Pento_Investment

Pento_Investment

News came out that the US and China are starting negotiation on trade dispute, and Asia markets are mostly up despite slump in US stock market overnight. With regards to China, the economy is rapidly deteriorating , with December PMI flashing below 50, the level that defines contraction and expansion. The US is the largest export country for China, so that the...

Pento_Investment

lol, If BTC can't push above 4000, I'm with the bear. Should the price be able to hold 3600, the bull still alive. in light of the global economic uncertainty surrounding major powers, I think the whole class of Cryptocurrency may deserve some risk-aversion appetite. Needless to say, we're in the very critical stage of this rally from December last year. So keep...

Pento_Investment

Such a stiff drop of USD/JPY in the short time showcased the world economy is really in bad shape, and the fundamentals of the US economy may be rigged. When equity debacle has no end in sight, investors rash to JPY to protect their assets. In the least, here in China, the economy slowdown is widespread and far-reaching, I don't see any significant improvements in...

Pento_Investment

Gold, as traditional safe heaven asset during times of crisis, has steadily crept up against the backdrop of equity debacle. I think Gold will continue to move up because the stock market most likely would fall in the near future. But from the technical standpoint, although 1250 level has bottomed up with buyers pouring in to hedge against for risk, 1300-1350...

Pento_Investment

hello, American and Chinese friends in TradingView, all the best to you guys and happy new year! The market was floated, scoring some recovery on the good news that President Trump has twittered that the U.S. and China trade talks proceed well and likely reach a comprehensive agreement on disputed topics, like trade, IP protection, technology transfer, and so...

Pento_Investment

ETH has been extremely volatile for some weeks. failing to push above 150 resistance level because of thin dwindling volume and MACD divergence, bears swiftly took over and huge selloff occurred last night. looking forward, 150 will be a key resistance level. As long as the price stays below $150, the bear prevails.

Pento_Investment Updated 

ETH rally in December is quite impressive, with the price almost double in half a month. As you guys can see, in the chart, after failing to push above $160 level, the downtrend is also very straightforward. pin bars are obvious each day. I expect there's still some downside room and major support stands at 110 level, where traders would focus on the price action...

Pento_Investment

new year holiday is approaching. it seems that the thin trading volume status will go on for a while. the drop yesterday is clearly demonstrating bear is in control. Major support level is at 3100-3200, which is also the start point of the December surge.