velocitylabs

velocitylabs

Dogecoin is currently a symmetrical triangle but with the MAs acting as support right below the bottom trend line I think that even if we break down it'll bounce or consolidate at the MAs, giving me time to sell if anything.

velocitylabs

DXY is respecting this fib fan pretty well, but with the 200 SMA (blue line) and 20 SMA (red line) converging at the .382 fib resistance, it's possible that we see another break up to the 93.5 level.

velocitylabs

Visa has been forming a big wedge since the COVID crash back in March 2020. I'm expecting this to break up, but it can go either way. This is something to keep an eye on as a break would likely be fueled by news and would be massive.

velocitylabs

DHR looks like it'll drop to the 0.618 fib at $215, which is well within the 2 standard deviation channel. I'm expecting a bounce at this level and a continuation up to the .382 fib, which would be about a 5% trade. Also note the double top at the $250 level, if you are long on DHK it's not a bad idea to take profits slightly above that level when the time comes.

velocitylabs

DDOG looks like it'll keep moving in this channel either until we have a fundamental catalyst (news) or until we inevitably see a break and retest, which would pose as a good trade opportunity.

velocitylabs

Bitcoin has been consolidating in a narrow range for the last few days, and as we know there is only one way this consolidation ends: with a big move. In this case I believe the white curve will be respected and that bitcoin will make a big move up, possibly taking out the old all time high. End of month target 68k!

velocitylabs

HD, or Home Depot, broke out of a strong channel today. This is very bullish, and by taking the mouth of the channel (the first purple rectangle) and moving it up to the breakout point we get a breakout target of somewhere between $300-$306. I personally went long here and will take profits around $299.

velocitylabs

These are some basic ADA fib levels. This is a retracement but I did put a .111 extension up for the all time high level.

velocitylabs

This is what I see for the 10-yr: a parabolic- type move as repo rates go negative and banks go short on treasury bonds. As of right now there is nothing stopping the yield form going to about 2%, although I do believe the Federal Reserve will intervene before that happens.

velocitylabs Updated 

Broader markets fell today for two major reasons. Mainly, the 10-yr gapped up 6% prior to market open, which when combined with a stronger dollar created a scary situation for investors to pulled money out of the markets to build up cash positions. The second reason was the behavior of crude today- crude is the life blood of the military-industrial sector as well...

velocitylabs

BCRK is at the support zone of a critical bull flag/symetrical triangle pattern. If and when we see a break either way I will take the trade in that respective direction.

velocitylabs

DXY broke down out of a rising wedge, expect further bearish momentum. This is market positive.

velocitylabs Updated 

COMP broadening formation. The red trendline indicated a resistance level and the two green trendlines indicate the support level rang. If this is respected expect to see a $400 COMP soon.

velocitylabs

BTC double bottom followed by a large pop. I wouldn't be surprised if if pushes up to 59300 again.

velocitylabs

I expect SOLO to follow the red trendline, and if it were to make a move up the volume shelf would post as resistance- the bottom of the shelf around $7 and the top around $8. However if SOLO were to break above this volume shelf that would be extremely bullish.

velocitylabs

SLV looks like it'll keep respecting this trendline, expect continued momentum.

velocitylabs

$CAN looks like its in a wide uptrending channel, and using the fib timezone tool on a key trendline support and gap I was able to locate some key potential gap days (as seen by the vertical blue lines).

velocitylabs

FSLR (fisker motors) is breaking down from a huge wedge. This is a bearish signal and I wouldn't touch the stock for now.