ERSDL - Good IndicatorsSince BTC decided to do a nice little drop last night, basically knocking “most” alts down with it, I thought I’d review my watchlists to see what coins I follow were is primo position for positive movement.
As you can see I use a custom “MacD” I got off the TradingView list, and the Stochastic RSI for dettermining potential energy levels is my way of describing it.
Right now both the MacD and RSI are is great positions simataneously at their almost lowest level. Combine this with the price levelling out at a support level accumulating and chillin getting ready to go.
During the last nice run eRDSL had back in March it ran up 232%. If I use a similar percentage for this run it could go to the 0.45 range, a nice little 3X run.
My thoughts, not advice Oklah. Cheers
RUN
GNUS BREAKOUTGNUS has been waiting for a long time, it showed a quick spike to 2.50 recently, call premium shot up 5000% on good news. i think GNUS is really ready for its final pumps. ANDY has secured their future with over 100,000,000 subscribers, and is early into NFT sales, not to mention sold his last company to Disney.
i think Gnus easily has 5-10$ targets placed on it, if not more in the future. watch out for GNUS, over this Q3 and Q4 rallies.
The Short interest is incredibly high, it will be center stage this year I know it in my gut.
SNDL LONG SNDL is showing a clean double bottom, with a violent shakeout. the shorts on every platform have started writing hate mail to me, and trying to discredit my posts, my short interest data, calling me a child or retarded. ive definately hit the motherload.
fintel has it at 87/100 squeeze score. this is the top .005% of all stocks.
300,000,000 shares short.
10% borrow fee now, it spiked from 5%.
all the news articles are switching to long
even investorplace
Cover your eyes now!This should bring out both bulls and bears! 😱
It's an amazing and long channel.
The bulls will say that it's a breakout of the channel. The bears will argue that it means the NASDAQ will crash.
I'm not into that debate. It's a dangerous one.
Overall I think there is a slightly greater probability for the south based on the channel - but how far south is big problem.
There is a probability for the north and a breakout because of the ATR line on the 1-day time frame showing a sharp switch.
The the above only apply at this snapshot.
Have a look. If you have reasons to be bullish or bearish, have your say! 🙏👍
Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
SHIB NEUTRALI am neutral on shib. waiting for a better deal in the triangle and some confirmations before going long any further. 30b + market cap is pretty hot and could cool off for more altcoins soon.''
Rating 60-40 neutral bullish.
We are reaching the final portions of phase 2 markup, into the "distribution and publicity phase" the final peaks and then inevitable fall of shibcoin -61% before its next doldrum phase.
HOOD - Robinhood / Short Memories / The Confederacy of the DunceHoodiots are a common breed. Freshly minted, young, inexperienced investors looking to get their Game Stops on in the markets.
600,000 new accounts (Probably FAKE bot accounts sponsored by Citadel, lol) opened in a single day.
Hoodiots seem to easily forget their accounts were locked out of Buys, only Sells.
Were a broker to ever do this, they'd be 86'd to the curb forever, but Hoodiots "Believe" it's ok.
It is not.
$3.4 Billion was required to meet settlements... stability?
No.
DTC can cut Hoodiots heads off in an instant, they've done so... but hey, they'll never do that again!
Wrong.
More vague excuses, misinformation - "It is for your own good", "We are increasing Liquidity"
Accept that they ran out of cash. Keep moralizing their decision and citing misinformation.
RH eroded trust and went to none other than JPM for a $Billion... the very edifice you all claim
to beat back every day... stopped both buying and selling, except to close existing positions.
Laughable.
Unless you’re paying for trades you’re routed to someone buying order flow.
E*TRADE, Ameritrade, etc sell order flow for revenue.
You're a long con sucker.
Preventing buying and selling - except to close existing positions. You are your
own Margin Liquidity Trap - a death spiral.
You moved your Capital to a Fault Line, expect earthquakes.
ADAUSD Triangle Breakout Testing ATHADA has not had too much time to rest. Instead of a lengthy consolidation period after the cup formation noted in my last chart, the handle broke, created a small ascending triangle and decided to break out again to test the all time high. My feelings on this are mixed. If it fails and does not make an all time high, the results could be terrible and we would see a drop in price to the next consolidation area. Not to mention it will ruin any bullish momentum that was forming since this morning. A pattern can only try a high a few times before the sentiment changes and the trend turns for the worst. However, if it does make a new all time high, this could bring the bullish volume back into ADA after the last strong bull run. It would also confirm the uptrend. The bullish momentum created by a new all time high could last for days. The reason for all of this is the amount of volume at the top range of the chart (2.86) is not really allowing the price back down. Unlike the last pushes, this is a strong psychological level and the best approach will be slow and steady.
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Now lets talk about why ADA has so much strength. Cardano is about to release smart contract September 12 with the Alonzo release. This addition makes it a viable competitor to ETH as an open source platform. Right now, it is just a glorified ledger. As a person who plans to be a Cadano Developer once Alonzo is released, it makes me wonder how far ADA can go. I have heard people say it cannot go to 100 dollars because it will need around a 3T market cap. But considering in the past 2 weeks ADA has added 31B to its market cap, it's definitely not out of the realm of possibility. Also, considering Grayscale Investments has picked it up, I think it has a LOT more room to grow.
Tell me what you think?
This is not financial advice. DYODD.
Triangle Breakout- long play **Update**Just posting a quick update- all previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH bounced right off its 200-day SMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN
- 20-day RSI EMA cross
- EMAs Curling (not pictured)
- MACD is seemingly about to cross
PT1- $176.03
PT2- $182.30
PT3- $189.36+
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(Previous Charts)
ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
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ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets; is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. *(All Price Targets Reached)*
SNDL GAMMASQUEEZEThe pot boom is finally here. It's time to go up. 270,000,000 shares short, the shills are trying to say the targets are anything but what they are which is super high. 5-10-20-50$ possible. do not miss this 1.
The company has now become a loan shark and multi merger. do not let bears fool you.