MrGekkoWallSt

MrGekkoWallSt Updated 

In my previous analysis released on August 1st, I was quite efficient in identifying the resistance of the uptrend channel (in red) and calling for an ABC correction in the seasonality for August and September. After reaching my target, I expect the index to begin a trend reversal soon with the goal of reaching an all-time high by December 2023. I did not...

MrGekkoWallSt Updated 

I have nothing in favor of this cryptocurrency. However, it is one of those that achieved better performance in the initial phase of the artificial intelligence hype. The peak of wave 3 was easy to identify during that period; optimism was very high, and a correction could easily start from there. In addition to the technical settings that were quite favorable...

MrGekkoWallSt Updated 

The consolidation around the support is finally forming a technical pattern and may be signaling a breakout soon.

MrGekkoWallSt Updated 

The asset is operating within a long-term uptrend channel. The medium-term setup appears to be an inverted H&S (Head and Shoulders) pattern. Currently, consolidation is taking place, and soon we might be witnessing a breakout, potentially aiming to retest the top of the uptrend channel. Thank you!

MrGekkoWallSt

In the lead-up to a hypothetical bull market, could one of the most well-known meme coins rise from the ashes? This would be my top target if I were to place a bet on this highly speculative asset.

MrGekkoWallSt

In the long term, if wave 3 were to repeat only the amplitude of wave 1, it would be sufficient for Chainlink to surpass $1,000.00 dollars. However, in theory, wave 3 is the impulsive wave with the greater amplitude. In other words, the performance would have to be even greater than the previous impulsive wave. Do you believe that the most important decentralized...

MrGekkoWallSt Updated 

The index is trapped in an accumulation triangle. In the short term, I am bearish, believing that August and September will maintain the seasonality of poor returns. It seems quite clear to me that after being rejected at the top of the triangle, profits are being distributed. Bulls are waiting for a touch at the base of the structure to position themselves...

MrGekkoWallSt Updated 

Historically, the months of August and September are not the most favorable for stocks. Seasonality has been working almost perfectly since October 2022; I don't believe it will be different now. From the top of the channel to the bottom would represent an approximate loss of 6%. A healthy move for the continuation of the trend in larger time frames.

MrGekkoWallSt

I believe the index may be in a weekly ABC correction, with a target approximately in the green circle region. On the monthly chart, the August month-end close below a significant 50-year level appears to reflect the weakness of the dollar. Pay attention to the upward and downward channels that are in play. Thanks!

MrGekkoWallSt

(REPOSTED) - I made the same post on 24/07, but now it's blocked by Tradingview. After a reaccumulation period of approximately 820 days, similar to the previous highlighted period, XRP/USD gave a breakout signal. Coincidentally or not, we had a catalyst aligned for this to happen (XRP is not a security). Historically, this asset moves massively on two...

MrGekkoWallSt

Some facts: COIN's IPO coincided with the actual peak of Bitcoin in April 2021; Since then, a bear market began for both assets; COIN corrected more than 90% in 5 waves; BTC underwent an IRREGULAR EXPANDED FLAT correction. Example: You can observe the context of Netflix's IPO in the early 2000s and compare it with COIN's current situation. Thank you!

MrGekkoWallSt

Here's an idea for the long-term configuration of this asset. Cup and handle pattern on the weekly chart. Halving occurred on the day of the post. Could this be the resurgence of the silver cryptocurrency?

MrGekkoWallSt

Short-term accumulation view