Dogecoin & Twitter, Elon Musk Bluffing?

11 Jul 2022

Hi Traders, Investors and Speculators 📉📈

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.


A quick technical analysis on charts DOGEUSDT and TWTR after it came to light that richest man in the world Elon Musk does not intent to buy Twitter anymore. We take a look at possible short term price targets by using Fibonacci Retracement Bollinger Bands together with Phoenix Ascending.
The CEO of TESLA made it clear that he is willing to take this battle to the SEC after Twitter vowed legal action against him. This could be very bearish for both Twitter and Doge - lawsuits and SEC cases are never bullish .

Here's the Twitter chart TWTR as an image, quickly explaining the LSMA , RSI , EMA and pointing out expected support zone / demand zone :



In cryptocurrency markets :

⁕ Ethereum ETH loses $1150 as it follows BTC down
⁕ Bitcoin loses $20500 support zone
⁕ SOLUSDT down -5% over the weekend
⁕ SHIBUSDT loses 5% over the weekend

I expect this week to be a red week across the market.


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