Pendle did not bounce on the 100 EMA like I expected, the token is now deep into the daily demand zone. For longer term minded people this is definitely a great buy zone. I did add the start of a weekly demand zone as the dashed red, this is my next target. We could stop here, for traders we look to a break of the down trending resistance line.
RNDR is staying above 11$ which is extremely bullish here. Multiple tests of this green fib has already occurred. You can see a wick to my previously marked area of resistance on my last chart, this needs to be overcome. The next key area is previous all-time-highs, once we reach price discovery again I think 18$ comes quickly.
I am expecting oil and Oxy stock to bounce here. Oxy finds itself on the 100 EMA which serves as support on pivots and overall up trending assets. A historic bottom of the stochastic RSI is marked in dashed red as well. This stock is very oversold here after the tremendous rally. This is actually my best trade of the year, those 70$ Jan 2025 calls made me bank and...
BTC production cost doubled during the halving. This is part of why I think it will be very difficult for price to be suppressed for very long. Smart miners simply would not allow any additional supply to be released far below this price. The best miners have cash and BTC reserves as well. This wedge should break to the upside soon, if not the cycle will go MUCH...
Pendle has bounced of the 100 EMA 5 times in the last 6 months. I expect this to happen again. What happens after the bounces is up to BTC unfortunately. This could be another short-lived pump, or a building block towards all-time-highs. Regardless I think we test 5.1$ off this bounce, PENDLE has also dipped perfectly into the daily demand zone (rectangle)
SNS is moving sideways in the daily demand zone on falling volume. I still expect this to breakout within two weeks, there is now a ton of resistance around 8 cents. I think we see a repeat of the move we saw in March here since the market cap is so small.
Super rode into the weekly demand zone on this previous dip and still has more opportunity. Weekly demand zones are much more reliable than daily as they are 7x the price action history. The fact that this is only wicks is pretty bullish to be honest. We are currently sitting within the daily demand zone before that most recent run up. This is the handle for the...
This token was initially called out by my colleague. After some research I did add a small position around 40 cents. I then threw the majority of my position around 1.2$. With the AI hype we thought it would be smart to try to latch on to an existing Ai focused token, we went with RNDR. With the plan to move to a faster chain, existing infrastructure in graphics...
AKT is prepping for a huge move as I look back on my old cup and handle setup from a while back. The upside projection remains between 7.9$-12.1$.
SNS on Solana dipped down to a weekly demand zone twice building support and is blasting off. This token is pressing up against resistance and I expect a huge breakout here. This was one of the strongest rallies after the big altcoin dip. I expect 11 cents soon given that we have some price action in that region. Just have to work through the 8 cent...
Sideways channels are generally more reliable than diagonal channels. After wicking to a weekly demand zone, Near finds itself in a large range from early March. A large amount of resistance is in its path which I circled on the left side. This may be why you see wicks attempting the topside of the channel with no candle bodies. Once this area is eaten away I...
RNDR wicked perfectly to my downside target which was the prior cycle high. A strong reversal is noted and almost back to the momentum trend line. The weekly stockastic RSI is starting to point upwards signaling a macro reversal. I still plan to hold my bags until 20$ and sell 25% there. We still need to retake the green fib which is about 11.5$.
This is a quick update on daily vs weekly demand zones. I also kept my demand zone from the past that was noted from May 23'. We are at the start of the buy zone on the daily. I did look back and we are about at the average correction for a bull market correction for tech driven indices. I believe this stops soon if Apple and Amazon earnings are neutral or...
PM has formed a massive multi-year wedge. With ZYN products performing so well and earnings positive I expect this to continue. This traditional stock generally does not move very much and provides a nice dividend. My plan is to average down into Jan 110$ calls towards this golden fib for a hopeful bounce here. This stock should also perform well if we announce a...
BTC continues to range and could meander around the previous recent price levels for quite a while. Some very intelligent quant traders I follow say this could be upwards of 50-60 more days like this. The red downward trend line needs to be broken with supportive structure for me to think this is an upside move short-term. This type of contraction is bullish...
This will be the most important earnings report in Sofi history. Since becoming profitable if the company can cement another profitable quarter the market will most likely be very happy. Sofi has been stuck in this megaphone pattern since last September. We need to retest this red resistance before a topside of the megaphone to be tested. The topside profits just...
Crude oil is tapping a weekly demand on a wick today, I use this chart to assist in my OXY moves. This would be a decent zone to add to an open position. I circled the candle I used to create the demand zone for educational purposes. I like to take the bottom wick of the red candle leading to a rally and end the demand one on the adjacent candle body towards the...
PEP had a strong bullish engulfing candle today after a small selloff on positive earnings. I did enter the position with some cash on my last charge post for PEP. Fundamentally I think 192-200$ over the next year sounds reasonable. This is not going to produce astronomical gains, but reasonable and safer gains as we approach recession territory. I believe the...