Has $CGC found its new floor, around $25? The last few quarters have had extreme upsides in the month leading into an earnings report. It will be interesting to see if history repeats, as next week marks 1 month until earnings.
$TSLA required a slight realignment of the rising channel however the cleanliness of the channel is still undeniable. The horizontal support/resistance is hovering above the current price point, so this is the important point to watch with interest.
The NCLH chart is probably looking more healthy than it's balance sheet suggests it should. The entire cruise line sector continues its back-and-forth with the CDC on when they can get moving again from US ports; but for now it looks like everyone is settling on the great American tradition of loopholes. Just fly to Europe and go on your cruise from there....
It's interesting that the 50th anniversary for 420 day coincided with a retouch - and bounce - on the support zone for Canopy. There has been a fair bit of good news coming out for CGC recently, but some of it's shine looks to have come off as the WSB get-rich-or-get-homeless crowd has moved to the next big thing. Where will it go from here...
BTC is now at it's lowest RSI in over 6 months; with strong indications that it's bearish divergence has now played out. The overall trend is still - technically - up, however we are teetering right on the edge of the -3 deviation threshold. Bulls need to find volume, and find it fast. #crypto
BTC is frustratingly on the edge of a breakout, but like Sting it just won't finish the job.
This is an entirely hypothetical chart, and it is FAR too early to make predictions like this. But... Volume is dropping, and we are currently curving out and away on a lower high. This has come off a drop below the short term rising trend line. That is to say, we have all the ingredients of a Head & Shoulders pattern. Is this the end times; or will the...
Let's see if $GE rallies in the days leading into the next earnings period. This is definitely one to watch!
$𝐀𝐀𝐏𝐋 𝐓𝐎𝐔𝐂𝐇𝐄𝐒 𝐓𝐇𝐄 𝐁𝐎𝐓𝐓𝐎𝐌 𝐎𝐅 𝐓𝐇𝐄 𝐂𝐇𝐀𝐍𝐍𝐄𝐋. RSI is at a low point, the Fibs have lit up - and now we are at the bottom of the channel. All it takes is a little bullish volume and this will be back to new highs.
$XLM has returned to the bottom of the channel, with RSI around it's low point as well. If volume comes in, this could be a great play. #crypto
$TRX breaks out through the top of the channel...again. Will history repeat? #crypto
$THETA has hit the top of the channel, on falling RSI. #crypto
NANO volume is ticking up; coming off the base of the channel. One to watch. #crypto
Decred is on the bottom of the rising channel and also poised for a local high watermark breakout. One to watch... #crypto
𝗘𝗩𝗘𝗡 𝗔 𝗗𝗘𝗔𝗗 𝗧𝗘𝗦𝗟𝗔 𝗕𝗢𝗨𝗡𝗖𝗘𝗦 𝗙𝗥𝗢𝗠 𝗔 𝗕𝗜𝗚 𝗘𝗡𝗢𝗨𝗚𝗛 𝗛𝗘𝗜𝗚𝗛𝗧. Will it be able to recover, or is it on an autopilot crash landing?
𝗘𝗨𝗥𝗢 𝗖𝗢𝗩𝗜𝗗 𝗦𝗣𝗜𝗞𝗘 𝗦𝗘𝗡𝗗𝗦 𝗡𝗖𝗟𝗛 𝗜𝗡𝗧𝗢 𝗥𝗢𝗨𝗚𝗛 𝗪𝗔𝗧𝗘𝗥𝗦. We were so close. Some cruises had tested a soft reopening. Most were looking at a mid-2021 relaunch. But despite a heavily accelerated vaccine program, COVID isn't ready to let go just yet. Extending the channel bounds to +/- 3 deviations; we can see that - although very volatile - the channel is beginning to...
𝗕𝗜𝗧𝗖𝗢𝗜𝗡 𝗥𝗘𝗖𝗢𝗩𝗘𝗥𝗦 𝗢𝗙𝗙 𝗟𝗢𝗪 𝗥𝗦𝗜. Last week, BTC flashed below the rising channel. This week, we start with a recovery and some relief. RSI was down to it's lowest point from throughout this rising channel, so it is not surprising that we saw a bounce here. That being said, it is clear that the look of the pattern is changing. We are seeing falling volume and...