Apple A Buy? Not Yet + Altcoins Bear-Run!
I am seeing many ads on the news section here calling for a "BUY" on the Apple (AAPL) stock...
We say... Not yet.
It is true we have support weekly on EMA100 (blue line) but there is still plenty of room for additional drop.
As it is happening with the Altcoins bear-run... (more below), AAPL very likely has another major drop coming before the bear-run is over.
Additional chart signals
We have a lower high, while prices close below EMA10 trending lower.
(There can be a bounce before lower prices).
Last time we had a similar correction, AAPL found support at the 0.618 Fib. retracement level.
This time around this level is set at 102.73.
When we look at the monthly chart, we can see prices closing below EMA10, aiming at EMA50...
Just like I explained in my BTC Dec. 2021 trade idea...
This means that AAPL can still correct by an additional 25% if all goes good, it can be more.
The market moves in cycles...
Up and down, up and down...
The Up phase has been going forever for Apple, time to go down based on the signals coming from this chart.
Now, let's compare... The Altcoins.
See how they also went through a Bear-Run.
Once the bear run is over, many new opportunities will show up.
Cardano's Bear Run
Solana's Bear Run
Ethereum's Bear Run
Bitcoin's Bear Run
Binance Coin Bear Run
Terra's Bear Run
Polkadot's Bear Run
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
We say... Not yet.
It is true we have support weekly on EMA100 (blue line) but there is still plenty of room for additional drop.
As it is happening with the Altcoins bear-run... (more below), AAPL very likely has another major drop coming before the bear-run is over.
Additional chart signals
We have a lower high, while prices close below EMA10 trending lower.
(There can be a bounce before lower prices).
Last time we had a similar correction, AAPL found support at the 0.618 Fib. retracement level.
This time around this level is set at 102.73.
When we look at the monthly chart, we can see prices closing below EMA10, aiming at EMA50...
Just like I explained in my BTC Dec. 2021 trade idea...
This means that AAPL can still correct by an additional 25% if all goes good, it can be more.
The market moves in cycles...
Up and down, up and down...
The Up phase has been going forever for Apple, time to go down based on the signals coming from this chart.
Now, let's compare... The Altcoins.
See how they also went through a Bear-Run.
Once the bear run is over, many new opportunities will show up.
Cardano's Bear Run
Solana's Bear Run
Ethereum's Bear Run
Bitcoin's Bear Run
Binance Coin Bear Run
Terra's Bear Run
Polkadot's Bear Run
Thank you for reading.
Thanks a lot for your continued support.
Namaste.
🔝 The Greatest Cryptocurrency Analysis on Earth!
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
followalan.com
🔥 6-In-1 ULTIMATE Package Offer Now Live! (The Best In The Market)
lamatrades.com (Since 2017)
🚨 The Best Trade-Numbers In The Universe
alansantanatrades.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.