$ADA has consolidated roughly 30% since its ATH. It has maintained its levels above the $1.00 range. IOHK's CEO has stated deals and partnerships are coming down the pipeline, and mentioned big announcements regarding the Africa Special, said to onboard 5 million users to Cardano partnering with the Ethiopian country. Could CQ3ardano slide below $1.00. This is...
Cardano after making its peak near the $1.40 level has formed what appears a double bottom pattern currently around $1.06. Persia let bullish on cardano so accumulating more to hodl.
After Mary hard fork, we need native tokens working off this blockchain. After the run to 1.40, we have consolidated. Obviously everything follows the leader. As we continue to follow the trend, we look for the next setup. HODL.
Cardano making upgrades and soon to be fully decentralized come March 1. Looks like a tight double bottom pattern forming one can only hope for the moon. Or at least a decent breakout.
Bitcoin on a 4 hour chart trades nicely with the moving averages. The latest bull run shows this. Volume queue show similar pattern to January and further consolidation may lead to greater buying opportunities. Thick green line is same slope as January and often is the point to which convergence leads to weeks of alpha generation.
The charts show a nice bullish setup. If you aren’t in crypto twitter, you can see this blockchain trending weekly. Double bottom pattern and follows .866 level nicely after prior bull run. Cardano has a fruitful use case but needs the partnerships to prove that it works. Less likely of an ethereum killer, and more likely, going to coexist.
Long term price targets have been for $1.00. If you look on social media, folks pumping this up for it forming a flag pattern. Profits are being taken. A good consolidation is at .45. Looking to buy there.
XRP Appears to be forming a double bottom pattern. As it breaks support. Looking to see if it dips to .45 to make an entry.
NASDAQ:BLFS Looking at BLFS for its length in time forming a cup with handle formation.
NYSE:NGVC NGVC formed a cup formation. Watching to see if this continues its pattern pulls back to form a handle, or breaks out further.
NASDAQ:CMPS CMPS had its largest volume base since it's IPO Sept 18th. Strong confirmations on the UO, %R, and MACD.
NASDAQ:BPMC BMPC 3% above buy level of double bottom pattern. MACD crossed above the signal line. Blueprint Medicines reported -11% earnings growth in the latest quarterly report. Revenue increased 63%.
NASDAQ:AMD Looks like AMD came and met the double bottom pattern. Go long at the previously published AMD buy level.
NYSE:VRT VRT formed a cup with handle formation and has a nice trading pattern. Keep a 5.5% stop loss and looking for a 15% upside. Price targets look at this to be 22 level.
NYSE:CRT CRT has struggled during COVID. EPS and dividend cut 8.2% and EPS decline YoY 21% for the past five years. Generally, avoid companies trying to push a high dividend that is unsustainable. With that said and this swing play. Consider a stop at the current level at 5.5%
NASDAQ:CAMT CAMT formed a double bottom pattern. Going into the week, adding to list, and considering entering position with a 5.5% stop loss. This holding has about 27% institutional sponsorship. Between 21 and 21.50 are conservative estimates for this stock. %R is at oversold levels, and the MACD is approaching the signal line.
NYSE:MEG MEG has formed a cup pattern but is missing it's handle. Historically and from experience there is more chance for a sharper pull back. None the less, being in a buy zone in the 34 level. Profit targets are set at around 40, and will look for affirmative price action in the coming weeks.
NASDAQ:SBCF SBCF formed a cup with handle in recent weeks and has come close to its buy area. We will watch closely for a pull back to the 24 level. With the current setup and resistance levels. The next high was back before COVID, on Jan 3, 2020 of 31.42. 2021 estimates put this up with a 21% increase over sales. Most conservative estimates have this getting to...