Neutral
FCEL TRADING OPPORTUNITYUpward channel, Great place to get some strangles either call debit spreads with the same on the put side to lower risk but cap gains.
I except fcel to test the 200 ema around $5 whithin the coming weeks.
Options play is a strangle/straddle best used with debit spreads.
Price targets - $5+ and $3- if it breaks the $3 dollar mark we would most likely see $2. if it breaks above the 200 ema we might have a break out to take us above $6
Is it over for crypto??The market does look bad. BTC has lost weekly and monthly supports that turned into resistance. Is bitcoin about to print 10th(!!!) weekly red candle? I have never seen such bearish sentiment in 5 years. Are bears gonna get away with it so easy? Easiest long trade would be if BTC could reclaim weekly support ant 31.5k. My personal view is that we should have a relief bounce sooner than later. Probably BTC will continue to range forming bullish divergence and initiate the squeeze into 38-40k area as shown in green scenario. From there we could continue crawling down again. Worst cast scenario, which is very unlikely IMO, we just continue to dump with no bounces into the next weekly support. If you are looking for shorts, you are too late IMO.
Thoughts on CADJPYAfter the failed gartley with AB=CD pattern, we can see too things the market would do: bullish because of a flag pattern (or channel, depending if you see it as geometry or harmonic theory) or bearish because of an ideal AB=CD pattern as 0.786 : 1.27. I recommend to wait for signals when it approaches to a zone marked. In that case, bearish possibility at 101.681 - 101.969 or bullish possibility at 100.148 aproximately.