Market analysis from Saxo

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Ethereum Intraday - We look to Sell a break of 3139 (stop at 3201) Short term momentum is bearish. There is no indication that the selloff is coming to an end. A break of yesterdays low would confirm bearish momentum. We look for losses to be extended today. Our profit targets will be 2984 and 2924 Resistance: 3300 / 3380 / 3480 Support: 3200 / 3100 /...

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Litecoin Intraday - We look to Sell at 119.38 (stop at 121.57) The trend of lower lows is located at 121.00. Previous support, now becomes resistance at 122.00. Broken out of the Head and Shoulders formation to the downside. We have a 50% Fibonacci pullback level of 118.75 from 127.38 to 110.12. Our profit targets will be 110.15 and 108.12 Resistance:...

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BNP Paribas Short Term - We look to Buy at 46.81 (stop at 45.50) We look to buy dips. Although we remain bearish overall, a correction is possible without impacting the trend lower. Previous support located at 47.00. We look for a temporary move higher. Our profit targets will be 50.19 and 53.18 Resistance: 55.00 / 60.00 / 68.00 Support: 47.00 / 38.00 /...

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Novavax Short Term - We look to Sell at 66.01 (stop at 72.46) Trades with a bearish descending triangle formation. Trading volume is increasing. We look for losses to be extended today. A close below the key support at 68.00 is expected to lead to further selling pressure. Closed below the 20-day EMA. Our profit targets will be 40.74 and 38.59...

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Cassava Sciences Short Term - We look to Sell at 32.45 (stop at 36.81) We look to sell rallies. Trading volume is increasing. Previous support, now becomes resistance at 32.00. We can see no technical reason for a change of trend. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 12.45 and 7.56...

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Litecoin Intraday - We look to Sell at 121.95 (stop at 123.50) The trend of lower lows is located at 126.00. Previous support, now becomes resistance at 122.00. Current prices have reacted from a low of 117.50, however, we expect further losses to follow. Preferred trade is to sell into rallies. Our profit targets will be 117.49 and 116.10 Resistance:...

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Bitcoin Intraday - We look to Buy at 45354 (stop at 44489) Daily signals are bullish. Trend line support is located at 45300. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. Our profit targets will be 47648 and 48548 Resistance: 47200 / 47800 /...

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Palantir Technology Short Term - We look to Buy at 14.24 (stop at 13.28) Previous resistance, now becomes support at 14.00. Short term oscillators are moving higher. Price action has broken from the previous formation. The bias is still for higher levels and we look for any dips to be limited. Our profit targets will be 17.80 and 19.50 Resistance: 18.00...

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NIO Short Term - We look to Buy a break of 23.79 (stop at 21.92) We look for gains to be extended today. Price action has broken from the previous formation. The reaction higher is positive and highlights a clear reversal. Short term oscillators have turned positive. Our profit targets will be 28.11 and 32.51 Resistance: 28.00 / 34.00 / 45.00 Support:...

Saxo Broker

Ethereum Intraday - We look to Sell a break of 3447 (stop at 3523) We are trading at overbought extremes. A higher correction is expected. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Trend line support...

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FuelCell Energy Short Term - We look to Sell at 5.36 (stop at 5.86) The primary trend remains bearish. A break of 5.50 is needed to confirm follow through negative momentum. Closed below the 50-day EMA. We look for losses to be extended today. Our profit targets will be 3.69 and 3.12 Resistance: 7.00 / 8.00 / 11.50 Support: 5.50 / 3.50 / 2.50 Disclaimer...

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Ideanomics Short Term - We look to Sell at 1.08 (stop at 1.18) Previous resistance located at 1.10. 1.10 continues to hold back the bulls. Our outlook is bearish. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 0.83 and 0.65 Resistance: 1.10 / 1.40 / 1.65 Support: 1.00 / 0.80 / 0.50 Disclaimer – Saxo...

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Delivery Hero Short Term - We look to Buy at 37.11 (stop at 34.35) Previous support located at 37.00. Trading within the Channel formation. A higher correction is expected. Choppy price action seen. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Our profit targets will be 43.98 and 48.59 Resistance: 45.00 /...

Saxo Broker

Litecoin Intraday - We look to Sell at 128.39 (stop at 131.21) The trend of lower intraday highs has also been broken. The failure to sustain the break higher and subsequent dip, formed a bearish candle and is negative for short term sentiment. Previous support at 128.00 now becomes resistance. Follow through bearish momentum from 126.80 resulted in net...

Saxo Broker

Ethereum Intraday - We look to Sell a break of 3329 (stop at 3401) We are trading at overbought extremes. A higher correction is expected. A break of the recent low at 3335 should result in a further move lower. Risk/Reward would be poor to call a buy from current levels. 20 1day EMA is at 3080. Our profit targets will be 3124 and 3054 Resistance: ...

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AMC Short Term - We look to Buy at 21.31 (stop at 17.60) Preferred trade is to buy on dips. 50 1day EMA is at 20.00. We have a 61.8% Fibonacci pullback level of 21.09 from 12.90 to 34.41. Trading volume is increasing. Previous resistance, now becomes support at 21.00. Our profit targets will be 34.41 and 43.15 Resistance: 30.00 / 35.00 / 40.00 Support:...

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Micron Technology Short Term - We look to Sell at 79.59 (stop at 82.81) We look to sell rallies. Selling continued from the 61.8% pullback level of 85.74. Closed below the 50-day EMA. Posted a Bearish Outside candle on the Daily chart. Trading volume is increasing. Our profit targets will be 68.29 and 66.73 Resistance: 85.00 / 96.50 / 100.00 Support:...

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Bitcoin Intraday - We look to Buy at 45333 (stop at 44584) Daily signals are bullish. We are trading at overbought extremes. A lower correction is expected. We look to buy dips. 50 4hour EMA is at 45300. Our profit targets will be 47288 and 48188 Resistance: 48200 / 49000 / 50000 Support: 46800 / 45500 / 44500 Disclaimer – Saxo Bank Group. Please be...