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Saturday, July 25, 2020

Easyjet elicits a gloomy future

Easyjet shares (LSE:EZJ) have been involved a free fall, owing to selling pressure in the market. From February till May 2020, price plummeted seriously and remained depressed. A bullish effort was in place in late May and early June, which is followed by the current bearish run (expected to continue).

 

Price has already gone below the lower Trendline, and it is heading downwards. The RSI period 14 is below the level 40, heading towards the level 30, which might also be breached to the downside. Really, there could be some bullish corrections along the way, the like of which was seen in late May and early June, but price would continue to go downwards.

 

The outlook on EZJ is bearish, and the initial target is 400.00, which could be breached to the downside, going further southwards.

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Trading realities: Trading realities 

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

 

Buy and sell Perfect Money/Payeer/BTC/AdvCash; get funded quickly: www.ituglobalfx.com.ng

 


Nasdaq 100 price analysis: NDX to go upwards again

Nasdaq 100 stock (NASDAQI:NDX) recently experienced a minor correction in the context of an uptrend. That was a normal action in the market as it is not expected to go up in a straight line. In a normal uptrend, a series of higher highs and higher lows are the norm.

 

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top right hand of the chart. All the EMAs are sloping upwards, confirming the current bullish bias in the market.

 

The market was bullish before March 2020, when it dropped sharply, only to start rising significantly in April till now. There is a minor pullback which causes the price to test EMAs 10 and 20; and as long as EMA 50 is not tested, no pullback should be taken serious.

 

A rise higher in price is expected from here, which would make NDX reach the supply zones at 11,000 (which was previously tested), 12,000 and 13,000. These are the targets for the remaining part of this year.

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Trading realities: Trading realities

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha


Sunday, July 19, 2020

Why I set $500 as my target for Ethereum (ETH) – Price analysis

Ethereum (COIN:ETHUSD) reached a yearly low in March 2020 when it fell below $100. Following that, price began to move upwards gradually, before it started to consolidate from June 2020.

 

Price is making effort not to go below the EMA 21; but the Williams’ % Range period 20 is

moving downwards, and it may even reach the oversold region.

 

However, as long as price is not significantly below the EMA 21, any upward slope in the Williams” % Range would become a “buy” signal. The market is expected to go further upwards, no matter the pullbacks along the way.

 

Just recently, Ethereum was around $500 (it was even far higher than that before), but it later nosedived.

 

Now, $500 is my initial target for ETH, which is expected to be reached in less than 2 years to this time. This expectation may be realized sooner than that; and until then, I will hold my position.

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Trading realities: Trading realities 

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

 

Buy and sell Perfect Money/Payeer/BTC/AdvCash; get funded quickly: www.ituglobalfx.com.ng

 


Bitcoin price analysis: BTC has a knack for disappointing unrealistic investors

 

Bitcoin (COIN:BTCUSD) went seriously downwards in March 2020 when it moved briefly below the $400 level. Since then, price went upwards gradually until May 20; and it has consolidated till now.

 

ADX period 14 is almost above the level 40, showing a considerable amount of momentum in the market. DM+ is also above DM-, which signals bulls’ domination. MACD default parameters, has neither the histogram nor the signal lines above or below the zero line. The signal lines and the histogram need to move significantly above or below the zero line before a directional bias can be formed.

 

Based on historical records, investors thought that BTC would skyrocket significantly following its recent halving, but they have been disappointed big time. Yes, BTC would eventually go upwards (even beyond what most analysts think), but no-one knows when that will be. It may be next week, and it may be next year or even after 3 years. Bakkt and DeFi are just noises.

 

This cryptocurrency has a knack for going against investors’ expectation: It would go upwards only when most people have given up on it. What happened in 2017 (astronomical gains) was contrary to most investors’ expectation and what happened in 2018 (significant losses) also contradicted what most investors expected. The year 2020 will not be different.

 

Right now, BTC is ranging and it would break out eventually, most probably to the upside. However, the gains may not be as significant as investors want, and it may nosedive following that.

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Trading realities: Trading realities

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha


Friday, July 10, 2020

AN UPCOMING SERVICE – A NEW WAY TO MAKE MONEY

 Hello Traders:

 

We are launching a massive online project very soon... This is a brand-new service that Nigerians have never seen (the first of its kind).

 

It will revolutionize how Nigerians make money online.



 

Yes only qualified Nigerians would benefit from this. The service is outstanding and intriguing since it is a website that enables you to earn income from your knowledge. You do this by making research and gathering information that confirms your knowledge, and you then make prediction based on the knowledge. The result of your prediction will eventually earn you money.

 

We will launch this soon and you will be duly updated.

 

For more information, please go here: https://www.predictmag.com/