Rose cup and handle on the weekly is forming beautifully, if we get that BTC dead cat bounce this will form the rest of the handle before liftoff. This is a longer-term chart here, I am net long but for 2024. 4-5 weeks time for the formation to play out.
Link, like many times in the past shows strength during BTC weakness and altcoin weakness in general. Link is in its own realm when it comes to digital assets, and should be a staple of any newer crypto investors portfolio imo. I plan on cold storing my link for years to come. The token remains above the monthly breakout, I marked a horizontal channel that it...
FTNT pushes against the fib and consolidates on a wedge just below. This is during a bottom in stochastic, expansion here should result in an upside break. For those who have been following this is also a GAP trade which helps push these back up if there is some demand for the stock. I highlighted the GAP that is a 33% move, you just have to be patient here.
RNDR ended up breaking out exactly where I projected to the day (lucky). This does show that the crypto market is a little simpler than stocks, basic charting tends to pan out on strong narrative tokens. I expect to see a test of 5$ again in the near future as NVDA remains strong. The stochastic reversal was right on the day and expanded perfectly here. If BTC...
CP, a value stock I have been eyeing for the larger long-term portfolio has been enticing to me as the company has a mote, and great revenue growth. The stock has been in a range for a few years and is aching for a breakout. I am eying another dip to the 70$ region for an entry but it just might break out in a few weeks and I will lose an entry.
Pendle hit my first target, I expect a little more pump, and then some consolidation here. I am happy I have been patient with this one, its becoming one of the larger holdings in the portfolio. There is a very nice contraction of the stochastic RSI here and the token might really surprise me in the coming days. I think we see 3$ soon and then hopefully a healthy...
This BTC dead cat bounce has started bringing MARA with it, I was able to scoop up some cheap spot shares in the mid 14$ range. I am still preparing to short my thesis soon. Regardless I do not like to short my holdings since most of them are hype based narratives aside from my value positions which tend to be larger. MARA just might see 21-22$ before the BTC dead...
Will we see the god candle ? I believe so. NASDAQ:SOFI , if nothing changes makes over 1 billion in earnings per year now, PE ~7x NASDAQ:PYPL obliterated stock has a PE of 18x. NASDAQ:SOFI therefore is worth about 15-17$ per share assuming it stops growth and does not expand profits in the future, the banks don’t want you to know this. This assumes no...
FTM looks to have rebounded pretty nicely here breaking out of the downward channel. The token has a lot of work to do to climb back to the previous trend. Unfortunately this is one of the weaker charts I have been tracking despite me being a long-term investor in FTM.
Near and many altcoins had a major washout out of trend as the whole market corrected pretty decently. Near in just a few days is climbing right back to the trend line, only the stronger tokens do this. The token needs to retake 3.2 to convince me of an uptrend here.
Avax and alts are breaking resistance to the upside, the stronger narratives are showing themselves. I expect 45$ here unless btc dead cats sooner than I thought.
Super is pumping on a teaser, this token has consolidated after two massive pumps. The project is slated to have a large announcement on the 30th. I still expect this thing to be axie 2.0 at some point when BTC is boring. 73 cents is on the horizon, and possibly 87 cents if it really runs.
After the market bleeds, it pays to see which altcoins pump the most. AKT is a position I added late December/early Jan and I remain long-term bullish on it. I expect a push through the teal trend line and golden Fib. If AKT can take the golden fib the confirmed bullish momentum will be on deck. AKT rejected the golden fib a few times already, the more attempts on...
Oil looks to have bottomed or is close, I expect this gorgeous contraction to end up bullish. I hold this royalty company in my long-term account and have started to average in more aggressively here. My target is 14$, the dividend is a nice setup here. The company is not exposed to the same risks as oil companies because they simply own the land other companies...
I have been tracking this Vale wedge for a long time and I have been averaging into this stock all last year, I continue to add to my position. Vale is a play on iron with a huge capacity for revenue and increased earnings. The dividend is strong and the upside potential for this wedge is substantial. At some point during the green box I expect a huge move to the...
The Metis pump was taken from us by an altcoin crash and reversal. Metis is looking to base here for a third time and a reversal in my opinion. I think these are some great buy levels here for a start to a long-term entry, or a short term upside trade. Another touch of 72$ would be a strong support as well.
RNDR is basing a strong consolidation here and with NVDA strength this token can really run even with BTC weakness. My 5.4 $ price target still stands, although the BTC dead cat bounce I foresee could end the party fairly quickly if the market spookys. The supertrend is still bearish on the daily but I expect a move to the upside very soon.
VZ was a great safety play for me last year entering around 30$, I use the golden fibs are long-term momentum indicators. If VZ can break this area I expect a nice run to fair value over the next year 55-60$. Entering around 30$ and capturing the dividend for 1.5-2 years will be an excellent value play to anchor portfolios.