As the remainder of this volatile trading, the week starts to come to a close. It seems the markets are experiencing a hangover from the US Fed meeting and possible calm before the storm as US Equities options expiration approaches on Friday, December 17th. Our trade entry software is starting to trigger buy price targets within shorter time frames (4 and 8-hour bars) for cryptocurrencies Ethereum, OMG Network, and Link. We are going to continue to watch these names and see if a daily bar trade signal is initiated prior to entering the market.
Watchlist:
|
Cryptocurrency |
Ticker |
Entry Price |
Target Price |
Stop Price |
Entry Date |
|
Ethereum |
ETH/USD |
$4,115.50 |
$4,225.00 |
||
|
OMG Network |
OMG/USD |
$7.10 |
$8.45 |
||
|
LINK |
LINK/USD |
$21.22 |
$25.45 |
We still believe there will be a rally in the last few weeks of the year. We will monitor the markets and wait for long position setups to trigger.

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