Fast Drop incoming
I am going to present some fundamental factors updates to understand my bearish ideas.
Updates:
USD looking bullish yet again!
UK true inflation reports to be higher than expected inflation. General worries about Uk Inflation to jump to 18%
www.bbc.co.uk
Further war escalation:
- Russia urging public to fight
- NATO expansion
- US & Taiwan conflicts
For Alt traders:
Breaktout
HOT/USDT Very active and only looking upwardsHOT is currently very actively implementing new updates and reporting new integrations.
I consider this to be a bullish sign which makes us look upwards.
Currently we are close to a rising supportline (violet).
Enjoy the ride and don't be too greedy.
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Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Green lines are tested support lines.
Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
Cyan line is for volume trendline.
Purple lines are trendlines we take a look at.
Yellow lines are for visual help only.
$SWCH forming 3 month #rectangle #chartPatternNYSE:SWCH been trading in a tight rectangle formation with the price bouncing between $17 and $19. Earnings set in 2 days could be the catalyst for the stock to finally breakout starting the next leg up in the stock. Add it to your watch list and watch for a daily close above rectangle upper boundary for a long entry.
REQ Bullflag DetectedThe previous time we hit an all time high we had a very similar regression trend and bullish flag form, noted here: i.imgur.com
Set your sells between 7400 and 7800 satoshis in a range for optimal profit from the next surge.
Important note: If this doesn't happen in the next 6 hours it was a false flag.