#BBIG - SHORT!!!!
Güncellendi
Here you go Javier, published just for you buddy!
Short on BBIG for a number of reasons, mainly technical more so than fundamental.
Technically speaking;
- Runaway gap formed during the Jan 2021 bullish move that was partially faded, but still left a gap between $1.60 & $1.95. 2 other minor gaps (Orange boxes) formed this year also, equating to THREE gaps in price total.
- Previous ATH was $11+, with bulls only managing to get it over briefly, and failed to create any relevant support to build on.
- Currently in a bearish wedge pattern, which if unable to reverse at this key $4 level, could result in lower levels being tested for support ($2-3).
MY ONLY BULLISH SENTIMENT is that at current price levels, we could see a new bullish wave form bringing price back up to meet the $5 or $6 levels again, which would coincide with my TA well.
So there it is, on an INTRADAY/TRADING mindset, im very bearish on BBIG, however, if my TA come through, i would be flipping my stance to a bullish outlook around the 1-2$ levels.
Short on BBIG for a number of reasons, mainly technical more so than fundamental.
Technically speaking;
- Runaway gap formed during the Jan 2021 bullish move that was partially faded, but still left a gap between $1.60 & $1.95. 2 other minor gaps (Orange boxes) formed this year also, equating to THREE gaps in price total.
- Previous ATH was $11+, with bulls only managing to get it over briefly, and failed to create any relevant support to build on.
- Currently in a bearish wedge pattern, which if unable to reverse at this key $4 level, could result in lower levels being tested for support ($2-3).
MY ONLY BULLISH SENTIMENT is that at current price levels, we could see a new bullish wave form bringing price back up to meet the $5 or $6 levels again, which would coincide with my TA well.
So there it is, on an INTRADAY/TRADING mindset, im very bearish on BBIG, however, if my TA come through, i would be flipping my stance to a bullish outlook around the 1-2$ levels.
Not
Told you so......look for a possible reversal here at $3 level...
...Im holding my short position, but might possibly open an intraday long to ride a possible pump back above 3/3.50$ level.
EYES PEELED.
Not
...Still on track to hit my original target....
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.