TheDrivenTrader

TheDrivenTrader

China is expected to focus on online eduction amid the recent Covid shutdown, but it appears the shutdown will not be as stringent as in the first major outbreak. I believe the price action is more likely due to end-of-year transactions by institutions. TAL has a high float and I don't see retail being the main cause for the recent volatility, even the market...

TheDrivenTrader

Huge rejection at the 50 MAs, but the drop was mostly caused by overall market reaction to inflation. Will SLGG continue to rise leading up to ER? Anything between today's close at 2.17 and 2.22 is a strong buy, with 2.17 being the stop loss.

TheDrivenTrader

With the combination of Omicron's affect on the market, the sudden urge for tapering by the Fed and the 10K+ drop in BTC, ANY is one of the most hammered stocks. ANY has dipped below the 30 RSI and crossing the 0.236 Fib line. However, when you include sentiment and the fact that ANY is still a bitcoin mining play, the technicals are indicating a strong buy. ...

TheDrivenTrader

AMC concludes its cup and handle and has good catalyst to cross above the peak of the formation.

TheDrivenTrader

AMC rips above the 0.50 fib line and gets rejected near 0.382. Either the momentum will carry AMC above 48.00 and squeeze, or it will channel between 40.00 and 48.00 for new higher lows. Either way, congrats to everyone who's held on, and to everyone who's weathered the storm and bought below 38.00. Blue skies is all I see!

TheDrivenTrader

Ticker symbol $ANY has been trading sideways btwn 1.00 and 5.00 since early 2018. The 5.00 mark is the psychological upper bound, and ANY has failed to stay above it in the past. Can ANY finally break through 5.00 and hit its next resistance at 7.00? There's a few things going for ANY that will help it revisit 7.00 and beyond. It has real catalyst! ANY is a...

TheDrivenTrader

Can XELA break levels of resistance set back in 2019? It has the volume, the sentiment and the technicals (i.e. short interest) to move higher prior to earnings. Xela is steadily moving through a historical level of resistance with strong volume. XELA is highly shorted, attracting traders playing it for the short squeeze. As long as people are buying,...

TheDrivenTrader

It's been awhile since I made any analysis on DOGE . DOGE is looking strong with good catalyst. Elon Musk backtracks on Bitcoin and now accepts it as a form of payment. Coinbase has made DOGE available to its customers, which also allows people who use Shopify to pay for products and services using their DOGE coin. The recent news might be enough to bring...

TheDrivenTrader

AMC's been systematically hammered by Wall St, a term that includes all banks/firms manipulating the price downward . It's touched the 0.618 fib line (~33.00) and bounced off it with equal energy. Kudos to everyone who's waited patiently to load up according to the fib lines! This is no guarantee that AMC will shoot back up to 50.00+, but it looks very promising.

TheDrivenTrader

ANY on a bullish run and recently crossed above 3.00 with volume. Trendline drawn is from historical highs since 2019. This low floater is looking to rip above this trendline and meet a level of resistance at ~4.30.

TheDrivenTrader

Larger than normal RVOL can send MRIN above the SMA 200 on the daily and hit a trend line at ~2.50.

TheDrivenTrader Updated 

Critical moment for the technical analysts following AMC. The 1 hour EMA 50 line is currently at ~52.95 and price bouncing between 50.00 and 53.00 for the past five hours. Price is currently confirming a downtrend below the 1 hour EMA 50, which might be important for those traders who use this as a key level of dynamic support or resistance.

TheDrivenTrader

The entire crypto market has been taking a brutal beating, but this week might be the beginning of a healthy retracement. DOGE is crossing above the 20 SMA on the 4 hour and making higher lows. It'll be nice to see a natural pullback to the 0.40 - 0.50 range by the middle of the week. If all goes well, DOGE could revisit 0.60+ within a month or sooner. This...

TheDrivenTrader

AMC broke its high set in the previous short squeeze back in January 27th. Unlike the price action back on late January, AMC is not in a short squeeze. There are still a huge number of shares being borrowed against AMC. We just need to keep holding and make it more expensive for these firms to bet against AMC. Before we see a meteoric rise, we must first...

TheDrivenTrader

After an amazing 2020, I expect the distribution phase to last throughout 2021. TRIL's last update stated the following: Trillium expects a robust flow of new data updates and multiple catalysts in 2022. As of March 31, 2021, Trillium had $276 million in cash, cash equivalents, and marketable securities, sufficient to fund operations into 2023. Next...

TheDrivenTrader

DOGE is nearing the end of its triangle on the 4 hour timeframe. The next four to eight hours should provide some confirmation as to where it's planning to head for the rest of the week. DOGE is still outperforming Bitcoin ( BTC ), and it's moving in tandem with Ethereum Classic ( ETC ). Always wait for the breakout of a pattern to take the trade.

TheDrivenTrader

Doge rode that downtrend channel for a day, had its exhaustion, dipped back but retraced above the bottom of the channel. Classic breakout! Now it appears Doge is in a bull flag. Again, no guarantee Doge will rise or fall, but the price action is currently bullish.

TheDrivenTrader Updated 

Never assume price will rise or fall. Play the chart, buy support and be quick to close if it fails. Look at multiple timeframes to find MAs and/or trendlines that act as dynamic support. In this case, it's the 1H EMA 50.