Long
Global Blockchain Technologies Breakout?
Over the last few months Global Blockchain Technologies Corp broke out of its long price action slump with the announcement of a name change (...LOL...). Now they have announced involvement in crypto mining. Coupled with the fact that institutional investors are super yield hungry in an environment with prolifically low return on capital rates - even negative with inflation in many cases - this could be a monster trade.
In pure technical terms, regardless of the fundamentals, we have an ascending wedge that could breakout to the upside. A break above the max consolidation range will also be a signal taking this stock very high, which used to trade at one point in time at $460!
Cheers and GLWT!
-Erik
In pure technical terms, regardless of the fundamentals, we have an ascending wedge that could breakout to the upside. A break above the max consolidation range will also be a signal taking this stock very high, which used to trade at one point in time at $460!
Cheers and GLWT!
-Erik
Trade active
Trade closed: stop reached
I was too early! Let's see what happens...Note
Bottom?Trade active
Note
Nice...Note
RSI is bullish, we;ve formed a bit of a higher high....kissing the trend line now!Trade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.