Litecoin saw a nice relief rally, as we anticipated yesterday. Prices were looking a bit oversold, even for Litecoin. We were able to test $153, coming just short of this level before a red triangle on the KRI confirmed resistance just below it. The Kovach OBV is completely flat, aside from a very slight uptick with the rally. We should not get too excited...
Stocks have edged up to highs, hitting our exact level at 4729. The level 4668 provided good support on Friday's small retracement. The Kovach OBV is drifting higher, but this indicator seems weak with respect to the rally, and so we anticipate some resistance at these highs. If we do retrace then 4693 and 4668 should provide support. If we are able to break...
Oil is still feeling global demand woes and remains in the high 60 handle. We are seeing an inverse head and shoulders pattern with a neckline at 68.96. The second shoulder has yet to fully form so avoid trading this preemptively. If we break out, we could easily hit 72.99, a relative high. If we reject it, then this would be a bearish sign, and we could...
Stocks are hugging the upper bound of the range discussed yesterday. This coincides with all time highs at 4633. The level we have identified nearby is 4629. The Kovach OBV is still very strong, but appears to have tapered. If momentum persists, we can anticipate another breakout soon, and 4649 is our next target, set by Fibonacci Extension levels. There is a...
Ethereum has tested highs, and inched out a new all time high. Currently it is facing some resistance at $4450. The Kovach OBV is quite strong, so the bull momentum is likely to persist. If so, then $4616 is the next target. However, $4450 is providing some pretty strong resistance, so we may retrace back to support at $4258. If so, expect a consolidation...
Litecoin has edged upward, finally solidly breaking $195. It is currently testing $202, but appears to be facing some resistance. The Kovach OBV is drifting upwards, suggesting a bull bias. If we aren't able to crack $202, expect $195 and and $191 to provide support in the past, as they have recently. There is a vacuum zone after that to $184. If we are able...
Bitcoin has broken out from the range between $59.4K and $62.4K. We alerted you as to the upside bias in cryptos yesterday. Currently, we are feeling out the middle of the range between $62.4K and $64.3K. We are seeing a red triangle on the KRI suggesting there is some resistance forming. The Kovach OBV has picked up notably, so watch for $64.3K as the next...
Litecoin is ranging in the $190's, facing resistance at $195. We have strong support just above our level at $184, as confirmed by several green triangles on the KRI. The Kovach OBV is still flat, but is starting to taper up, suggesting a very slight bull bias. If we are able to breakout, the next target is $202. If not, expect further support around $184, but...
Ethereum has edged lower from highs, but appears to be finding support at $4258. We broke through that over the weekend, but several green triangles on the KRI suggested strong support. The Kovach OBV has barely registered the dip, but has started to taper up again, suggesting a bull bias. If support holds, we should be able to make another run for highs at...
Bitcoin has quieted down, after some volatility after establishing new highs. It has stabilized in the range between $59.4K and $62.4K. We are currently testing the high of this range, with some red triangles on the KRI reflecting resistance. The Kovach OBV is still pretty flat, but has gradually trekked upwards, suggesting a slight bull bias. If this...
Stocks make new highs, despite persistent issues in the supply chain, transportation industry and protests over the vaccine mandates. The S&P 500 has broken out of the 4500's and seems to have secured the 4600's for now. We came within 5 points of our target at 4632, with the current high at 4627. We are seeing a red triangle on the KRI at this level suggesting...
Litecoin tested lower levels at $174, but found support just above that level as confirmed by green triangles on the KRI. We are currently testing the mid $190's, and are facing strong resistance from $195. We could be trying to establish value here in the somewhat wide range between $174 and $209. If we break down from here, expect support at $184 then $174. ...
Ethereum has blasted off to highs, finally pausing just below $4450. We saw strong support from $3861, and are currently just below $4400. From here we are likely to retrace a bit, and should find support at $4258 then $4020. If we retrace teh entire move, then $3861 should continue to provide strong support. If we are able to break out again, then $4450 is...
Bitcoin has found strong support in the high $50K handle and has regained the $60K's. We are currently facing resistance from $61.6K and $62.4K. Several red triangles on the KRI are indicating strong resistance here, and the Kovach OBV is still very bearish. It is likely we will test lower levels again at $57.7K and $56.8K, but if not, we have a vacuum zone...
Stocks have paused their rally, establishing value near all time highs. This is a clear sideways correction to a strong bull Elliott Wave impulse that we saw starting in mid October. From here, we can expect the S&P to range until further momentum comes through. If we correct further, expect support at 4545, 4521, or 4504. If we break out, there is a vacuum...
Litecoin found support just above our level at $174. We identified some green triangles on the KRI here, which suggested the selloff was temporary. We have since regained the $180's and are in the value area between $184 and $191. We anticipate some ranging, but if the selloff persists, we anticipate more support at $174. The next targets are $195 and $202.
Ethereum found good support in the upper $3K handle. We loaded up here thinking this was a bargain price for ETH. In particular, we found great support at $3861, the level we called out yesterday. Since then, Ethereum has rallied, regaining the $4K handle with ease. It is currently in the vacuum zone between $4020 and $4258. We anticipate some ranging in this...
Bitcoin found support after breaking through the $60K handle. We saw great support at $57.7K, and regained footing in the $60K handle. BTC is currently hovering at about $61K at the time of this writing, just below our level at $61.6K. We have two levels of resistance here, and are likely to range until further momentum comes through. Further support should...