According to the Cosmic Channel Lite indicator, the price has broken a 2 day minor resistance level as indicated by 2 Cosmic Markers Lite markers, reversed down and stopped at another local Cosmic Rays Lite support. If the price rises above the last minor resistance level, the next major resistance lies around $28k.
The absence of Cosmic Markers while the price is hovering below Cosmic Gravity Major Resistance is a bullish signal. If the price breaks through on up the next level to watch will be Cosmic Gravity Top Resistance
After moving below the Cosmic Channel Basis Line the price fell until Cosmic Channel Lite Support and stayed hovering below that level. The current Cosmic Rays Lite resistance line is on its way down towards the price and is projected to meet it in the next several hours. This should be a key moment to decide the next major trajectory the price will take.
On the 1H timeframe the price is holding above Bottom Support and on the 15 minute the price has gone back up above Bottom Support while the Basis Line has turned bullish, suggesting a bullish movement is next. The next common resistance for these timeframes intersects at 1H Major Support and 15 minute Basis Line .
Price is approaching major 15 minute resistance where the long target is set at 22.2k. If this resistance is broken the upward potential is not limited by nearby minor resistance.
When levels overlap across timeframes, in addition to acting as a strong price "wall", the point of overlap often also acts as a price magnet, attracting the price to test its strength. This is the situation shown in the chart, where both resistance and support overlap across the 6h and 15m timeframes. The short position stop and target are set accordingly.
The nearest major Cosmic Channel Lite support level lies at 21.4k, where the short target is set. The stop is set minimally above Cosmic Rays Lite support, which the price has recently broken below.
Here are the main support and resistance levels on the little known but historically precise 23 hour timeframe, using the auto-generated short term levels of Cosmic Rays Lite and auto-generated long-term levels of Cosmic Channel Lite : 24.5 (short-term resistance) 23.5 (long-term resistance hasn't been broken since June 2022) 22.6 (short-term support)
Coinciding with talks of recession, the Baltic Dry Index (which can be thought of as the cost of international shipping of primary goods and so an economic indicator) is approaching the lows seen during 2020. With a 60% drop left to the 1D Cosmic Channel Lite support and Cosmic Markers Lite not yet flashing the strongest support signals the prognosis is...
1D ETHUSD has broken above the Cosmic Gravity support channel and found new resistance at the bottom of the inner channel. Should it also break above this resistance the next minor ceiling is where the target is placed.
Overlapping support levels across timeframes are good places to place short targets. Here the target is set at the closest of two such levels and the stop at the nearest overlapping resistance level.
1D price rose close to the max Cosmic Bands resistance, potentially forming a new Cosmic BB SR level. Statistically this would be a point of reversal but max resistance has not been reached on higher timeframes and it may be a good idea to wait for bearish confirmation.
SPX price has risen to high-maximum resistance on multiple timeframes while showing few bullish signs, suggesting a drop is likely. The short target is set at the extrapolated 1W Cosmic Gravity resistance channel top.
Con allegations caused a sudden plunge in price, which dropped to the 15 minute Cosmic Channel Lite support. Considering the magnitude of the volatility, a rebound or flattening are two ensuing possibilities, with the latter likely given the nature of the news.
Several signals from 3 timeframes point to a $70 short target. The stop is positioned slightly above the 1h Cosmic Channel Lite basis line.
The 2h chart points show that if the price fails the current test of the Cosmic Channel Lite basis line from below, the next major support will be the top of the Cosmic Gravity support channel, where the short target is placed. Since the price is right below a major resistance level, the stop is placed only slightly above it.
The chart points suggest a short term bearish move may be likely with up to a 5% drawdown. The short target is at the extrapolated minor Cosmic Channel Lite support and the stop at the resistance.
While on the long-term upswing EURUSD has arrived at the Cosmic Gravity basis line, a major resistance level. If this level should be broken sudden positive volatility may be expected. If the test fails a retest can be expected.