JamesRennie

JamesRennie

If you look where I have drawn the box for the last two days PLT has see rejection at the 21 daily MA that is not a good sign for PLT. It is possible that the lower trend line still acts as support and price only remains bearish for a short time.

JamesRennie

With price now at 18.293 it's well on it's way to physical prices that sit around $20. It's possible to test the last 2 tops around 18.60 today. I'll be watching for any signs of resistance this week to better draw out short term moves. I do expect that $20 will act as resistance though I don't know if we will she a but of large green candles up or a switch to...

JamesRennie

Looking at 21 Weekly MA and roughly stretching it out till it crosses the trend line. Looks like it will cross somewhere near the end of June. I drew a new trend line across the previous highs. I expect the level to now become resistance. I expect the top of the triangle trend line that previous acted as resistance to now become support. RSI is entering to...

JamesRennie

After earnings it appears the lower trend line has been broken and a pretty clear new trend has started this trend seems to be an accumulation trend. I expect that the amount of stock available to buy in this price range will gradually decline. The company seems to be turning itself around with not many people talking about it. During this time of decreasing...

JamesRennie

Still looking to break the upper trend line. Due to the upper trend line now being under $10,000, I now expect if the upper trend line is broken that 10k will act as resistance and the trend line will become support. If that happens, look for the 21 weekly to move up and become support rather than the trend line. MACD, RSI and Stoch still have room to move up.

JamesRennie

Stoch RSI and MACD looking good for some upward movement. Possibly seeing a higher lower put in recently when compared to my previous posts. Upper trend line has not really changed. The lower trend line changes reducing the time within the wedge.

JamesRennie

To stay bullish on Bitcoin need to see it stay above 21 weekly and above to $8500 trend line. The price is now above my previous trend line again though I have lost confidence in it staying as support. Another concern is that when the price dropped most recently we did not test the $8500 level it went back up before that. Though having a higher low is good news...

JamesRennie

Looking at this chart I think $3000 is possible that is a 25% gain. I also see parabolic movement on this chart after testing not likely passing $3000 this stock could crash 80% to $600. That would still be a 6x return since 2008. The risk reward math on this stock seems awful to me. On one side potential remaining gains are like fighting for spare change. ...

JamesRennie

A break through $3000 or a rejection will be a big deal for S&P 500. This physiological testing should happen in the drawn time frame. Recent;y $3000 was exceeded but the close was below $3000.

JamesRennie

Eth is looking to hit top trend line between June 1 and June 15th. 21 daily MA is now shifting to look upwards.

JamesRennie

Stpch RSI and RSI look like a price drop can come soon. We will see if $17 can hold short term correction. The price support is now likely higher then previous resistance.

JamesRennie

The purple trend line has been broken from my previous posts. This is a significant change from the last post. Looking for support at $8500 and the sideways trend to potentially be prolonged. If $8500 is broken look for a test of $7000 level. A break above the upper trend line will still signal start of a bull run like to test previous all time high.

JamesRennie

The numbers seem to indicator we are now at 17% inflation of M2 this year. It's just getting faster. It's likely May ends at 20%. If you don't understand why markets don't reflect this please read my post Can't feel inflation yet I linked it at the bottom. At this rate by next September M2 inflation would be equal from start of 2020 till 2021 September and...

JamesRennie

Looking at this chart I see a price range between $53 and $50. Watching moving average to act as resistance. $50 being a physiological support. Scotch RSI looks to be going up so rejection at $53 is very possible in the near feature. If price breaks $53 we could see a test of $60. It seems that currently probability slightly favors bears though its not like...

JamesRennie

Support is the 21 daily moving average it TSLA breaks below that look for it to drop down. Technically it's still bullish because of that. The other indicators are not really clear I think they are currently more neutral.

JamesRennie

On the weekly chart i'd like to see ETHBTC staying above the 21 weekly and then bouncing off the 21 weekly. On the daily chart look for a break out of this wedge. So far looking at this lasting possibly as long as September.

JamesRennie

Made adjustment to the upper trend line since my last post. Lowered it slightly ignoring part of a wick last June in the trend. The lower trend line got shortened as a result not really affecting the price levels just the length of time before the end of the wedge. It appears the wedge now goes to 1 month from now rather then till first week of July. Zooming...

JamesRennie

Looking for prices to move up in channel. Stoch RSI reversal. Earnings next week.