GringoRiley

GringoRiley

NIO, the electric vehicle company is setting up again after being on a serious downtrend since its surge in January. This surge was the result of lots of "hype" around the name, the rise of Tesla, and its upcoming NIO day which happened on January 9th, 2021. We saw a massive run up the month before, around 60%. This year, NIO day is happening on Dec 18th, 2021....

GringoRiley

** AN Update on my previous FB post FB is playing out perfectly and looking to continue this bullish breakout. Having recently changed its name and business model, we have seen lots of hype and talk about FB, or META as its now called. I think that META will become a huge player in the next 10 years and this is definitely a good area to start accumulating shares...

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Boeing is looking to breakout the downtrend here. It has been doing this pattern and breakouts ever since the covid crash and we have another instance here. BA has consistently been creating these downward wedge patterns and breaking out. With the increase in vaccinations and covid issues starting to decline, and businesses and travel opening back up, this could...

GringoRiley

I see a very good setup here on XRP. Even though Ripple is undergoing a lawsuit at the moment, I think we could see this thing run above $1.23, but we have to be wary of the downside as well because nothing is ever guaranteed. We have seen many cheap, penny altcoins ripping over the last week, so hopefully we will be seeing some of the bigger names start to run...

GringoRiley

After the pop of BTC and ETH, it is time for altcoin season. I have already shared a couple ideas on MATIC and SHIB, will be releasing others soon as their times come closer. With many of the altcoins going off, SHIB, SOL, MATIC, DOT, and others, I think we are still yet to see DOGE and some of the other altcoins go along with the bull run. DOGE had a mini...

GringoRiley Updated 

SHIB still looking pretty good here. Broke out of the upper trendline, retested, and now consolidating a bit around the 27-28 region. It has been obeying the fib levels quite well throughout this pennant pattern ever since its massive run. We saw SHIB run while all altcoins were down, so it has the potential to do the same again. Altcoins are lagging a bit behind...

GringoRiley

FB is sitting at a very crucial level here. After dropping about 15% from ATH levels, it just had one of its biggest drops of the downtrend so far. Because of the news that Trump Media and Digital World Acquisition Group are merging, this will be another competitor to FB and Twitter, no matter what people think. This will take some market share away from the big...

GringoRiley

MATIC is setting up after a nice push from the inverse head and shoulders last month. After a nice push out of the upper trendline and previous resistance, it could be ready to make a move up to ATH's. With this bull run in BTC and ETH, we should see the altcoins following in the next days and weeks. If MATIC can break out of this 1.6-1.7 zone, I think it can...

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AMC has been in this pennant since that ridiculous run in June that we all remember. Meme stocks popped due to reddit and robinhood retail investors taking advantage of the huge % of shorts by institutions. We saw something that has never been seen before and we may be looking at a round two, on a smaller scale however. AMC has made its 5 legged pennant...

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Another beautiful, long Falling Wedge on TLRY here since around March. After that huge run from TLRY, there was much selling and bearish divergence on the chart from being so overbought. The run up left many gaps in the chart and they needed to be filled before TLRY could even think of going for another run. Bullish divergence seen on the RSI, RSI value is making...

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The Q's have had a beautiful breakout of this falling wedge, which is slowly becoming one of my favorite patterns to play, which we played on HUT, DOGE, RBLX, and AMC recently. I will make a video about that pattern soon. We have seen most tech stocks take off the last few days, which we can attribute to the whole tech industry (QQQ) in a small bull run here. I...

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BTC is approaching ATH amid the release of the new Bitcoin ETF and has been on a tear today. If we look at the Crypto fear and greed scale, it is at 75, which is high in greed, therefore could signal a SELL sign and a pullback to breakout levels. I will probably be selling some position here, and seeing if it breaks ATH before selling the rest and buying back at a...

GringoRiley Updated 

SHIBA INU, relatively new coin and "meme coin" has potential to break out of this wedge and range it has been stuck in for some time. With BTC and ETH starting to run, I think the altcoins and bigger named small cap coins will begin to run as well, from FOMO, meme potential, and just more and more people entering the crypto space. I will be entering with a small...