Copper after a longer than a month-long tumble. Is it over? The 200 day MA is still in support. The two grey areas may hold up proceedings further until the Demand becomes greater than the Supply.
Daily chart After the drop in BCO on the 11th, the Bollinger Bands indicates the prize is climbing back to the higher 70s again. In support is the lower BB at 72.84 and the 200 day MA at 68.78 In resistance is the middle band of the BB, the 20 day MA at 76.42 and the 50 day MA at 76.90. The upper band of the BB is around 80.01.
12 hour chart - Do we have an Inverse Head and Shoulders? The Neckline the already well tested Resistance at around 6805. $BTC continue in the channel 5773-6805 (pink lines). What will we see, i) a Wyckoff spring, breaking the support at 5773 before exploding upwards in dramatic $BTC style; or ii) the inverse H & S continue to play out and the neckline at 6805...
Since middle May, 0x trading in a downward channel (two yellow trend lines). In support we have the lower Bollinger Band and a trend line (blue). With most Altcoins like 0x, $BTC is the indicator if there will be a bullish breakout from this falling channel. On the positive side, CryptoMiso.com has 0x as the nr 3 crypto in their ratings behind Komodo and EOS.
What do we have here? Falling wedge (blue lines). It seldom turns into a bull market. We will have to wait for $BTC (ranging between two horizontal lines) to make his move. Trend line (pink), resistance, turned into support and now it is a resistance again. Trend line (yellow) serving as support.
As Pres Cyril Ramaphosa is picking up the Rand, as one of his Ministers suggested they will do, there are a few challenges - i) this Cup & Handle thing doesn't want to go away ii) with a neckline around 14.57, that will add some serious currency risks iii) the 200-day MA is not his friend either iv) further there is a trend line which may or may not be part...
As Pres Cyril Ramaphosa is picking up the Rand, as one of his Ministers suggested they will do, there are a few challenges - i) this Cup & Handle thing doesn't want to go away ii) with a neckline around 14.57, that will add some serious currency risks iii) the 200-day MA is not his friend either iv) further there is a trend line which may or may not be part...
$ETH is waiting for $BTC and the latter is waiting for the Wyckoff spring. Only volume will change the trend in the mean time accumulation will continue until the smart money steps in.
$BTC trapped in this horizontal channel around 5773 to 6805. It will only break the 6805 area with volume. Wyckoff's accumulation continues. Wyckoff's spring will only be produced by breaking the 5773 to the downside before the smart money steps in and take it above 6805.
Ascending triangle a, b, c done Upper bounding trend line holds flat line Lower line rises, contracting into a wave 'e'
PRICE ACTION Weekly chart CLOSE 13.45 (13.72) LOWER close Support: Horizontal at 13.40, this support getting tested right now lower wick weekly candle wick resting on this support The 1st MA in support, the 200 at 13.23 Resistance: a trendline linking upper wicks of 18.1.2016 & 13.11.2017 with each other, very weak because of the open spaces between contact...
PRICE ACTION Weekly chart CLOSE 13.45 (13.72) LOWER close Support: Horizontal at 13.40, this support getting tested right now lower wick weekly candle wick resting on this support The 1st MA in support, the 200 at 13.23 Resistance: a trendline linking upper wicks of 18.1.2016 & 13.11.2017 with each other, very weak because of the open spaces between contact...
PRICE ACTION 1-Day chart last CLOSE 6760 (6613), HIGHER close 1-Week chart last CLOSE 6362 Support: Day chart, the 10 (6493) & 20 (6404) day MA Horizontal support at 6516-6748 covering 3 upper wicks of this weeks action & further lower wicks in support at 6410-6516 & again around 6275 (2.7.18 lower wick) Resistance: the area 6781-6807 been tested multiple times...