Bitcoin - Short Term - We look to Sell at 55241 (stop at 58088)
Previous support, now becomes resistance at 55572. Daily signals are mildly bearish. We have a 38.2% Fibonacci pullback level of 55567 from 69058 to 47229. Trend line resistance is located at 54000.
Our profit targets will be 47396 and 43290
Resistance: 55572 / 60000 / 70000
Support: 47447...
Ethereum - Short Term - We look to Sell a break of 3899 (stop at 4067)
A bearish Head and Shoulders is forming. A break of the neckline is required to confirm the formation. We have a 61.8% Fibonacci pullback level of 3495 from 2647 to 4866. The trend of lower highs is located at 4225. Further downside is expected and we prefer to set shorts in early trade....
LTCJPY - Intraday - We look to Buy a break of 18456 (stop at 16716)
Intraday signals are mildly bullish. Previous support at 22000 now becomes resistance. A break of bespoke resistance at 18170, and the move higher is already underway. 17275 continues to hold back the bears. This move is expected to continue and we look to set longs at good risk/reward levels....
Litecoin - Intraday - We look to Sell at 186.76 (stop at 205.69)
We look to sell rallies. Daily signals are bearish. Previous support, now becomes resistance at 190.00. The bias is still for lower levels and we look for any gains to be limited. The 50% Fibonacci retracement is located at 186.01 from 230.30 to 141.73. Further downside is expected although we...
Berkshire Hathaway B - Short Term - We look to Buy at 275.30 (stop at 268.50)
We look to buy dips. We are trading within a Bullish Ascending Triangle formation. Previous support located at 275.00. The primary trend remains bullish. We look for a temporary move lower. The bias is still for higher levels and we look for any dips to be limited. Further upside is...
DocuSign - Short Term - We look to Sell at 220 (stop at 245)
The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We have a Gap open at 227 from 03/12 to 06/12. Further downside is expected although we prefer to sell into rallies close to the 220 level. The reaction lower is negative and...
Bitcoin - Intraday - We look to Buy at 45177 (stop at 43101)
Price action continues to gravitate towards crucial support levels with aggressive selling interest. Bespoke support is located at 45174. We have a 78.6% Fibonacci pullback level of 45874 from 69058 to 36561. As this corrective sequence continues we look to set longs on a dip at better risk/reward...
Netflix - Intraday - We look to Sell at 642 (stop at 665.4)
Selling pressure dominated price action yesterday and we expect this to continue today. Posted a Double Top formation. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. As this corrective sequence continues we look to set shorts on...
Bitcoin - Intraday - We look to Sell a break of 42346 (stop at 42701)
Intraday signals are bearish. Current prices have reacted from a low of 42500, however, we expect further losses to follow. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Trades with a bearish descending triangle...
Tencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00)
Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
Shopify - Short Term - We look to Sell at 1266 (stop at 1328)
A bearish Head and Shoulders has formed. Neckline resistance 1300. There is no indication that the selloff is coming to an end. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at...
Beyond Meat - Short Term - We look to Buy at 60.97 (stop at 55.50)
Previous support located at 60.00. The bullish engulfing candle on the daily chart is positive for sentiment. We look for a temporary move higher. This provides an excellent risk/reward opportunity to fade the current bearish move.
Our profit targets will be 85.29 and 94.12
Resistance: ...
MELI - Short Term - We look to Sell at 1290.00 (stop at 1392.00)
Posted a Double Top formation. Closed below the 20-day EMA. Trading volume is increasing. Our overall sentiment remains bearish looking for lower levels. Further downside is expected and we prefer to set shorts in early trade.
Our profit targets will be 959.00 and 763.00
Resistance: 1300.00...
Ethereum - Intraday - We look to Buy at 3712 (stop at 3636.0)
We look to buy dips. Previous support located at 3700. Intraday signals are mildly bullish. Previous support at 3900 now becomes resistance. Further upside is expected although we prefer to set longs at our bespoke support levels at 3700, resulting in improved risk/reward.
Our profit targets will...
Bitcoin - Intraday - We look to Sell at 50185.0 (stop at 51857)
Previous support located at 45500. Previous resistance located at 51000. We look for a temporary move higher. The bias is still for lower levels and we look for any gains to be limited. We look to sell rallies.
Our profit targets will be 45467.0 and 44500
Resistance: 49000 / 50000 / 51000
...
IBM - Intraday - We look to Buy at 125.98 (stop at 122.20)
A bullish reverse Head and Shoulders has formed. The formation has a measured move target of 134.63. Closed above the 50-day MA. The stock is currently outperforming in its sector. Further upside is expected and we look to set longs in early trade.
Our profit targets will be 134.53 and 138.15
...
Ethereum - Intraday - We look to Sell at 3931 (stop at 4087)
A bearish Head and Shoulders has formed. Neckline resistance 3956. We have a 38.2% Fibonacci pullback level of 3985.5 from 4491 to 3673. Daily signals are bearish. The bias is still for lower levels and we look for any gains to be limited. Risk/Reward would be poor to call a sell from current levels....
Quantafuel - Intraday - We look to Sell at 32.10 (stop at 34.50)
The hanging man candle on the daily chart is negative for sentiment. Price action has continued to trend strongly higher and has stalled at the previous resistance near 33.04. The overnight rally has been sold into and there is scope for further bearish pressure going into this morning. We look...
