Seems like all of the short term fear of SegWit2 disruption is fading which could be very bullish for crypto-currencies. In the short term, Ethereum has broken the resistance line which is bullish but we will need to see future support levels to validate this move. Let me know your thoughts! Steve W.
This is purely speculation and analysis of the dollar. Not taking any positions at the moment. Reasons for the future price of DXY should depend on the following: The financial condition of the U.S. economy Outcome from Fed's decision to wind down assets Interest rates Cryptocurrencies Love to hear your thoughts and let me know which side are you on?
What: Short term relief rally followed by a decline Why: Bullish flag followed by a bearing descending triangle Fundamental: The overall market seems to have been confused with the results of the recent presidential election. What may seem to be a positive thing for markets could be short lived due to the rush of buyers along with a short squeeze. Fundamentally, ...
NYSE:PB What: Bearish pattern Why: Rising wedge breaks below trend line Fundamental: Bank stocks had a decent rally this year partly due to the increasing odds of a rate hike but that's probably priced in by now. Looking for a 10%+ pull back in the coming months. Profit Target: Price target at $49 on 2/2/17 Stop Loss: 10% above current price
NYSE:PXD What: Bearish pattern for $PXD Why: Rising wedge breaks below trend line. Fundamental: Natural resource industry is showing signs of weakness after it's rally this year likely due to the negative outlook of the OPEC decision in late November. Profit Target: Sell target at $146 & 5/3/17 Stop Loss: 10% above current price