XAU/USD Next Target Post-Dip $2050Right now for the gold spot, it has went to the price of $2010 which is a bullish rise from many previous predictions last quarter. Today at nearly 0.45% down, it is likely a dip because I think the next target should easily be $2050. That being said, please keep in mind everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. Proceed w/ caution.
Chartpatternstrading
GENE: Last Breakout was Crazy, High Volume Pop?GENE is one of those stocks that had support pickup for volume which lead to a really big breakout. The selloff was as bad, given many people getting excited can leave just as quick. I'm not sure I would consider it far enough evidence yet for market manipulation. That being said, even with lots of the resistance it has been receiving, I think it has potential for a positive retest. I would rate this as mid risk, but think that bullish correlations can push this past the $7 price point quite soon. That being said, please do your own due diligence. Invest at your own risk. Everything I say is on an opinion based basis.
$MVIS: Long for Earnings + Wave #3Right now looking at $MVIS, I know it has had quite the bull run. However, I think with higher support levels, the last two previous wedges, and positive expectancies for the earnings call, this can at least be $2.85. That makes for a decent profit turnover. That being said, everything I say (as always), is on an opinion based basis. Please proceed with caution, do your own due diligence, and invest at your own risk.
$DPW: Next Positive Wedge Target!Looking at DPW, I think it is close to getting ready for the next positive wedge target. I been closely monitoring the swings the past few days and the $2.74 price point as well. I think once resistance is popped, it goes on to the next pivot point and picks up resistance outweighing many of the short sellers. This may be one of those stocks to lookout for. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Get Ready for the CBL BreakoutCBL is one of those stock finds where from the outside, it has been beaten up alot. If you want to talk about somebody that was hit from Covid, CBL is one of those stocks. The real estate market, especially when looking at malls and commercial spaces, isn't doing so good. That being said, I think as a long entry, the risk isn't too high given $0.17 is around a neutral point. This could pick some positive support levels and continue growing, and likely when key resistance is popped, you can see a large profit turnover opportunity. That being said, everything I say is on an opinion based basis. Please proceed with cation and invest at your own risk. Do your own due diligence.
Ready for the Next Positive Wedge? $BBRight now looking at the volume, I think Blackberry is expected to garnish some more major support levels as well as higher pivot points. Overall, given previous charting correlations, I would go long on this saying it is getting close to the next positive wedge. I think Blackberry has a chance here in the red to start becoming a bit more lucrative. That being said, everything I say is on an opinion based basis. Do your own due diligence and invest at your own risk. Please proceed with caution on all trades you make.
I'm Still Bullish on $TSLARight now, there are two critical points I am looking for in regards to Tesla. The $1450 price point resistance is about to be broken, and the $1500 price point will be broken shortly after (as we seen last time this happened), then many of the neutral patterns would also be broken. I think the resulting positive wedge would be much bigger then the wedge from the time this happened previously. Also, if we are on wave #3, with more positive support, at the very least I'm think it can pass the $1750 price point (more than likely even the $2000 price point) in a matter of few months. I'm being conservative, even though I would still classify this as mid risk. That being said, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution.
EURCAD: Decent Entry NOW!Right now, I feel like EURCAD is at a decent entry after the recent bearishness of the day. It is beginning to get some more positive support levels, and looks like it can be an easy way to a quick profit turnover. As always, everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. Proceed with caution.
Currently Watching: USDMXN and GBPUSDI'm that Forex guy who likes mid to high risks and high returns. Lots of people are shortening the USDMXN, but I still think it got ways to go for some more profit potential which is why I did an entry. GBPUSD is still picking up more support levels as well for a higher pivot. Pay close attention to the technical indicators and charting patterns. That being said, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
EURCHF: Long EntryRight now for the EURCHF pair, I think that the resistance trendline have been broken and it is starting to garnish some support levels. I think it is due for an even higher wedge compared to the recent positive retracement. It still has a bit to go, but right now I feel the entry is decent. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
Still Holding the CAD/CHF PairRight now, lots of events are coming up in relation to the this pair that I think will be positive. Also, given the risk level vs. potential reward, I think this have been oversold and it is about to have a breakout point from past resistance. I believe as an entry point, it is still quite decent and positive retracement potential is there. That being said, please proceed with caution. Everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk.
Litecoin vs. Dash: $LTC has higher Growth PotentialRight now when looking at Litecoin and Dash, I feel that Litecoin has higher growth potential for the next upcoming wedge. Looking at the two charts, the current bearish trendline for Litecoin was much higher than Dash, and now I'm expecting a higher positive retracement than Dash which is at a bullishness peak for this trendline. As always, proceed with caution. Everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk.
Something Seems Off w/ ChainLinkCurrently, looking at ChainLink's price correlations between March and now, something seems off. I am seeing huge peaks and than declines that seem nontraditional for altcoins. Comparing it to the Gray Scale Bitcoin Trust stock and Sicacoin, you see a pattern that is much of an outlier. The history of ChainLink doesn't seem to be than lengthy and the technology seems mostly mediocre at best. I was somewhat of a fan of them for some of the technological aspects I was hoping they would offer, but so far I see nothing impressive with the codebase. I feel like they are also way too centralized technologically, and I don't see much marketcap growth potential. The most impressive form of tech that ChainLink seems to currently have is a pricing data API for smart contract integrations, however, simple javascript and access to even something like TradingView's API seems like it can do the trick. Right now given the current charting patterns and technological aspects of ChainLink, I don't see enough to be impressed about it from both a technical and trading point of view. It seems like many of the current traders are overly speculating high growth at a really short time period. The price support also doesn't seem stable when looking at the overall charting history. I would say I'm currently at a short position on this. That being said, do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
SPPI: Possible Reversal from Bearish Correlations?Right now if you look at the tumbling pattern for SPPI, from the outside it looks terrible. It looks absolutely awful. However, for an entry price after this horrid plunge, it is quite considerable. SPPI looks like it has been oversold, and that the breakout potential looks to be there now. Right now, I think the entry is decent with mid to high risk given volatility. The charting patterns and volume + after market hours would make many day traders intrigued. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Decent Entry: USDCNHI believe that currently the USDCNH is having correlations previous to one of its last breakout patterns and that at the current price, it is a decent entry. I think currently this is mid risk. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
Bullish on GSK for Positive WedgeRight now, I am bullish on $GSK and expect a breakout for the Covid19 vaccines period. I think it is also garnishing some momentum, positive sentiment and major support levels. The charting is for a positive continuation of the current wedge. That being said, everything I say is on an opinion based basis. Please proceed with caution, invest at your own discretion and do your own due diligence.
Bullish on these two Pairs: AUDCAD & USDCADRight now, two pairs that I'm watching that have been a decent entry are the AUDCAD and USDCAD pairs. Overall, I'm bullish on them and expect some positive correlations and that they gain some momentum in terms of support levels. That being said, keep in mind everything I say is on an opinion based basis. Please do your own due diligence and invest at your own risk. Proceed with caution.
Next Curve: AUDJPY Decent EntryRight now looking at wave correlation and current support levels + risk aversion ratios, I believe that AUDJPY is due for an entry and that this is roughly a low risk trade. I also think sentiment shows some continued support levels. That being said, everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk. Do your own due diligence.
Decline Continuing: < $25 TargetRight now, I think Nikola's sentiment is still negative correlations and the 2023 plant isn't big enough news to dramatically effect its financials. I'm still keeping a close watch on it for potential retracement curves, but think support levels and brand equity still have ways to go. I expect with the current decline and previous correlation waves, this should dip to at least $25 if not lower quite soon. Currently, I'm in the short position. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
MARK: I Expect Higher Support LevelsRight now for Remark holdings, I'm expecting some more support levels and higher pivot points. I also think the bollinger bands, intraday, and wave correlations are showing some positive retests. Right now, I think it would still be a decent low to mid risk entry. That being said, everything I say is on an opinion based basis. Please proceed with caution. Do your own due diligence and invest at your own risk.
Options, I'm Bullish On $SAVARight now I think that the expected financials for SAVA are likely to be positive, it is to garnish better support levels and might even be nearing towards wave #3 of a potential breakout. I think sentiment have been strong on this one recently. That being said, everything I say is on an opinion based basis. Please proceed with caution and do your own due diligence. Invest at your own risk.
4 Forex Pairs I'm Watching: CADCHF, USDMXN, EURUSD, & AUDCADRight now I think that CADCHF would retrace from recent bearishness, USDMXN have some more positive curves to go, EURUSD still has some support levels as well as AUDCAD. Although the patterns are different, I'm still bullish on these pairs gaining more momentum. That being said, everything I say is on an opinion based basis. Please do your own due diligence and proceed with caution.
Going in again for the Risk: USDMXN and USDTRY EntryRight now, two forex pairs that I think will have yet another real quick positive retracement curve are USDMXN and USDTRY. I am keeping a close watch on an entry for these two. I also see some positive sentiment indicating more support levels. As always, please proceed with caution. Do your own due diligence. Everything I say is solely on an opinion based basis not meant to warrant as unsolicited or actionable financial advice.