After an impressive 7x rally that began in mid-summer last year and peaked above 7, Rune initiated a correction in December, dropping 50% from its peak. At this moment, Rune/USDT has reversed from the golden zone of the last leg up and appears poised to continue its upward trajectory. As long as the 3.5 zone remains intact, I anticipate a retest of at least 7,...
This one is tough and I've spent a few hours looking into how Wednesday will turn out and I cannot come to a conclusion. I see a lot of hesitation in the last few days, possibly in preparation of the earnings reports releasing on Wednesday which are finally being published after the company failed to meet the 15-Day extension on the original due date for the...
If Sune breaks down through the neckline it would mean the B-word. However if it bounces on the support...sky is the limit. It is best viewed as a call option.
On the daily TF, we are in the midst of the fifth and final wave of an expanding ending diagonal, counted as C of an ABC zig-zag correction. The monster buying opportunity will be at the completion of this C wave, however, we may be presented with a short term long opportunity with a R/R of 8.5. The current count is wave-b-of-(c) in a potential flat correction...
SUNE is nearing the completion of a bearish cypher pattern after breaking the bullish Wolfe wave confirmation line and retesting. This presents an opportunity to place a long position. The next pattern to look for if this is filled and completed is the bearish Gartley pattern. Depending on price action, I may be taking both of these trades. I will update the...
The last time MACD crossed the centerline was from the positive side, and the 80+ percent drop played out over the next few months (highlighted in light red). The MACD is about to cross the centerpoint from the negative side indicating the long down trend and negative direction in the chart has ended and we are seeing a start of what could be a lengthy bullish...
There will be no fade. It broke out of the channel and will thus continue rising.
Solar stocks such as SUNE, SCTY have been hammered real hard for the past 3 weeks. Tesla is not a unicorn immune to the global deflationary forces. Like many, Tesla relies on cheap debt to finance its research and development. This isn't sustainable when Janet Yellen is no longer supporting the market with Quantitative easing (QE). It is also on the verge of...