thedjhenny

thedjhenny

QQQ has had a rough few weeks, but appears to have found support at the bottom of this channel. Here you can see a very promising reversal from the bottom support with good buy volume. Im expecting QQQ to begin to recover from its recent lows.

thedjhenny

NFLX has broken out of this channel, and I am expecting some bullish momentum. I would start looking for buying opportunities. Keep in mind that earnings is coming up soon, so expect some volatility on that day.

thedjhenny

Peloton is currently hovering around its resistance level. Price could go up or down, but I'm expecting a push upwards due to the strength of the company as well as the inverse head & shoulders that's forming.

thedjhenny

Ether has broken out of its bearish channel evident by the large green candle on June 27th. The price continued to push forward through the resistance at $2000. This is a good sign that $2000 will now act as a support. Over the next few days I will look for buying opportunities if we pull back closer towards that support.

thedjhenny

Docusign is beginning to breakout. Look for some buying opportunities if the breakout holds

thedjhenny

Cloudflare is making big moves in the market right now. A breakout has just occurred. Wait for a pullback to around $95 and there may be a good buying opportunity.

thedjhenny

Elastic has broken out and looks to be an industry leader coming soon. Wait for the retest and a good buying opportunity may present itself around the $140 mark.

thedjhenny

BTC is looking a bit bearish for the next few weeks. The current trend line support was broken, and the next level of support is around $34.5k. With the impending Death Cross coming in a few days, I'm predicting a bearish market for the next few weeks. According to Kraken’s research, the previous instances of death crosses on the daily chart coincided with...

thedjhenny

Bumble is on the verge of completing a bullish channel breakout. If another green candle closes above the upper trend line, then I would expect a push towards $60

thedjhenny

A Head & Shoulders pattern is forming on the 30min chart. I'm expecting similar results as the H&S pattern we saw last month (May 24th-28th). A minor dip to the lower 30's this weekend will be expected.

thedjhenny Updated 

Looking at the Weekly charts, you can see a textbook Elliot Wave beginning to form. Wave 1 was the bull market before COVID. Wave 2 was the COVID crash. Wave 3 was the bull market that took us towards 65k. Wave 4 is what we're experiencing now. My guess (and hope) is that somewhere between $20-30k will be the bottom of our 4th wave. With the impending...

thedjhenny

ATOM needs to touch the upper resistance once more to confirm the bearish channel. From there we will be waiting on a bullish 4hr candle to close above the trend line to trigger a breakout which will make for a great buying opportunity. If ATOM breaks the upper trend line, then we should see a push towards $16. Until then, ATOM continues to be bearish and has...

thedjhenny

We need one more channel confirmation for DOGE, and then we will be waiting for a breakout upwards toward $.45-$.60. For now, DOGE continues to trade bearish, and we will need to h0dl $.30 resistance in order to keep this a possibility, and prevent a drop towards $.20. Stay safe out there.

thedjhenny Updated 

BTC is breaking through this bearish channel and is about to make another push towards 40k in the coming days.

thedjhenny Updated 

TL;DR; Looking for buying opportunities around either 2500 or 2000 depending on if those support levels hold and are able to produce bullish reversals on lower time frames ETH and many other coins have formed a triangular pennant over the last few weeks. ETH has reached the top of the channel and peaked at 2800. Now it appears to be bouncing back downwards. The...

thedjhenny Updated 

I'm predicting a drop to 32k support in the next few days if this head and shoulders pattern completes. There should be some good buying opportunities around that level.