Atualizado
The pattern for Blockchain Foundry may repeat again
After a long phase of accumulation the stock of BCFN came to life in the beginning of 2021 and blew through 0.50 CAD. I analzed how it behaved before that and saw that it already followed the same pattern for 2 times. If the pattern repeats again the next pump takes us slightly above $1. When will it happen? Well, i don't know. It may take several months until the market is ready for this move.
Nota
The 283 % increase i always measure after a "double bottom" on one of the red trendlinesNota
In my eyes, the best buy opportunity may be while the price dips in between the second and third red line.Nota
This is my first analysis. I know that some things like the 1h chart are not optimal. Tell me what you think about it and have a nice day! :DNota
Looking good so far. Let's bring it down to arround 25 cents to confirm my pattern. After that i think we are already in the accumulation zone for the next wave :D Also a bounce at arround 25 cents would be the confirmation of the previous high in Aug 2020 and this makes the upcoming move even stronger. Have a nice day and don't miss out to buy the dip :DNota
At the current speed the stock price is falling i maybe see it going below 20 cents for a short period of time. I looks like the current rise is completely beeing dumped down.Nota
Candlestick Chart shows us that my target from yesterday of 25 cents was hit. We immediately saw it bouncing back from that level to over 30 cents. I measure a total drawdown of 55 %. Decide yourself if my pattern was already completed or if we need to test it again. You can use a fibonacci tool. When i started this analysis, i did not think it would go down that fast.Nota
Lets see how the market behaves next week. If you want to buy in i suggest you to do Dollar Cost Averaging (buying in tranches) over a few weeks while the price is within a reasonable range.Nota
23 cents (CAD) this week? What do you think?Nota
I think 25 cents was a healthy retracement and close enough :DNota
It goes way faster than i expected. BCFN outperformed all other blockchain stocks today! I Am so happy :D
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.