Ethereum has gotten a lift and is tending toward $3646. This is the next level to break before we can consider $4K again. We are seeing strong momentum coming through with the Kovach OBV. If we face resistance here, watch for a retracement $3473, or $3324. We are seeing a red triangle on the KRI, just below $3646, suggesting we are facing some resistance here.
Bitcoin has rallied yet again, further solidifying the $50K handle. We blasted through resistance from $54K, and finally paused for air, at $55.7K, one of our technical levels. We are getting support from $54.3K as confirmed by a green triangle on the KRI. Bitcoin is quite strong right now, and the Kovach OBV confirms this. We are due for a technical...
Stocks caught a lift later in the trading day yesterday after struggling with 4327. Positive news sentiment off hopes of a debt ceiling agreement brought us back to the upper bound of the range at 4389. The Kovach OBV has picked up notably, but is flattening out suggesting we are facing some resistance here. In order to breakout, we will need sufficient...
Stocks have retreated to the lower bound of the range, testing the 4200 handle again. Currently, we are finding support just above our level at 4272. We are seeing green triangles on the KRI, suggesting we are finding good support at these levels. Watch the risk sentiment in the news, because if we see more momentum towards open, we could potentially break down...
Litecoin has retreated from highs at $174, falling back to the $160's. We are currently finding support at $165, as highlighted by a green triangle on the KRI. We appear to be establishing value in the range between $165 and $174. The Kovach OBV has leveled off for now, so we can anticipate some ranging until we get some momentum coming through. The next level...
Ethereum has retraced from relative highs around $3500. It appeared to be testing the next technical level in the $3K handle at $3563, but has fallen short as confirmed by a red triangle on the KRI. We have retreated to the lower bound of what appears to be a value area forming with a lower bound at $3324. We appear to be seeing good support here, confirmed by...
Bitcoin is holding strong in the $50K handle, currently testing the $52K's. We have breached $50.8K, the first technical level of the $50K handle, and have retraced a bit before reaching the next technical level at $52.8K. We are seeing a green triangle on the KRI, suggesting support here. The Kovach OBV is very bullish but is curving over slightly at the...
Socks are holding steady at lows. The S&P seems to have bottomed out at 4272, making a meager attempt at higher levels. We appear to be making a run for 4327, but there isn't much momentum to this rally. The risk sentiment is still pretty bearish, but we will see how it evolves as the day progresses. The Kovach OBV is still solidly bearish as well, but we...
Litecoin has caught some momentum, breaking through to higher levels in the upper $100 handle. We are currently meeting resistance at $174. We appear to be forming a value area between $165 and $174. We are seeing several red triangles on the KRI, suggesting we have a bit of resistance near highs which should take some momentum to break through. We are seeing...
Ethereum has been holding the range between $3324 and $3473. There are several red triangles at this upper bound, suggesting that we should see some resistance here, however momentum is building and we are seeing a sharp uptick in the Kovach OBV which suggests we may be nearing a breakout. The next level above is $3563. Levels from below include $3324 and $3200...
Bitcoin has continued its rally and has solidified $50K. This is a welcome move for crypto bulls, as we have held the $40K handle for months now. We are beginning to see resistance around $50K, and there are two major levels here: $49.7K and $50.8K. A series of red triangles on the KRI suggest that we might be encountering some resistance here. The Kovach OBV...
Litecoin has rallied up to $174, but has since retraced to $165. We have added this as a new technical level, since Litecoin has been sensitive to it recently. We are currently finding support here at the moment, as confirmed by two green triangles on the KRI. If we break through this level, there is a vacuum zone to $158. There is another vacuum zone below to...
Ethereum rallied significantly, finally solidifying the $3K handle. We tested as high as $3500, before retracing to support at $3324. From here we can expect to establish value in this area, broadly speaking. Support at $3324 is looking quite weak and if we break through we will have support at $3200. There is fairly strong support there, but if that does not...
Bitcoin roared on Friday, smashing through $45K, which was previously a hard upper bound. We peaked up as high as the low $49K's, before retreating to support at $47.4K. It is maintaining a very narrow range at this point. If we do not have the strength to maintain these higher levels, we can expect to reestablish the $40K-$45K range. It will take some...
Stocks appear to have found support for now at 4272. This seems to be a lower bound for now. We do appear to be witnessing a meager attempt at a rally. The S&P has tested 4380, but retraced a bit to support at 4327. We may attempt to find support here as we establish value. The Kovach OBV is still solidly bearish, and until we can see some momentum come...
Litecoin has rallied significantly since our last report, testing $164 at the time of this writing. This follows after blasting through $158, the previous level of resistance. We are in a vacuum zone right now, with the next target at $169. From below, $158, $147, and $141 should provide support with $141 being the absolute lower bound for now. The Kovach OBV...
Ethereum is testing the upper bound of the range, currently breaking through $3148, and testing $3200 as we are writing this report. Will Ethereum have enough momentum to break through to higher levels? We are seeing momentum come through in Bitcoin which is likely to bleed into ETH. If we can break $3200, then $3224 is the next level of resistance above, then...
Bitcoin has regained the highs of the range, testing $46K. We see two red triangles at this level which are suggesting that we are starting to see resistance, but currently we are seeing a bit of momentum come through. We should have support at $43.1K, which is broadly the mid point of the range. If we retrace the entire range, we will find further support at...