Closed below the downtrend. Several weekly and monthly levels have been already tested before. If we close above the downtrend in the coming week, expect the price to reach the untested weekly levels. Massive fiscal stimulus over the weekend and the Dow closing on the green on Friday might keep the Bears down earlier in the week, but the bad news and the panic...
XAO closed just above long term trend support on a weekly. Just for some perspective, there was massive fiscal stimulus both by the FED and RBA in the latter part of the week. The ASX went down by -8% and finished the day up by +4%. That has never happened before. Ever. The pump conveniently occurred late on Friday, just before the close of weekly...
Keeping it simple. Monthly resistance @6618--> next test: More outbreaks, Geopolitical tensions, Lower forecasts, supply chain issues, Profit taking, Uncertainty Strong support @6380 --> Thanks to : helicopter money(eg- Hong Kong), Interest rate cuts, ' Buy the dippers' . Not a trader(yet). Purely sticking to fundamentals of the companies I own/want to own.
First successful crypto trade Vechain. All about the levels!
Cardano. Still a baby to this. #documenting
Class limited was clearly overpriced at IPO. Fairly valued in my opinion and breaking out of a downtrend. No debt Fantastic ROIC Growth 10-14%
CGF looking vert bullish. Broke some key levels and heading up! Let me know your thoughts. GLTAH.