Allenvik

Allenvik

It is not looking good for the crypto market, despite my positive view over the total market cap chart, BTC is looking really bearish here. It is about to deep below the 61.8% retracement and below that we have some support at 20k and 10k. Using a simple ABCD harmonic projection, the end of it is around 10k... really depressing for the crypto community. Anyway, my...

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Despite our optimism, BTC is about to break down from this massive bearish rising wedge, most likely down of course. The lower end of this can be as low as 20k, saying that I rather think we will retest the lows in a double bottom fashion, unlikely, but possible. So I suggest that we will not breach the lower end of the FIB below 61.8%. Total market Cap however it...

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Hi, The sellout was expected and I presented a basic chart for BTC months ago based mostly on a macro view showing that. Now the same way I was bearish then, I am bullish now. I think in the year of trillion dollars per month printing, there is no reason why cryptos would keep selling here. As you can see in the Total Market Cap chart, we have not only hit the 50%...

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PLTR falling wedge reversal failed, now all its left it is last major support, at $21, if it fails, it will go down as low as $15 or even $10. It is following the EV pattern, of massive devaluation, from 50-80%. Retailer investors being slaughtered.

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The latest contraction, pullback, was a 50% fib from the latest impulse alright... the thing is... the high possibility of a deeper correction remains. We could revisit a lower 50% Fib from a lower impulse for example. I use the 50% as a guidance of an area of interest. Being more optimistic, we are looking around the 45k level, otherwise it could go as low as...

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I don't want sound as an alarmist here, but when you look at the monthly BTC chart, you can't deny the fact that is over the top already. 500% in less than 6 months, nearly 100% a month doesn't seem to be sustainable to me, the economy is likely to improve from now, there are talks about crypto regulations and so on, it doesn't matter much if regulations come into...

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Uranium suddenly came a life and U.Participation seems to be moving quite fast. I think it is possible that the stock moves in a similar impulse of its last push in symmetry, harmonics. If that happens the stock could go above the FIB projection lines, perhaps around/over $6 CAD. It is quite strong now, lets wait and see in the next couple weeks. I am changing...

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As it was expected, Nikola keeps moving to its ultimate destiny, of a penny stock. The technicals couldn't look worse for it, is likely to break the support line around $16.5 and deep to the lower fib extension lines, likely to stop around $8 bucks, by then $16.5 will be a resistance, and it would take a great deal of shenanigans to take it through. I tell you...

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NIO is having some consolidation, and it is more due to the massive growth in the EV market and investors cashing in unrealized profits before the end of the year, NIO is being sold with the rest. IMO the consolation is limited, there is too much interest in this company, accumulation is taking place, so I see 2 scenarios, the first is a sideways move for couple...

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With so much happening against Nikola this year, some expected it to be already in the single digits, nevertheless the stock still trading around $35 bucks. However I think that after this coming December the speed in which the stock is falling could accelerate, as major stock holders will be able to sell at will its shares locked in contracts until then. So the...

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It is clear by now that the Gold fantastic dreams of going to the moon in 2020 as the safest heaven asset are proven to be incorrect. Investors are heavily invested in the stock market and digital assets profiting from all the new printed money that is pouring in. For many investors, Gold is the easiest asset to liquidate from their portfolios. Selling gold to...

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I think the latest days have been amazing for ZOM, Truforma is coming in Q121 and so other solutions in the pipeline, the prospects for the company are very good. This team have been working for years and deserve a better company stock valuation now with their new developed technology. For the short time, I think the stock is likely to retest the 200ma, perhaps...

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NIO trend is very solid and strong, it has been performing above out expectations as it blew up out last 2 entrancement calls. Now it looks it will retrace a little, but is clear that the company is moving ground and the sky indeed is blue for NIO. I think it will consolidate a little here, with the range between the FIB impulse lines, I wouldn't get surprise that...

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Despite the multiyear lows in Uranium, it seems that stocks like U are not having enough capital to take it higher, in the opposite, investors are selling out to invest elsewhere, perhaps looking for more attractive yields. I think Uranium Participation will revisit much lower levels, perhaps around $3.5 in 6-9 months, until the whole Uranium sector changes...

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Oil Tankers have experienced a lot of uncertainties due to the pandemic in 2020, however it is clear that the worse is behind us. Oil it will slowly drift higher and so tankers like Scorpio will benefit from that. My primary target for STNG in the next 6 months, is on its immediate major FIB level, around $18. Let's wait and see how it will go in the next couple months.

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With a clear breakout, and with its new TRUFORMA product, almost ready for commercialization, ZOM is finally showing some strength that I think will persist for Q3 and Q4 of 2021, taking the stock to way higher prices. The immediate target is the 15 cents level, and then the 20 cents level, watch these. If these higher levels are taken, the stock could see a fast...

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Gold did its thing in 2020, the worse financial year since WWII, and I have to say it was nothing impressive. Investors pilled up in foreign stocks and digital assets, gold resembles more and more a pure commodity than a monetary safe heaven. Currently is hitting the 200ma, and for me it will keep going down, perhaps to retest lower levels, after that a long...

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AYRO is consolidating, the company is making some progress and the products seem to be very interesting with lots of application. IMO, the stock it is about to retests the lower FIB line. Let's wait and see.