Slothie

Slothie

1. Descending Triangle (Descending triangle pattern is 73% of the time a sign of upcoming bearish movement). 2. MA made a death cross Will possibly bounce off the resistance below. Overall looks very grim. Despite that, the possibilities of it going up again isn't zero, since Elon Musk has a lot of influence on this meme coin. Good to note that if it does...

Slothie Updated 

I just wanted to do a quick analysis on OCGN again on a very short-term scale. The RSI is too high for my liking to enter. I think it will possibly go down a bit until it reached the resistance at around 10.5 before moving up again. A golden cross is really visible at 1-hour chart, the MACD is showing a bullish crossover and the volume is extremely high (for...

Slothie

There has been a lot of talk about NKLA recently so I decided to take a look at it. 1. Broke out of a downtrend. 2. MACD bullish crossover. 3. Volume has started to surge in. 4. Golden cross at the 30 minute chart. The 14-15usd level seems to be a level of support/resistance for NKLA. It acted as resistance in March 2020 and in April 2020. But later on,...

Slothie

If you saw different ideas on OCGN yesterday, you probably stumbled upon my idea that I made before the opening hours. I'll just do a quick rundown of what I mentioned. - I suspected that the stock would be met with resistance at 10.3 because the RSI was too high at market opening. Just wait for the price to plummet from the resistance before going in. This...

Slothie

I have been hopeful that it would go up for the past few days but it didn't. I've now taken a step back and noticed that it's about time that it should go up. 1. The bullish pinbar from 5th of March resembles the one from 20th of April. The next 2-3 days (from 5th of March) showed a start of a bullrun (+239%). Already since the bottom of 20th of April to now, it...

Slothie

I heard about UWMC a while ago but never bothered with it because I didn't think it was time yet to go for it but here I am now :) 1. MACD shows bullish crossover. 2. Double bottom at 7,1-7,2 level. 3. There is a golden cross recently formed at 30-minute chart. I will wait for further bullish signals because: 1. It hasn't broken out from the downtrend yet....

Slothie Updated 

I did this chart 1 day before the outbreak. I didn't put much thought into it but I'm now convinced that I'm on the right track. 1. Golden cross is about to form with 200, 50 MA. 2. Broken out of the downtrend, looking very bullish from here on. I don't believe it's too late to join in now but do it at your own risk. 3. RSI is too high, so it will most likely...

Slothie

1. Broke the downtrend 2. Over 200 ma. 3. MACD shows a cross (12 and 26 period) and a start of an uptrend. 4. The RSI is starting to make a move after a whole month of no movement. I see a potential resistance at 48. If it breaks through that, it will surge further up. Not financial advice! Do your own DD!

Slothie

1. Death cross is forming 2. Broke out of the trend

Slothie

The chart says that it's an uptrend but it also follows the parabolic curve. A parabolic curve usually has 4 bases (The rectangles that I've marked). By the third base, the price usually doubles which it did in this case. After the last run from the fourth base, the price usually goes back down to catch a breath. I'd love to see it keep going up but I don't see...

Slothie Updated 

Looking good, touched the blue line and it'll go up now for a bit before going down again

Slothie

Since it's on a downtrend, it could go down a bit further but the pin bar is bullish so it could shoot up at any given moment.

Slothie

Seems like a double top has been formed.

Slothie Updated 

New to this, I'm open for criticism.

Slothie

New to this so I'm open to criticism. Thanks!

Slothie

Could go either way. Below 200ma and 50ma so it looks bearish. The head and shoulder haven't been formed yet. When it does, I suspect it will go full bear mode. Criticism is appreciated.

Slothie

First idea.