ETH - 4HShort term forecast for Ethereum
TA: Ethereum has recently broken through local highs around the $175 zone. expecting a short term push towards the $191 area but wouldn't be surprised to see a wick up closer to $200.
FA: the outlook for the De-Fi space in ethereum remains bullish - stable coin demand remains positive. On the flip side regulators are eyeing up stable coins and central bank may impose
policies against stablecoins. So far, this negative news from the dinosaur sector has mostly been dismissed by the market.
Conclusion: Short term bullish on ETH
Finance
Be careful with EURO longsJust that you understand what is going on. Only unwise would take a risk of massive euro buying in this situation. EURO is devaluating rapidly and big institutions got rid of it at best price. I suspect it was a planned action between several private European institutions who were holders of long term big euro reserves. And the dull ones who bought overpriced EURO (maybe a state establishment like ECB) started to sell immediately, loosing billions. Where did they invest the sell. Not in Euro for sure. Maybe gold, yen, bitcoin? God knows...
Observe closely the ongoing supply line!
BITCOIN | Buying Area Guides It To The Selling Area!Hi,
The price of Bitcoin has moved sideways almost two weeks. In the last week I "revealed" a pretty good selling area, which is still active but firstly the price has to reach there.
Luckily, I have managed to saw a pretty good entry opportunity to another wave upwards which can drag the price to the pointed box.
Now, this box act as a profit-taking area and if we get and saw a decent bearish price action then this area will also be a selling area.
At the moment, the price has made a pretty strong statement to upwards, depends on your risk, and after you have done your own research which is supporting my viewpoints, then you can enter between $6,450-$6,650.
If it supports your bias, do not forget to hit the "LIKE" ;)
Good luck,
Vaido
EURUSD SHORTHey Traders! Happy Sunday, let's get this week started right with the Top FX Pairs on my watchlist,
And all the zones I am looking for possible trades in for this week.
Firstly we have EURUSD which for the whole of last week was in an Uptrend.
This pair has just crossed over the 50EMA and is now coming up to a Major WEEKLY Structure Resistance Level . This is a level that has been tested multiple times by the EURUSD. Because of that and in combination with the Uptrend, this will be an area that I am looking at for possible counter-trend continuation to the downside from this area.
Major WEEKLY Structure Resistance Level= (1.13595-1.14250)
Above this,
There's also another Major MONTHLY Structure Resistance Level that has been tested multiple times
Levels= (1.14600-1.15260)
Gold Deciding The Trend SoonTVC:DXY
OANDA:XAUUSD
Investors around the world are seeking for safe heaven asset investment to mitigate the risk of their financial portfolio amid the ongoing COVID-19 pandemic and global economies have begun executing their stimulus packages as a precaution against the market turmoil right now.
The precious yellow metal trading at $100 (approximately) on the intraday trading session has catapulted itself along the range of $300 over a span of a month, once again echoing many never before seen market fluctuations in this unprecedented climate. Currently, it is trading at the level of $1482 /oz. Globally, investors are watching the US economy like a hawk and the reactions of the market participants in both the short and long term.
Penetrating the range of $1482/oz and closing above this level will give the fuel to the bulls to ride the uptrend and set the camp above the $1500/oz. but, on the other hand, if the situation finds itself easing and prices start to test the bottoms, the intraday close below $1462/oz will denote that traders have more interest and profit booking from the current value.
$ROKU streams it all!Roku is some peoples favorite. Currently has a ton of social sentiment which over 100 mentions providing positive feedback. All indicators are pointing to this for a positive move even in this market. ER is in may, this is perhaps a good time to grab some calls for the May Er ( maybe some puts ) for a IV run up.
#covid #stocks #stockmarket #options #optionsplayer #trump #covid-19 #stayhome #live #covidactnow #GOPslushfund #covididiots #afterhours #Quarantine #quarantineandchill #quarentinelife #staysafe $spy $roku $amd $nvda $tsla $nflx $ba $baba $wmt $djia $aapl
Bitcoin - Sound MoneyI already made a projection after bitcoin fell from 10.000 to 6.900 this is no coming back DeFi is being insanely pushed into existence.
Crypto News:
Bakkt Loyalty / Consumers Wallet (Trillion Dollar potential expansion - CME/ICE)
Defi ( 1B USD worth of ETH Locked) + POS rollout 2020-2021\
Futures Contracts Rollout
Traditional News
Corona Virus Outbreak effecting Trade - Apple, Agriculture, Tech,
Copper Slumped
Inflation 2%
Interest Rates Unch (we can go Negative)
210T Global Debt
Gold Manipulation/fools gold in the supply chain
Outcome
Civil Unrest
Fomo into Bitcoin
Altseason
hyperbitcoinization
central bank stable coins
Digital Yuan
EURUSD Sees Price Rally, Eyes The 1.1117/50 Zone
EURUSD has rallied strongly on Friday leaving risk of more strength on the cards. Resistance comes in at the 1.1150 where a break will turn risk to the 1.1100 level. A breach below here will target the 1.1200 level. Further up, resistance stands at the 1.1250. Conversely, on the downside, support comes in at 1.1050 level with a violation of there opening the door for further gain towards the 1.1000 level. Further down, resistance lies at the 1.0950 level. A cut through that level will clear the way for a move towards the 1.0900 level. All in all, EURUSD looks for more strength to occur in the new week.
F5 Network (FFIV) | Strong Support, 50% Growth Potential!Hi,
F5 Networks provides multi-cloud application services for the availability, security, performance, and availability of network applications, servers, and storage systems.
Currently, it is pretty undervalued and the price of the stock has reached inside the strong support area. Technically, it is a pretty powerful support level and it consists of multiple criteria. Do your own research and if you think the company has potential then I let you know - technically it is ready to go upwards!
Technically, the buying area is $120-$130 and it consists of:
1. The price is currently inside a strong price level. It has been multi-year resistance and now it starts to act as a support level.
2. The trendline third touch act as a support level, super crossing area with the previous criterion.
3. Fibonacci 38% and 62% are inside the strong area acting as support levels.
4. Monthly EMA100 should act as a support level.
5. RSI Divergence
6. Two minor trendlines run through the crossing area to adding strength to the buying zone.
7. The fat blue trendline from the top is also called as a counter-trendline. The breakout has occurred a couple of months ago and now the price retests it and the retest should act as a supporter.
8. A bit subjective but still, AB=CD from the top and the D point is inside the strong support level.
As said, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
A bit cleaner chart :)
Good luck,
Vaido
CONTINENTAL (CON) | Old Strong Resistance Level Becomes Support.Hi,
Continental Aktiengesellschaft (CON) develops products, systems, and services for customers in various industries worldwide. The company operates through Chassis & Safety, Powertrain, Interior, Tires, and ContiTech segments.
The undervalued stock price will indicate an increase from $90-$100:
1) Old clean resistance levels start to act as a support level.
2) Monthly 200 Moving Average should act as a support level.
3) The round number $100 adding strength to the marked area.
4) Fibonacci Retracement 62%.
5) The minor trendline should work as a support level.
6) Slight RSI DIvergence.
Definitely, do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
FINANCIAL SECTOR LEAD BEAR FOR THE MARKETTICKER: $XLF
Financial sector is the clear lead bears for the market. We rejected hard at 31.10ish level and broke key support level of 30.46. In my opinion, this is the reason why $SPY pulled back hard.
We had huge bear volume on Friday and if we break the low of Friday (30.20), look for a continue dump to fill the gap under 30.13.
Can the bears dethrone the bulls in the short term?
$ETFC E-Trade might turn here
E-Trade Financial is looking like it is in position to confirm an inverse h&s after leaving a coiling down and touching the long term trend line.
Entry would be after closing above 47.40$. PT 59$ and Stop 41$.
Close watch, cause a lot trading in at 47$
No trading advice just my own research so analyze by your self
May the markets be with you
Canadian Banks (UPDATE)Canadian bank stocks haven't really moved in 2 years. This consolidation has confused both bulls and bears, but it will come to an end by the end of this year (2020). Breaking above the all-time high will be a big buy signal, as it will indicate that the cyclical bull market is still intact. However, breaking below the major upward trendline will confirm a change in trend. Current the bias is to the upside, but this can quickly change if time runs out and price doesn't make it above the all-time high.
Based on my own fundamental analysis of the Canadian banking sector, there are significant problems brewing that could heavily impact equity values. Bank assets that are included in this bank index are mainly composed of speculative loans (+75% of bank balance sheets) to the real estate and financial sector. In China it's the opposite situation, where most bank assets are held by corporations who are engaged in some kind of productive activity. Thus, in Canada if there is a shock in the asset values of the speculative assets underlying the loans it will have a severe negative impact on Canadian bank equity.
Also, remember that Canada's yield curve is currently negative. This is a big sign of a recession ahead for the country. Households are holding a significant amount of debt (almost the highest ratios in the world), and are staring at some of the highest asset valuations in history. Moreover, manufacturing is contracting. There are no industrial policies in Canada at the moment that could counteract these trends, and it doesn't seem like Canadian governments are shifting away from laissez-faire policies.
PS. If you found this idea useful/interesting be sure to follow me on my Twitter account where I post more frequently. The link can be found on my TradingView profile or @ErikFertsman.