🚀 Today's Big Ideas: Ethereum (+44.7%), Alphabet (Google) (+6.3%), Ethereum (+42.7%)
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TODAY’s Big Ideas:
Ethereum sets up for +44.7% rally in 2 months - short-term high
ALPHABET poised to seasonally rally by +6.3% during the next 90 days
Ethereum sets up for +42.7% rally in 2 months - range break
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(1) Score 8.8 (out of 10): Ethereum sets up for +44.7% rally in 2 months
What’s Going On Here?
A soft date target has now been set for the Ethereum merge to happen during the week of September 19. The Merge is seen by many analysts as a bullish event.
Why Now?
Ethereum has reached a new shorter-term high. Previously, during similar occasions, Ethereum shares had a median return of +44.7%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for Ethereum received a high score of 8.8 (out of 10). This insight was generated on 2022-July-15 with last price of 1247.31.
What’s This ETH About?
Ethereum has reached a new shorter-term high. Previously, during similar occasions, Ethereum shares had a median return of +44.7%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90% hit ratio). This buy signal for Ethereum received a high score of 8.8 (out of 10). This insight was generated on 2022-July-15 with last price of 1247.31.
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 1804.67 (+44.7%) has been reached. Based on Ethereum’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 1112.51 (last price at 1247.31), which is equivalent to a -10.8% decline.
Returns during similar periods:
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(2) Score 8.6 (out of 10): ALPHABET INC-CL A poised to seasonally rally by +6.3% during the next 90 days.
What’s Going On Here?
Alphabet to slow hiring in second half of 2022 as economy sputters.
Why Now?
ALPHABET INC-CL A indicates an interesting 90 days seasonal set up. During similar occasions, ALPHABET INC-CL A shares had a median return of +6.3% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for ALPHABET INC-CL A received a high score of 8.6 (out of 10). This insight was generated with last price of 2207.35.
What’s This Company About?
ALPHABET INC-CL A is in the Web Portals/ISP business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: GOOGL US.S.
What’s My Risk / Reward and Time Horizon?
We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 2345.49 (+6.3%) has been reached. Based on ALPHABET INC- CL A’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 2090.15 (last price at 2207.35), which is equivalent to a -5.3% decline.
Returns during similar periods:
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(3) Score 8.7 (out of 10): Ethereum sets up for +42.7% rally in 2 months
What’s Going On Here?
Yesterday (see insights (1)), LongShortBets already had a monster Ethereum buy signal as September 19 is a soft date for the Merge – and Ethereum prices are already higher by +10% since yesterday’s signal. Here is another signal:
Why Now?
Ethereum has triggered a new price range signal. During similar occasions, Ethereum shares had a median return of +42.7%, over the following 2 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for Ethereum received a high score of 8.7 (out of 10). This insight was generated on 2022-July-16 with last price of 1,342.65.
What’s This Company About?
Ethereum is in the crypto business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: ETH.
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 1916.09 (+42.7%) has been reached. Based on Ethereum’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 1,205.85 (last price at 1,342.65), which is equivalent to a -10.2% decline.
Returns during similar periods:
You might also like: Score 7.4 (out of 10): FEDEX CORP sets up for -6.1 drop in 3 months
For more investment insights, please visit us at www.LongShortBets.com