A BIG MOVE IS COMING FOR ETHEREUM
The weekly RSI printing under 32 on $ETH has identified the bottom of every bear market for Etherum. Since ETH creation it has resulted in 100%+ moves every single time in the short term and multiple baggers in the medium to long.
The only time this was not true was March when it rallied a soft 44%. If you wanna complain about 44% go for it
IMO this was a liquidity sweep given how close the current rsi is to march to bring doubt and cause capitulation.
We are curling on the RSI basing on the 6 year ascending support. 🚀🚀 soon
#Alibaba is down 70% form the october 2020 high and down over 50% from the peak last october.
It is now getting into a region where a buy looks very interesting.
The whole region from 70-95 has a lot of support so anywhere in here would be a valid buy IMO. If you were planning on holding for the medium-long term, now might be a good time to start.
BUT, for me 86.86 is the level I am waiting for. This is horizontal support and the point of control (largest volume node) of the last 5 years. It will also align with the green trend line. If it did drop further, I will add at 80 and 71.
After a drop like this, I have no interest in shorts but if it got up to 117 then thats the first level I think is a possible short trade.
$BABA #stockmarket #trading #investing #stocks #stocktips
.@Etherealize_io CEO @VivekVentures forecasts a major repricing for Ethereum, citing a path toward a multi-trillion-dollar market cap and a $15,000 price target for ETH.
Canada’s new “Canadian Identity” minister @s_guilbeault just deceived Canadians saying we don’t need more pipelines because the TMX pipeline is only 40% full and peak oil will be in 2 years.
The facts are that TMX, which just opened and would have been built entirely with private dollars if Ottawa hadn’t made it impossible for the original proponent to build it, is already close to capacity.
Further most estimates of demand for bitumen shows it growing for several more decades and that it will be needed to replace declining U.S. conventional oil fields.
This is just another example of how misleading and destructive this former environment minister was to Alberta’s and Canada’s economy and investment climate.
We ask for the new environment minister @juliedabrusin to disavow his comments and commit to working with Alberta to build new pipelines to access new markets.