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FAA Investigation and Commercial Mission for Italian AirforceSPCE switched from vertical growth and fall to sideways accumulation. SPCE tends to grow massively on News, yet fall in the absence of any. It's probably due to the emotional bond to space research many people & investors have and all of us want to see SPCE succeed. Their main advantage is efficiency. The plane-like runway take-off burns less fuel, so does the feather-like descend. SpaceX, Blue Origin, and other potential competitors use rockets with a vertical start. A disadvantage is that they only approach close to space without getting actually there. My first two analyses on this stock were turned out to be incorrect as I expected FOMO to be bigger after I saw what happened to GameStop. A third one expected a drop to high liquidity and a sideways action until a significant event takes place. A temporary bottom was created according to the expectations. A last one marked area of liquidity where we are right now. Today, I would like to mention two events that might influence price but are unlikely to be anywhere close to Richar Branson's personal approach to the border between Earth & Space. CNN: Richard Branson's flight to edge of space is being investigated by the FAA (Sep 2) Apparently, the ship was knocked off-course during the parade and Federal Aviation Administration didn't like the red lights in the pilot's cabin either. The course was corrected quickly after realizing that. It's one of the disadvantages of flying planes as opposed to rockets which would get less influenced by the upper atmosphere winds. I think FAA won't stay in the way of progress and it's probably nothing serious. If they didn't figure it out, Branson wouldn't join the crew in the first place. Also, I don't see FAA staying in a way of the progress of the most fuel-efficient company in this field. Virgin Galactic: Virgin Galactic Announces First Commercial Research Mission (Sep 2) And I thought that's what Virgin Orbit is for. Anyway, it's a mission from the Italian air force and the goal is to measure bodily functions such as heart rate. Why neither positive FAA investigation outcome nor success in the research mission shall bring comparable rally? Neither is as exciting as the company founder flying to space himself. They have already proven, they can do it. Lastly, the public stream is what attracted so much attention to their previous event. SPCE should return and exceed its previous highs but not until they start putting tourists on board. Hearing some of Branson's ambitious plans, I expect him to release even more shares to raise the company's capital by then like he did last time. It's best to invest now and take profit before a company decides to start building new ports everywhere .
NYSE:SPCELong
by OrcChieftain
3
To the moon !!!!A little salty personally because I have sold a decent chunk of my ether at this point, on the bright side I can now afford to stay in with what I have left as the risk is much lower. Im personally starting to think ether will go a lot higher than most of us are expecting, my main reason for that is gas issues are being solved quick. Polygon has proven that layer 2 can work like a dream and in the background gas prices on layer 1 are MUCH lower. Last night it was under 20 gwei and this is all before some of the biggest updates we have coming this year. I really would like to see a pull back soon, not only so I can buy back some alts and more eth but because we have pumped straight through the 2,000s without much resistance at all, for ether thats a huge move and I believe we need to see a correction so we can establish some more support for ether to continue to grow. We are coming to the upper trendline on three different patterns that are all typically bearish however at this point If we just broke right out and kept going it would not shock me, I am however expecting a sharp move to the 2400 area still. s3.tradingview.com
GEMINI:ETHUSDLong
by loadedcoal
1