Bearish continuation as we break out of this trend continuation pattern. Don’t try to catch a falling knife, this might get ugly. Follow for updates as I will be watching this closely.
Bullish continuation on this asset, as long as BTC can hold current support. Almost an identical pattern from its initial rise many years ago. My only concern is they were delisted from the major exchanges not too long ago. Whilst that is normally bearish for bulls, some charts appear to have their own mind. This is priming up for another major move.
Get your head out of the gutter, I’m talking about round bases but the kind that breaks out. This chart looks like a storm in a tea cup. Whilst the trash coins (meme coins) are crashing to zero, the cream always rises to the top. History doesn’t always repeat itself but it often rhymes.
Alt coins are highly speculative assets, please buy and sell with caution. I do like Arbitrum, it’s a top Layer 2 project and should benefit from the upcoming Eth etf. However, the chart looks very bearish and it could continue to drop to $0.75. If that level is lost, I’d be exiting my position and wait for it to stop bleeding. We appear to be in wave C of the...
Cup and handle pattern brewing in the charts. Wide base, and then a sign of strength with the pump. Now we are printing the handle with low volume, I'd like to see it grind up here and reclaim the golden pocket (0.618) with bullish volume. Sitting on my hands until we see that sign of strength come back.
Cup and handle pattern brewing in the charts. Wide base, and then a sign of strength with the pump. Now we are printing the handle with low volume, I’d like to see it grind up here and reclaim the golden pocket (0.618) with bullish volume. Sitting on my hands until we see that sign of strength come back.
After the initial IPO the likes of Cramer and ARK invest were raving about the future of Unity Software. Whales sent this up during the bull market mania, only to distribute it- leaving bag holders down approximately 90% from the all time high, with almost three years of selling pressure. Brutal The shakeout is almost complete, we could have one final shakeout...
A leverage play to the EV market. Fundamentally the stars may align for this semiconductor business, as the EV market might be bottoming. The price looks weak, however, we are coming off lows and needs to break above the 0.786 and move towards the golden pocket. I suspect it’s the end of the corrective wave 5 and the start of an abc pattern back towards the...
Salesforce bulls have stepped in here. Fibonacci Confluence at the 0.382 and the 0.5 Fibonacci Speedfan. Bounce off a monthly horizontal support level. Bull stepped in and we were able to get a bullish hammer candle. Bulls back to take control from here? I suspect sideways consolidation before a move back up towards the path of $400+
Fortinet is very close to breaking the neckline of a head and shoulders pattern on the weekly chart. If it breaks below the 0.382 Fibonacci level, it will break down quite heavily. Cybersecurity is a crowded trade and with upcoming earnings of Crowdstrike and Zscaler, if the earnings and outlook comes in below expectation, I would imagine Fortinet will see a larger drop.
Something is brewing in the charts. The trend remains down pre earnings but Fibonacci time suggests we could get a volatile move. Perhaps a short squeeze in the offing. Fib time will tell…
After the initial IPO the likes of Cramer and ARK invest were raving about the future of Unity Software. Whales sent this up during the bull market mania, only to distribute it- leaving bag holders down approximately 90% from the all time high, with almost three years of selling pressure. Brutal The shakeout is almost complete, we could have one final shakeout to...
Giant Head and Shoulders pattern, if this breaks below support post earnings, one can expect the pattern to confirm and a larger correction to occur.
AMD has been trading in this descending wedge pattern. On the bigger time frames it remains in a bullish uptrend. Held up by Fibonacci Speed Fan 0.618 amongst a confluence of horizontal levels. I expect a reversal to the upside is imminent if it can breakout out of the wedge.