InvestingScope

InvestingScope

As expected, the 7,800 support broke on a +40K volume 1D candle (-5.49%), following the 1W Fibonacci retracement pattern on Lower Highs (a value just above the 1D 0.618 signified the Lower High). On a +50K volume today, BTC can even hit our TP1 = 7,380.40 as the current bearish candle sequence on 1D reverse imitates the July 23-24, on a standard Head and Shoulders...

InvestingScope

ETC is on a neutral price action both on 4H (RSI = 50.120, STOCH = 49.301, Highs/Lows = 0.0000) and on 1D (RSI = 51.576, CCI = 28.7016, Highs/Lows = 0.0000). The Triangle is running out of supporting space and should break lower by the start of next week. We are entering a short, with TP = 14.293 and 13.189 in extension.

InvestingScope

DASH is trading sideways since June 11 with 282.4688 as the Resistance and 210.5683 the Support. It has consolidated for too long to expect any rise meeting the Fibonacci retracement levels of the previous price increase on the 1W bearish channel (RSI = 38.588, MACD = -77.570, Highs/Lows = -46.2601, B/BP = -102.0069). As a result we will be scalping this range for...

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EURNOK has just posted a Lower High on the long term 1W Channel Down (RSI = 48.488, MACD = -0.015, ROC = -1.366). 9.500 is an important 1D support level and will be tested shortly to confirm the new bearish leg on 1D (now on neutral RSI, Highs/Lows). We are taking this opportunity to open a medium term short with TP = 9.38806.

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NEO is trading within a tight 1D Triangle (RSI = 43.412, Highs/Lows = -0.6844) that is oversold on STOCHRSI and Williams. All small, medium time frames are bearish but bearish confirmation break out is needed in order to extend the drop. The break-out point is 32.30. If crossed then we will short (TP = 27.10), if rejected then we will long (TP = 38.25). Due to the...

InvestingScope

Monero has met again the 151.54 Resistance on the 1D Rectangle (RSI = 47.266, STOCH = 47.810, ADX = 27.041) and is once more rejected with Highs/Lows = -2.0725 and B/BP = -3.6664 indicating an imminent 101.044 support test. We are short on XMRUSD with TP = 115.494 and 102.00 in extension.

InvestingScope

USDMXN is aiming lower as it extends the 1D Channel Down formation (RSI = 31.723, MACD = -0.292, Highs/Lows = -0.1361, B/BP = -0.3496). This is part of a larger 1W Head and Shoulder's pattern that should later trade sideways on its neckline. For now we are shorting with TP = 18.16975.

InvestingScope

EURGBP is trading within a very long term (since October 2017) 1W Rectangle with 1D now crossing into neutral space (Williams = -47.945, CCI = 2.0012, Highs/Lows = 0.0000) after getting rejected near the 1st 0.89700 Resistance. We are shorting, TP = 0.87045.

InvestingScope

The previous TP = 9.23060 has been hit as the 4H Channel Up peaked just above 9.25000. EURHKD is now trading within a 1D Rectangle (RSI = 46.757, STOCH = 50.624, ADX = 26.644, Williams = -54.225, Highs/Lows = 0.0000). We will be performing scalp trading on the tight bands of this Rectangle with the first trade a long (TP = 9.2050).

InvestingScope

The 4H chart has stabilized (RSI = 54.964, CCI = 35.7101, Highs/Lows = 0.00) following a price jump from 7,800 to 8,300 completing an Inverted Head and Shoulders. 1H is trading sideways (RSI = 45.804, Williams = -52.906 on High Volatility ATR = 47.0094) on its 8,065.1 - 8,301.7 neckline. As you see on the previous Fibonacci retracements that formed the Lower Highs...

InvestingScope

The latest price action has marginally broken the Lower High limit on the 1D Channel Down (RSI = 44.637 but on neutral ADX, CCI, MACD, Highs/Lows). However, this (minor) break-out is so far on a Lower High scale and can be a falst break-out based on larger volumes. It is more probable to re-enter the 1D Channel Down as 4H suggests (STOCH = 24.684, STOCHRSI =...

InvestingScope

IOTA is on recurring Cup patterns on 1D (neutral RSI = 46.114, ADX = 21.167, Highs/Lows = 0) trading sideways for over a month. The 0.9132 support continues to contain this medium term consolidation and the 1.2548 Resistance to reject it. We remain bearish on the longer term as 1W is still on negative MACD = -0.184, Highs/Lows = -0.2865, B/BP = -0.5280. IOTUSD TP...

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Cardano was rejected under the selling pressure of the 1D 0.1832 Resistance with the chart now neutral (STOCH = 48.832, ADX = 18.447, Highs/Lows = 0) on a curve pattern that is about to breakout lower. 4H is already selling above the SMA50 = 0.17126 targeting the SMA200 = 0.14954. We still expect a test of the lower support levels for ADAUSD, TP1 = 0.099141...

InvestingScope

Stellar has followed the Fibonacci pattern modeled after Bitcoin recent retracements as it was rejected on the 0.618 (0.3534) level. As expected the previously overbought 4H/ 1D strength index weighed on therejection. The price is already on the 2nd straight bearish 1D candle and we are still shorting XLMUSD on every retracement. 4H is now neutral (RSI = 50.739)...

InvestingScope

Litecoin is extending the Rectangle pattern from 4H to 1D (RSI = 47.896, CCI = 1.8149, Highs/Lows = 0) completing a full month of sideways trading within 72.665 - 90.190. We continue to take advantage of this scalping pattern, but reserve most shorts for the lower TP1 = 70.855 and TP2 = 49.508 (November 02, 2017 bottom). Despite this neutral action on 1D, the 1W...

InvestingScope

EOSUSD is now on a critical break-out point on the current 1D Channel Down (RSI = 54.482). As you see there are recurring Channel patterns on 1W, which if replicated again, EOS should aggressively break out much higher. The price should consolidate for 1 week and if the Lower High area breaks (as seen on the chart) it should deliver a similar uptrend. Until that...

InvestingScope

Ripple has been rejected on the maximum possible extension of the 1W Channel Down (RSI = 42.773, MACD = -0.063, Highs/Lows = -0.0776, B/BP = -0.2004) and is now trading sideways on 1D (neutral RSI, ADX, CCI, Highs/Lows) preparing for the next aggressive bearish leg. Our TP set for XRPUSD is intact: 0.4100 and 0.35277.

InvestingScope

Ethereum remains neutral on 1D (RSI = 53.261, ADX = 16.597) and just hit the last Lower High level of the 1W bearish fan (RSI = 45.125, MACD = -35.670, Highs/Lows = -29.6167, B/BP = -122.5500). Strong accumulated selling pressure is expected, which should this time break 420 and deliver the TP = 357.60 (April 01,2018 low).