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S&P 500 Weekly Daily Chart Analysis For September 21, 2020 Technical Analysis and Outlook The S&P 500 hit the Key Sup and Outer Index Dip $3,216 , on September 24, respectively. The ''All Out Buy Zone'' and Mean Res $3,315 was an excellent entry up and down for the Trade Selector Signal system all week long - intraday traders accumulating a whopping 305 handles trading single E-mini S&P 500 Futures contract (We love this kind volatility). To continue the rest of the market story, see the 'Weekly Market Review & Analysis For September 21, 2020" at the usual site.
TVC:SPX
by TradingSig
2
Uniswap analysis (price prediction idea)Hello, there! As a new member here, this is what I want to share with you. My graphic prediction for UNISWAP and of course it's all about the news in this business. Everything changes in a minutes, seconds and etc., but that's the game which we are playing, right? As you can see here, we are facing a critical times near the biggest support at 5.23USD, which will play a big role for the next moves. If we break the trend line, we can expect 5.90USD and all the way up till the next target of 6.56USD. If it goes under the current level of support, the next support will be around 4.90USD with bottom CRITICAL line of 4.40USD. I'm optimistic and bullish about the current situation but let's see. Hope you enjoy it. P.S. Please, do not take my notes as an investment advice. Invest the exact amount, which you are ready to loose.
COINBASE:UNIUSDLong
by NG_Invest
Ethereum (ETH/USD), Weekly Daily Chart Analysis For September 7,Technical Analysis and Outlook The aggressive coin upside move started on Wednesday. Ethereum stays to play a role to move higher, as the second most significant crypto coin struck the lowest level ever since July 28 on September 5, following the anticipated breakdown by completing Inner Coin Rally $485 . The coin validated its severe relative strength by creating the TARC formation (Proprietary symbol-Not showed), and it is prone to the retest the Key Res $475 mark, which is the part of the TARC formation. The support level is found at Mean Sup $337 , and Key Sup $317 ; traders and investors should look for the opportunity to buy the coin is the designated buy zone. To continue the rest of the market story, see the 'Weekly Market Review & Analysis For September 7, 2020" at the usual site.
COINBASE:ETHUSD
by TradingSig
2
Get Prepared for a bull runON the monthly Time frame, we see that the market was rejected to the upside after making a retracement. And it is important to note that level was a nonetheless perfect spot for that retracement because it aligns with the 38.2 fib level. The situation is more interesting on the weekly because, after breaking the demand area created on the weekly we saw that the market came back to test back that level of demand . And apart from that, we see also that it created a W formation, and after the creation of the W formation we should expect the market to come and test the neckline before continuing the move to the upside (In fact this is what we said on our previous update, and things went as planed). On the Daily, the situation is more clear, the price is coming to test back the the trending which happens to be in the same area of the weekly support.. Everything is in harmony from the Monthly to the Weekly. But before we show how we can approach the situation, we want to see what the institutions and the banks are doing . With the last report, they opened 3K longs once more and closed 15K shorts (very massive) for the EUR, and on the MXN, the opened 1K longs and also 1K shorts.. Making the EUR way more stronger than the MXN.. Right now technically and Fundamentally everything is in confluence. SO the best way to approach this situation is, we are going to be monitoring price action on the Weekly support, if there is a change of trend on the 4H TF, then we are going to take a long with a good risk reward and a very good probability to the upside
Long
by Big_Player
React and do not PredictWe find our self in a little situation that will require us to wait and be extremely cautious before launching any trade. I will explain in details in my analysis below. In the monthly time frame, we see that the market made a very huge move to the downside, and then normally we might expect a retracement to continue the move to the downside. But instead we saw nothing like that. When we want to measure with our fib tool, we see that the market has broken the 78.6 Level and now is heading to the 100% level. In fact this monthly candle is very bullish. Coming back to the weekly. There things start becoming interesting, we see that the market is at a weekly resistance, and in fact the market previously created a demand area, so at this level we might expect a retracement to that level before continuing the move to the upside. Thus completing a W formation (retest at the neckline). Coming down to the Daily, we saw now that price is an ASCENDING CHANNEL and in fact the previous candles where rejected by the the trend line and the weekly resistance (Powerful confluence). So normally we show expect the move to the Downside. This is in perfect confluence with the weekly analysis. Now fundamentally, we see that according to the last report on the COT DATA, high institutions are opening more longs (1K longs) and closed more Shorts (2K Shorts), which means they are buying more. And this is in confluence with the monthly analysis we just made. So right now the situation is kind of complex, and because of that we will make sure to see what the market is going to do and react to it, either on a long or on a short. Remember market is reactive not predictive. So we will wait and see, if there is a change of trend on the 4H time frame then we can take the short. But if we do not see anything of that then we can be rest assured that the market is gong to blow to the upside
FOREXCOM:US30Short
by Big_Player
1
BTCUSD to see an uptrend further! | Higher lows observed Market in last 1 week -BTCUSD saw an uptrend further with price reaching a high at 11.76k -Price volatility was very high. Market moved ~18.42%, between $11.76k and $9.93k Today’s Trend analysis -BTCUSD expected to see a continued uptrend with Bollinger Band expanding -Price at time of publishing: $11,667 -BTC’s market cap: $214 Billion -Oscillator indicators are mostly neutral. RSI at 84 -Moving average indicators are biased towards an uptrend. Ichimoku Cloud is neutral -Volume indicators are indicating a decrease in volume in the last few candles indicating a slowdown of momentum. Price expected to see a continued uptrend as higher lows have been observed and Bollinger Band expanding. Most of the Oscillator indicators are neutral. MACD histogram size remaining the same in the positive region indicating a momentum slowdown. RSI at 84, trending upwards, in the overbought region indicating a possible reversal. CCI is around 150, and in overbought region trending down. Another interesting point to notice here is that the Bollinger Band is expanding and the volume is decreasing while there is an increase in 20-candle moving average from last week. ---------------------------------------------------------------------------------------- The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles. DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion. Note: Above analysis would hold true if we do not encounter sudden jump in trade volume . ---------------------------------------------------------------------------------------- If you find the analysis useful, please like and share our ideas with the community! - Mudrex
COINBASE:BTCUSDLong
by Mudrex
2
Bitcoin Price Rally To $9,600 Still Imminent Bitcoin hash rate rises to new all-time highs amid acute price consolidation and range trading. Max Keiser believes that fiat money is losing power and Bitcoin is the ultimate winner. Bitcoin price remains unchanged for the second day of trading this week. The stagnation has been its cup of tea for a few weeks now. However, the hash rate parameter of the Bitcoin network continues to rise. In other words, hash rate is the level of computational power dedicated to mine Bitcoin. As per the data released by CoinCorners’s Matt Ward, Bitcoin hash rate hit a new all-time high on Monday. The parameter rose to 147.88 exahashes per second; double the value seen over 12 months back. At the same time, it is over ten times that hash rate during Bitcoin price at $20,000. Bitcoin Price Analysis A higher hash rate means that the Bitcoin network is more secure. Unfortunately, the price has flattened with little to no volatility. One of the biggest evangelist for Bitcoin and also a prominent investor, Max Keiser says that a rally is likely to follow the surge in the hash rate. In a tweet published on Monday, Keiser showed his optimism saying: Hashrate precedes price BTC. Bitcoin price – not that important – as Gold price is not that important since both BTC and Gold trade inversely with the USD. BTC hashrate increasing shows confidence in fiat money collapsing Soon, BTC will actually be drawing energy away from fiat. At the time of writing, Bitcoin is trading at $9,238 after bouncing off short term support at the 50% Fibonacci level. A weak bullish trend is building towards the resistance at $9,300. Buyers must, however, brace for more resistance at the 50 EMA ($9,260.66) and the 100 EMA ($9,256.59). The weak momentum is supported by the upward-pointing RSI. A cross above the midline would encourage bulls to increase their entries and push Bitcoin above $9,400 and pave the way for $9,600. Bitcoin Key Intraday Levels Spot rate: $9,234 Percentage change: -0.02% Relative change: -2.13 Trend: Bullish Volatility: Expanding
COINBASE:BTCUSDLong
by CoinGape
Can ETH/USD Defend This Critical Ascending Channel Support? Ethereum price is pivotal at $230 following rejection from $235. ETH/USD must hold onto the ascending channel support at all costs because losing it could be detrimental to progress. Ethereum performance in the last 48 hours has not been impressive. Bearish forces continue to terrorize bulls under $250. Attempts to break above this critical level have culminated in declines as opposed to breakthroughs. The latest bearish swing occurred on Wednesday, sending Ether back to $240. Moreover, the bearish leg extended on Thursday, forcing ETH/USD into another painful trip under $230. A weekly low was traded close to $225 before a recovery came into the picture. Unfortunately, the bulls lost momentum once again at $235 (previous week resistance). At the time of writing, Ether is pivotal at $230. However, the trend has a bigger inclination to the bearish side. Holding the price at $230 is ascending channel support. This support has been very instrumental since March when Ethereum dropped to $90. If defended, a bounce towards $240 is expected before the weekend session. The technical picture is also drab based on the RSI and the MACD. The RSI is currently on a downward slope after failing to rise above 60 earlier this week. As long as the trend is downwards, the bearish grip could become stronger, eventually pulling Ethereum towards $220. The very downward trend is emphasized by the MACD’s bearish divergence. The only slightly positive signal for Ethereum is that the MACD is still holding above the midline. If the sideways trend holds, we can expect consolidation above $230 before a breakout above $235 is staged. Ethereum Key Intraday Levels Spot rate: $230 Relative change: -3.00 Percentage change: -1.28% Trend: Bullish biased Volatility: Expanding
COINBASE:ETHUSD
by CoinGape
2
GBPJPY ANALYSISFOREXCOM:GBPJPY NOTE: (MARKET IS REACTIVE AND NOTE PREDICTIVE) (LIKE AND COMMENT BELOW TO SHARE IDEAS TO SUPPORT ) From a daily perspective we can see market is in a bearish flow. We can see that price has broken the support zone and may likely retest the support turned resistance as a common pattern of impulse correction impulse. REMEMBER: THE MARKET MOVES IN WAVES, ALSO NEVER FIGHT THE MARKET AS WE ARE THE SMALLER THAN THE BANKS. After the retest if that happens we can initiate a short position to the target of the lower box holding the bearish candle. This will enable the trader to be on a risk free situation. REMEMBER: MARKET IS REACTIVE AND NOT PREDICTIVE. Monitor this pair from a 4Hour perspective for entries. If you have any suggestion, drop in the comment section below.
Short
by Kelachi
Is Ethereum Price Heading To $220 Following Triangle Pattern Ethereum breaks out of triangle resistance but hits a snag at $216. ETH/USD could settle in consolidation around $212 ahead of another attack on the resistance at $220. Ethereum bulls have been keen on sustaining gains above $200 since the breakout in the previous month. ETH/USD hit highs around $227 but immediately plunged to $195. The good news is that buyers wasted no time reclaiming some of the lost ground above $200. There was, however, a struggle in clearing the resistance at $210 especially with the triangle resistance stay strongly in place. Bitcoin (BTC) surge above $10,000 on Thursday had a slight effect on Ethereum as the price overcame a couple of key resistances; the triangle resistance and the 50 Simple Moving Average. ETH/USD managed to rise to weekly highs of $216. At the time of writing, a retreat is testing a short term support at $212. In spite of the minor adjustment from the recent highs, Ethereum buyers have their eyes glued on breaking the seller congestion zone at $220. A sideway trading action is likely to take center stage first as the Relative Strength Index (RSI) starts to move horizontally above 50 (average). This consolidation could allow bulls to gather strength in order to take the fight to the resistance at $220, $230 and $250. On the downside, apart from the support at $212, the 50 SMA will also try to stop losses in case of a reversal. $205 has functioned as a support in the past while the 100 SMA (currently at $200) is standing out as a key area of interest. Other levels keep an eye on include $195 (this week’s support), $190 as well as $170. Ethereum Key Intraday Level Spot rate: $212.81 Relative change: 0.26 Percentage change: 0.16% Trend: Sideways trading Volatility: Low
COINBASE:ETHUSDLong
by CoinGape
Bitcoin Price Analysis Bitcoin saw a 4.5% price surge over the past 24 hours of trading as the cryptocurrency managed to reach as high as $9,600. With the Bitcoin Halving just over 4-days away, there is is a potential for BTC to hit $10,000 before the halving. Bitcoin surged by 4.5% today as the cryptocurrency managed to break the prior resistance at $9,090 and exploded higher to break above $9,500 and reach $9,600. The cryptocurrency was really struggling at $9,090 over the past few days but it was only a matter of ‘when’ this resistance would be broken with the Bitcoin Block halving just 4-days away now. With this break of critical resistance, we can expect the price of Bitcoin to reach at least as high as $10,000 in the next 4-days before the block halving event occurs. This BTC Block halving will see the mining subsidy be reduced from 12.5 BTC per block to just 6.25 BTC per block. Market Overview Analyzing the daily chart above, we can clearly see that BTC was struggling to close above the $9,090 level over the past few days of trading. The resistance here is provided by a bearish .786 Fibonacci Retracement level that is measured from the February high to the March low. After breaking this resistance, we can see that BTC went on to travel higher as it broke past the $9,500 and reached resistance at $9,600 (1.272 Fibonacci Extension level). Short term prediction: BULLISH BTC remains bullish in the short term and would have to break beneath $8,000 to turn bearish again. If the sellers do push lower, we can expect support at $9,500, $9,200, $9,100, and $9,000. On the other side, if the bulls break $9,600, higher resistance lies at $9,753 (bearish .886 Fib Retracement), $9,953 (1.414 Fibonacci Extension -pink), and $10,000. Above this, higher resistance lies at $10,247 and $10,457. Key Levels Support: $9,500, $9,200, $9,100, $9,000, $8,950, $8,800. Resistance: $9,600, $9,753, $9,953, $10,000, $10,247, $10,457..
BITSTAMP:BTCUSDLong
by CoinGape
Litecoin Price Analysis Litecoin saw a 2% price increase over the past 24 hours of trading as the cryptocurrency reaches $46. The coin recently rebounded from strong support at a rising support trend line. Litecoin saw a 2% price rise over the past 24 hours of trading as the cryptocurrency bounces from $44.62 to reach $46. The coin had rebounded from a rising support trend line which prevented Litecoin from unwinding further beneath $44.60. The momentum has now shifted back into the bullish favor especially with the RSI rebounding from the 50 line to show that the buyers are unwilling to give up their control of the market momentum just yet. Market Overview Analyzing the daily chart above, we can see that LTC had slipped beneath the 100-days at the start of the month after rolling over from the resistance at $49.33 (1.272 Fib Extension level). The coin continued to drop until recently hitting the support at $44.60 which was further bolstered by a rising support trend line. Each time LTC reached this trend line the buyers managed to step back in to prevent the market from slipping further lower. This latest rebound should allow LTC to push higher and re-test the $50 level again. Short term prediction: NEUTRAL LTC still remains neutral and LTC would need to rise above $49.33 to turn bullish again. If the sellers push the market beneath the rising support trend line then we can consider the market as bearish in the short term. Toward the upside, the first level of resistance lies at $47.70 which is provided by a bearish .382 Fib Retracement. This is followed immediately with resistance at the 100-day EMA. Above the 100-day EMA, resistance lies at $49.33 (1.272 Fib Extension), $50, and $52.04 (1.414 Fib Extension). If the sellers push beneath the trend line, we can expect support to be located at $43 and $41.14 (.382 Fib Retracement). Beneath this, support lies at $40 and $38.09 (.5 Fib Retracement). Key Levels: Support: $44.60, $43, $41.14, $40, $38.09. Resistance: $47.70, $49.33, $50, $52.
COINBASE:LTCUSD
by CoinGape
1
Bitcoin Price Analysis: Bulls Target $9,000 Bitcoin saw a 1% price increase today as the cryptocurrency attempts to break the current $8,950 resistance level. The block halving for the coin is now just 10-days away. Bitcoin is currently battling the resistance at $8,950 as it targets the key $9,000 resistance level. The cryptocurrency had attempted to break $8,950 for the pats 4-days of trading but always ended up closing beneath this level on each attempt to break above. We can most certainly expect a break of $9,000 in the next week of trading when we consider the fact that the Bitcoin block halving is just a short 10-days away now. In this event, we will see the BTC block reward slashed from 12.5 BTC to 6.25 BTC which will see a dwindling supply of BTC coming onto exchanges from miners. Market Overview Taking a look at the daily chart above, BTC is struggling at the 1.618 Fibonacci Extension at $8,958. It must close above this resistance before it can target $9000 and push higher again. Each time the cryptocurrency attempted to break this resistance it was pushed lower and closed beneath the level. Short term prediction: BULLISH Bitcoin continues to remain bullish at this moment in time but it must break $9,000 for this bullish run to continue higher. The bulls are still in charge of the market and the momentum remains fully on their side. Once they manage to push above $8,958, the first level of resistance lies at $9,000. This is closely followed with resistance at $9,090 which is provided by a bearish .786 Fibonacci Retracement level that is measured from the February high to the March low. Beyond $9,100, resistance is located at $9,400, $9,500, and $9,600 (1.272 Fib Extension level). On the other side, if the sellers push lower, the first level of support lies at $8,800. Beneath this, support is located at $8,500, $8,400, $8,200, and $8,140. Key Levels: Support: $8,800, $8,400, $8,300, $8,000. Resistance: $8,850, $9,000, $9,090, $9165, $9,500.
BITSTAMP:BTCUSDLong
by CoinGape
Ethereum Price AnalysisMarket Overview Ethereum managed to surge by a total of 15% over the past week of trading as the cryptocurrency managed to break above the $180 resistance to reach the $197 level. It stayed here for a few days but went on to climb above $200 and closed at the $218 level (bearish .786 Fib Retracement) yesterday. Today, we can see that Ethereum spiked higher into $230 but since dropped to trade at $211. Short term prediction: BULLISH Ethereum is bullish in the short term and would need to drop beneath $200 to turn neutral. It would have to fall beneath $170 to turn bearish. If the sellers do push lower, the first level of support lies at $210. Beneath this, added support is located at $200, $191, and $180. If the sellers continue to drive ETH beneath $180, support lies at $175 (100-days EMA), $170, and $160. On the other side, if the bulls break the $218 resistance (bearish .786 Fib Retracement), higher resistance lies at $224 (1.618 Fib Extension). Above this, resistance lies at $230, $235 (bearish .886 Fib Retracement), and $240. This is followed by added resistance at $250 which is the March 2020 high.
COINBASE:ETHUSDLong
by CoinGape
1