The script lost close to 50 percent of its price from the beginning of this year. After falling near to 250 levels prices have been consolidating with an upward bias. If the upper end of the current consolidation range is broken the prices can test 340-360 on the upside. However it remains to be seen whether the prices will be able to close above these levels...
I think that we have more up to go for in the coming days/weeks and to extend a bit following the Q1 earning call on 29/04 however all these gaps down could see a closing in the coming months with the Q2 numbers and the depression hitting for a second wave.
Let's be realistic, printing money won't play the part for much longer, bankruptcies everywhere are...
Overshot 0.618 fib plus hit the lowest of 2020.
GF1 Nevada being classified "Essential" , GF2 NY reaching 1000 roofs production per week, Model Y deliveries starting, 1,000,000 vehicules which translate in over 105k production in Q1... a lot of good news in the past few days!
As usual I don't know what I'm doing.
Bank Nifty has created double bottom on hourly charts. One can long bank nifty with target and stop loss suggested on the charts.
Trailing stop loss should be followed if target hits as bank nifty also looks oversold so a technical bounce back is expected.
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I recommend to Buy Nifty for short term at current levels. However one can wait to settle the price, although a sharp technical pullback is expected of atleast 33% of the swing low. Support for Nifty will come from 10100-10200 range.
As the 150 day exponential moving average is still upward sloping and above the 200 day exponential moving average i don't think...
Bitshares is currently very undervalued coin.
Theres an oppurtunity to get into this.
Buy Bts between 1710-1630
First Target:- 1755
Second Target:- 1809
Third Target:- 1852
Fourth Target:- 1900+
Stop loss:- 1590
Invest at your own risk. Profit is yours and loss too.