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Oversold

DXY Embarks on a Ranging MarketThe dollar has ended 2020 with a yearly loss of more than 7%, and more than 12% from last year March the highest near 103. Last week, the dollar continued to fall and break new low but managed to recover and close just next to the week's opening price. One fact for sure is that the dollar is too weak to perform another bearish trend that's significant enough. In fact, the rebound came after it found support at a broken falling trendline as seen in the H4 chart. While we do not expect the dollar to be strong, a rebound is almost inevitable. We can start to buy the dollar and aim for a range high, probably somewhere nearer to 92 first.
TVC:DXYLong
by AlgoVenture
BARRICK GOLDBarrick Gold -$22.88 (+0.22%) Fundamental: More stimulus is coming. especially with the 2k checks trumps demanding, that means more real inflation (fed reserves are not inflationary, stimmys are! - last stimmy cost the gov 300 Bil . This time is a higher amount, for a lower income bracket, so its reasonable to assume about the same amount ~ 300 bill more). Regardless of the macro, boomers will pile into gold as a safe haven as a result of stimulus in the news. Regardless of the economy gold companies are doing fantastic! most companies factor a price of gold < $1600. spot has been well north of this, reasonable to expect amazing returns for this company's earnings . Very underbought now ( RSI sub 30 in november, currently sub 40 ). right now, its even cheaper making this a smart money play. Consider that Buffet had bought in august, and trimmed his position in november. what did he see? Now is the time for smart money to position. Technical: back at a stable support level of $22.75. price has been hugging the yellow trend line since Aug 2018. trust the trend, not the fud. note: gold miners follow the gold price. make sure to follow the gold price like a hawk. currently very sold since august, counter seasonal trends. if gold can break $1900, the bull trend will continue. end of a bull run or a bull flag? you decide, heres my chart:
NYSE:GOLDLong
by Jorji
XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
XRP - What's up with XRP ?Ripple's XRP has had turbulence but no take-off compared to other cryptocurrencies, which are mostly in the green today. First, a look at the fundamentals - Despite the airdrop, XRP descended into a slow bleed downwards. I've read many articles on a few of the most mainstream "crypto news outlets" (commas so that this article doesn't automatically get blocked arrr) and the general feeling is that the upward rally prior to the airdrop was ridden as another pump and a perfect time for some investors to make their final exit strategy out of XRP. Believable. You will also see much hatred going around if you follow XRP twitter right now. On the flip side; we see exciting news that Ripple is partnering with a major bank in Singapore, who will launch crypto including XRP. So far a launch date has not been made public. All of the above mentioned, now the technical - XRP is currently trading in a descending triangle. The general consensus at this point seems to be that a drop below the $47c zone could trigger a selloff, and a close above $51c could indicate the start of another bullrun. So we really are at the verge of either or. I personally will be watching the RSI and the support line cautiously. Thanks for following 👍 BlockTechEv
BITSTAMP:XRPUSD
by BlockTechEv
2
Oversold: if recovers will gap to $180As you are no doubt aware, Splunk posted disappointing earning and is up against stiff competition in it’s primary revenue. However, this is a technical analysis to highlight a couple of point aon why I’m watching this stock. Look at the gap! When considering the data from November onwards, we see a huge gap up last month and a huge gap down just last week. That means there’s potentially for a smaller gap back up if the stock stabilizes, accumulates, and tried to breakout. Stabilization It’s beginning to stabilize with volume at it’s current level, having good give and take. It’s quite possible it will begin to rise and if so look out above. In summary, I think there’s an opportunity here. I’d be uncomfortable taking it without considering their fundamentals, so be sure to do your own due diligence before making a decision.
SLong
by PreferredStonk