Ethereum looks as though it may have found a bottom, and if that is the case, I foresee us climbing over the £600 mark. Ive included a rough prediction for how I think we could get there but it is still very early to confirm the 3rd wave move and everything after that, however, it is a reasonable scenario nonetheless. Ive put up an alternative shorterm play below...
Sterling is having a tough day so far, but i think theres a case for one more bullish play befor finally topping out.
Bitcoin looks to settle just below $2000 before the current bear-play ends. we may get a slight consolidation higher, but i think we may get one more dip before it is all over.
A case for ethereum trading below £100 per coin looks very possible. We are seeing plenty of volume coming in at the bottom of every decline showing possible buy-side position building, but I doubt we have found a bottom yet. The £50-100 range looks like a good candidate for a bottom.
Looks like Ether hit a wall and buyers and sellers are not yet decided on where to take this.
Gold has sold off quite substantially and is now starting to trade prices that open up amazing buy-side potential.
The Euro looks to be trading very interesting levels across the board. EURGBP, EURUSD and EURJPY all look as though the Euro could fall into a longterm bearish trend but I am yet to find a catalyst for such a move.
WTI has had a nice clean buy-up since the dip, but I think sellers are still firmly in charge so I am looking for weakness in order to sell for $40 or so.
The sellers are back. We had a great pick-up but I think the sellers are back to drive this into $40
Oil looks to pulling back some of its recent decline but I think sellers are still firmly in control. I think we consolidate temporarily and then go for $40-$39
Apple looks as thought it is still in a bullish cycle, however, Elliot-wave indicates that woman see some more consolidations before heading higher.
Hecla Mining Co looks set up for a longterm bull move. Gold has been falling for a while but I believe a buy opportunity is on the horizon so hopefully Hecla ride the bull-wave when it comes.
I think we get a bit more strength from sterling against the dollar, but we are reaching a pretty pivotal point. My call is we sell-off there but the dollar needs to start finding support to confirm this
NZD looks really interesting against the dollar and AUD. Definitely a worthwhile longterm trade. watch out for any AUD or NZD data coming out soon as that could very much serve as the catalyst to get the sell-off going. P.S.If you like my analysis, consider taking up my free 2-week trade signals package. Get in touch via private message for more information. I...
NZD looks poised for some weakness across the board. We have Trade Balance, Exports and Imports data coming out today and I believe this could be a key driver of where NZD goes from here. Check out my other NZD related analyses below. Ive also included a good risk reward trade for entry before we get a breakout. SL: above 0.97500 TP 1: 0.93111 TP2: 0.90490