Ethereum (ETHUSD) is hesitating in its upchannel (since the March low), consolidating just below the psychologically key 400 whole figure level. Significantly, any US election-inspired volatility November 3 could see ETHUSD break uptrend support (on the daily chart) as part of a deeper profittaking within a major uptrend as seen by the higher 2020 high and low than the 2019 high and low. Any reclaiming of the psychologically key 400 whole figure level following the election could dramatically increase the probability of a retest of 500 before year end. 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. The weekly RSI and Stochastics are tiring, offsetting the somewhat bottomish weekly MACD.
Ethereum (ETHUSD) Weekly
Date:Dec 1, 2020 Tues 10am EST
As this eventful year comes to an end, traders are looking ahead to 2021 with some economies expected to reopen, while others remain closed. Given some financial industry titans were caught off guard in 2020 by not anticipating the March global equities selloff, and more than a few missing the record breaking gains since, traders have increasingly asked how they could have better predicted either move. To cut through some of the media noise around the impact of Covid-19, Tradable Patterns Darren Chu will comment on potential trend reversal and momentum opportunities going into the new year. Darren will apply technical analysis to the monthly and weekly charts of the most widely traded markets in his futures and FX Watchlist, as well as to Bitcoin and a basket of US mid and large cap equities. The audience will have an assumed intermediate level understanding for technical analysis, futures, FX, Bitcoin and equities.
Bitcoin (BTCUSD) is nearing its 2020 high ahead of the highly anticipated US election Nov 3, with increasing expectation for a contested resultalong with rising institutional adoptiondriving inflows into BTCUSD, offsetting recent pressure from concerns over security/regulatory risks at centralized crypto exchanges like Kucoin, Bitmex and OKEX. Get thelatest Bitcoin biweekly commentary(published Oct 20)withICE Futures Singapore.
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 firstname.lastname@example.org pricing details and sample reports as of the July 13 launch, illustrating how the massive moves since were hinted through pattern recognition.
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.Premium Membersalso have access to monthly and weekly chart technical analysis for 5 Equity/ETF markets each Saturday.
Join the world’s largest asset manager and 2 of the world’s 5 largest (and 5 of the 10 largest) hedge funds by AUM as daily readers ofTradable Patterns‘ technical analysis.As seen onBloomberg,Refinitiv,FactsetandInteractive Brokers, readers include global top 10 investment banks.If you represent an institutional investor or potential distribution partner, write email@example.com 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.
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.