Mattyx227

Mattyx227

Nasdaq-weight QQQ has bounced nearly 23% from its bottom back in mid-June, and we are at a critical resistance with the multi-month trendline and the resistance area indicated in the red box. I see a retracement in the near future back to the confluence support of 20/50EMA, possibly retesting the mid-June low. Summary: - Short-term bear bias - Trend line...

Mattyx227

$IWM the small-cap index ETF, which broke down its 1 year-long distribution area, is looking like the second weakest index in terms of structure (still hasn't made past the fib 0.382 level which indicates weakness) - With 2 weekly rejection candles, the index is looking like it will inevitably test the bottom of the trading range, there's around a 4% downside...

Mattyx227 Updated 

Hi everybody, Vechain/USDT is sitting on a confluence of supports with the ascending trend line on the upside and a retest of broken through long term trend line just below that. Plus multiple MAs forming a bullish structure. Buy 1.2 area, short term would set 1.1 stop loss. Take profit areas: 1.6 / 2.5 However, personally I’m holding vechain long term...

Mattyx227

Hello everyone, AMD has been an outperformer since it tested the 73 support multiple time earlier this year. It broke out of a 6 months long downtrend line in 2020 November and is currently backtesting it (thick yellow line). This may indicate the strong hyper momentum semiconductor stock is ready for another powerful rally. Disclaimer: I personally hold AMD...

Mattyx227 Updated 

Hello everyone, NIO has broken out of its short-term downtrend line on June 1st with good sales and China news. This breakout is impulsive and accompanied by volume which is usually a bullish signal. However, selling pressure remains strong on the hyper-growth stock. I am expecting a test of 43-44.5 resistance in the short term if the resistance is broken...

Mattyx227 Updated 

Vetchain has remained very bullish since the last rally. It is bouncing off resistance at 0.265 and the ascending triangle support which is typically a bullish pattern determined by breaking of the top horizontal resistance line which could trigger a rally once again. Pros: - The structure remains very strong despite bitcoin correction, validates an ascending...

Mattyx227 Updated 

Theta coin has made an impulsive move to the upside and broke out of its 24 days long consolidation between 11 and 13.5, and it's currently retesting the breakout as new support. This is healthy price action and provides us with an objective entry anticipating more upside. It is also supported by a few indicators. Pros: - Broke out of consolidation box between 11...

Mattyx227 Updated 

Bitcoin Cash - One of the oldest coins in the market, tested with time. It has recently broken out of a recent high, made higher lows, and validated a double bottom pattern. Pros: - It is extremely far away from ATH which sits around at 4k, with the current price that's a 500% move. - Formed a higher high and multiple lower lows. - Just broke out of the...

Mattyx227 Updated 

Opendoor Technologies Inc, one of ARKW's holding, had a false breakdown yesterday(4/12) and it seems to be wanting to retest some resistances. Pros: - RSI Bullish divergence on the 4hr chart. - Seems to have found support with 5 EMA - Price is close to the bottom of the BB, making it a good R/R trade Cons: - Volume has been decreasing, 4/12 breakout had a...

Mattyx227

The Nasdaq 100 has been showing weakness compared to the broad market. We've seen that DJI and NDX almost going on opposite direction each day. When NDX goes up, DJI falls, and vice versa. Mar 11 NDX broke through the downtrend line and it's struggling to get back on a bull trend. Myself, am still bullish on the tech sector, a break like we're experiencing is...