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Relativestrengthindix

TWST - mini double bottomAfter a spectacular fall (of 88%) all the way back to covid pandemic low, TWST appear to have found bottom @ abt $25 on 12th May and then retested this level again on 13 June. There were some signs of high volume accumulation on days following these low. The 21day moving average has recently crossed above the 50 day moving average and RSI is now showing strength (>60). It is likely that the worst is over for TWST. Any near term pullback towards the neckline around 38 will be an opportunity to long. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
NASDAQ:TWSTLong
by Juliac
BITCOIN - Updated ✅Let's see how BTC is behaving. This is a 1D chart. (Mid Term) The upper Bollinger band has rejected BTC, and now it's sitting on support. If that local support is strong enough, we would see another pump to the following local resistance. Support levels: $41369 Resistance Area: $50542 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing BUY volumes for BTC. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that BTC is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $45090 Let me know your ideas. Good luck.
by ShawnMCR
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