Here's a closer look at the current HBAR chart, and where it's at after the recent breakout.
XRP is exhibiting a very nice bullish divergence on the daily chart. HODL!
LEVER is one of the lower price cryptos that I like to trade on a regular basis. It's now showing a strong bullish divergence on the hourly chart. When this divergence corrects, it could be the backing LEVER needs to punch up through the upper trend line of the wedge pattern that is nearly at its end. I'll be trading it to the upside. Good luck, and always use a stop.
XRP is arguably the most hated crypto in the space right now, but it's forming a very nice inverse head & shoulders pattern on the hourly chart, and has just crossed the neck line. We could see a really nice rally right here if it holds above that neckline, if so, it may pull back to it, then bounce off it like a trampoline. Other cryptos have been having nice...
I posted a previous chart that surmised a potential cup & handle may be attempting to develop. Now that the recent breakout has pulled back, it has given us the ability to determine the height of the cup, and the pullback will also help us to determine the potential depth of the lower trend line on the handle. The white dashed line is my estimate of the general...
This is an expanded version of the previous HBAR cup & handle chart I posted. This one includes a date moniker, and an expanded u-shape to help judge the overall time frame involved, assuming the chart pattern plays out.
MONERO is showing one of the largest bullish divergence gaps I've seen in a long, long time, after dropping about 40% in a day. This was obviously a coordinated attack to manipulate the price of XMR, as it is hated by the power's that be, because it can not be tracked, traced or controlled by their corrupt ring of criminal governments. Their pathetic attempt is...
XRP has dropped below the bottom descending wedge trend line, and is now in very dangerous territory! If price fails to get back above the lower trend line, it looks like XRP will literally sh@t the bed, and fall off a cliff! If this is the case, we could see XRP in the lower .40's quicker than you think. Selling into the market by short's opening short...
Media companies have been getting the pants kicked off them lately, and NWS - News Corporation is at the top of an all time high on the charts, which may provide an incredible opportunity to capture a very sharp decline in the price. Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could...
PURPLE, yes the mattress company, has bee getting hammered for a while now. Their stock price was mile higher than it is now, but it looks like the bottom may just be in. And, it's gone down so much, compared to what it used to be, that the risk involved in investing, or trading it has decreased as well. Keep in mind that this company is extremely subject to...
Flare has been a sheer and utter disappointment to everyone who has held it so far, but it looks like it may be setting up for a decent move in the coming months.
Why everyone is distracted with the Bitcoin ETF, that's been a complete disappointment so far, and XRP, which has been a perpetual disappointment for quite some time now, ALGO is setting up for a move that's going to leave cheap prices in the rear view mirror! ALGO'S structure has the potential to make incredible gains, in a short amount of time. Here's a couple...
If the previous chart that I posted regarding GME doesn't play out as I hypothesized, this is another likely outcome. Prize rises slightly out of the wedge pattern, which will trigger many buy orders as many trader's would see that as a bullish sign, then sharply reversing, and dropping down below the wedge to the bottom (dashed) support line, leaving many bulls...
ACGL - Arch Capital Group is showing a slight bearish divergence on the weekly chart, and what could potentially be a bearish head & shoulder's pattern. I bought the March 15 Puts at $0.75 cents expiring March 15th 2024. Good luck!
SMCI - Super Micro Computer, Inc. has been on an absolutely incredible run for quite some time. However, the sheer amount of FOMO that has rushed into this stock has literally driven it to the moon on nothing but pure speculation. But that momentum is about to come to an abrupt end! Here soon, you're going to see the buying flip to selling as the shorts start to...
XLM appears to be working its way to the bottom trend line of the wedge pattern that has formed on the daily chart. If it does, it will likely bounce, and make a run for the top trend line of the wedge pattern. This could present many opportunities for day/swing traders, and make it easier to determine entry and exit points if it plays out. Good luck, and always...
FLARE (FLR) recently went from being hated by some to quickly being loved by most! Leave it to a crypto doubling in price to change investor sentiment in a positive direction. FLARE (FLR) looks to be in the mid-stage of building a classic cup & handle formation, which we are seeing in a variety of cryptos right now such as HBAR, ALGO, TRU, ONE, REEF, and a few...
ALGO (Algorand) has been forming a rather impressive cup & handle formation on the daily chart since mid April 2023. The handle looks to be nearly complete, and could breakout any day now. Anyone who knows Algorand is well aware of how quickly it can move when the volume is there. Either way, I'm a long-term investor who's already well into the green, and will...