RossJohnson

RossJohnson

CSLT is reporting earnings today so this is fitting. Looking at the monthly chart over the course of two years you can see the downward channel it's been following. Due to a string of better than expected earnings, it broke up through a major downward trendline that was weighing it down. My guess is that they'll beat earnings today as they recently had COVID...

RossJohnson

Taking a look at the monthly chart you can clearly see it's been in a downward channel for the last two years, but recently... It broke that downtrend line, likely due to consistently beating expected earnings . *NOTE: Today is earnings day - they are reporting after market close. With a chart like that, the short term target is the Moving Average at ~$2.5. As...

RossJohnson

Cup and handle formation is nearly complete. A very bullish signal for RIPPLE.

RossJohnson

A head and shoulders formation is nearly finished forming (it's finishing up the right peak: shoulder). Once formed you can expect a drop of 1x the distance measured from the baseline (neck) to the head.

RossJohnson

Great entry point, just broke the downward trendline. At the very keast ride the 10% retracement back up, but I'm sure it'll go on to retest highs.

RossJohnson

see screenshot

RossJohnson

As far as short term and long term growth potential, Doge is my favorite out of them all.

RossJohnson

ADA is approaching the down trendline, once it breaks then we can see some new highs.

RossJohnson

Bounced off 50MA, the green line in the chart. Still bullish. We will meed to break that down trendline I pulled from the recent highs. Once broken then we can expect new highs.

RossJohnson

Breaking through resistance levels I mentioned in earlier posts. Bullish!

RossJohnson

We will know shortly which way it'll go

RossJohnson

see chart

RossJohnson

We will see shortly

RossJohnson

It broke the uptrend and I would be careful. Set a stop loss before going away.

RossJohnson

My previous rule was in play for the downtrend line it recently broke upwards through, so it's no longer in play, but it still can give some resistance. The resistance levels to look for during its climb will be approximately be (the MA numbers will change as the price moves): 50 day moving avg $0.0352 61.8% fib $0.0373 100 day moving avg $0.0380 Then it...

RossJohnson

Looks like a pretty bullish set up. Bears didn't manage to gain control and didn't manage to take it any lower.

RossJohnson

It looking bearish right now.

RossJohnson

we shall see...