AITX
Artificial Intelligence Tech (USA: $AITX) On Breakout Watch! 🤖Artificial Intelligence Technology Solutions Inc. focuses on the delivery of artificial intelligence and robotic solutions for operational, security, and monitoring needs. It also develops front-end and back-end software solutions. The company was formerly known as On The Move Systems Corp. and changed its name to Artificial Intelligence Technology Solutions Inc. in August 2018. Artificial Intelligence Technology Solutions Inc. was founded in 2016 is based in Ferndale, Michigan.
OVERBOARD? Or just PREPARED?Super rough draft of AITX. Just my thoughts rough handing it. Im going to do a dive, use all the tools and try to find all the trends plausible. Its always that one hidden trend you dont see that can make the difference. These market makers, institutions and whales already have the benefit of money, the minimum one can do is limit there element of surprise, prepare for the worst and ride the wave. From only a year trading 6 months I quickly learned how important the charts are. All the lick of news dosent change a thing if you ask me it seems like the charts the charts predict the news. Call me crazy but I swear charts will show something on the brink of making a move. Take bitcoin for a example. It was so over bought right around 58-60k the mac is telling me its coming down and all of a sudden all the corruption kicks in wether it be the hash rate power, whether it be the tax bill being blasted on every outlet when having no real meaning at the time as we can see now. The contract options expiring, the statement that some exchanges are going to be served felony charges. All these played a part in the first price fall that was forseen by many and exaggerated on both sides with something to gain. So i ask this, are these algorithms left behind from mankinds most brilliant as tools for prediction. Are tyey actually predicting the events to come in a little way. And if so as we progress and technology progress will we be able to predict the future kinda like a minority report. Maybe im just to stoned and its something as simple as the corruption already being baked into a the data seeing that the data is no really affecting it. Check back at the charts when we had the corona flash crash on the market itself. If you zoom out you can clearly see that that dip was going to happen just as it had before. It ts just the other time that it wasn’t corona or the time before that. All the mirco dips that line up on the crashes. Id like to believe there is something goin on that cant yet be explained but im sure someone got a simple answer. I was just telling my friend a joke that all fortune tellers just now how to read charts lol. They just check the usd index matched whatever currency is the hot topic, dominant or in a struggle and the charts will sing to a them. I low key want to write a volume based on currency wars. Following nations currency's paired to one another such as USD/CYN or USD/GBP or whatever, its endless. From there i want to get the life data of the pairs and have the charts tell the stories. What made the chart move the way it did, not what would have happend if those events did not happen. For instance checking USD/CYN you can clearly see CYN setting on a critical support level some might say economic crushing if broke. Right up untill covid hit getting the bounce they needed to save the economy. Not saying this happened, but like i was saying earlier ether the manipulation is already baked in or there is something beyond what we conceive. And I think if its not something beyond or control, such as what I call the Trend. Then the chart was manipulated. Because following the trend up untill corona hit eveything said the CYN matched to the USD was about to dramatically collapse. Which would have been horrible world round. People say American first ya I understand but if a whole country goes under that the rest of the world get 90% of there crap from we could have seen a situation like the housing market crash of the 2008 where the debt of another collapses all of it. Like the that but the on a world wide scale. I dont know just my stupid conspiracy.
$AITX - Crazy Upside With Weak Resistance of The Daily ChartsI'm seeing wide open upside on $AITX as bullish stair stepping candles on the daily chart look like a nice setup for big move up. With little resistance on the daily charts we could see as much as 319% upside! The psychological price point of 0.50 will likely fight back pretty hard with some profit taking and would be a good spot for the faint of heart to reduce exposure and still lock in over 100% gains. That said if we push through that psychological barrier of 0.50 we are going to run up to 1.00 pretty quick, there isn't much in the way of resistance for that move. It may not be a white knuckle ride though if it plays out over the next 6 months but looks like a great opportunity. I'm diving in!
AITX ready for next run upWhole market was bleeding the first day of the new year and AITX closed the day 17% down. I believe this was mostly because of all overdue profit realizations since people waited for new tax year to cash out some of their profits.
If you have been trading AITX you know that 17% is not really a loss for this stock. We hit the bottom of our rising channel and managed to keep the price around 0.03 level.
Considering the increasing interest on AITX and the news that's expected this month, along with no fear of R/S or dilution we will test the first resistance at 0.043-0.045 level and then head up towards 0.072 and eventually 0.1
AITX leaving Oversold area for a higher rangeSince the dilution ended this robotics company is ready to see the sunny meadows.
After a 700% increase in 1 week it took a little breather and dropped down to oversold area.
With new sales agreements in the pipeline investor anticipation is starting to load up in this area.
In the short run 0.0054-0.0059 is the resistance area that will hold it down until the news come out.
If it touches this area it will come back to the new support at 0.0036 and continue consolidating above this for the next run up.
It's highly possible to make serious $$$ during this zigzag.
In the long run AITX will be breaking above $0.01 most likely in the first months of 2021.