Cryptocurrencies were left behind by the recent Stock Market rally.
With the arrival of new BTC Bitcoin ETFs, I expect the Crypto Market to follow!
Entry Range: $18 - 19
Take Profit 1: $21
Take Profit 2: $25
Take Profit 3: $27
Stop Loss: $13
The Finance Stability Board said today that many stablecoins won`t meet the requirements stipulated in its recommendations for cryptocurrency asset regulation.
This could have have ripple effects in the entire crypto industry!
My price targets for Shiba Inu SHIB are:
Entry Range: $0.00001300 - 0.00001360
Price Target 1: $0.00001220
Price Target 2:...
September has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Celsius CEL has a negative overall...
Facebook $FB is fundamentally and technically undervalued relative to the market $QQQ, with a forward p/e of 20 it's cheap for a big growing tech stock. Today's price action formed a bullish hammer candle pattern with the price under the lower Buy Sell Band making for a good long entry. Range Strength indicates the price is non-trending and we're 7.71% below the...
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EBAY has a very stable, profitable and long history of operating business model. With a P/E around 21 and only $42b market cap it's relatively cheap. It looks to be setting up for a good long play here with price below the lower Buy Sell Band, 8.40% below the 50 day MA, and solid Range Strength/Hurst Exponent readings for a mean reversion play.
iRobot makes robotic applications primarily for residential household use, like vacuums and pool cleaners. The company has a steady upward trajectory with revenue growing on average 20% per annum for the past several years. However today, the stock has been beaten down 3.75% on below average volume. It's currently under the lower Buy Sell Band with a RSI of 13 and...
There's plenty of opportunity in the stock market today with lot's of good stocks being beat down to dramatically oversold areas, one of these is $HXL a carbon fiber maker for defense programs and a stock which has beat on 4 of it's last earnings releases. Technically speaking the stock is considerably below it's lower Buy Sell Band and 17.61% below it's 50 day MA...
Quiet day in the markets, volatility down slightly, all sectors seem to be trading together in wait and see mode. No exits today, entered 2 new pairs trades. Will likely enter more trades tomorrow and Friday but don't plan on entering any new trades next week going into the election.