As it is the fate of most cryptocurrencies, especially the ones so privately owned like the Solana chain. It's basically another Ethereum and i believe that won't work. Also i believe PoS is a flawed and inferior system to PoW. The roots of solana are built on top of lies and deception: things you won't notice until a crypto winter comes. But even if a crypto...
I've entered a LONG position on the 22nd of December right after Earnings. The chart looks to be in a strong uptrend and the market's reaction to ER was optimal.
From a technical standpoint the stock is in a strong downtrend. From a fundamental prospect the company is failing and on his way to getting delisted. I think you always have to be careful shorting these high short interest stocks because a short squeeze can happen from time to time. But make no mistake. It's going down.
There will be a water crisis in the coming decades due to climate change. Most people underestimate the consequences of climate change (whether is due to human activity or not - it's coming) and the scarcity of water is one aspect to consider carefully. I'll be investing in this ETF starting this year.
So i was looking to buy some semiconductors stocks and MRVL stood out to me from a purely TA aspect. It gapped to new highs after Earnings and then we can see a nice range in which money is flowing in. Also the uptrend has been quite strong throughout all of 2021. I bought some shares on the 31st.
A DOW 30 stock that has been ranging since the start of May. It went down in September and has now reached and closed below the lower band of the 80 day bollinger bands. It has almost reached the 200 day SMA as well. Nevertheless, the 50 Day SMA is still above the 200 and the long wick of the daily candle of the 1st October shows signs of strength.
The stock is currently trading below it's 50 day MA and the reception of ER on the 30th of September was negative. We have seen a gap down of -9%, followed by a solid red daily candle. The spike in volume is also a good indication. I'm expecting the stock to drift down as big investors adjust their positions / get out.
From a first impression the stock looks great. The 50 day SMA is above the 200 day SMA, we are trading at ATH and ER (28th of September) was perceived positively from the market. We have an unprecedented spike in Volume corresponding to the 28th of September which would confirm the "victory" of this stock. All good until we notice that we had the same situation on...
The stock is currently trading below its 200 SMA and its 50 SMA is also below its 200 SMA. This, coupled with the steady decline in volume, tells us that the stock is in a downtrend. Now we also happen to have exceeded the upper bollinger band, which means we are 2 standard deviations above the 20 day mean. This indicates us that there is a pretty good chance that...
Just an update on my previous idea. Taking a position here.
Setting the Bollinger Bands to a length of 30 days, we can see that there have been two times this year when we have been below 2 std dev. One between the 3-8 March. The other on the 12-13 of May. Both were followed by a rally to the basis. I think the best time to go long will be somewhere at the end of this week: maybe on Thursday or Friday. Also, if you are...
I don't usually like to trade FOREX because it's just random noise and bots but this time i'm noticing something. This pair has been in a downtrend since the 7th of September and we can see it fits well in the bollinger bands i put, bouncing between middle to lower band. We have seen a failed breakthrough of the base line on the 22nd of September then followed by...
I have opened a short two days ago at 229,38 on this stock after what has been a poor ER reception on a downtrending stock. I expect the stock to drift down in the course of the next week.
The recent ER has seen a surprise of 256% and a sharp gap up. Shorts will be forced to cover their positions in the next few days and the shorts are above 15% of the float. Not a long term hold, of course. The big spike on volume also is a favorable indicator.
Just look at twitter, youtube ... everywhere. Too many people aware of inflation, too many people shitting on the dollar. FED is ready to spoil the party and spread FUD over whether they are gonna taper or not. If you are on stocks, i suggest you unload your positions for the coming months up to september. Normies are gonna get rekt and then leave the market. The...
After Elon Musk pumped the currency by changing his twitter bio, BTC has retested the level once and is retesting it once again right now as i write this. I believe the price will come down to the support at 34,7.
I believe the pair will go up to hit the channel's upper trendline once more and then go down to it's inevitable down fall as per part of a bigger down trend on the daily chart. There is still space for a good long scalp tho.
There is not a clear uptrend in this pair. However the prices seems to be going up by "blocks": it stays in the same area of support and resistence with no trend for a while and then abruptly breaks it to go on a higher (in this case) level. It seems to be a good long opportunity for when the price comes back down to test the resistence-turned-support level. I...