Etherum has been a stellar play for 2016 but is not looking like it is losing steam as bitcoin rallies to yearly highs. Etherum hype is dying down and I expect lower prices to be tested before bulls are in control again. First target for ETH would be .02 and secondary .015. The 100 day MA is broken and the .382 is being tested right now, once that fails I expect...
Maybe wait for retracement or some sort of decent entry but trend is clearly up here. Looking for a test of $350
Looking at the indicators that I use and the chart for Bitcoin I am still bearish and don't think the bottom is in. However I expect some kind of bounce of the $210-200 level. There are a few reason for this but the main ones are the RSI i s nearing resistance on the multi month trendline down. Also MACD is extremely oversold and there is a pocket on the volume...
Bitcoin is hitting into the 78.6 on a retracement from mid October lows. It will be interesting to see what happens here. I might jump in if there is some decent buying volume. Also to be noted, the RSI is extremely low and has been for a little. I expect some sort of bounce to happen here.
Gilled is an extremely strong company fundamentally with huge earnings growth. Stock was hid with uncertainty with competition or ABBY but their new Hep C drugs should still control 80-90% of market share. Also the retracement off the recent high has found solid support at the $100 level. The stock looks ready for a move higher
Looking for OTE entry zone and shorting from rejection of trendline at $407