Tuesday 10/12/21

Trading has been quiet for the past couple of months, and it should be… but the time has come for the dragon to awake. Before we forward, I am not a financial advisor, this is not financial advise.

If you know me, you know I love me my cryptocurrency stocks. SPRT treated me well a couple of times, but when it changed over to GREE we saw a drastic drop. Actually we’ve seen a drastic drop in most cryptocurrency stocks over the past few months. Stocks go up, stocks go down, China and Democrat policy news definitely didn’t help; but two stocks have appeared to find a bottom, built support, have low RSI, have the MACD looking real nice: GREE and CSCW.

GREE

Greenridge Generation Holdings (GREE) was once SPRT. It’s an American cryptocurrency mining play that owns it’s own power supply. With the weakening American dollar, further Fed talks of digital currency, and a contrarian technical chart set-up… yeah, I’m digging it.

CSCW

Color Star Technology Co (CSCW) is a penny stock that is also a cryptocurrency play, however they are in the non-fungible token (NFT) and metaverse space. CSCW saw a huge drop after a $.68 stock offering and news on an exclusive Shaq NFTs. Don’t forget kids; buy the rumor, sell the news.

Both of these charts offer contrarian ideas and offered positive news in the past. If you are interested in trading here’s a link to get Robinhood, we’ll both get some free goodies. Happy trading.