Stocks have paused their rally as we suggested yesterday. We have found support just above 4545, as confirmed by a green triangle on the KRI. The Kovach OBV is still strong, but has curved over recently to reflect the pause. We will anticipate further support at 4521 and 4504. If we can muster the momentum for a continued rally, we will need to break 4580...
Litecoin broke out from its consolidation pattern at $195. It tested $202, the next level above, but then dipped sharply, smashing through $195. It finally found support just below the next level at $184. The wick of the candle extended down to $174, but we appear to be equilibrating in the mid $180's. We are seeing a green triangle on the KRI around $180,...
Ethereum dipped sharply to test the very lower bound of the $4K handle. We are seeing support just below that with a green triangle on the KRI. If we continue to dump, then we will have support at $3861, then there is a vacuum zone to $3646, where we should see strong support. If we are able to press higher, the next target is $4258. We anticipate ETH to...
Bitcoin has dipped further, breaking down from the $60K handle. We broke past $59.4K, the first level in the $50K handle. Currently, we appear to be finding support just above $57.7K. The Kovach OBV has dipped significantly, registering the selloff. We are seeing a green triangle from the KRI to suggest support, but if not, we anticipate support at $56.8K, and $55.7K.
Stocks have inched above the upper bound at 4580 to achieve new highs. However, the S&P 500 has pulled back slightly as we have anticipated yesterday. This appears to be a technical retracement as the S&P pauses for air after its aggressive rally. We expect support at 4564, 4545, then 4521. Our next target is 4632. The Kovach OBV is still really strong, but...
Harmony one has been rallying all week, continuously making new highs lately. This is a project we have been following since the $0.10's. It is a great platform with a lot of potential. The team includes ex Google data scientists and the network boasts sharding and extremely low transaction fees and more. They just released the ONE wallet, which authenticates...
Litecoin is ranging, maintaining the $190's. It has found support $184, the exact level we identified. Currently we are holding a very narrow range, so watch for a breakout soon either way. We should see continued support at $184, but if not, there is a vacuum zone down to $174. The Kovach OBV has dipped notably, so we need more momentum to come through before...
Ethereum is outperforming other cryptos due to exuberance over the next network upgrade. We are currently testing $4258, which is the last level before highs at $4380. If we can break out, the next target is $4450. The Kovach OBV is rather flat, suggesting there is not a lot of momentum to this move, and we may anticipate some ranging at current levels. If so,...
Bitcoin has found solid support in the low $60K handle, and gotten meager lift to the $62K's. We are currently seeing support at $62.8K. The Kovach OBV has flattened, which suggests we may see continued ranging. Watch for Bitcoin to establish value between $61.6K and $64.3K. It will take some momentum to take us back to highs at $66.3K. If we can muster the...
Stocks have rallied for the fourth day in a row. They have gained strength off earnings and the potential of the Fed keeping interest rates unchanged. We are seeing some resistance at all time highs as identified by two red triangles on the KRI. The next target is 4632, but we are likely to see a pullback first. The Kovach OBV is still very strong, but at this...
Litecoin has retraced sharply from highs in the $200's, just above our level at $209. Support in the lower $200's held briefly, but we have since retraced back to the $100 handle, currently finding value in the $190's. We are facing resistance at $195, a level we have highlighted many times. If current levels don't hold, we should find support at $184, but if...
Ethereum has retraced from highs, but is still seeing strong support in the $4K's. We dipped as low as $3861, but are currently forming what appears to be a bull wedge with an upper bound at $4200 or so. The Kovach OBV is a bit stagnant, but the chart looks overall bullish, despite the pullback. We will face resistance at $4258, but if we can clear that, the...
Bitcoin has retraced since achieving all time highs, but is still holding on to the $60K handle. We are seeing good support from $60K confirmed by several green triangles on the KRI. This appears to be a corrective impulse to the overall bull trend, and we expect support to hold, and for Bitcoin to establish value in the $60K's before another push higher. If...
All stock indexes are set to open at or near all time highs off as investors prepare for key tech earnings. The S&P 500 is just under 4564 at the moment, having leveled off after inching out ATH's. The Kovach OBV is extremely strong, but be prepared for a technical retracement, especially if earnings disappoint. We should see support from 4521, 4505, and 4487. ...
Litecoin has dipped sharply from $209, falling below the $200 handle to support at $195. This is a level we have called out many times and one as to which we have alerted you yesterday. We do appear to be consolidating between $195 and $202 at the moment. The Kovach OBV was strong, but has leveled off. The chart still looks strong overall, and a technical...
Ethereum broke out to make highs at $4380, but faced a sharp retracement, dipping as low as $4K, before equilibrating in the $4100 handle. We appear to be seeing a dragon head pattern forming here, and are in the consolidation phase. This chart, as well as the entire crypto market, still appears to be bullish. If we do break out, then we will find resistance at...
Bitcoin has faced resistance after making all time highs. We saw a dip down from $66K to support at $61K-$62K. These were the exact levels we identified yesterday. This dip is but a small hiccup in comparison to what we've seen in the past. If the selloff continues, we should find support at $59.4K or $57.7K. The Kovach OBV has dipped with the correction, but...
Poor tech earnings (especially from Intel) and Hawkish comments from Fed's Bostic were not enough to faze stocks. The S&P is still gunning for highs. It has leveled off at 4550. Our next target is at 4564, which could be within reach if we see another move higher. We are looking a bit overweight at the moment, and a technical correction is due. If so, watch...