Short here on Garmin - very bearish RSI divergence.
Firstly I should say I am currently very bearish on the macro and expecting lower levels before bouncing next year... However, I cannot ignore this POC level on Amazon, a lot of volume traded around here in the past, so a good chance amazon may at least hold stronger than the rest of the market if we do see more downside. Hence I am taking this as a long to hedge...
Long Crowdstrike Bullish RSI div H4 Insillico reversal candle printed Downtrend support below
Shorting the retest of the H & S resistance (blue line) Target marked on the chart.
If this played out, it would give one more higher high, before we likely enter a recession. With a huge number of shorts/open puts on the market, it's not out of the realms of possibility that we wipe all of these out before really going down.
Seems like a great time to buy, extremes RSI and fairly important historic level. Also some RSI divergance on low time frame
Cannabis has been hammered this year, is this is the start of a longer trend? I decided to buy a little yesterday, lets see.
Possible Wyckoff distribution here on Wayfair. Seems logical they may suffer with all that is happening in China. Wait for the breakdown to confirm.
Shitperp breaking out against shitperp. Hence I'll be favouring defi tokens for the coming months. My favoured bags include: AAVE, COMP, CRV, SNX, UNI, SUSHI, BNT, KEEP, SPELL, ROOK, ALCX, BADGER, FOLD
Top tier psychedelic company, doing amazing research to help the world with the help of those magic little mushroom friends of ours. Who wouldn't buy into this? ...Well quite a few people at the moment, as it is still unlisted on a major exchange, hence we should see a nice bump upwards when it gets listed on the NYSE and the hype grows. Long and strong!
Looks like we could get a pop here on VELA, so i'm in for the ride. Don't know much about the company, so just playing technicals here.
No rocket science here, just a straight forward break of the downtrend. Now looking for strong bounce off trendline retest with a bitta volume and we'll be away. Target: Moon Will scale out on the way up, but this has potential to run up pretty far.
Argo about to break up, target 1.618 extension for 1/3 R/R. :)
Whilst I am quite sure this will be lower with time, there is a small chance they pump it up to take out shorts before letting it drop. Hence, best to enter short the highs, with a stop above, or wait until the 173 support breaks.
The simple ideas are sometimes the best ideas. Long term play here, so no need for lots of technicals.