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LLY, LILLY IS THIS STOCK PRICE SILLY?I hope you appreciated my rhyme. So what to say about this. One main trend line at the moment. Big support incoming at 580 to 560 range. Really big support at 108. The lines in the middle (light green and red) are fairly weak and more likely short term targets. I assume the long term targets will line up well with the gaps which are marked in orange. Orange also on RSI, which is saying be careful. Short term can take it up to 980 or so but I think the lower targets are more likely and we'll see the higher targets after trend breaks and before it starts to really drop. However, there are a lot of possibilities that can occur. The main possibility looks to be a chance of a move to 980, but more likely won't get there and might stick around 780. I really have a hard time saying what this will do and when it will top out, I could tell you more if I watched this daily, but I don't. This chart is long term price targets for the downside and the upside. Given the single trend, you'll need a new chart as more develop, feel free to message if I haven't updated after some time. I think that covers most everything. Summary. I think this stock is overvalued big time, but still has potential to keep seeing more upside in the short and mid term.
NYSE:LLY
by nicktussing77
PEPE- Can the Meme Frog Pump again? 🐸You never know with Meme tokens but you can know the chart: 🐸We could see a breakout from the existing structure 🐸 support is valid 🐸0.000001424 and over it we are 'allowed' to go Long I am not going into the fundamentals, instead here are 10 facts about frogs: 🐸Frogs have to close their eyes to swallow. ... 🐸A frog's eyes are sometimes in its mouth. ... 🐸Frogs don't have rib cages. ... 🐸Most frogs can jump 20 times their body length. ... 🐸Frogs breathe through their skin. ... 🐸Some frogs change color. ... 🐸Frogs live on every continent except Antarctica. ... 🐸Many frog species are critically endangered. 🐸Frogs are mostly Green... Disclaimer: 🐸Frogs like to eat mosquitos. You better not be investing your house or your cow on such trades...think mosquito in these cases. ---Keep in mind that frogs just like meme tokens are Amphibians. They can go underwater together with your money with the same ease they can jump x20 their height. Remember to use the chart. One Love, The FXPROFESSOR
Long
by FX_Professor
6
A Deep Dive into Pepecoin: The Rise, Resilience, and RisksPepecoin: A Frog on a Meteoric Rise In the whimsical world of cryptocurrencies, where value and virality often go hand in hand, Pepecoin (PEPE) is the latest sensation. Emerging as the fastest-growing ERC-20 token in the market's history, this meme coin has been garnering significant attention. PEPE, inspired by the mainstream meme "Pepe The Frog," has catapulted to a nearly $1 billion market cap in just a few weeks after its launch. However, the rollercoaster ride of the meme coin market could mean this frog has some big leaps – and potential falls – ahead. Surfing the Meme Wave Since its inception, Pepecoin has successfully ridden the wave of social media hype, not unlike its predecessors, Dogecoin (DOGE) and Shiba Inu (SHIB). A well-coordinated meme campaign, celebrity endorsements, and the popular trend of meme coins have been the wind beneath PEPE's wings, attracting over 105,000 holders within a month. However, this surge in popularity does not come without its share of risks. Like DOGE, PEPE lacks a practical application for the average person, leaving it highly susceptible to fluctuations in sentiment. It's akin to surfing without a lifejacket; the ride is thrilling, but the potential for a wipeout is always there. Betting Against the Frog Concerns around the number of crypto whales, or entities holding large amounts of PEPE, have led to an increase in short interest among futures traders. This bearish outlook, coupled with the dominance of short positions in the derivatives market, forecasted a potential drop in PEPE's value. However, in a surprising twist, PEPE's value experienced an 80% bump in just 24 hours, leading to significant losses for short sellers. This sudden surge in value resulted in PEPE futures liquidations ranking third only to Bitcoin and Ethereum, indicating high speculative trading and potentially signaling a local top. Technical Analysis: The Frog’s Leaps and Bounds Despite the hype and hoopla, the technical indicators provide a more grounded perspective. The current PEPE/USDT price hovers around 0.00000183, with a minor drop of 2.14% in the past 24 hours. The Relative Strength Index (RSI), sitting at 50, suggests a balanced market condition. The key Fibonacci levels to watch are the 0.5 level at 0.00000185, the 1 level at 0.00000208, and the 1.618 level at 0.00000231. These retracement levels could act as potential resistance points in an upward move or support in a downward trend. The Bollinger Bands suggest a fairly tight price range, with the upper band at 0.00000194, the middle band at 0.00000185, and the lower band at 0.00000177. A move toward the upper band could indicate a bullish trend, while a drop toward the lower band might suggest bearish momentum. The Frog’s Forecast While PEPE's current performance defies the odds, the market's fickle nature may bring some turbulence. If PEPE follows a similar path to DOGE's 2021 trajectory, we could see a further dip towards $0.00000083 or a potential 90% crash from the market top to $0.00000035. That said, PEPE's quick rise and resilience against bearish bets showcase the unpredictability and potential of meme coins. The story of PEPE underlines the importance of comprehensive analysis, combining technical indicators with market sentiment and fundamentals. As always, while the allure of meme coins like PEPE can be tempting, especially given their capacity for rapid growth, they also carry significant risks. The absence of a clear use case, reliance on social media trends, and susceptibility to large holders' actions can lead to extreme price volatility. Consider PEPE's narrative as a cautionary tale, illustrating the potential for both immense gain and substantial loss in the meme coin market. It's essential to approach these coins with a well-balanced strategy, factoring in both the risks and rewards. As the crypto world continues to evolve and surprise us, the story of Pepecoin serves as a reminder that amidst the hype and hysteria, thorough research and informed decision-making are more important than ever. Whether you're a seasoned trader or a newcomer, understanding the market's dynamics, staying updated with news, and regularly reviewing technical analysis can be your compass in the often turbulent waters of cryptocurrency trading. To sum it up, PEPE's journey so far has been nothing short of a thrill ride. It's a testament to the power of memes and social trends in shaping the crypto market. It's a story of resilience in the face of skepticism and the potential for exponential growth. But, like every rollercoaster, the exhilarating highs can be followed by dizzying drops. So, buckle up, keep your eyes open, and tread wisely as you navigate the exciting world of meme coins like PEPE. Now let's dive into the technical analysis of the PEPE: Pepecoin's current price of 0.00000183 is nestled comfortably between some key Fibonacci levels. The 0.5 Fibonacci level at 0.00000185, which is also in line with the middle Bollinger band, acts as the immediate resistance. On the downside, we have the 0 Fibonacci level at 0.00000171, offering the first line of support. This level also coincides with the 24h low and the Hourly EMA 50, making it a critical support zone. The Bollinger Bands, often a trader's best friend when assessing volatility and potential price reversals, currently have their upper band at 0.00000194 and the lower band at 0.00000177. These levels, along with the middle band at 0.00000185, offer further insights into potential price action. If the price starts to trend toward the upper band, we could be looking at increased buying pressure, especially if the band begins to widen, which would signal increased volatility. On the flip side, if the price trends toward the lower band, it could indicate increased selling pressure. On the MACD, a generally positive indication at 0.00000001 suggests some bullish momentum, although it's relatively neutral. The RSI, standing at 50, also shows a balanced market with equal buying and selling pressure. This, along with the Stochastic Oscillators at 38, suggests that the market isn't overbought or oversold just yet. The Volume Oscillator at 5% indicates a slight increase in volume but nothing significant to cause alarm. However, keep an eye on this - rising volumes can often precede significant price movements. The On-Balance Volume (OBV) at 26T also indicates that there is a substantial volume of coins being traded, which could lead to increased volatility. The 24h high of 0.00000196 forms a short-term resistance level. If the price breaks this level, it could possibly continue its upward momentum to the 1 Fibonacci level at 0.00000208 and potentially even the 1.618 Fibonacci level at 0.00000231. In summary, key support and resistance levels to watch are: - Support levels: 0.00000171 (critical support, 0 Fibonacci level, 24h low, and Hourly EMA 50) and 0.00000177 (Lower Bollinger Band). - Resistance levels: 0.00000185 (0.5 Fibonacci level, middle Bollinger Band), 0.00000194 (Upper Bollinger Band), 0.00000196 (24h high), 0.00000208 (1 Fibonacci level), and 0.00000231 (1.618 Fibonacci level).
by ShawnMCR
8
CHAINLINK Cup and Handle formationNot sure which cup and handle to take because i am not picasso. But u may agree on what I see Target 1: $22.50 Targer 2: $25.00 However you like to draw it, we have confirmations now of a cup and handle formation on the longer time scale. CUP AND HANDLE RULES: The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and complete over 1-4 weeks. After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle is the consolidation before breakout and can retrace up to 1/3 of the cup's advance, but usually not more. (Caution: WE DID WICK MORE) Not your financial advisor, Like would be appriciated so I will post more ideas.
COINBASE:LINKUSDLong
by Osmy