I anticipate that USDT dominance will stay relatively strong, with price action likely remaining in the upper part of the wedge for most of September, a month that could be quite volatile. I expect a breakout from the wedge in October, indicating a decrease in USDT dominance and a rally for strong crypto assets. Given the potential volatility in September, having...
Bitcoin's recent price movement has shown a strong surge without significant pullbacks. The $32,000 price range is a reasonable entry point if a significant pullback occurs. Positive catalysts, like the implementation of an EFT and Bitcoin Halving in April, are priced in. This doesn't mean that a bull trend won't occur, but it makes sense for the price of BTC to...
$SMAR is soaring from higher than expected earnings numbers. $SMAR is benefitting from the increased demand for their products due to COVID. $SMAR products are beneficial for remote employees. With the introduction of vaccine news, we could see a strong pull back to a preferable buy zone ($59) that aligns with the 61.8 Fibonacci level and initial resistance.
Costco's November sales totals are impressive, despite falling short of Wall Street's expectation. Investors should remain confidently bullish. December numbers should exceed expectations with the Holiday season here. The value area is within the $360-$370 (good entry long) that's around established support.
Uncertainties regarding the future impact of COVID have not faded despite positive vaccine news. More Americans are exercising from home and buying Peloton products. Peloton is still a solid buy, especially as we head towards the holiday season. It's a buy but with consideration of technical factors. There's strong support around the $92-$94 area. This area gives...
Speculation and recent news have influenced the stock’s price movement in the short term.
”The US House of Representatives will vote on bipartisan legislation that would impose restrictions on Chinese companies listed on US exchanges and requires certification that they’re not under control of a foreign government.”
BABA is still considered undervalued. It...
