MarkitMaven

MarkitMaven Updated 

Stock is weak but the next few weeks could determine the fate of this ticker. If it doesn't up its game and break above the 230 resistance, the next stop could be 130. See the chart for more info.

MarkitMaven

By definition, any dip between 10-20% lower than a peak, is called a correction. And here we are seeing some of the most famous historical market corrections. Except for 2000, that one was a bear market but I included it here because there are some similarities between our current market condition to the ".com bubble." But let's hope for the best and say this is...

MarkitMaven

Space is a volatility game. You buy options when it's all nice and quiet and sell them to profit from increased IV. Another strategy is to buy shares at these prices and sell options at the top. Either way you play this stock, you will need volatility to profit from your options swing trades. On this chart, you can see SPCE sitting right above a major support...

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MarkitMaven

"Trend is your friend!" It's very important to know how to draw a good trendline and understand the basics of it. Here, I am going to show you how to identify trends and what are the factors involved in drawing a solid and valid trendlines.

MarkitMaven Updated 

Note that this is an inverted chart. Now, all eyes on 3215! With the volume and the pattern, this setup looks generally bearish and should take another 17% deep after breaking under 3215. From there, the first stop is at 3075 and then 2535. On the flip side, if 3215 hold the line with strong volume, we should revisit 3500.

MarkitMaven Updated 

Moonriver has been running like there is no limit. Went from $5 to $300 in less than 3 weeks. It's too early to say much about its chart, but keep it on your watch list. This could be the next Solana or ETH. Additional information: Moonbeam simplifies the developer experience by combining full Ethereum compatibility with the power of Polkadot, including...

MarkitMaven Updated 

The originally it was $5 and Algo should make its way back to its initial price. The RSI is not too hot and this current movement should be able to continue growing. However, if we see a hard rejection of this current price, then we should call it a double top and prepare for a 40% drop.

MarkitMaven

Check out Polkadot, Luna and Avalanche. Today, their volume has been very large. Even larger than BTC and ETH (At least as of now) Huge buying pressure. Their graph looks decent as well. On daily, they all have room for growth and with their recent volume, who knows how far can they go if they break out again. Have these on your watchlist. Hint: Always wait for...

MarkitMaven

Weekly chart of these two coins show nothing but strength. Volume is increasing and the price is increasing in a 45 degree angle. Daily chart shows lowered volume compared to yesterday but should see another green candle before any small correction. Keep these two coins on your watchlist.

MarkitMaven

I found this concept interesting with real potential for growth. It had a great run in the last few days and might settle down around 0.15 for a bit or it may keep running up after a few hours. Right now the volatility is extremely high, so if you decide to buy, do it with caution. What is Presearch? Presearch is an open, decentralized search engine that...

MarkitMaven Updated 

Here we have a trading channel and two outer boundaries that act as support and resistance. Currently we are within our channel, and just above a support line. If it breaks, we should see 16.5 and if it bounce as shown in the chart, we will see 72 in September.

MarkitMaven Updated 

ETH broke below its trendline and is at risk of dropping further. The "orange" channel has a good chance of stopping this drop and reversing it toward a new high, but if that also breaks down, it should head toward 2664 sooner than later. The bearish volume is relatively stronger and MACD is gaining momentum. Either way, 3062 seems inevitable for now.

MarkitMaven Updated 

Matic is at a critical level. If it doesn't pass 1.7 then should hit 1.5 before it's next move. The trading channel is clear on the chart. The RSI is slightly high but not at a critical level and at the same level as last time we hit 1.7 back in Jun. It could continue its run after another red candle but it could also take a few days off and reach 1.5. I don't see...

MarkitMaven Updated 

ADA is deciding to whether break out or down of this symmetrical triangle. If the breaks out and pass 1.6, we will see $2 soon. Otherwise we have the blue "landing line" underneath that could guide us to find the next buying opportunity. RSI is also testing its trendline which once was broken a few days ago. Let's see if ADA could bounce off of its 12 MA and hit...

MarkitMaven Updated 

Market is at a critical level. Today, it closed under 12 MA sitting right on the trendline which previously has held strongly multiple times. The difference is, this time market has a solid reason to be skeptical of further growth. That's our first red flag! Our trendline is now being tested while the rising wedge is getting very close to its decision time,...

MarkitMaven

We all read the charts, know the patterns, understand the candlesticks, and do our best to interpret the market's next move. Yet, 90% of retail traders struggle to break even after hundreds of traders. There are very few traders that can beat the market over a long period and that's a fact. But, why? Let me ask a different question. Where do we all learn how to...

MarkitMaven Updated 

XRP is right at a recently developed support line, which could bounce back up and follow the yellow arrow. On the contrary, MACD and RSI are hinting that we might go back down further and hit the next trendline 1.12. If the second scenario plays out, as long as we pass 1.35 again, we should be good to go, otherwise, I would trim my position and wait for the next...

MarkitMaven Updated 

Rising Stoch RSI within a raising wedge with decent volume, there is a good chance of Apple hitting 155 by next week. This is the continuation of the bull wedge started in June. Action: 150-155 Call debit spread expiring Aug 20th.