LTCUSD - Intraday - We look to Buy a break of 117.20 (stop at 114.30)
A break of bespoke resistance at 117.00, and the move higher is already underway. The trend of higher lows is located at 105.00. Our short term bias remains positive. A move through 117.00 will confirm the bullish momentum.
Our profit targets will be 124.65 and 133.21
Resistance: 117.00...
Amazon - Short Term - We look to Sell at 3230.10 (stop at 3385.05)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 3200.00. 50 1day EMA is at 3200. The 50% Fibonacci retracement is located at 324.59 from 3762.15 to 2708.83. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to...
Ethereum - Intraday - We look to Sell at 2698 (stop at 2785)
Daily signals are bearish. Trend line resistance is located at 2700. 2725 has been pivotal. We look for a temporary move higher. Preferred trade is to sell into rallies. Short term momentum is bearish. Prices have reacted from 2815.
Our profit targets will be 2463 and 2383
Resistance: 2700 /...
Norwegian Air Shuttle - Short Term - We look to Buy at 12.49 (stop at 11.04)
We look to buy dips. Previous resistance, now becomes support at 12.00. 20 1day EMA is at 11.90. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 18.17 and 22.40
Resistance: 15.00 / 20.00 / 30.00
Support: 12.00 / 10.00 /...
NIO - Short Term - We look to Sell at 27.16 (stop at 29.98)
We look to sell rallies. Previous support, now becomes resistance at 28.00. We have a 61.8% Fibonacci pullback level of 28.26 from 33.80 to 19.31. 20 1day EMA is at 26.50. Further downside is expected although we prefer to sell into rallies close to the 27.00 level.
Our profit targets will be 19.36...
Bitcoin - Intraday - We look to Buy a break of 39303 (stop at 38588)
Short term bias is mildly bullish. A break of yesterdays high would confirm bullish momentum. Mild gains have been posted and the focus still remains for higher levels.
Our profit targets will be 41244 and 42144
Resistance: 39000 / 40000 / 41000
Support: 38000 / 37000 / 36000
...
Coinbase - Short Term - We look to Sell at 220.20 (stop at 238.84)
We look to sell rallies. Previous support at 220.00 now becomes resistance. 20 1day EMA is at 210.00. The primary trend remains bearish. The move lower was negative for sentiment and confirms our bearish bias. Further downside is expected although we prefer to set shorts at our bespoke...
QuantumScape - Short Term - We look to Sell at 19.53 (stop at 22.39)
Preferred trade is to sell into rallies. The bias is still for lower levels and we look for any gains to be limited. The medium term bias remains bearish. A higher correction is expected. The trend of lower lows is located at 13.50. Previous support at 20.00 now becomes resistance.
Our...
Ethereum - Intraday - We look to Buy at 2374 (stop at 2291)
2300 has been pivotal. We are trading at oversold extremes. Bullish divergence is expected to support prices.
Our profit targets will be 2595 and 2615
Resistance: 2550 / 2600 / 2720
Support: 2370 / 2300 / 2160
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for...
AMC - Short Term - We look to Sell a break of 20.12 (stop at 22.18)
Trades with a bearish descending triangle formation. A break of bespoke support at 20.55, and the move lower is already underway. The bias is still for lower levels and we look for any gains to be limited. Daily signals are bearish. We look to set shorts in the early trade.
Our profit targets...
Micron Technology - Short Term - We look to Sell at 94.40 (stop at 99.20)
Posted a Bearish Shooting Star formation. This is a bearish reversal signal and the lack of progress higher has confirmed a sentiment shift. We look for losses to be extended today. 95.00 continues to hold back the bulls. The 50% Fibonacci retracement is located at 82.03 from 65.60 to...
Bitcoin - Intraday - We look to Buy a break of 39202 (stop at 38178)
Short term bias has turned positive. 38946 has been pivotal. Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 39200, which will confirm the bullish sentiment. We are trading at oversold extremes.
Our profit targets will be 41987 and 42887
...
Plug Power - Short Term - We look to Sell at 24.46 (stop at 27.27)
We look to sell rallies. Previous support at 24.00 now becomes resistance. The bias is still for lower levels and we look for any gains to be limited. Our overall sentiment remains bearish looking for lower levels. Further downside is expected although we prefer to set shorts at our bespoke...
Nikola Corporation - Short Term - We look to Sell at 9.22 (stop at 10.48)
Preferred trade is to sell into rallies. Previous support, now becomes resistance at 9.50. 50 1day EMA is at 9.65. The primary trend remains bearish. Our overall sentiment remains bearish looking for lower levels.
Our profit targets will be 5.09 and 4.10
Resistance: 9.50 / 10.00 /...
Micron Technology - Short Term - We look to Buy at 79.23 (stop at 73.95)
Preferred trade is to buy on dips. We have a 61.8% Fibonacci pullback level of 78.15 from 65.60 to 98.45. The bias is still for higher levels and we look for any dips to be limited. Previous resistance located at 96.50. Offers ample risk/reward to buy at the market.
Our profit targets...
Ethereum - Intraday - We look to Sell at 2749 (stop at 2851)
Daily signals are bearish. Trading within a Corrective Channel formation. Reverse trend line resistance comes in at 2730. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. 20 1day EMA is at 2790. We look for a temporary move higher.
Our profit targets...
Visa - Short Term - We look to Buy at 217.06 (stop at 208.56)
We look to buy dips. Previous resistance level of 220.00 broken. 50 1day EMA is at 213.50. 20 1day EMA is at 213.00. The bias is still for higher levels and we look for any dips to be limited.
Our profit targets will be 236.42 and 246.98
Resistance: 237.00 / 250.00 / 260.00
Support: 220.00 /...
Bitcoin - Intraday - We look to Sell a break of 35488 (stop at 36444)
A break of the recent low at 35500 should result in a further move lower. Bespoke support is located at 35500. There is no clear indication that the downward move is coming to an end. The bias is to break to the downside. Daily signals are bearish. We look for losses to be extended today....
