BBIG still holding vs technical trendsI know there's a lot of chatter about BBIG right now, which isn't necessarily a bad thing but it's something to be aware of as it can be one of the outliers right now. I mean that it is something that isn't normally a consistent factor of the BBIG market. Regardless, technicals are still doing their thing. The 618 remains the fib level of resistance and the 50DMA has upheld as a support level (so far). Volume hasn't completely died either. It's still on pace with the last few weeks of June and first week of July. It did, however, break below that previously established uptrend line put in with higher loss between mid-May and late-June. In any case, technicals to continue watching at the basic level: 618 Fib and 50DMA.
"Vinco recently announced the spin-off of its Emmersive Entertainment platform into its own publicly traded entity. With a similar goal of changing the media world for good, this could be an interesting proposition for investors to consider. So, while the aforementioned merger is not yet completed, investors are waiting for it to be finalized. In the meantime, BBIG stock could be worth giving a first or second look."
Quote Source: 8 Top Tech Penny Stocks to Watch in July 2021
Egaming
UOS at convergence of multiple upward trendsUOSUSD pair shows a convergence of various high time frame up upward trends, including following an early stage parabolic move. UOS has held remarkably well during altcoins bloodbath with price dropping from 20 cents to 13 cents (-35%) and already back to 15.5 cents (-23%) compared to many altcoins selling off at 55-80% and barely any recoveries. Moreover, downward selling pressure has been very low volume, indicating that bots or algorithms holding small amounts of UOS were dumping and market participants quickly and aggressively buying dips. Altogether TA indicates a convergence of multiple upward trends and Fib extension is pointing to 40-44c range as the potential target for UOS within the next few weeks.
A more pessimistic scenario, marked in red indicates stagnation and downward ranging. However, breaking above 16.5 cents invalidates the pessmistic scenario already.
Medium term TP goal 40-44c
FA and roadmap for Q4 coupled with these technicals creates a powerful catalyst for positive price action.
