern. from an Elliott wave perspective, the bullish scenario is that this...

vipulppatel Updated 

We have a widening channel and momentum and volatility is increasing, added to this sentiment and public awareness through the roof. We could easily see $1 by 4/18 but be prepared for some major swings. I would really like to see some consolidation at least for a week or so. Please see my previous pubs all have been on the mark.

vipulppatel

Ascending triangle knocked at 0.145 three times now, a breakout on volume above this level could take is to 0.22 with pauses at 0.175 and 0.193 (fib levels). Post breakout of the triangle 0.134 to 0.145 will act as a strong support zone All this happening after our recent bullish breakout run from a 2-month cup formation.

vipulppatel

After our recent bullish breakout from a 2-month cup formation, we have a rejection at the 50% retracement of the up move and holding above the 38.2% fib level, we could see another rapid run here to 0.22 (100% ABC extension).

vipulppatel

Knocked on the 0.060 level many times now and it is beginning to crack, 0.065 will be key if we can break above this level and stay above for more than a peek-a-boo moment we will have a solid support band to work from going forward. Price action is looking good continuing to form rounding lows at a steady pace. If however, we spike up to highs we are likely to...

vipulppatel

A Large descending channel, rounding lows (potential cup & handle ), if we pull back then support at 0.045 to 0.047. A breakout above the channel we will see strong resistance from 0.06 to 0.065. The rounding lows suggest a potential larger cup formation to the end of March before new highs. Trade active: An entry here at 0.051, will look to add on the break and...