SOL: D & W Hidden Bullish Divergence and Large Wedge FormationSOL is a very strong project with extremely strong fundamentals (user growth, speed, cost) versus competitors. Despite the recent wormhole hack which wasn't an issue of SOL but an issue with a bridge is making headlines, this only provides an opportunity to buy cheaper than normal imho.
SOL will no doubt fix any congestion issues it had in the past as their lead dev devoted an 8 week campaign to bolster the network and solve any issues. These are top programmers from Qualcomm and you can rest assured these sort of programmers are much better than crypto programmers. SOL allows MUCH easier to use programming languages than other rival coins such as ETH which relies solely on Solidity and feedback from top programmers is that Solidity is not easy to use at all. This impact development significantly as the legacy world still has 98% of programmers and if you want your crypto project to grow in the long-run, it's ideal to have the easier programming languages to onboard those 98% to create apps and develop for the best projects.
Lastly, SOL has an asymmetric advantage as it is backed by one of the brightest minds in the space, Sam Bankman-Fried. Sam's pro-regulator clarity stance will make SOL a crowd favorite to overcome any hurdles in the future.
My price targets for SOL are in the mid $400-$500 by mid-year. It sounds lofty but again, SOL is actually onboarding users and is increasing its re-investment into the network and into R&D. It would only infer a $130B market cap which isn't that high compared to what coins like XRP did in the last bull-run in 2017 when there were 10% of the investor pool. XRP achieved $130B market cap in 2017. SOL is about 100x more useful than XRP so as the large wedge formation suggests, SOL's terminal value is likely multi-thousand dollar range. This of course depends on how quickly SOL's programming team develops top products. With SOL Pay just launching on the market a few days ago that provides a direct conversion into USDC upon paying for goods and services, SOL could be at the beginning of yet another impulse wave higher. SOL Pay is a game changer in terms of adoption, and will only quicken major developers to come into the Solana ecosystem, as more of the legacy guys will want to join networks that are headed by legacy programmers.
Lastly, there is strong Hidden Bullish Divergence on the daily and weekly charts - this is a longer term signal that typically plays out over weeks/months.
If you own a big bag of ETH or DOT, it would be wise to diversify a bit into SOL for your long-term bags here.
Google (Alphabet)
"OK Google, what is patience?"Since the pop on earnings and the split news I have been watching for a good pullback on Google NASDAQ:GOOG . I am operating under the thesis that the pre-split price action will signal a rally as in other past tech stocks. This rally may take a while because the July 15th split date is relatively far out. For the last several days I have been waiting for the price to come to the 2775 level it must hold to remain bullish to retest and break the high.
FAANG Dead? The NEW Tech Stock Leaders!With the disasterous earnings of Netflix NASDAQ:NFLX and Facebook NASDAQ:FB this past month it may be time to call for a new acronym of the still bullish and strong Tech Stock leaders of the market: Micosoft NASDAQ:MSFT - Apple NASDAQ:AAPL - Google NASDAQ:GOOG - Amazon NASDAQ:AMZN
GOOG - Daily Impulse Failure AheadAlphabet stock @ $3,000 provides entry after the 20:1 Spilt @ $150 - Round Numbers
appear to be favored.
The Daily Impulse will fail, although to can move higher this week, the Gaps will be filled.
If we were to own a FANG it would be GOOG and GOOG Only.
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Now is not that entry.
GOOG Alphabet Inc. 20-to-1 Stock SplitRuth Porat, Alphabet CFO: “The reason for the split is it makes our shares more accessible”
Alphabet Inc . 20-to-1 Stock Split on July 15 could lead to Alphabet’s listing on the Dow Jones Industrial Average , the indexs that holds 30 blue-chip companies.
And you all know how appealing were Apple , Tesla and Nvidia for retail investors after the stock splits!
My short term price target is the all time high, $3037.
Looking forward to read your opinion about it!
GOOGLE Stock Split - Big opportunity!Today on earnings NASDAQ:GOOG announced an upcoming 20 to 1 stock split. This is a major news event with a history we can look back on. There are three instances from the last two years (TSLA, AAPL, NVDA) where tech stocks announced splits and then proceeded to FOMO rally. Trade with proper risk controls but look for opportunity NOW in Google!
I talked about this trade last year with Nvidia when that stock did a split. It is the same trade. Check link below:
Alphabet (NASDAQ: $GOOG) Drops Stock Split + Strong Earnings!🤓Alphabet Inc. provides online advertising services in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. The company offers performance and brand advertising services. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, such as ads, Android, Chrome, hardware, Google Maps, Google Play, Search, and YouTube, as well as technical infrastructure and digital content. The Google Cloud segment offers infrastructure and data analytics platforms, collaboration tools, and other services for enterprise customers. The Other Bets segment sells internet and TV services, as well as licensing and research and development services. The company was founded in 1998 and is headquartered in Mountain View, California.
Google forecast for this week!Another 5% decline is highly likely for this week!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Can the Market Rally without Apple?
In doing my homework - I've trying to determine whether this market can rally in the weeks ahead?
With a 3 Trillion dollar market cap you need $APPL - As matter of fact if you watch Apple trade you can see the S&P 500 move almost exactly the same. Which never ends well on long enough timeline.
I reduced the number of indicators to keep the chart clean. They all say the exact thing - on daily AAPL is a sell. Five shown. Notice the indecision in the green candles - the regime change is underway.
I'm a fan of market and volume profile but sometimes you need a different eye. APPL can retest the highs even reach an All Time High once more - before pulling the rug.
The trendline right beneath price has been tested 3 times. Line drawn by algo BTW. It will break and most likely return to the trendline before this breakout in October 2021.
This takes AAPL to the mid- $140's - not the end of the world, but a huge impact on US equites.
The indicator on the bottom show there is no strength, moreover not shown its also divergent - but it can stay way for a while on a daily chart.
Draw this trendline on your own charts and keep an eye on it. That said a well placed news bomb will most likely make quick work of this trapping longs. Think Evergrande Sept 2021.
Which is funny - that's in the lows 4300's - and where this market will likely return. Ok 4260 - but I'm not argue about days range.
So we'll if they gamma squeeze this AAPL one more time. One way or another Frazier is going down.
Facebook and Google, Netflix all look weak too and look similar on this chart setup. The only one that breaking up is Tesla (shaking head). However TSLA is a casino ticket not the market.
Google: Lower Prices Incoming? Alphabet - Short Term - We look to Sell at 2807.00 (stop at 2861.00)
We look to sell rallies. Previous support level of 2800.00 broken. Trading volume is increasing. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 2800.00, resulting in improved risk/reward.
Our profit targets will be 2630.00 and 2460.00
Resistance: 2800.00 / 2900.00 / 3000.00
Support: 2700.00 / 2600.00 / 2500.00
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SRM: Near-Term PT $15Diagonal / wedge structure that has a remarkably similar shape & feel to May - July has a near-term target of $15... SRM just received a major investment ($75 Million) from Tiger Global. This is one of the largest Hedge Funds in the entire world with $95 Billion in Assets Under Management (AUM). The reason this is a big deal for the state of DeFi / Crypto is that this is one of the most mainstream investors in terms of views on crypto that we could have enter the crypto foray. This is just as big as Dalio who has so far only dabbled his toes into the crypto space. A $75 million investment in the Serum Protocol is not just a mere dipping of toes but a full on swan dive into the pool. Most VC backed ventures only raise $1-3 million dollars in total. This shows the extreme confidence from one of the smartest minds in the world. Believe me, Tiger has a field of analysts that are 10x smarter than the rest of us, and they are going with the narrative of investing in geniuses like Sam Bankman-Fried who is the mind behind SRM and the Serum Protocol that on the surface appears to only be a DeFi trading project in reality is MUCH bigger than just DeFi. The entire ecosystem has many different projects using the Serum Protocol as its central engine. SRM is built using the Solana Protocol which currently boasts 65k TPS.
In my view Serum will overtake all DEXs (with their bloated fee structure and much slower finality in trading) on ETH protocols... which at last view if we just add up the market caps of the top 3 (Pancake, Sushi, and UNI), we get nearly $15 billion in market cap. Knowing that SRM is at 65k TPS and is scaling to 1 million TPS and 1 billion users and has major minds like SBF and Tiger Global behind it - I fully expect to see SRM dominate the DEX space in 2022 and garner 80% market share of all DEXs... let's just say that all DEXs today have a value of $40 - $50 billion. At 80% that means SRM could rise to $32 - $40 Billion Market Cap in 2022.
At the current market cap of $400 million that means a price of approximately $30. Uniswap reached a market cap of $22 Billion USD at its height but remember, this was on the ERC-20 protocol which is bloated, slow, and VERY expensive per trade. SRM is essentially free to trade, extremely fast, and is scaling to 1 million TPS in 2022. We could easily see a $40 Billion valuation in 2022 in my view and a PT of $30 in intermediate term.
AXS: Near-term Bull-Flag PT $246See my most previous Bull-Flag targets for SOL and LUNA... AXS with tons of market adoption and major investments from Samsung does provide an opportunity to be a gaming juggernaut in the gaming space. Axie bears some remarkable similarity to the virality of Pokemon about 25 years ago.... except with much higher sustainable uspide.
The Bull Flag Target is $246 and is a shorter-term expectation which I would expect to play out by Q1 2022 as major catalysts occur for AXS and greater adoption occurs.
DOT: Clear Leader in Web3 Space - 2022 LT TargetsThere is no question that DOT is the clear leader in the Web3 space.
There are >155 projects developing on DOT's ecosystem and DOT has the highest growth in developer activity in 2021 and the 2nd highest absolute level of dev activity (behind ETH). DOT grew from 2,600 devs to 10,000 devs by year-end 2021. Those 10k devs wrote 2 million lines of code in 2021. 2022 starts the year with 10k devs and an exponential rate of growth of the network. At current prices DOT is very undervalued imho compared to the level of influence it is about to play in the entire blockchain ecosystem.
My thesis has always been to buy the MOST fundamentally valuable coin and in the Tech / Software space the ones who become the most valuable (whether it's Oracle, MSFT, GOOG, AMZN, etc) are the ones who invest the most in R&D. In this case R&D comes in the form of developer activity and manhours invested in programming code. PolkaDot easily takes the cake.
On top of R&D invested in any venture (software and non-software alike), if the venture is led by a genius, your chances of success increase. Dr. Gavin Wood is perhaps one of the smartest devs in the entire Blockchain space. Dr. Wood co-founded Ethereum and with that knowledge he KNOWS exactly what to develop to create something even better. This is a major advantage that NO OTHER blockchain project enjoys - not Solana, not Avalanche, not ALGO, etc... although these other projects seem impressive and are in many respects, DOT imho will be the outright technological winner that stayed true to the 3 pillars of blockchain (decentralized, secure, scalable). Not only that, but Dr. Wood had the vision to target 1 million TPS years ago when no one else was setting their sights on such an ambitious target.
Furthermore, the parachain auction platform is starting to flex its muscles and actually showcase the genius behind this incentivized system of locking up DOT tokens (net deflationary) for 2 years to projects that can then lease a slot auction which then incentivizes those projects to develop and put their ideas into implementation while at the same time not having to worry about creating security features as the PolkaDot substrate has already taken care of that for any venture connecting to the parachain substrate. The number of protocols suffering from security flaws are innumerable and Dr. Wood knew this from the beginning of developing PolkaDot. I'm very impressed by his sheer vision and ability to foresee what would be the big issues to overcome and his ability to create a system that maximizes "skin in the game" from a game theory economic standpoint.
If you check out some of PolkaDot's projects here at parachains.info , you will find 155 projects developing at varying rates and many of which are very impressive. If you click around, you will see most are backed by venture capital, which is a very important metric to see as this increases the chances of success since the capital they deploy comes with timeline goals as well as support in finding talent as they can tap into broader global networks.
Lastly, the oft forgotten Facebook Diem connection to PolkaDot continues to develop with almost zero notice to the rest of the world. Pontem Network is creating a PolkaDot based substrate that will connect Diem and DOT's entire network. You can read more here pontem.network
Things also got a lot more interesting with the arrival of Diem's former COO now being hired as the current COO of the Web3 Foundation (the foundation behind PolkaDot).
www.altcoinbuzz.io
This will only quicken the adoption and integration of a mainstream social app that has 2.8 billion users and allow them to interact within the PolkaDot ecosystem with ready made apps. Some of my favorites are Phala Network, Moonbeam, Crust Network, Acala, and many more that I know I'm not mentioning (forgive me).
DOT Stoch RSI cross on Weekly (happens once or twice in a year)There is a very bullish setup occurring in DOT atm with the Stoch RSI crossing into bull momentum for the first time since July 2021... these weekly crosses don't happen often in a year.
Knowing that alt-season is likely about to progress and develop at a much quicker pace as it usually does in Q1-Q2 of any given bull year, DOT is probably one of the most undervalued pickups here since they have already fully launched Parachains. Expect more bullishness as projects continue to develop and as DOT ramps up transaction speeds. If you needed any clue on how fast DOT is even at these very early stages, it sends pretty much instantaneously already... much faster than about a year ago when I tested the speeds. They are capping the speed for now but soon we will see scaling as Dr. Wood and the dev team become more confident in their interoperability. KSM will do well too but DOT is severely undervalued here compared to larger cap coins. DOT could very well be $150-200B market cap by Feb/March 2022.
711 - Desperados: Momentum/Trend Cloud @ 7 - 12% correction to well over 23% on Trend... extremes.
Notice how Momentum has fallen below Trend.
A Picture of health or dysfunction.
IV
AAPL @ 61%
TSLA @ 63%
NVDA @ 77%
AMD @ 88%
and Beacon of Safety PFE @ 85%
Baba is now 90%
Pfizer is extreme as is Baba.
These are all later stage readings for Implied VX.
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All signs of a Shorter Term process of carving out a High prior
to the Ice Bucket challenge from the Federal Reserve.
Still in the neutral zone!Google has made a flat bottom triangle!
Fluctuating between 2800-3040 is the most probable situation for the next few weeks!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Enjoy the holiday season,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA , an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.