Market analysis from Saxo

Saxo Broker

Bitcoin Intraday We look to Buy at 29012 (stop at 28444) Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. 28632 has been pivotal. Expect trading to remain mixed and volatile. As this corrective sequence continues we look to set longs on a dip at better...

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Gravity Short Term - We look to Buy at 54.02 (stop at 48.54) Further upside is expected although we prefer to buy into dips close to the 54.02 level. Posted a Double Bottom formation. The formation has a measured move target of 71.31. Although selling has been posted overnight, the selloff has been limited. Our profit targets will be 71.31 and 79.10...

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JD.com Short Term - We look to Sell at 65.66 (stop at 69.54) Previous support, now becomes resistance at 65.00. The 200 day moving average should provide resistance at 68.32. The bias is still for lower levels and we look for any gains to be limited. Further downside is expected although we prefer to sell into rallies close to the 65.66 level. Our profit...

Saxo Broker

Bitcoin Intraday - We look to Buy at 28707 (stop at 27987) Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. We look to buy dips. 28632 has been pivotal. Expect trading to remain mixed and volatile. As this corrective sequence continues we look to set longs on a dip at better...

Saxo Broker

Peloton Short Term - We look to Buy at 11.87 (stop at 11.05) Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Previous support located at 12.00. We look for a temporary move higher. Our profit targets will be 14.31 and 15.49 Resistance: 14.50 / 15.80 / 24.50 Support: 12.00 /...

Saxo Broker

Amazon Short Term - We look to Sell at 136.62 (stop at 146.49) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 137.00. There is scope for mild buying at the open but gains should be limited. The 50% Fibonacci retracement is located at 136.05 from 170.83 to 101.26. Our profit targets will be 102.56 and 91.98...

Saxo Broker

Ethereum Intraday - We look to Buy at 1731 (stop at 1669) 1730 has been pivotal. Trend line support is located at 1730. We look to buy dips. Support is located at 1700 and should stem dips to this area. Our profit targets will be 1898 and 1938 Resistance: 2000 / 2080 / 2150 Support: 1900 / 1800 / 1700 Disclaimer – Saxo Bank Group. Please be reminded –...

Saxo Broker

Novavax Short Term - We look to Sell at 54.79 (stop at 58.88) Prices expected to stall near trend line resistance. Trading volume is increasing. The trend of lower highs is located at 55.90. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 41.78 and 38.59 Resistance: 55.90 /...

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Marathon Digital Holdings Short Term - We look to Sell at 11.03 (stop at 12.16) Preferred trade is to sell into rallies. Trend line resistance is located at 11.00. There is scope for mild buying at the open but gains should be limited. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 8.62 and 5.19...

Saxo Broker

Ethereum Intraday - We look to Sell a break of 1898 (stop at 1944) 1901 has been pivotal. Bespoke support is located at 1900. A break of bespoke support at 1900, and the move lower is already underway. Daily signals are bearish. 50 4hour EMA is at 1907. Our profit targets will be 1782 and 1752 Resistance: 2000 / 2060 / 2100 Support: 1950 / 1900 / 1800 ...

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Ideanomics Short Term - We look to Sell at 0.617 (stop at 0.665) Previous resistance located at 0.610. 0.610 continues to hold back the bulls. Trading volume is increasing. Price action has posted a bearish Dark Cloud and is negative for short-term sentiment. Our profit targets will be 0.506 and 0.449 Resistance: 0.610 / 0.820 / 1.120 Support: 0.520 /...

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NVIDIA Short Term - We look to Sell at 210.20 (stop at 228.47) Our bespoke support of 210.00 has been clearly broken. We look to sell rallies. Rallies continue to attract sellers. The 61.8% fibonacci extension level is the target. Our profit targets will be 160.25 and 124.10 Resistance: 210.00 / 250.00 / 290.00 Support: 160.00 / 150.00 / 126.00 ...

Saxo Broker

Bitcoin Intraday - We look to Buy at 30533 (stop at 29948) Short term bias has turned positive. Previous resistance at 30500 now becomes support. 20 4hour EMA is at 30500. We look for a temporary move lower. Our profit targets will be 31987 and 32487 Resistance: 32000 / 33000 / 34000 Support: 31500 / 31000 / 30505 Disclaimer – Saxo Bank Group. Please...

Saxo Broker

Apple Short Term - We look to Sell at 154.48 (stop at 160.14) Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 155.00, resulting in improved risk/reward. Posted a Double Top formation. The bias is still for lower levels and we look for any gains to be limited. Intraday rallies continue to attract sellers and...

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Litecoin Intraday - We look to Sell at 66.96 (stop at 68.79) Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 67.00. We have a 50% Fibonacci pullback level of 67.18 from 73.92 to 60.45. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell...

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Besi Short Term - We look to Sell at 60.02 (stop at 63.16) Preferred trade is to sell into rallies. We are trading at overbought extremes. Previous support at 60.00 now becomes resistance. There is scope for mild buying at the open but gains should be limited. Trading has been mixed and volatile. Our profit targets will be 48.54 and 37.98 Resistance:...

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Delivery Hero Short Term - We look to Sell at 36.97 (stop at 41.04) We look to set shorts in the early trade. Previous support at 37.00 now becomes resistance. A sequence of weekly lower lows and highs has been posted. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 27.86 and 25.19 Resistance: 37.00...

Saxo Broker

Litecoin Intraday - We look to Sell at 66.78 (stop at 68.61) Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 67.00. Our outlook is bearish. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies. Our profit targets will be 60.60...