Could this be another fake-out rally? I guess it could be and anything is possible! But after a > 50% correction fake our rallies are less and less likely. LETS GOOOOOO!!!!!
New York just legalized sports betting and NASDAQ:DKNG (DraftKings) is already breaking records in the empire state. Confluence: Divergence between RSI and Price action; Entry: Sub $20 is an ideal entry but the price won't stay that low for long Target: All-time highs by end of 2022
$37,700 offers strong support for BTC. Conflunce: 78.6% retracement + previous support area
KUCOIN:HEROUSDT is a premier metaverse project that has the potential to catch up to the leaders in this space. IDEA: $HERO put in an impressive 30-day run before having to take a refuel break and it looks like that break is just about done and $HERO wants to start running again. Confluence: 1) Wave 4 pullback to the golden zone and a nice bounce off the...
DWAC is in the final stages of a textbook cup & handle formation. Expect a big move in the next couple of weeks. Confluence Trading above the 50day & 7day EMA. Entry MACD Cross Target The Moon
Early stages of an ascending triangle formation In 75% of cases, an ascending triangle is a continuation pattern. Confluence 1) Fresh MACD cross below the zero line 2) Bullish MACD histogram with price divergence 3) We are above the 200 day EMA & the 200 day EMA is ascending 4) Price is above the 8-day EMA Entry Everyone should already have ETH in...
These geometric lines need to hold in order to avoid more short-term selling. So far we have put in a higher low but we need to establish a higher high before bullish price action continues. Resistance lines are clearly delineated. The ball is in your court ETH! Btw... I am still bullish on the longer time frames.
MARA put a 5 wave move from September to November then completed an ABC correction that spanned 38 days and is now ready for the next leg up. Confluence - Sitting on a 4x proven support line - Doji signaling reversal - RSI = oversold Entry - RIght now or upon the upward cross of the 8-day EMA Target - $52.29 in 32 days - All-time highs by June 2022
We have completed wave 4 and are ready for an explosive wave 5 up. ETH will imminently head towards 5800 and will get there by Q1 2022.
$AEI 8 doji days in a row. Extremely tight price action. This consolidation is going to come to a resolution soon and it will blast off in an explosive way. Price is currently sitting on an insane volume shelf. My stop loss is at $9 price targets are 1. $15 2. $20 3. $30 Safe Trading Everyone.
Looking for a short-term bounce on TSLA. *Historically when TSLA gets this oversold we experience a bounce in the price action.* *Hammer Doji on the daily is hinting at a possible reversal in price action in the coming week.* Looking for a bounce to $750 this week. Good luck traders.
Look for the following signs that will signal a bullish reversal. 1) 7 day EMA cross over 50 day EMA 2) Uptrend in RSI 3) Stochastics crossover 4) Any Doji formation at the 100 day EMA 5) MACD Crossover PS: Potential Inverse Head & Shoulder Forming (A BULLISH CHART PATTERN)
The 50-day-EMA is acting as much-needed support. 50-EMA is giving SNDL enough time to catch up to the Ichimoku cloud for a potential blast off into the rocket ship territories. With the recent price gap in the chart now fully filled we can look ahead towards meeting the Ichimoku cloud at some point during Friday's trading day. The short term price target is at...
This descending wedge pattern can lead to a bullish breakout in the following weeks. This idea makes a lot of sense given the recent price action. Short Term Bear Mid Term Bull Long Term Bull
Powerful resistance is stifling AAPL's progress. AAPL broke below our support zone and found support at the $130 level although we can go as low as $126. RSI is oversold right now so we should get a bounce back in the next few trading days but the bear case is still in place until we breakthrough that descending resistance line. Short Term Bear Long Term Bull
GOEV is gearing up for a big move. If we can cross the 17.08 level established by our volume profile we can see a very fast and decisive move to the midline of our pitchfork.
If PLTR is above $30 I am seeing a move to $55 in the next few weeks. If PLTR falls below $30 we can see $24 next.
So much confluence in the AAPL chart right now. If AAPL can clear $135 we will see an explosive move soon.