$EBON to Launch Cryptocurrency Exchange by the End of March 2021Ebang International to Commence Beta Testing on March 15, 2021 and Launch Cryptocurrency Exchange by the End of March 2021
Our upcoming cryptocurrency exchange will accelerate the Company's development in the financial technology industry. In addition to establishing a digital asset financial service platform, the Company will also explore other business opportunities in establishing mining farms and cryptocurrency mining to optimize the structure of the global cryptocurrency platform as well as our offerings in the blockchain industry value chain.”
There is no guarantee that the Company’s operation of its cryptocurrency exchange will commence as planned or at all, or that such business operation will improve the Company’s financial performance or results of operations. Shareholders are cautioned not to place undue reliance on this press release or the forward-looking statements contained herein.
finance.yahoo.com
EBON trade ideas
EBON pops on +500% volume averageEBON pops on +500% volume average.
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
$EBON expanding channel$EBON is a crypto related stock that hasn't gone parabolic yet, my main interest here is the expanding channel, seeing the first 2 advances, I am confident a 3rd will occur. The potential 3rd peak is equal distance between the first and second, so each parabolic top is 31 trading days apart, which puts the stock around $20 by the end of March 2021. I also think there is a high probability that after the 3rd peak, the stock does not return to the lower trendline, but instead only does a 0.5 - 0.618 retracement before breaking out of the channel. If/when the third peak is reached I will update my outlook on the stock with potential targets.
***I personally own shares of $EBON***
EBON... is this the bottom?$EBON, as blockchain stocks (mara, riot, sos) are seeing decent movement with Bitcoins push this past weekend, Ebon seems to be lagging behind, trending in a nice channel up. at the bottom of the channel here with lots of upside to run. Good point to long here with shares or get leaps (options premiums are cheap now and not jacked up). Watching for reversal as we break this triangle to go for that gap fill at $10.87. If BTC continues to this flat choppy correction ebon will be very choppy as well. If BTC rallies to 55k+ blockchain stocks will rally as well.
Key Levels
Support: $6.53, $5.79 (oversold under this level)
Resistance: $7.18, $8.56, $9.98
Ebang International Holdings (EBON) Bull Run of the Galaxy!!!Ebang International Holdings Inc
NASDAQ: EBONDATE: 02/25/2021
EBANG International Holdings Inc. is a relatively lesser-known company in the realm of crypto. Sitting at an 1.02B market cap and share price of $7.36 USD, it is not nearly the smallest player, however when compared to MARA and RIOT with respective 3.53B and 3.14B it is clearly undervalued.
What does Ebang International Holdings Inc do and make them different?
Ebang is creating a vertical platform for crypto and it will save a lot of money. The best part is there will be multiple channels of cash flow.
FINANCIALS (Unaudited Results for the first six months of 2020)
June 30, 2020Total assets: 75,076,267Total liabilities: 57,658,628
December 31, 2019Total assets: 82,611,046Total liabilities: 57,040,422
REASON ONE
Ebang is an ASIC Chip Designer/Crypto Miner Manufacture
“Ebang International Holdings Inc. is a blockchain technology company with strong application-specific integrated circuit (ASIC) chip design capability. With years of industry experience and expertise in ASIC chip design, it has become a leading bitcoin mining machine producer in the global market with steady access to wafer foundry capacity.
With a shortage of ASIC chips globally, manufacturers just aren’t manufacturing enough products for everyone. This even includes Nvidia, which is gigantic. Nvidia even released their CMP HX chip for mining.
Ebang next gen miners are set out to be released soon 2nd Quarter of 2021 utilizing their 8nm/7nm ASIC Chip. With Crypto being more popular, it's very likely the chips have been overclocked to boost overall performance to squeeze everything they can push out.
R&D: Currently designing 5nm ASIC Chip
Important Note: Ebang newest miners are not released yet and probably is going undergoing some tweaks prior to their release due to BTC sudden bullrun.
REASON TWO
Ebang is a Server Farm
Ebang started machine hosting in 2017 and as of 2021, they have expanded. Crypto miners can be rapidly deployed and can be set up in about 1 day. It’s expected Ebang new crypto exchange will be hosted by Ebang datacenters too to reduce cost in maintenance.
REASON THREE
Ebang has its own Crypto Exchange. With Coinbase valued in the billions, it's possible that their exchange can attract a small percentage of these users too.
Coinbase's market cap the week after its IPO will be around $63 billion, this is huge!
Logic Theories: For 2020, there’s definitely a huge impact from COVID-19 as noted from their CEO. This has definitely impacted their business. Cash holding is definitely down significantly probably due to future investment of their crypto exchange and upgrades in their mining host services (This can be seen by their non-current assets report). Property, plant and equipment net is 13,224,761 in 2019, compared to 20,904,153 in 2020.
Their current liabilities for their debts seems to be completely repaid but there was an increase in their long-term loans - related party, meaning they did this to clear up some credit to increase new investment for new projects.
Without a doubt, I believe Bitcoin will easily hit $75,000 per BTC to $100,000 per BTC. So for the next 6 months to 1 year, EBON is definitely going to be a BUY.
Bitcoin is NOT A FAD, if it was it wouldn’t have come back this strong. Numbers don’t lie and Square/PayPal/Tesla have already invested into Bitcoin, why? Because more people are starting to notice it, more countries are using crypto integration with their payment systems.
EBON Price Target: $12.00 USD (Realistic Estimation)EBON Estimated High: $35.00 (This number is relatively high because until Ebang finish their exchange and get a high rate of customers, this won’t happen)
EBON RISKS: The only thing that can ruin everything for EBON is if BTC crashes below it’s profit point under the value of $25,000 per BTC and we all know that’s not happening anytime soon because hedge funds and ETFs are holding to keep values up.
This does not constitute financial advice, as with all investments it is your financial responsibility to conduct your own due diligence and ask whether the investment aligns properly with your short-term and long-term strategies.
Buy EBONAnother buy and hold here, big potential for long term growth, love this sector
Ebon
"engages in the research and development of ASIC chip technology used in blokchain applications in China. The company also manufactures bitcoin mining machines."
Expect 14 to go soon whilst the crypto market continues to explode
$EBON to Launch Bitcoin Mining BusinessEbang International to Launch Bitcoin Mining Business
Ebang International Holdings Inc. (Nasdaq: EBON), a blockchain technology company in the global market, today held a board meeting and passed a resolution (the “Resolution”) to launch Bitcoin mining business.
According to the Resolution, the Company plans to operate its Bitcoin mining business by adopting a combination of deploying self-manufactured mining machines and mining machines purchased from other manufacturers as well as leasing computing powers from other mining farms.
At the same time, the Company also expects to invest in data center constructions to provide support for Bitcoin mining activities.
finance.yahoo.com
Too risky but could be rewarding as well..!Potential gain:85%
Reward/Risk:3.5(25% loss)
Timeframe: 1-3 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Moshkelgosha