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Counter-trend Rally in Ether, Target at 4200Trend Analysis The main view of this trade idea is on the 15-Min Chart. There seems to be a triple bottom at around the 3650 level for the cryptocurrency Ethereum (ETH). After the third test of this support ETH rallied and hit some resistance around 4125. From there it made a higher low at around the 3700 price level. Currently ETH is trending higher from those levels, after breaking above 3910 resistance the cryptocurrency is attempting to re-test 4200 with the Awesome Oscillator (AO) and RSI corroborating this view. The AO is currently above zero and green and the RSI is above the 50 level. A change in trend would be identified if ETH falls below 3850. The Point and Figure Chart provides an alternative perspective to ETH’s price movements. From this chart ETH is currently in a symmetrical triangle setup with the higher lows at 3770 and 3912 while the lower highs are at 4110 and 3988. At the time of publishing ETH broke above resistance. This produces a target price of 4160. Complementing this setup is the AO trading above 0 and green and the RSI being above the 50 price level. However, on the Daily Chart, ETH is still in a corrective mode. To change this view the cryptocurrency has to break above 4412 resistance. Recommendation The recommendation will be to go long at market, with a stop loss at 3850 and a target of 4200. This produces a risk/reward ratio of 1.98. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time of publishing I have exposure to ETH.
KRAKEN:ETHUSDLong
by Ceddy86
ETHXBT Trending Lower Towards 0.064Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency cross Ethereum/Bitcoin (ETH/XBT) is trending lower in the short term despite the recent short term bounce. Resistance was hit by the long term moving average MA. Expectations are for a leg lower, with the next level of support observed around 0.065. A negation of this view will be a sustained cross above 0.072. Technical Indicators ETH/XBT is currently below its long (200-MA), medium (100-MA) and short (50-MA) fractal moving averages, after hitting resistance from its long term MA. The MAs are trending lower with the long term MA above the medium and short term MAs and the medium term MA being above the short term MA. This is consistent with a continued downtrend. The RSI is also below 50 and the KST recently had a negative crossover, complementing the leg lower in the cryptocurrency cross. Recommendation The recommendation will be to go short at market, with a stop loss at 0.072 and a target of 0.064. This produces a risk/reward ratio of 2.24. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to ETH/XBT.
Short
by Ceddy86
Breakout in ETHXBT, Expected Rally to 0.08Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency cross Ethereum/Bitcoin (ETHXBT) appears to be in an descending triangle setup where support held around the 0.07085 price level. The downward trend line acts as the hypotenuse of the triangle, illustrated in red on the chart. The cryptocross broke out from the downward trend line and is moving higher. Expectations are for ETHXBT to rally towards 0.08. A negation of the setup would be if ETHXBT declines towards 0.0716. Technical Indicators There has been a positive crossover on the Awesome Oscillator (AO) recently. This was complemented by a positive crossover on the KST. XBT is trading above a long term MA (495-SMA). A strategy around this MA in the 15-Min timeframe has a profit factor of 2.54. Recommendation The recommendation will be to go long at market, with a stop loss at 0.0716 and a target of 0.08. This produces a risk/reward ratio of 1.33. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. Currently I have exposure to ETHXBT.
Long
by Ceddy86
ETHXBT Bearish Flag Setup, Decline Towards 0.074Trend Analysis The main view of this trade idea is on the 15-Min Chart. The Crypto Cross (ETHXBT) hit some resistance around the 0.079 price level and declined below its long term MA. Currently it is in a bearish flag setup, a continuation pattern of the declines if pattern is completed. Expectations are for ETHXBT to decline towards 0.074. A break above 0.077 will negate this bearish view. Technical Indicators Currently ETHXBT is below is short (50-SMA) and long (280-SMA) moving averages which is a bearish sign for trend. Also the Awesome Oscillator is negative and trending lower. These indicators support the bearish view for ETHXBT. Recommendation The recommendation will be to go short at market. Stop loss will be set around the 0.077 price level with a target of 0.074. This produces a risk reward ratio of 1.68. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Short
by Ceddy86
Ethereum Expected to Breakout Higher to 4170Trend Analysis The main view of this trade idea is on the 15-Min Chart. The cryptocurrency Ethereum (ETH) has been in a rangebound movement over the last couple of trading sessions, between the 3830 and 4000 price levels. Expectations are for ETH to break above the 4000 price level and rally towards 4170 price level. To negate this move, ETH will have to decline towards the 3800 price level. Technical Indicators The cryptocurrency is currently at its long term (300-SMA) moving average. Also, its Awesome Oscillator (AO) remains in positive territory. The breakout in ETH will occur when there is a positive crossover on the Parabolic Stop and Reverse (PSAR) indicator. Recommendation The recommendation will be to go long at market, when the PSAR signals a buy. Stop loss will be set around the 3800 price level with a target of 4170. This produces a risk reward ratio of 1.87. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETH.
KRAKEN:ETHUSDLong
by Ceddy86
Expected Rally in ETHXBT Towards 0.0795Trend Analysis The main view of this trade idea is on the 15-Min Chart. The crypto cross Ethereum/Bitcoin (ETHXBT) has been in a symmetrical triangle setup over the last couple of days, with the security recently breaking above the resistance line. This break higher is expected to continue with ETHXBT rallying towards 0.0795. This target was derived from taking the length between the top of the resistance line and the bottom of the support trend line. Technical Indicators This bullish sentiment is supported by the fact that ETHXBT is currently trading above its short (50-SMA) and long (200-SMA) moving averages. Also the Awesome Oscillator (AO) is positive and bullish. A close below the 200-SMA would as well as the AO trading below 0 will negate the bullishness of this note. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 0.074 price level with a target of 0.0795. This produces a risk reward ratio of 1.52. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Long
by Ceddy86
ETH Stabilizes at 2945, New Target at 3400Trend Analysis The main view of this trade idea is on the 2-Hour Chart. The Cryptocurrency Ethereum (ETH) had hit some resistance around the 3330 price level and declined 11.6% towards 2945. At that point ETH tested support and held and eventually broke above the downward trendline highlighted in red. Expectations are for the cryptocurrency to rally towards 3400, 5.7% away from current price levels (at the time of publishing). This hypothesis will be negated if ETH breaks below 2945. Technical Indicators ETH is currently above its short (25-MA), medium (75-MA) and long term fractal moving averages. Based on this, the uptrend remains intact. The RSI is above 50 and is trending higher. Also, the KST is in a positive zone. Moreover, there are buy signals on multiple timeframes for ETH, suggesting further bullish price movements in the short, medium and long term. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 2945 price level and a target of 3400. This produces a risk-reward ratio of 0.63. Given the low risk reward ratio, it a small position size should be utilized. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in Ethereum.
KRAKEN:ETHUSDLong
by Ceddy86
ETHXBT Channelling Higher Towards 0.07125Trend Analysis The main view of this trade idea is on the 15-Min Chart. The crypto cross ETHXBT found some support around the 0.06675 price level and is now 2.9% higher in the short term. ETHXBT is channeling higher and is expected to continue to do so and hit some resistance around 0.07125, approximately 3.7% away at the time of publishing. If the channel breaks down, traders should place a stop loss at around 0.0665 in the event of a significant trend reversal. Technical Indicators The recent positive crossover in the KST supports the bullish nature of the crypto cross. Also the RSI is trading above 50, signaling some positive price movements. As it pertains to moving averages, ETHXBT is currently above its short (25-SMA), medium (75-SMA) and fractal moving averages. Moreover the crypto cross, at the time of publishing, is displaying buy signals over multiple timeframes. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 0.0665 price level and a target of 0.07125. This produces a risk-reward ratio of 1.09. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Long
by Ceddy86
2
Double Bottom Setup on ETH, Target Towards 3200Trend Analysis The main view of this trade idea is on the 2-Hour. There is a double pattern setup on the cryptocurrency Ethereum (ETH). First low was formed in June 26th 2021 around the 1700 price level. Then ETH rallied towards the middle of the W or double bottom around 2400 in early July 2021. When resistance was hit the cryptocurrency declined towards the 1700 price level around the July 20th 2021. Currently ETH is on the last leg of the W where it broke above the 2400 price level. The completion of this double bottom will take ETH towards 3200. Technical Indicators On the last leg of the W pattern, the price trend is being supported by the technical indicators. ETH’s price is above its short (25-SMA), medium (75-SMA) and fractal moving averages. This bullishness is compounded by the RSI testing overbought levels, in and out. Also the KST is in a positive zone. Recommendation The recommendation will be to go long at market. The target of the setup is around the 3200 price level. A stop loss at around 2145 will be considered a shift in the setup. This trade idea produces a risk reward ratio of 2.4 Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETH.
KRAKEN:ETHUSDLong
by Ceddy86
ETHXBT Expected to Re-Test 0.07Trend Analysis The main view of this trade idea is on the 15-Min . The Crypto Cross ETHXBT held support around the 0.068 price level and is now 1.8% higher. Expectations are for ETHXBT to trend higher back towards the 0.07 price level, 1.1% away from current levels. A close below 0.068 support indicates a change in trend. Technical Indicators ETHXBT remains above its long term (165-SMA) moving average as support held around the 0.068 price level. The Awesome Oscillator (AO) produced a buy signal as there was higher price movements after the third green bar of the AO. Also there was a price close above the high of the fractal, which is another positive sign. Indeed, there are buy signals in other timeframes in ETHXBT, supporting the bullish view on the crypto cross. Recommendation The recommendation will be to go long at market. Stop loss will be set around the 0.068 price level and a target of 0.07. This produces a risk-reward ratio of 2.09. Conditions can change after the publishing of this note which will change the abovementioned bullish view. This will include a red bar in the AO, a close below the long term moving average as well as signals in other timeframes changing from buy to sell. Thus conditions should be monitored as the position is opened. Disclaimer The views expressed are mine and do not represent the views of my employers and business partners. Persons acting on these recommendations are doing so at their own risk. These recommendations are not a solicitation to buy or to sell but are for purely discussion purposes. At the time publishing, I have a position in ETHXBT.
Long
by Ceddy86
WDI Wirecard insider buy? Why 68% in pre-exchange trading?!First of all Wirecard stock jumps up to 68 percent in pre-exchange trading at the beginning of the week. The reason for this is progress in the search for investors. According to insolvency administrator Michael Jaffé, 77 interested parties have signed confidentiality agreements for the core business: "We are confident that we will find an investor for the core business that offers significant entrepreneurial opportunities in an enormously growing market for an investor." Second, reports say that someone bought 1 mil euro worth of shares, maybe it was an insider buy who knows the deal Wirecard is about to make. In third place it`s Angela Merkel, the Chancellor of Germany who promoted Wirecard in China before the scandal, she somehow co-signed for Wirecard by doing that. I think the German government won`t let its people who put their lifetime savings in WDI stock to loose all the money. They also gave money to Lufthansa, they will need to buy part of Wirecard too. For sure they want a piece of that financial working business. Wirecard has Assets of 5.85Bil Euro and Liabilities of 3.93Bil, so a nice debt to assets of 67%. We will see a bounce sooner than expected. Not trading advice. If you are interested to test some amazing buy and sell indicators, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
WLong
by TopgOptions
#wirecard - to take the cake #wdiSince Corona, some life has come back to the House of DAX. Well, Wirecard CEO Braun has been a red flag to many investors and so Dax company (till July 20?) and the auditors of EY Ernst & Young surprised the market by reporting that 1.9 billion euros in escrow accounts could not be properly verified. After all, that is 1/4 of Wirecard's balance sheet. Since the balance sheet is unlikely to be ready by mid-July, investors should take care that loans worth EUR 2 billion could be cancelled (another 1/4 of bs). This means that the current discount of 50% is ok and down movement could even be just the beginning if no liquidity can be secured by then. However, if the loans are extended, the situation could become calmer again. But who knows with what surprises CEO Braun will be back around the corner by then Nothing for cowards.
W
by StefanBode