SOS
$SOS moving into strong impulse area. Good Afternoon all.. So I have been using Wyckoff modes phoenix ascending indicator for some time now and find it to be fairly reliable.
Seen below, there have been bullish moves whenever the green MA crosses over the blue MA. There has been sustained bullish movement when the green line rises above the white energy.. all of this analysis can be learned from the excellent videos that he posts. I am paraphrasing, but from my understanding, when the red line is above the 58 mark, green line is above the white energy and the white energy cloud is large, this can mean that a substantial move to the upside should occur.. all three have now happened on the daily chart. I am long $sos with a substantial position and expect the end of the week to continue on this path with nextweek making a serious move upward. Not financial advise. DYOR. s3.tradingview.com
SOS 5/25 Update.SOS's next quarterly earnings date is scheduled for June 21st, 2021 per marketbeat.com . Not formally confirmed.
Here's my price prediction based off of what's going on now.
- The crypto markets are recovering, and there's been suspicion of hyper inflation on it's way.
- China banning crypto is not news that new. Crypto has always been the enemy of China. But remember SOS is more than a crypto mining company + they are growing their operations in the United States.
- Once again, I don't expect to time SOS accurately. I am just happy to hold and pick shares while they are cheap.
- This is just speculation if everything in the market is perfect. But as we know, there's a lot going on.
Only invest what you can afford to lose because you might not see that money back for a while. Keep an emergency fund. And do your own research before investing your money in the markets.
ETH still on trendCorrections are necessary and healthy in order to have a healthy market and in order to achieve the next leg higher. ETHUSD was red hot and needed to cool down so this is a good thing long-term.
ETH should be headed back towards $4,400 by the end of the summer if not sooner.
The 150-DMA held as support when it broke past the trendline briefly. There was no bearish candle that closed beneath the trend line so I would consider it still intact.
China's comments caused some headline shock but I do not believe they will materialize anytime soon. ETHUSD is still the digital oil/fuel.
The SOS Waiting GameEarnings are almost here but, big oof by Elon tweeting and bashing on BTC.
Good news is, SOS mines more ETH than BTC. And for a good reason too right; ETH is pretty much blockchain.
The biggest plus is that SOS is working to solve the fossil fuel energy consumption controversy/issue by reaching out for these deals with hydro electric companies. Something that RIOT and MARA have yet to act on.
Technical analysis show that SOS has been following this downtrend continuation pattern. But, the MACD is showing an upwards trend. This is a sign of a classic divergence pattern (reversal pattern).
TA doesn't mean much due to the fact that blockchain investors react more to catalysts because there's very little fundamentals to work with. But the fundamentals are getting better for the blockchain ecosystem as a whole. I really like that SOS is using blockchain for real life uses. Even better, SOS subsidiaries obtained their MSB licenses from both the US and Canada -- a leap towards the launch of their digital asset exchange $$$.
I know that the hedge funds shorting this stock are watching these posts to plot against the investors. lol.
Safe investing everyone.