For anyone who is unsure what is going on with AMC, I created this chart to help people better get a grasp on it. AMC is currently in the phase following a Death Cross [50 Day MA crosses below 200 Day MA) and where Volume has depleted. So it is currently dead in the waters. Until Volume starts picking up and we get a Golden Cross , there's not much to see here....
Potential Breakout ahead for TLM. Still in the Value range for entries and currently at a Pivot LOW Value area.
Bitcoin . BULLISH. It's been trending up and now that it has reached the 50% Fib Retracement Level, we may see it lose some steam and pull back and test the Pivot Low Area at the bottom trend line (44,600 - 43,400). So far it has been holding at that bottom trend line. If it holds, it should turn back up from there. That is a value area to look for a possible...
HBAR is on the way up. Looks like we still have a few areas of value to enter if it comes back to our trend line. Will watch and see.
Dogecoin looks like it's back. Here are some value entry areas and good targets based on what I'm seeing on the charts.
LCID currently in a good value area. Always do your own DD on the fundamentals first.
I mainly focus on technicals. If the fundamentals look good to you and you are in on IEA, this is a prime time to pick up some shares in my opinion. Bottom of the trend channel, volume picking up and momentum up. I also charted some key areas to take profits for swing trading.
Bitcoin held all the key Support levels that it needed to hold at. It has also broken the Resistances that it needed to break. The volume that depleted is finally coming back. This looks like the beginning of the next BULL run for Bitcoin and the rest of Crypto.
We've had a very nice push up recently. However, this is the first level to test. If we can convincingly break above this resistance, it may be the beginning of another BULL run. If we struggle here and stay inside this range or even worse, go lower, then we will have a much LONGER summer than expected in Bitcoin and the rest of Crypto. Will be watching to see how...
Here's my analysis on GME. It's been weakening for a month and we just got a death cross. Not a good look. Headed down for the foreseeable future. Must hold at Support #1. If it can hold, that's a good sign. If it breaks below that, it's gonna be a LONG summer. If you're still holding at that point, I'd probably just HODL and move on to other stocks and wait until...
Nasdaq rose a bit higher to the 15000 level and showed weakness. Nice looking RSI Divergence at the new ATH. This may possibly be the correction down starting today.
BTC - MAJOR Decision Area. After being sold off massively in April, BTC started to form a Head & Shoulders pattern into late June. BTC has not shown a lot of strength since the sell off. It must hold above Support at 29160. This is KEY! If it breaks below 29160, there could be a massive drop down towards the Strong Support at 19,600 and even back down...
Nasdaq has been running up very strong recently. We are getting a Double Top look at the new ATH. Possible correction this week.
AMC showed weakness at the ATH, so we may be getting a correction here. If so, we just need to see when it is done correcting and establishes a floor. If it stays above $40 AND establishes a floor here, that's a great sign. However, if it falls below $40, we are looking for it to establish a floor at the next two levels. If it breaks below that and goes to the...
Technical analysis on SP500
Although AMC has been consolidating that past week and this week, it is still looking bullish on the upper portion of this value Buy area. It's floor keeps getting higher. Currently, it's sitting right on the 200 Day Moving Average. It will be interesting to see if it breaks below it or makes a move UP from here.
AMC looking bullish after forming an Ascending Triangle today. Sitting on top of the key buy area in the red box. Also rising from the bottom of the trend channel. Looks like it's primed for another push up once it breaks out of this ascending triangle.