Interested in MSOS as a cannabis fund that is entirely focused on the US domestic market. With the new administration and possibility of federal legalization this is a long-term growth opportunity. We're looking for a solid entry point and can see that the MACD is signaling a reversal from the recent fervor. Potential entry levels are indicated. The $46 range is...
This BTC rally has had incredible momentum, and many have been anticipating a price correction that keeps eluding us. I'm keeping my eye on a potential H&S forming at the recent BTC tops. Still waiting for confirmation at the neckline around 30k. If we break below that, I'm looking for a dip to the 24-25k range, where there was decent volume and consolidation in...
Lend looks due for a correction. A clear rising wedge pattern is forming in conjunction with decreasing volume and a downtrend in the MACD. Looking for a ~30% drop to around $0.10. To see the significance of this level you must look far back into Aave's history: A bounce from this level (turning resistance into support) would be a strong bullish sign for LEND...
Cardano has retraced a full 78% of its gains since March. Now it''s bouncing off the .786 fib and showing a strong H&S pattern. If the neckline is broken, we're going to continue downward, to .00001150 or so
ICX looks like it could break out soon. Can see an ascending triangle pattern forming on the 4hr with a strong upward trend, confirmed by the strong support shown in the ichimoku clouds (crypto settings). Additionally there's a golden cross forming on the MACD, and a bounce off 40 on the RSI leaves room for movement.
Looks like it's time to get off this train.
Watch for a trend reversal in the buy zone, look for target 1. If resistance breaks, look for target 2.