Market just finished 1 to 5 Elliot Wave Theory and we are forecasting ACB correction will bounce at the bottom of unfilled orders and reach the bottom of accumulation zone.
Entry: 40
Target: 60
Invalidation: 31
I know everyone's bullish following the announcement that Elon wants to buy $TWTR, but the chart still doesn't look bullish.
The candle last week sharply rejected the $51 level which is the level price action originally broke down from, which now sets up a move lower.
I think the most likely scenario from here is that price sweeps the lows. And falls to between...
After being a staunch critic of Twitter for years, Elon Musk has acquired a 9.2% stake in the company for an estimated $2.9 billion in a deal that is widely seen as an attempt to shake things up at the social media platform.
Twitter’s stock surged 27% on April 4 following the ownership announcement.
Currently the world’s richest person with a net worth of over...
If you haven`t sold TWTR at $65.50:
then you should know that Elon Musk just took a 9.2% stake in Twitter valued at close to $3 billion as of Twitter's closing price on Friday.
With 80.2Mil followers, Musk has the 7h most-followed Twitter account.
That being said, Twitter remains an unprofitable business since its launch.
Strong resistances at $48 and...
Twitter - Short Term - We look to Sell at 38.01 (stop at 39.89)
We look to sell rallies. Our overall sentiment remains bearish looking for lower levels. A Doji style candle has been posted from the high. Previous resistance located at 39.00.
Our profit targets will be 32.49 and 29.88
Resistance: 39.00 / 45.00 / 50.00
Support: 32.00 / 30.00 / 25.00
...
Hi,
Just an idea to look for the fundamentals of Twitter. Technical analysis suggests that TWTR can see a short-term rejection from the shown area.
Criteria:
1. Strong areas around the current price
2. The trendline (not the best one but still there)
3. Channel projection
Do your own analysis and be cautious!
Regards,
Vaido
If you considered this short call signal at $65, then yes:
Twitter is now close to its 2013 IPO price $26 per share. Just that the stock debuted on the NYSE at $45.10 a share.
So you can buy it lower now.
I would think twice, though:
The company is not profitable and its co-founder, Jack Dorsey, has stepped aside as the company's CEO.
Twitter can also lose...
We are bullish on twitter, after completing wave (y) in the minute green degree of which the downward move began in about mid-July 2021, this move has seen twtr move lower to the bottom of the channel as low as $41.00. Now we expect twtr to resume the bullish cycle of wave 3 in the red minor degree to at least about $167.00. This drop has presented us with a good...
Hello friends, today I am completing a technical analysis on the 1D linear scale chart for Twitter Inc ( TWTR ), traded on the NYSE.
#CryptoPickk notes the following:
1) Twitter price has been falling for multiple months after the price met an all time high around $80. It has been supported in the past by a multi-year trendline (in red).
2) Based on the...
Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers.
Can we expect a retracement to that area because of TRUTH Social gaining momentum and market share?
Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger...
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LET"S SEE HOW THIS PLAYS OUT!!
It is fun to see the exact type of formation repeat itself on a larger scale. I would love to get input, thoughts and comments on this as i am always looking to improve.
Remember, this is only published to share my view and analysis!!!
Always do your own due diligence before making any trade.
This is very overbought, even on monthly RSI which makes a retrace likely. Also it is equal to previous all time high levels and so far has not been able to break above this resistance.
For a target TP 0.618 Fibonacci aligns perfectly with previous structure at $56.11. First we need to see more rejection from resistance before entering a short.
According to the scenario, the correction to the demand area is falling and it is suitable for buying, which you can buy in two places. Targets are marked on the chart, it looks like the token is scalable
Twitter is setting up nicely for a move to the upside. We remain bullish on twitter.
* This is just free advice, not financial advice. We love sharing what we do.
