Speculating how a bull run might play out for XRP... When you zoom out these large spikes really do look like repeating fractals. Rapid bursts followed by extended downward pressure which triggers the next burst.... kinda looks like it's due another soon. One other thing to notice about these is the increasing scale of them, specifically over the time axis... the...
Are we at the bottom or is there more downside to come ? currently sitting at $3.24 which is very near the all-time low of $3 This level has acted as a horizontaol support several times a decending curved support line appears to be levelling out. The daily RSI is in the oversold mark which has historically acted as a catalyst for an uptick For the past...
What's Going On: - Partial win for Ripple sends the value rocketing over 2x - SEC appeal and the value is right back where we started. - entire crypto market is affected by this What are the SEC appealing ?: Everything comes down to the application of the Howey Test to determine if an asset is an 'investment contract'. The Judge made a distinction between...
Hello, Thought it would be worthwhile doing a BTC post and charting it's progression to the fabled 100K mark (and beyond) , covering some key takeaways from the zoomed out view of it's 14 year history. 1. The Technology Adoption Curve: At the heart of understanding many modern innovations lies the 'Technology Adoption Curve' or S-curve. For example: Radios:...
A little idea for CRSP trajectory over the next couple years. Looks like an Elliot wave cycle has just completed and the next impulse is going to start? If correct would see a 5x return and a retest of the all time high - Currently in a noticeable 'dip' but is it the bottom, where else could it rebound ? - Weekly RSI is in oversold but could go down more.
Mapping out the key support and resistance levels for ALGORAND. Key Findings: + Almost everything that ALGO hit as a resistance on the way up during the Bull phase has been met as support on the way down. + Every 6 months when the Stochastic RSI has been in the oversold region it has coincided with a big correction in the opposite direction. Really large...
COIN has been stuck in a downward channel since it's IPO loosing 90% of it's value. However in that time there have been 3 BUY opportunities returning +50%, +50% and +100% respectively... and they all seem to appear at key levels based on 50% downward movements. Are we going to see some similar action moving forward ? so $30 and $20 levels might be key to watch.
Sorry I couldn't resist the title. Purely speculation that we might get a little upward movement back to the previous support line within the current downward channel.... Or I'm completely wrong and it's heading down to $14. Both the Daily and Weekly RSI are in the oversold territory...
Thought it might be fun to take a zoomed out view of META and massively speculate the price movement for the next couple years... will it get stuck in a channel down to its listing price and have a rebound from there ? or will it happen somewhere in between around the $70 mark, This is literally some lines drawn over a chart with absolutely no research done what...
The case for an incoming quick Sol rebound: - Stochastic RSI is Oversold on the Daily Chart - Horizontal support from a historic low/support zone from June 2021. Additional: Current low is 15.50 , maybe room for this to go down to 13.00 level, then I'm guessing an equally large move upwards as a rebound (+30%)? Purely speculation, it's dangerous to try and...
BABA is way down near it's All-Time low of $57. Weekly Stochastic RSI is in oversold. Seems to have clear horizontal targets to test on the way back up at $85 and $120. Will the 57 mark hold as support or will it ping lower to around $45. It's going to bounce somewhere and when it does it's bound to be a biggie...
At what point is RIVN a buy ? price is down 93% since it's overvalued IPO A descending wedge has formed Currently up 11% from it's all time low Will we see a breakout
I've got two opinions on Microsoft: 1) we have a repeat of the Dotcom bubble burst, giving a long period of sideways movement over many years while the global economy gets back on track and recovers from the energy crisis, ukraine impact, inflation, etc 2) we've reached the bottom already AND It's just going to keep going up while we enter the Web 3.0 era -...
Potential that this is a support level for ALGO. - Appears oversold on both weekly and daily Stochastic RSI charts. - bottom of a downward channel However - its already broken a previous long term support and the next 'obvious' one is quite far down , the previous All time low. I think if it hit that value I would be calling for that being the bottom. some...
Just checking potential key levels on the way back down with TSLA. Seen a few people calling out the $60 mark as the target bottom but is there potential for a little bounce from close to where we're at right now ? Pro's for a little bounce now: - Oversold on the daily RSI - Close to a horizontal support from a previous peak - hugging the bottom support Line of a...
With the news from the Bank of England saying they expected the longest recession since records began, I thought it would be a good idea to have a fully scaled out look at the stock market to see what that could mean for the future. Some questions I was asking myself: if you bought at the absolute peak of each boom and bust cycle: how much did it drop by? and how...
Possible we could see a major correction for Algorand
Based on previous fractals we could be due a big move up to £880. Potential for a correction first depending on how Bitcoin performs.