MoneyFishing

MoneyFishing

Hello Friends! I believe DJI has more downside. Currently, it’s trading in the channel that was developed in 2009 to current. Week of June 13th it tested the bottom of the channel at 29653. Now it’s approaching strong resistance at 31533. Going into next week I think any negative news can push this out of this channel and on its way to test the 28495-28902 gap....

MoneyFishing

Hello Friends! Bitcoin had a nice rally out of this wedge pattern. Now it’s come to a strong resistance (green line). This resistance has been strong since April 2022. Strong break above .382 ($23,045) can potentially target $25,400. Break below .236 ($21083) might open the door to $20,500 or below. As always thanks for your follows, likes, and comments. Let’s...

MoneyFishing

Hello Friends! We can see a move to the upside or downside this week for Bitcoin. It’s trading in a wedge; a breakdown or breakout can target two zones (downside $17-18K/upside $25-$26K). As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute,...

MoneyFishing

Hello Friends! Volume is still low and it looks like a potential bear flag in play. If it breaks below, I see $17,600 as its 1st target. Break below that level might open the door to $16,500. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute,...

MoneyFishing

Hello Friends! Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets. Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017...

MoneyFishing Updated 

Hello Friends! Apple has broken below the March 2020 uptrend. Now it’s trading below the 200 day ($153) and looking at breaking below $150 support. If support breaks, I see $137 as it’s next support. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not...

MoneyFishing Updated 

Hello Friends! Breakdown out of this rising wedge on the back of a death cross can drop the price to potentially 3 target levels. -$87.20 -$79.20 -$59.51 As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!

MoneyFishing

Hello Friends! Like it or not Coinbase trades at the mercy of Bitcoins price action. Even with their new NFT marketplace, it’s been a hard sell for them to convince investors that they have more than crypto trading. It’s in a falling wedge pattern and looks oversold. Any good news might pop this up to the upside. With earning around the corner and crypto trading...

MoneyFishing Updated 

Hello Friends! I entered a trade at $38K and exited at $48K. Now I’m waiting for a confirmed breakout above $48,300 (200 day moving average). It must breakout and hold above that level (prefer above $49K to $50K) for a few days for me to trade the next potential levels up. Maybe wait until the weekly candle closes and watch the volume to support the price action....

MoneyFishing Updated 

Hello Friends! BTC broke below a bear flag but the break wasn’t strong to push it firmly into the $30,000s. Currently it’s fighting to find strength to break above A1 resistance line. A failed attempt might push BTC to break below A2 resistance and $30,000s might be in play. As always thanks for your follows, likes, and comments. Let’s learn and grow together....

MoneyFishing

Hello Friends! AirBnB had a great earnings report and seems to be leading the way in travel. There might be a good trade in the works to break to the upside (wedge breakout) to it’s 1st resistance of $174.52. If it can hold above that level, I think it might have some steam to go after $189.41 and $204.96. These days good news can flip to bad news overnight,...

MoneyFishing

Hello Friends! Dow Jones has been on a nice trend since 2009 and then covid hit and the FEDs pushed it back up. But it overshot (blue channel) and now they’re trying to get back into the 2009 channel. There’s a lot of external factors that show signs of weakness. It seems like it has its eye on the Nov 2020 gapfill. If it fills, it might be the correction that...

MoneyFishing

Hello Friends! I’ve taken 5 positions of Nvidia from 2018 to 2020 and sold 40% on December 2021 at overbought conditions. I’ve been sitting on cash from that sale waiting for oversold conditions. I’m planning to look at how it reacts to the .236 and .382 zone. I believe the FEDs rate hikes, inflation, and potential chip oversupply from demand going down will give...

MoneyFishing

Hello Friends! I like Nio long-term and I’m looking to add to my position if it retraces back to $15-$17 zone. Also $15 to $17 is the bottom support of the falling wedge. If support is found at $15 it should breakout of the falling wedge for more upside, Gap fill #2 and #3 might not fill IF breakout happens. As always thanks for your follows, likes, and comments....

MoneyFishing Updated 

Hello Friends! IF it breaks out of this downtrend, look for a breakout towards $300. If $300 holds, I like for it to get back into the uptrend channel. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other...

MoneyFishing

Hello Friends! It’s been a nice move from the bottom for Unity, congrats to the profit takers. From this point I think there are two ways to play this. Option#1: Looks like a rising wedge will play out to pull back to $93 support before the next move up to $125. Option#2: If it moves up to $108 and pulls back to $105, $125 might be in play. As always thanks...

MoneyFishing

Hello Friends! If Axie Infinity can breakout from this bull flag, I like it to target 2 price points: -$81.93 -$88.97 For this to have a chance to happen, it needs to hold above $64.50. As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers! *This information and publication is not meant to be, and do not constitute,...

MoneyFishing

Hello Friends! Amplitude has declined by 70% from it’s highs. Back in February analyst had a price target of $40 and $60 for 2022. Currently is consolidating and a breakout can have its eye on two price targets. Target#1: $27.50 Target #2: $33.00 After $33 a gap fill opportunity to $40 might be an option. But at this point, one step at a time. As always thanks...