Hi YXI friends,
Please review today’s chart analysis on NVDA, MSTR, COIN, NFLX, and ASTS.
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Table of Contents
S&P 500 (SPY ETF)
SPY Last 20 Sessions 5-min Returns
There has been a lot of aggressive selling between 10:45 and 11:40 am in the past 20 days. 13:00 and 14:00 also see sharp downward pressure points
1) NVDA
NVDA could be starting its wave (v), as its price action remains within the upward channel.
2) MSTR
I have been cautious on MSTR since early August. The green support-turned-resistance price region remains the biggest hurdle in the near term, with a significant volume profile.
2.5) Promotion: Crypto ML Signals, Advanced Analytics
Crypto Machine Learning
I run a daily machine-learning model service on Slack for Bitcoin (BTC), Ether (ETH), Solana (SOL), Coinbase (COIN), and Robinhood (HOOD), hosted by Cestrian Capital Research.
Liquidity and Market Analytics
I have also been using advanced crypto analytics for crypto (including alts) on RJ Alpha Dashboard. I am their first official business partner.
3) COIN
I am flagging Coinbase today as it nearly touched the bottom of the Ichimoku Cloud. We saw the same price pattern in September - November last year, before a 100% rally.
4) NFLX
NFLX failed to stay above the 50-day MA. It appears to be in a wave c of 4 retrace that could challenge below $1100.
5) ASTS
ASTS could be in a wave iv pullback of the larger degree wave (v). It could go down to the mid-$70s to complete, before trying one more high in the $110-120 region.
Referals
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