APLD, BABA& ETH: Retreat or Recovery?
Hello everyone! Today i want to share some technical analysis with you!
1.
$APPLIED DIGITAL CORP(APLD)$ Fib extensions are just crazy. Almost a "to the cent" test of the 2.618 extension today.
This may be an area of resistance, but if price continues to defy gravity, the 3.618 extension is above at $32.18.
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2.
$JD.com(JD)$ I'm just going to keep doing what has proven to work well this year which is combining options flow with high probability technical setups. The complaining is right on queue with what I would expect when the trade doesn't work out exactly as planned. This simply became WAY too over crowded of a trade as many large accounts tried covering it all at once after the initial move below $31 which crowded it it big time.
3% down day, yet any meaningful flow, once again, at the ask was LARGELY sweeps;
It seems many people should not be in this trade as they cannot handle the patience or stomach it takes to be in a swing trade like this. I am happy to see the weak hands flushed out as that is how this will actually finally be able to move, just like with $Alibaba(BABA)$ .
Anyone remember how long it took BABA to play out from mid July to late August? Hint: It wasn't 2.5 weeks which is when I initially entered this trade at $30.75.
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3.
$Ethereum(ETH.USD.CC)$ Everyone freaking out about a mean reversion move as the lower indicators reset into bullish seasonality.
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