Market analysis from Saxo

Saxo Broker

Context Logic Short Term - We look to Sell at 1.64 (stop at 1.79) A Doji style candle has been posted from the high. The medium term bias remains 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 1.22 and 1.19 Resistance: 1.65 / 1.85 / 2.50 Support:...

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Clover Health Short Term - We look to Sell at 2.83 (stop at 3.09) Our outlook is bearish. We are assessed to be in a corrective mode higher. There is scope for mild buying at the open but gains should be limited. Preferred trade is to sell into rallies. Our profit targets will be 2.03 and 1.86 Resistance: 2.90 / 3.25 / 3.90 Support: 2.00 / 1.50 / 1.00 ...

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Bitcoin Intraday - We look to Sell a break of 28488 (stop at 29009) 28561 has been pivotal. A break of bespoke support at 28500, and the move lower is already underway. Daily signals are bearish. There is no clear indication that the downward move is coming to an end. Our profit targets will be 27207 and 26807 Resistance: 30000 / 31000 / 32000 Support:...

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Pfizer Short Term - We look to Sell at 54.62 (stop at 56.31) Bespoke resistance is located at 54.70. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected although we prefer to sell into rallies close to the 54.60 level. Trading has been mixed and volatile. Our...

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Moderna Short Term - We look to Sell at 149.49 (stop at 160.31) Preferred trade is to sell into rallies. Closed below the 20-day EMA. Trades with a bearish descending triangle formation. Our overall sentiment remains bearish looking for lower levels. We look to set shorts in the early trade. Our profit targets will be 123.84 and 103.50 Resistance: 150.00...

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Litecoin Intraday - We look to Buy at 65.02 (stop at 62.98) Price action continues within the short-term bearish trend channel. Previous support located at 65.00. A move lower faces tough support and we remain cautious on downside potential. Trading has been mixed and volatile. Our profit targets will be 73.19 and 85.00 Resistance: 74.00 / 82.70 /...

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Renault Short Term - We look to Sell at 25.20 (stop at 26.10) Preferred trade is to sell into rallies. Bespoke resistance is located at 25.50. Our overall sentiment remains bearish looking for lower levels. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 21.71 and 19.51 Resistance: 25.50 / 28.00 /...

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Postnl Short Term - We look to Sell at 3.22 (stop at 3.36) Preferred trade is to sell into rallies. Trend line resistance is located at 3,25. Previous resistance located at 3.25. There is scope for mild buying at the open but gains should be limited. Our profit targets will be 2.94 and 2.87 Resistance: 3.30 / 3.50 / 3.67 Support: 3.00 / 2.63 / 2.20 ...

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Ethereum Intraday - We look to Buy at 1911 (stop at 1858) We look to buy dips. 1901 has been pivotal. We are trading at oversold extremes. Our profit targets will be 2048 and 2088 Resistance: 2000 / 2080 / 2160 Support: 1900 / 1800 / 1700 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and...

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CrowdStrike Short Term - We look to Sell at 156.68 (stop at 167.00) Preferred trade is to sell into rallies. Price action is forming a bearish flag which has a bias to break to the downside. Short term oscillators are moving lower. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our outlook is bearish....

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Plug Power Short Term - We look to Sell at 18.09 (stop at 19.96) We look to sell rallies. The 50% Fibonacci retracement is located at 18.09 from 23.49 to 12.70. Short term bias is bearish. The bias is still for lower levels and we look for any gains to be limited. Our profit targets will be 12.73 and 11.23 Resistance: 18.50 / 23.30 / 31.70 Support: 12.70...

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Micron Technology Short Term - We look to Buy at 66.27 (stop at 64.82) Preferred trade is to buy on dips. Previous support located at 66.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Expect trading to remain mixed and volatile. Dips continue to attract buyers. Our profit targets will be 71.40 and 74.49...

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Gevo Short Term - We look to Buy at 2.96 (stop at 2.70) A bearish Head and Shoulders is forming. 2.90 continues to hold back the bears. Previous resistance located at 4.08. Trading has been mixed and volatile. We look to buy dips. Our profit targets will be 3.63 and 3.98 Resistance: 4.08 / 5.24 / 7.88 Support: 2.90 / 1.83 / 1.00 Disclaimer – Saxo Bank...

Saxo Broker

Bitcoin Intraday - We look to Buy a break of 30752 (stop at 29997) We are trading at oversold extremes. A break of the recent high at 30725 should result in a further move higher. Posted a Double Bottom formation. 30725 has been pivotal. Our profit targets will be 32598 and 33198 Resistance: 31000 / 31400 / 32000 Support: 30000 / 29000 / 28600 ...

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Litecoin Intraday - We look to Sell at 72.96 (stop at 75.42) Further downside is expected and we prefer to set shorts in early trade. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. Levels close to the 38.2% pullback level of 73.00 found sellers. Upward pressure has...

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Air France Short Term - We look to Sell at 4.71 (stop at 4.90) Preferred trade is to sell into rallies. Previous resistance located at 4.70. The bias is still for lower levels and we look for any gains to be limited. Trading within the Channel formation. Expect trading to remain mixed and volatile. Our profit targets will be 4.24 and 3.75 Resistance:...

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Nikola Corporation Short Term - We look to Sell at 6.76 (stop at 7.51) Preferred trade is to sell into rallies. Previous support, now becomes resistance at 6.70. The 20 day moving average should provide resistance at 6.67. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels. Our profit targets will be 4.83 and...

Saxo Broker

Ethereum Intraday - We look to Buy at 1731 (stop at 1669) 1700 has been pivotal. 1730 has been pivotal. 1717 has been pivotal. Preferred trade is to buy on dips. With signals for sentiment at oversold extremes, the dip could not be extended. Our profit targets will be 1898 and 1948 Resistance: 2080 / 2140 / 2200 Support: 1950 / 1850 / 1700 Disclaimer...