Sofi has been in a large megphone channel for a long time. The stock has been heavily shorted leading into its prospective first quarter of profitability. Recently, Sofi has broken the red resistance downtrend on strong momentum. I have added in some late dated and medium dated calls to add some leverage to my large spot position. Those who interact with this post...
Super has wicked to this resistance level 3 times in the past few days. This historic price level is one of the bigger areas of resistance . A cool off was definitely needed as the token dips into a range of support. Consolidation is needed if we dont want to realize a blow off top. I am still net long, especially since my most recent addition was many multiples...
BTC dominance has been on a steady rise this year with a recent upswing coinciding with price action. The cup and handle breakout from a while ago has played out as expected. I believe we see the dashed green line in a few months time, weaker altcoins will bleed harshly and strong will also go sideways or bleed until BTC consolidation. RSI has risen harshly. I...
Take a look at the weekly chart on BTC, this is a potentially massive move. I would love to see a slow bleed correction soon here so we dont blow off at 48k. I am very bullish here and have been since the bottom. Careful with leverage all, I expect tax harvesting soon for the overall markets then off to the races in Jan.
I love to see this kind of consolidation and price action on my core digital investments. The token did hit my price target but it did not hold and it is not falling into daily demand from a few weeks ago. Worst case scenario will be this red dashed line imo since its a swing reversal of candle bodies, no wicks. RSI is still resetting but volume on the monthly is...
Avax has been heavily rejected on this fib with a few fakeouts already. After the emissions yesterday I expected the token to drop more but the dip was bought pretty aggressively. I noted a contracting RSI, I think we are about to see a big move like we saw a few months ago. If this fib can be flipped to support 23.51$ is soon and and then 28$ which was my medium...
Shrap is exhibiting a textbook momentum setup. The pullbacks are in a nice trending line, not too fast, not too slow. An overall upward trend is forming with growing rSI. Fib extensions have been respected for the most part. The 4-hour demand is rather large with the indecisive red candle with the long wicks to either side. Avalanche gaming and gaming in general...
Sofi has remained in a megaphone pattern for a while with an additional downward trendline staying true. This test on the 4 hour is the first candle body above the line since the Megaphone started. RSI has been on a steady uptrend. Sofi is approaching its first quarter for a goal of profitability. The stock is heavily shorted. I recently entered a 6 month call...
3ull corrects after I took profit at my first price target. Getting that 5-7x with 33% of the position is a nice way to derisk back into AVAX and lock in the profits. I added demand that was drawn on the daily which should act as strong support since its a pretty large demand. I expect a bounce very soon since gaming is going so parabolic. RSI is about the lowest...
If you have been following along I drew a few short-medium term price targets a while back. These are historic areas of indecision and price action. Multiple double bottoms from over a year ago are the dashed greens. I marked my re-entry with my trading bags in the dotted green for transparency. I hold two bags of PYR, a long-term back that I entered sub 3$ during...
Pendle is looking to break consolidation to the upside on the bullish BTC price action. RSI is reaching for a breakout of contraction. Volume had a meaningful reset. With the Ethereum price action I expect the arbitrum ecosystem to maintain this bullish momentum. This next fib is my next price target and should resolve soon, if flipped to support, ATH is on the...
RNDR is impressing again, each consolidation period only offers a small window to buy pullbacks at the trend continues. I am again sharing my weekly view as the token is closer to ATH than a lot of the market. RNDR approaches the golden .5 Fib that was drawn on the entire chart history's weekly view. To be honest there is not much price action until 4.47$ and I...
I have been watching Eth for a while and I believe it is finally time to cover it. This chart reminds me of when Link broke the weekly resistance on strong volume. Eth is at an inflection point of a previous double hop and swing high. The shorter term EMAs are kissing each other, and RSI is rising aggressively. Volatility and volume contraction is apparent. I...
ILV is testing historic resistance like I hoped after a rejection and consolidation. This is one of the most hyped games in all of crypto. I added an updated local demand, and you can see the trend has been strong since the cup and handle breakout. The exciting thing for me is that RSI is coiling up so I believe we are about to see a fierce move like super token....
Shrap is a gaming token on Avalanche, as you know I am a huge avalanche enthusiast and bull. Shrap has been respecting fib extensions pretty decently despite being a newer token. The golden fib .5 is pretty important for momentum signals. Shrap needed the previous consolidation phase that was seen a while back and is looking to put in new fresh highs. Volume is...
If you looked at the last time I posted this chart, link was rejected at the monthly resistance. The dashed green line is a historical area of price action and multiple weekly candle bodies forming a resistance. LINK is projecting above this region again, I would not get too excited until two plus daily candles are above, but it looks like the momentum is there. I...
Super is looking to be taking another shot at the 2021 resistance which was heavily rejected previously. This was likely a leverage washout and some older bag holders capitulating. This is some of the heaviest resistance the token has until the 60ish cent range. RSI is in a clear macro uptrend, with a volume reset which was needed for a cool off. I am still net...
I have never really gotten into reits and tend to avoid most real-estate focused equities. I have been watching ADC for a while and have watched other investors cover the stock. From a technical perspective it looks to be waking up on the weekly. ADC pays a yearly dividend of around 5% and this is paid out monthly, so it can compound pretty heavily if you get a...