Perhaps stupidly, we planned to use our Monday night report to encompass the popular Crypto currency items, all of them. It transpired, quite obviously, our ambition was foolish, the bandwidth of the varied Crypto’s proving quite a big job to map. Thus, we’re kicking off with Ethereum this week, will perhaps view Bitcon next week, and Ripple thereafter as the retail banks make quite a bit more sense than Cryptocurrency.
By our usual rules, Ethereum value is in a lot of trouble, the value of the supposed asset currently shuffling around at the start of a cycle which ends up with a minus price, obviously impossible.
When we muck around with crayons and trend lines, there appears to be a chance the market has realised Ethereum has been allowed to reverse too far. At present, the price is showing an unhealthy fascination with the Red uptrend since 2021. This sort of thing isn’t unknown and often provides the presage for some surprise positive movements. It is certainly the case ETHUSD could do with such a surprise as the Crypto price spiking downward to around -$590 would be as desirable as a politician showing up at a party or social event. As we’re located in Scotland, we’re more than justified in throwing ridicule toward the “trough” underclass of humanity. A standing joke is Nicola (blinks when lying) Sturgeon spent 9 hours saying “No Comment” in her interview with the police, when she told the media she was giving full and frank assistance to their enquiries. Even the police felt they had to issue a correction to her media statements.
Our suspicion is to anticipate panic recovery on the price of the imaginary currency. Should this actually be the case, we can allocate $1,725 as a potential trigger, once capable of promoting rises to an initial 1,867 with our secondary, when exceeded, at 2,069 dollars. And perhaps beyond to an eventual 2,529 dollars and the need for us to panic and urgently review our projections.
In this instance, we suspect a surprise recovery is on the cards for Ethereum.
FUTURES
FUTURES
| Time Issued | Market | Price At Issue | Short Entry | Fast Exit | Slow Exit | Stop | Long Entry | Fast Exit | Slow Exit | Stop | Prior |
| 11:18:34PM | BRENT | 9318.3 | 9300 | 9005 | 8180 | 9829 | 9764 | 9999 | 10234 | 9257 | |
| 11:25:56PM | GOLD | 4317.29 | 4269 | 4095 | 3829 | 4359 | 4358 | 4377 | 4413 | 4315 | |
| 11:22:19PM | FTSE | 10330.6 | 10267 | 10216 | 10150 | 10353 | 10416 | 10454 | 10510 | 10354 | |
| 11:24:48PM | STOX50 | 6033.6 | 5960 | 5942 | 5882 | 6023 | 6084 | 6126 | 6181 | 6039 | ‘cess |
| 11:20:38PM | GERMANY | 24501.5 | 24334 | 24177 | 23756 | 24571 | 24743 | 24849 | 25021 | 24558 | ‘cess |
| 11:58:44PM | US500 | 7416.4 | 7345 | 7305 | 7200 | 7415 | 7467 | 7488 | 7536 | 7412 | |
| 12:02:29AM | DOW | 50775.3 | 50656 | 50217 | 49709 | 50853 | 51273 | 51478 | 51783 | 50928 | |
| 12:51:44AM | NASDAQ | 29450.2 | 28915 | 28844 | 28561 | 29250 | 29702 | 29769 | 30116 | 29500 | Shambles |
| 12:55:13AM | JAPAN | 64791 | 63353 | 62947 | 61651 | 64450 | 65864 | 66083 | 66983 | 65364 | Illogical |
SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.
Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION
Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.
UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.
We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…
Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares
Click Epic to jump to share: LSE:AML Aston Martin** **LSE:AZN Astrazeneca** **LSE:NWG Natwest** **LSE:PMG Parkmead** **LSE:TW. Taylor Wimpey** **
********
Updated charts published on : Aston Martin, Astrazeneca, Natwest, Parkmead, Taylor Wimpey,
LSE:AML Aston Martin. Close Mid-Price: 41.38 Percentage Change: + 0.00% Day High: 0 Day Low: 0
If Aston Martin experiences continued weakness below 40.82, it will invar ……..
</p
View Previous Aston Martin & Big Picture ***
LSE:AZN Astrazeneca. Close Mid-Price: 13796 Percentage Change: + 0.00% Day High: 0 Day Low: 0
With a right shoulder throbbing from todays Covid-19 jag (my 12th, I think ……..
</p
View Previous Astrazeneca & Big Picture ***
LSE:NWG Natwest. Close Mid-Price: 599.2 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Above 604 should now trigger movement to an initial 610 with our secondary ……..
</p
View Previous Natwest & Big Picture ***
LSE:PMG Parkmead. Close Mid-Price: 18.5 Percentage Change: + 0.00% Day High: 0 Day Low: 0
Target met. Continued weakness against PMG taking the price below 18.5p c ……..
</p
View Previous Parkmead & Big Picture ***
LSE:TW. Taylor Wimpey. Close Mid-Price: 75.3 Percentage Change: + 0.00% Day High: 0 Day Low: 0
In the event Taylor Wimpey experiences weakness below 75.3p it calculates ……..
</p
View Previous Taylor Wimpey & Big Picture ***