Happy 2024 dragon year! This is the year of China, when they will most certainly reclaim their world stage position- aka take Taiwan back. I predict that when military action will begin NVIDIA stocks will fall.
Emerging from the falling wedge. Testing support and getting ready for a pump!
BTC formed the rising wedge pattern right underneath strong resistance. All indicators show overbought and bear flag. We can expect strong price correction.
Its very possible for Mana to break this descending channel. However, I don’t like the bearish looking divergence right now and the possibility for ABC correction…need to wait and see before jumping either on long or short.
If you look at the recent accumulation phase, you can see that we are now in Phase D. Today we had the “test”, where we seen a sudden dump followed by fast pump. This should signal that we are ready to move up. The Elliott Wave was followed almost perfectly. Towards point A there was 1,3,5 impulse and at the time of writing this we completed ABC correction. If all...
Great opportunity to enter this trade for the falling wedge.
VET could be forming a falling wedge. This means a great opportunity to buy at low price before the wedge bursts upwards.
At the time of writing: We are less likely to have a push upward. Its not within the main trend line (shown in green). We are more likely to dump down.. There are several support lines( 45200, 44550 and 43000). Each time we don't bounce off them upwards and fall under, then we are less likely to get back to our green outbreak target. Furthermore, bursting out...