SOFI's support and resistance is being tested, going to breakthrough. New resistance zone around $6.20 - $6.40 mark.
Rising channel and uptrend back in Oct 2022 until Dec 2022. New descending channel forms with a new resistance of $294/$295. Will continue to downtrend and will test resistance, if breaks through that resistance, entry between $300-$310. If not, expect descending channel to continue until at least earnings call in late January 2023.
Downward trend most of 2022, staying in particular channels. Potential head and shoulders forming, with left shoulder and head formed. If support stands, we can expect this security to test resistance, if it breaks through, there’s a lot of upside potential.
XLM has been on a steady downtrend since October 2022. This turning point started with the falling wedges forming. We see a consistent fall and testing support, which eventually turned into a resistance line (see. RL #2). A new resistance line forms around the $0.075 mark - which it seems to not breakthrough in the near future.
BTC is going to test support after bear run. Potential head and shoulders? So much to unpack and unfold. Confidence on this one isn’t as high.
$MCD uptrend Ascending triangle, met at height Decrease down to $230 any time back in next 1-4 months Re-entry ~$245 range I believe with the looming recession this is going to be a terrific stock, but I believe it will drop a little more before then.
Beginning of the analysis starts at the head and shoulders, with the expected downtrend to follow. New downtrend starts to form and new resistance line forms. Support from mature support line to be tested in coming 1-4 weeks.
Initial downtrend since March 2022 Support at ~$11.80 Descending triangles form New resistance forms New downtrend forming at ~$11.37?
Triple Top Expected reversal at TT Uptrend following reversal Solid support prev. few months
$MCD uptrend Ascending triangle, met at height Decrease down to $230 any time back in next 1-4 months Re-entry ~$245 range
Play here is technical, but a lot of backfire from regulation, compliance, lawsuits, and anti-trust issues may affect $LYV - as always, DYOR. • Resistance was set back in May 2022 at ~$100, had a few tests to break through but never could • Support @ ~$80 • Downward trend since Aug 2022 • Paired with a falling wedge • Additional descending triangles appear...
XRP has been under a lot of legal chokeholds due to the SEC and accessibility on centralized exchanges. This can be seen with a consistent support/resistance line that has been developing over the past 3 years. As the Ripple v. SEC case seems to be windling down, we may see a breakout similar to that in 2018, if not higher. Additionally, it is important to note...