Ethereum (ETHUSD) Consolidating After Gaining Nearly 100% Post-Xmas

Ethereum (ETHUSD) has formed a massive weekly Hammer, where it's still red but just shy of the prior week (and January)'s high. Significantly, ETHUSD's strong bounce intraweek from a deep consolidation to below the psychologically key 1000 whole figure suggests a low likelihood for a further pullback in the coming month or so back to the prior upchannel resistance (on the weekly chart) around 700. More likely in the same period, is a rally extension effort to retest the all time high. Congratulations to longer term bulls who remained long ETHUSD or initiated ETHUSD longs after the March crash, with bullish developments profiled in the March 29th analysis and increasing upwards momentum cited April 26th. The weekly RSI, Stochastics and MACD are rallying or consolidating recent gains, with the weekly RSI and Stochastics overbought, and weighed on by the negatively crossing daily MACD.

Ethereum (ETHUSD) Weekly/Daily

Click here to read Ethereum's fundamental analysis, industry fundamentals, along with technical and fundamental analysis of Bitcoin and Ripple

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Bitcoin (BTCUSD) Surges to 35k

Bitcoin (BTCUSD)'s monthly, weekly and daily RSI and Stochastics are overbought but still mostly sloping up. Get the latest Bitcoin biweekly commentary (published Jan 5) with ICE Futures Singapore.

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Bitcoin/DeFi Webinar Now Available

Honoured to share the stage with Apollo Capital and Intercontinental Exchange in discussing what DeFis tremendous growth means for Bitcoin and broader crypto adoption.

Crypto Weekly Outlook

Crypto Weekly Outlook



Coffee Daily

Get your coffee today? You can now enjoy your brew with Coffee Daily - Tradable Patterns' Arabica and Robusta Coffee Futures technical analysis newsletter,published Monday to Friday before the London open. Write to info@tradablepatterns.com for pricing details and sample reports as of the July 13 launch, illustrating how the massive moves since were hinted through pattern recognition.

Coffee Daily

 

Equities & ETFs

Latest trades published for Premium Members Jan 5th.

Equities & ETFs has taken on a new format where it is now an Entries/Exits style service inspired by technical analysis on a collection of equities and ETFs. The 25 equities and ETFs initially profiled for their beaten down, trend reversal potential, between April 17 to May 22, 2020, have mostly ran up tremendously since then, and are assumed to be closed trades as of June 10th using the day's opening price. Congratulations to all Premium Members who profited from these long equity/ETF ideas soon after they were initially profiled.

I will look to explore new long/short trade ideas on Equities & ETFs with Premium Members with a target of 5 multi-week to multi-month swing trades each month. Premium Members also have access to monthly and weekly chart technical analysis for 5 Equity/ETF markets each Saturday.

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Today's Top 3 Trades, Equities & ETFs, Coffee Daily, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.