AMC held support on an upward trend.This is AMC 30 minute chart with the Cash in/Cash out Report (Ci/Co) applied. With the Ci/Co set to a user length of13, it gives us 6.5 hours of data ((30 x 13 = 390)/60) = 6.5. I have selected 6.5 for two reasons for this time frame (each time frame user input is independent of other time frames when using the Ci/Co).
1. 6.5 hours is a full day of open market trading.
2. The Ci/Co report paints your chart with a running sum of 6.5 hours into and out of the market. The intent of of Ci/Co is to quiet market noise. This time frame and user input gives a visual of when red and green bars are expected. The idea is to grey out false flag market movements.
Anyway, I see a slow upward momentum on a discounted meme stock that everyone is buying and holding. I don't pay attention to WSB but I do see a slow upward momentum. Have a look at the Cash In/Cash out report a free open source indicator here on Trading View.
MEME
ETH crashdump is not over, almost all crypto is going to get somewhat of a reset and rightfully so, especially the stupid memecoins, thats almost the dumbest thing thats ever happened in financial history.
May take a few months but we'll be down to $700-200 in eth price, quite the range there but honestly not trying to pinpoint a bottom until its clearer at the time, for now all I know is that the markets will continue down for sometime, no point investing right now, accumulate fiat and invest 6 months from now, maybe a year from now.
something to keep in mind, every key breakout was after 3 months or more of consolidation so we're pretty far away from a bottom IMO.
As I've highlighted above on the Eth chart, 2 x 1 month candles closed below the last support and then rejected top side, from there its down until next support levels.
Goodluck everyone, dont let your bias get you rekt.
RDBX Redbox Entertainment the next GME GameStop ??I see the recent rally of RDBX, which is a self-service rent or purchase new-release DVDs and Blu-ray Discs, as a return to the meme stocks.
RDBX went from $2 to $11 in just 10 days.
If we consider only the technicals, then the stock should reverse from the Fibonacci 0.618 level, which is $6.36 to $12.70.
I`m not in this trade though, the valuation is too high for me, 300Mil. GME was way cheaper when the short squeeze started.
Looking forward to read your opinion about RDBX.
APE - what's next?🐒After reaching the 2nd target from my previous idea...
...I think that Apecoin will be consolidating between the yellow trendlines and will create sort of triangle before next move. If that will be the case I will be ready to trade the breakout both ways.
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
WHEN MOON : AXSAXS - into acclimation fase
Since the trend study high chance for a breakout.
- coin did show some breakdown trend - as BTC did breakdown also.
When moon?
Depending on more reasons - technically side AXS should show at last an increase - but there is no guarantee into markets - so on this side: AXS will be interesting to follow - and to see if this trends will happen or not.
AXS : When high chance for a breakout?AXS is depending on most of the study trading skills and signals on important trends for a breakout.
Since the last updates - AXS looks still not to make the expecting move
The BTC markets support most of the time the low coins, but the % price difference depends on the coin itself.
For AXS - it's important to hit at last the 47-48 USD to get the expecting breakout between 53-69 trend. between 12% and 46% is the model counting possibility.
Before that target AXS are into accumulation fase wich could change with time range.
The levels will stay still the same the 53-55 target and the 69 Target.
The above models are the expecting frames, which means there is no guarantee it will happen 100%
It's important to study all-time you trades well before entering any market.
It's always important to check the markets on all sides - markets can change all time.
$AMC had a short lived Bullish run. What is next?NYSE:AMC
Chart - Daily
EMA (Exponential Moving Average): 20 EMA crossed the 50 EMA but couldn't hold for the next cross over 100 EMA. It is currently trending downwards towards the 50 EMA.
TTM squeeze: All momentum is puff, gone. Squeezing downwards :(
Fib levels: We now have a reversed fib and at .382 it's the beginning baaaaad news. It must fight off .618 or we headed down for the 1 fib ($13.77).
Candle stick: Three Black Crows followed by a Bearish Engulfing. This is baaaaaaaaaaaaaad!
Pattern: Falling Wedge or should I say Bearish Price Channel Continuation.
News: I really think it's just the volatile markets and the continued fed data about CPI, SPI, and War.
History: Well last start first by looking at the previous moves and analysis; We suggested the moves to $27.71 and $31.04 which were right on point. We even got a little extra. The current trends are the exact opposite of the previous analysis. We say this to say that the probability for $AMC to go back to $13.87 (1 fib reversal) is super high given the current market conditions. Especially with today's CPI data of 8.6% for the month of March. Maybe $HYMC could come to the rescue but they seem to be facing the same fate.
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DOGE - Looks to enter a cycle trend with breakout trend.Hello trading friends,
Know before you start reading this view that meme coins are very risky for this reason to make sure that risk management is high.
The dogecoin - known from the Elon musk time - and this coin still have the possibility to show some trends.
The reason for this update is as this coin shows to enter a new green cycle trend depending on TA.
What means this?
That there is a high chance that we could see a doge breakout coming time - but know that same time there is no guarantee into crypto markets, all depending on data.
The great target would be 0,20 with a long-term frame - but with unexpected doge breakouts, it could be faster.
Dogecoin is a coin that is known from historical trends - that it can break out with no support of BTC - it can go against BTC price. most breakouts are unexpected or after Elon trends.
Data shows there is a ON trend for the green cycle trend - why this and how it will affect doge coming time, we need to see it coming time or it will get a breakout, we should wait the time frame to see. If TA is right - then it will confirm this later out .
Have a good time.
This is not a trading call - Trade always only depends on your setups.
Gamestop weekly chart bullish or bearishLooking at Gamestop (GME) on the weekly charts I wanted to see where it is going in the long and short-term.
On the left side we see the massive rally in early 2021 hitting the all time high of $483 and pulling back to around $320.
Then in March and June we see to breakouts but failed attempts to take out new all time highs. You see the long upper wicks pulling back and holding support at $150
To the last couple weeks we also see the long upper wick and resistance at $200. The volume has also increased the last 2 weeks.
Price currently is overextended from the moving average so combined with the resistance and the bearish upper wick it does lean more to the bear side but $150 support needs to hold.
Although GME has gone on a bit of a breakout of late this weekly chart is leaning to more downside.
Three things I will be watching for are, one if the volume keeps increasing that is a great sign, two if $150 support holds and lastly I would need to see GME back above the strong $200 resistance for me to be confident in this for long term holds. For now I will play it short-term long and short.
Is FEG ready for a massive pump?crab harmonic pattern:
AB=0.38 XA
BC=0.38 AB
I considered an accumulation phase in the way of the 3rd wave.