rounded corner
rounded corner
top border

Ethereum (ETHUSD) Surges Above 2020, 2019 Highs


Bookmark and Share

Ethereum (ETHUSD) briefly surged today above the psychologically key 400 whole figure level, breaking above the 2020 and 2019 highs. Congratulations to longer term bulls who remained long ETHUSD or initiated ETHUSD longs after the March crash, with bullish developments profiled in theMarch 29th analysisand increasing upwards momentum citedApril 26th. Significantly, odds are elevated for a deeper, healthy pullback this week extending today's sharp intraday reversal. Nevertheless, following any consolidation this week, ETHUSD can be expected to resume its march towards the June/July 2018 highs and the key 500 figure, with odds increasing for a retest of the April 2018 high near 800 before year end. Weighing on the still upsloping weekly and daily MACD are the overbought weekly and daily RSI and Stochastics...Click here to freely preview this crypto market's fundamentals and industry fundamentals. Premium subscribers have access to all of this week's industry fundamentals, along with technicals and fundamentals on all top 3 crypto markets.

Ethereum (ETHUSD) Weekly/Daily

ETHUSD (Ethereum) Weekly Technical Analysis

ETHUSD (Ethereum) Daily Technical Analysis

Mylatest Bitcoin biweekly commentary (published Jul 28)withICE Futures Singaporeis now available.

BTCUSD S&P500 Correlation

Coffee Daily

Get your coffee today? You can now enjoy your brew withCoffee Daily - Tradable Patterns' Arabica and Robusta Coffee Futures technical analysis newsletter,published Monday to Friday before the London open. Write toinfo@tradablepatterns.comfor 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 forPremium MembersJun 29th.

Equities & ETFshas 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 allPremium Memberswho profited from these long equity/ETF ideas soon after they were initially profiled.

I will look to explore newlong/shorttrade ideas on Equities & ETFs withPremium Memberswith a target of 5 multi-week to multi-month swing trades each month. Technical analysis for Free Members will continue to be available each Saturday on the monthly and weekly charts for 5 Equity/ETF markets.

Join the world's largest asset manager and 3 of the world's 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns' technical analysis.Since becoming available on Bloomberg, Refinitiv and FACTSET, readers have included every single one of the global top 10 investment banks. If you represent an institutional investor or potential distribution partner, write toinfo@tradablepatterns.comto request Bloomberg, Refinitiv and Factset readership reports.

Also seen onFT (Financial Times),Interactive Brokers,ICE Futures Singapore,Amazon, Zerohedge,CNA,Spotify,Liquid (Quoine),Tradable Patterns (https://tradablepatterns.com)publishes 4 newsletters:Today's Top 3 Trades,Equities & ETFs, Coffee DailyandCrypto Weekly Outlook.

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.



Recent articles from this author



About the author


Before the launch of Tradable Patterns , Darren Chu, CFA, served as IntercontinentalExchange | NYSE Liffe's country manager for Australia, India, and the UAE between July 2010 and January 2014, expanding his role to look after Liffe business development in APAC ex-Japan/Korea until his departure mid April 2014.  His primary remit was developing relationships with Liffe clients, prospects and partners in the buyside (traditional and alternative asset managers), proprietary trading (high frequency algo as well as manual, point and click traders), bank, broker (institutional and retail), commodity trader and ISV community.  Key futures and options promoted included European/London rate benchmarks such as the Euribor, Short Sterling, Gilts, London/European index futures including the FTSE and CAC, London soft commodities (Robusta Coffee, Cocoa, White Sugar), Paris (MATIF) markets (Milling Wheat, Rapeseed), and NYSE Liffe US markets with the MSCI EM, MSCI EAFE, gold/silver, Eurodollar, US Treasury and GCF Repo futures being the focus.

 

Previously, Darren was with the TMX Group | Montreal Exchange for 4 years, marketing Canadian futures and options across North America, London, Singapore and Hong Kong.  Darren also launched and managed CMC Markets Canada's Chinese marketing and sales team, along with educational offering.  On the academic trail, Darren has been a frequent guest speaker at Canadian universities as well as an author of content for 3 derivatives courses offered by Canadian Securities Institute and mandatory for licensing of Canadian derivatives industry professionals.

 

Darren can be reached at +65 8118 8840 or via email at darrenchu@tradablepatterns.com.

 

 

 

contributing author since 11/21/2017 

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2020 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Terms of Use  •   Privacy Policy