3d
COIN : STUCKCOIN is still stuck in the downward channel that it's been in for awhile now
(atleast, from this perspective).
It shifted upwards a bit yesterday, and is currently lodged underneath the 0.50 fib.
The 0.50 fib appears to be COIN's heaviest resistance within the channel
(and although COIN did break through the 0.50 fib temporarily twice before,
it was rejected at the 0.618 fib just above).
The 0.50 fib also hasn't offered much in terms of support when retested...
it appears that most of the support is coming from the 0.382 and 0.236 fib levels.
As with everyone else (I suppose) who might be considering COIN,
I'm still keeping an eye out for some significant upward price action,
or atleast something that resembles a price base.
I discovered a fascinating horizontal at $291.11,
but I'd obviously still need more before confirming anything.
Who knows, it could be weeks before it stops dropping...
or one day soon it could just start rolling uphill,
while I'm still looking for a bottom, never to come back.
No matter... for now, I'm still learning and having fun charting COIN.
And my outlook on COIN is still long long-term.
Enjoy!
// Durbtrade
SPX - Lessons of 2019 - in 3DWith the markets focused on rates the 2019 December Miracle demonstrates how powerful this force can be in the markets. Currently, SPX has set an 8 Hour Higher Low as The Russell, Energy and Financials have take a turn during the rotation/catch-up trade. All eyes on 4000 and the reaction there if the Higher Low holds and SPX trends bull.
The Mountains Win Again - SPX in 3Dwhere is Blues Traveler when you need them? Hopefully rifting up a harmonic(a) storm. Will the yield maelstrom end? Will the dollar continue to rally? The NAS drop in the afterhours after a climb of 100 point directly linked to the rally in the 10 year today has bounce potential. The challenge is, every once in a while, there is a day with no bounce. Hold on: April flower are right around the corner; and we shall say goodbye and so long to roaring March.
Total Eclipse of the Heart4th diamond top a charm. chop. SPX is bull flagging with support on it's 2 Hour 50 SMA. Holding this in the overnight will provide some assurance for plays to upside. The 2 hour pattern of Lower Low, Lower Highs persists with a double bottom tweezers outside the 2nd DEV LBB as deep support.
DDD 3D Systems Inc Upside PotentialEvery night, Cathie Wood’s Ark Investment Management sends out an email listing the stocks that were bought or sold by the firm's ETFs that day.
3D Systems Corp (NYSE: DDD): Bought 558,900 shares of the printing engineering company, representing about 0.46% of the ETF. (benzinga.com)
From a technical analysis perspective, DDD 3D Systems retraced at 0.618 Fibonacci level and was also a bit oversold as you can see on that wicks down. Now the stocks is bouncing in the accumulation area. It`s not late to enter in my opinion.
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