2 Pitch forks are better than 1I have no Idea what im doing, but it looks cool.
Messing with Pitchforks.
Looks like a bull channel and then another one... as EBON is actual being very bearish... this damn company. this damn market.
Well hopefully it's "shorted" like every stock on the market.
PT of 7. So I can Exit.
EBON trade ideas
EBANG!14:57Apr 06, 2021MT Newswire
Ebang International's (EBON) shares slumped about 14% on Tuesday after short seller Hindenburg Research accused the company of using capital proceeds to strike "opaque deals with insiders and questionable counterparties."
While the company bills itself as a "leading bitcoin mining machine producer," its claim is not backed by evidence. Hindenburg believes the company has burned through its IPO and secondary proceeds. Ebang's Ebonex cryptocurrency exchange also allegedly reports fictitious volumes.
"Ebang is yet another cautionary tale for inexperienced retail investors enthused by anything crypto-related," Hindenburg said.
I SMELL CAP.
EBON How far will BTC take us? Indecisive at momentNot financial advice
I remain neutral. My better judgement is telling me its coming down. The pattern shows its wanting to come up.
Very unique area for EBON right now.
I'd wait for some confirmation before entry.
9.10 mark is key to break thru.
Everything pretty self explantory on the chart.
Looking like we'll have a rejection at 60k for bitcoin
So I dont anticipate this stock moving a whole lot in the coming days.
Maybe the 10ish range if we can get past the 9.10 mark.
Be careful on your entries
Remember if bitcoin loses 3-5% you lose 15-20% on this stock.
If anything bitcoin will try and hold the 54k range but we still not out of the woods yet.
Need a decisive daily close on bitcoin above 58700.
Not so sure of that at the moment.
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$EBON PT 12 and higher, Three Drives Pattern...Ebang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines in China, the United States, Hong Kong, and internationally. It also provides mining machine hosting services that enable customers to operate mining machines remotely, as well as offers routine maintenance services. In addition, the company engages in the research, development, manufacture, and sale of fiber optical telecommunication products, including PDH fiber optical multiplexers, E+E fiber optical multiplexers, 1+1 dual fiber interface back-up fiber optical multiplexers, voice fiber optical multiplexers, date video fiber optical multiplexers, fiber modems, protocol converters, optical fiber transceivers, timeslot multiplexers, PAS repeaters, and others, as well as transmission network and converged communication products. Further, it offers enterprise convergent terminal products, including gigabit passive optical network, enterprise cloud gateway devices, industrial Internet of Things access devices, and business enterprise smart wireless access devices. The company offers Bitcoin mining machines under the Ebit brand. It serves blockchain and telecommunications industries. The company sells its blockchain products directly, as well as through its website; and telecommunication products under the EBANG brand name primarily through supplier contracts. Ebang International Holdings Inc. was incorporated in 2018 and is headquartered in Hangzhou, China.
Ebon Game PlanHere is my EBON game plan I made this couple days ago but posting it again. I do see it dropping under $4 but this does not mean its a bad stock just following the trends and inverter points.
this is not financial advise, these are just my ideas and predictions.
My PT on EBON is $10.50
Good luck.
EBANG Tested Key Support TodayEBANG dropped off a cliff after news of Hedge Fund big short position. Price fell to briefly test key support at 4.9. For those who are new, EBANG is a crypto proxy stock. It's main business is manufuturingg software and mining hardware in blockchain/crypto industry.
Even with this massive bearish news, I still smell opporutnity here. Bitcoin is currently on the verge of breaking 60,000 level and set new highs. In this scenraio, it's hard to imagine that EBANG will continue to fall. As bitcoin gets closer to 100,000, I belibe it will drag EBANG higher. Not to mention, there's also a big short interest in this stock.
EBON Here is what i am seeing in EBON stock, I personally do not own any shares but if it does fall the the levels indicated i will be making buys. I am not a financial advisor and only provide what i see.
I see a lot of pullback due to Hindenburg report but this is normal. This stock has long term potential not like SOS, MARA and RIOT but will play a nice play in the crypto mining sector.
Please let me know what you think.
Here we go again!! Easy money!!! Back to $12 ?!?!Double bottom!!. Also, as bitcoin will be setting all-time highs in the coming days, Ebon could go up significantly. They are also in the process of releasing their crypto trading platform which could be huge!!
This is not financial advice, please do your own dd before investing.
Thanks,
Ebang be ready at 12, again?I am not too bullish no more on Chinese miners. Mainly for political reason. Biden is like Trump, they are out of ammunitions, so influencing US stock market is at least what he can do, to restrict US funds going to China...
So Ebang, CAN or Cnet etc are good Chinese tech firms, but we see such a huge volatility, with no higher lows... therefore hard to predict. Hence, just short term only.
So, if Mara, RIOT and Bitcoin all go up, and if bitcoin make a new ATH, I see EBON touches at least 10$, again, before a drop, so sad...
$EBON 10.4 Blockchain Target 19.1Key level Black trend line between recent major tops. Possible rejection from that line too but volume suggests uptrend . STOP AT 8.3 Note: its highly affected by Crypto ... Ebang International Holdings, Inc. is a blockchain technology company. It engages in the research and development of ASIC chip technology used in blockchain applications in China. The company also manufactures bitcoin mining machines. Ebang International Holdings was founded by Dong Hu in January 2010 and is headquartered in Hangzhou, China.
EBON and EBANG down to 9.25 C&H Then onto 18Not financial information.
I'm short short term but bullish long term.
Short to 9.25 then onto 17-18.00
Ebon or EBANG has good news coming its way.
The news was bought and still may see it go to 13.00 before 9.00 retrace.
Heavily correlated with Bitcoin. So like all Bitcoin's heavily influenced stocks.
Expect sizeable gains and losses all in short succession. 20-30% swings.
Its just the way it is.
Cup amd handle pattern. Look for 9.25 retest to start the handle.
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$EBON can rise in the next daysContextual immersion trading strategy idea.
Ebang International Holdings Inc., through its subsidiaries, engages in the research, design, and development of application-specific integrated circuit chips and manufacture of Bitcoin mining machines in China, the United States, Hong Kong, and internationally.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $11,78;
stop-loss — $9,47.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Thanks for being with me!
EBON Trending: crypto & blockchain stock to buy.MACD , RSI all looking great. We have a HH and LL.
BTC has a nasty impact on EBON, so mind BTC. For this to continue to rise, BTC must be healthy bullish.
EBON, assuming BTC to hold, might pop and try to reach it's competitor RIOT Blockchain , trading at 63$/share
Bands suggest a break out of upper range.
Holding momentum above 14$ can confirm a bullish momentum.
Ebang be ready at 9 My last post said Ebang be ready at 15. Yes we made it, then this brutal drop to 5, which I am sure has burned many many small investors. In fact I am sure, big playas were shorting everything to make profits.
Now we can HOPE, and if everything is calm down, we can go to at leat 9, according to this chart, in the short term.
I don't know when can we see FOMO again...