TSLA Staying FlatDoing/Updating some Notes again. Average Purchase Price: 167
and going higher as the stock is staying in the mid 200s.
Cybertruck is starting to make it out the door, some ppl hate it other love it. Overall great thing to have. Self Driving is still not out and I really don't want it to come out until late next year so I have more time load up on shares. Tesla robot is looking better and better. Pricing wars/discounts have started and margins will look like shit for next year/coming quarters.....or so I suspect. At least they have margins on the EV cars they sell.
200 fairish price, hopefully visiting 160's early next year.
Gainsexual
Adobe Gains CorrectionBookmarking this analysis for future reference. Average purchase price: 308. Solid year for the company with new AI integration into products while showing willingness to learn from defeat and flat out purchase Figma, great long term thinking on this one (hopefully the deal gets approved.....when will it get approved?)
Markets are correcting tho, and giving back some gains, could be a nice place to start loading up again around 440 to 385ish ......maybe. It's not overly expensive as it's currently trading at 31X PE so I'd think it would not be overly affected.
AMZN looking like a SNACKBuying the DIP as I know that AWS is killing it, with the beginning of it's growth just revving up. Plenty gains to be made in the long term, I'm not sure WTF analysts/ppl are seeing here that it's gone this low but i kinda like it makes buying it a lot cheaper. 70 time to take another medium bite, then at 60ish I'm going to fill up like a Professional Hot Dog Eating Champion.
BABA Ride the waveFollow the money and ride the wave. Don't fight the wave you can't fight these big waves caus. Earnings is coming up and I'm clueless on what to expect but if big money is buying the dip, then I'll be a bitch if I don't jump in and get some skin in the game. Will increase positioning size as time goes on. BTFD
Gallivanting-Barmey Annulment I have been absent from this coin for quite some time. Recently, I have entered the basket. I have seen a number of you Posting a codswallop of information, stating that this coin may return to the .035 threshold. As you can observe, we have a promising future here shortly. While indeed bitcoin has been dodgy, we were able to make a few quit this week nonetheless. This coin here has more promise than these newer filch coins. The quid forward. Cheers and good health to you all.
SNX - A Brief Look at Synthetix - In Depth DeFi - 2I'm going to go through all the major DeFi Crypto offerings over the next little while. Calling it "In Depth Defi". Instead of "In DepthFi". Still unsure on that one. If you like it, enjoy, and feel free to leave a like. If you dislike it, also leave a like, just aggressively click the button. I'll be able to tell the difference.
Synthetix started as a stablecoin project called Havven, founded by Kain Warwick. Who either had really cool parents or made up his name. More recently they've pivoted into the world DeFi, just like literally everyone on the planet..
Basically, their system uses two types of tokens: the main Synthetix Network Token (SNX) and synthetic assets, or Synths, of which there are many different ones. ETH is locked up to create DAI, similar to MakerDao but here SNX acts as a locked collateral to create SUSD (SynthetixUSD), which then acts as that sweet sweet debt. and the wheels of capitalism keep turning...
The Chart
We see a couple interesting trend on the 4H chart: first we're in a big ole downward wedge, with the bottom flattening out against the historic key support. That's the big purple rectangle if you didn't pick up on that.
We're currently sitting in a pretty tight downward channel, which we can see is historically how SNX tends to move before having a firm breakout upward. Not a lot of partial moves on this chart.
EMA all major EMA's are being used as resistance right now. A clear bearish indicator.
MACD Shrinking bear divergence.
Stoch Decent room for growth, right in the middle of the channel, but looking like it's headed towards a bear cross.
OVERALL
We're likely to see this downward channel continue until it can punch into the historic support zone, ole' mr. purple rectangle. Watch it when it gets here as this will be the likely bounce or break point.
Safest entry is to wait for it to break the downward channel in the upwardly direction. When SNX reverses, it tends to complete the reversal as i mentioned earlier. If you're the knife catching type, make sure to set an intelligent SL. If that support breaks it could dip lower trying to trigging SL's.
TP's are marked on the chart. Over the 2nd one we're talking fairly long term. the first two you'll probably get within the next couple weeks.
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"I made my money the old-fashioned way. I was very nice to a wealthy relative right before he died." - Malcolm Forbes
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I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you.
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