MarkitMaven

MarkitMaven Updated 

I hate to say it but it's the fall of cryptos. BTC is heading down toward mid 30's. Watch out and always hedge your investments. Cryptos are volatile creatures and may not always move in our favor. Also, just came out, Elon tweeted no mot BTC for TESLA. It's just the matter of time.

MarkitMaven Updated 

We are about to enter the Post-Pandemic era where traders' optimism overwhelmingly overcast all other forces in the market. As you can see in this chart the downtrend has been reversed a few days back and we are moving up. But we have been going up for quite a while and may need a short break and help the RSI settle down. I don't see we break below 40 in this...

MarkitMaven Updated 

A falling wedge, an oversold RSI with low volumes. If these are not bullish signs and doesn't make this stock to trend up then nothing else will. If LI doesn't go up beginning next week, then it's not possible to say where it's going to stop, maybe under 10? Bearish Market is not giving up and inflation is looking hot these days so I'm going to stay in cash and...

MarkitMaven

DIS might actually go back to its pre-COVID prices because that's where it belongs. We had a good run with it since March but the fun is over and inflation is not kidding with overpriced tickers. Although, this might retreat before the main action to make a H&S before it goes down. Of course, Disneyland is going be more profitable for the next quarter but for the...

MarkitMaven Updated 

Thank you DogeFather for giving the word a heads up! After the initial drop, the trend line held strong and formed a hammer shortly after. Now that all moms and pops are out, businessmen are going to discover Doge by watching SNL and then this coin is going to take off toward $1 (+100%). Well, enjoy the ride!

MarkitMaven Updated 

40% trade opportunity! Price has broken out of the downtrend and formed a hammer on 2h chart. It's heading up to test 0.011 again. Are you ready?

MarkitMaven Updated 

There may be a rebound for a day or two (RSI is oversold, should bounce for a bit) but considering the support lines and a possible H&S forming, later on, these targets are the most probable outcome. After all, Covid is over and people are spending less time shopping online and will redirect their money to the travel and service sector. So it's just a matter of...

MarkitMaven Updated 

It's a bad day for AAL, but a fantastic opportunity to buy calls. RSI is oversold, sell volume is low, and the price is within the uptrend channel. My only reservation is the earning call on Thursday that I'm sure is not going to end better than UAL. So is this the time to YOLO on AAL? It's a little risky so maybe a straddle?! Any thoughts?

MarkitMaven Updated 

SPCE is right at a major support line within it's uptrend channel with an oversold RSI . Last couple time we experienced these conditions, SPCE bounced back up nicely. So I think, it's less likely for it to break below 20, and should go for a juicy upward movement for the next month or so. Fibonacci extension at 50% is right where we saw a large gap on Feb 26th...

MarkitMaven Updated 

I'm not going to share my actual target because it may sound too aggressive but what you see on the chart is the most likely scenario in upcoming the month. We need another confirmation but all-in-all this chart is very convincing. NVDA is about to turn the table and go red for a while. It looks like a good short/put opportunity!

MarkitMaven Updated 

Our indicators are aligned for this prediction. RSI has started moving up, the volume hasn't been too bad today, and the 8 TEMA and 9 MA have cross up. Our target is at $22 where our next resistance level meets the upper border of the daily downward trend. From there we'll revisit LI to see if there will be a break out or another downward move, but for now I think...

MarkitMaven Updated 

There is literally a sad pattern on this chart, how cool is that?! lol Check out the double top (eyes) and a mean MACD, which every time it turns red MRNA takes a deep dive. The earning call is coming up too, and I have a feeling that people are not going to like it and would probably get sad too. Moderna's vaccine is going okay but I've heard mixed stories...

MarkitMaven Updated 

This is no secret that cryptos have a strong affection for this phenomenon. ALGO is no exception and has been bouncing back and forth between every round number marked on the chart. Speaking of the chart, you can see the RSI is getting closer to the 75 percentile where it has been shown to be sensitive since our latest corrective move on especially after April...

MarkitMaven Updated 

XOM is bouncing off the yellow support line and is heading to its 52 weeks high before its earnings on April 31st. All indicators are in favor of this bullish movement. You see a double bottom on the chart, and RSI which is rising, and the MACD that is about to cross up. Don't forget to check out the stop loss and make sure to set it as soon as you placed your...

MarkitMaven Updated 

My previous analysis was invalidated due to a number of reasons. The trend has been reverse and my new target is at $18-18.5. This is not a trading advice.

MarkitMaven Updated 

If you are waiting for a better dip, anywhere around $2.6 is your sweet spot. Although, it's always great to wait for a confirmation. For now, ENJ is heading down and should settle around its major support line as you can see on the chart. Whether this line is where we see a bounce back or not, really depends on its big siblings, BTC and BNB. AT the time of wiring...

MarkitMaven Updated 

Our weekly and daily charts aren't looking pretty for our short-term investors. The weekly chart is forming a curve, which could end up with two scenarios. First scenario: next week BTC will keep moving sideways till it break up toward a new ATH (less likely), or the downward trend will be formed on the daily. In our second (more likely) scenario price action...

MarkitMaven Updated 

There is no good reason to believe that BNB is going to lower than 38% fib level, similar to its movement in February. As of many other alt coins, BNB has been repeating its movements over and over and what you see on this chart is the next likely scenario. I can't imaging Bitcoin or BNB crashing any time soon and there is no reason to think of any short term...