Annual forecast for Ethereum (2021)

Ethereum market (COIN:ETHUSD) is currently bullish in the context of a medium-term uptrend. Price was bullish until the middle of May 2021 when it plummeted. But right now, buyers are pushing the price upwards again.

 

4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the right hand side of the chart. In the short-term, all the EMAs are now pointing upwards as price is above them.

 

Regardless the recent crash in the market, the outlook on ETHUSD is bullish. Therefore, bearish corrections from now going forwards are expected to be temporary, as higher highs are anticipated in the market.

 

Dips ought not to take price below the EMAs 20 and 50 at worst, while the EMA 200 will serve as an obdurate accumulation territory.

 

The outlook on Ethereum remains bullish for this year and price could reach the distribution territories at 3000.00, 4000.00 and ultimately 5000.00 before the end of this year.

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html

 

 

 

Annual forecast for Bitcoin (2021)

Bitcoin price (COIN:BTCUSD) is bearish in the short-term, but bullish in the long-term. Price dropped massively in May 2021, and then consolidated until mid-July and then rose massively.

 

The market is currently above the upper Trendline, and the RSI period 14 is also above the level 50, signifying a northwards propensity. The current bullish momentum is no under threat, as long as price does not go into the Trendlines.

 

The bias on BTCUSD is bullish for this year, despite any pullbacks along the way. Pullbacks into support levels should be seen as long-term buying opportunities.

 

Bitcoin is expected to go further northwards in spite of all odds to reach the resistance levels at 60,000.00, 80,000.00 and 100,000.00 before the end of this year.

 

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: Technical analysis 

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Annual forecast for Nasdaq 100 Index (2021)

 Nasdaq 100 price (NASDAQI:NDX) is a clean bull market; a roaring bull market. The bullish bias has been existing since February 2021. This is a trend that is supposed to continue.

 

Short selling is not recommended in this market as any pullbacks will eventually turn out to be opportunities to buy at lower rates, and in the context of an uptrend.

 

Price is above the EMA 20, and the William’s % Range period 20 has remained in the overbought region for a long time. Only long trades are advised here – by buying of short-term pullbacks.

 

The bias on Nasdaq 100 is bullish for this year, and price can still reach the resistance lines at 15,000.00, 16,000.00 and 17,000.00 before the end of this year.

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html  

 

Annual forecast for Lloyds Banking Group (2021)

Lloyds stock (LSE:LLOY) was bullish from April 2021 till June 2021; when the price began to come downwards. The trend is bearish in the meantime and further downward movement is envisaged. Since June 2021, the market has been coming down gradually, and it has now formed a bearish bias.

 

Although the ADX period 14 is around the level 20 (showing a lack of momentum at the present), the DM+ is kind of below the DM-, meaning that sellers still have upper hands.  MACD, default parameters, has its signal lines and histogram below the zero line. There is a Bearish Confirmation Pattern in the market.

 

By the price action and reality in the market, the bias on LLOY is bearish for this year, and price is supposed to reach the support lines at 45.00, 42.50 and 40.00. Any rallies would be temporary as it would proffer opportunities to sell short.

 

Azeez Mustapha

 

Market Analyst, Trading Signals Provider and Coach

 

Teach Yourself Technical Analysis: Technical analysis