The 9.3064 Resistance Target was hit and as expected EOS has been rejected and is already trading lower on 1H (Highs/Lows = -0.0338, B/BP = -0.1074). 4H is still neutral (RSI =56.582, CCI = -35.8743, Highs/Lows = 0.000) due to the consolidation we talked about on the last report. Now that this sideways movement is completed, and EOSUSD was rejected near the 1D...
Since the "unfilled pattern" (ellipse shape on the chart) the price changed its sequence and rose higher than the 6,446.20 1H Resistance. Still as you see it made a Lower High Rejection on the 1D Channel Down. 1H has already made a near 6,400 test (RSI = 38.785, Highs/Lows = -23.0500, B/BP = -69.0539) with MACD = -21.200 indicating that the SMA200 = 6,266.1 is its...
As seen on the chart, Ripple entered again a Rectangle on 4H (neutral RSI, STOCH, CCI, Highs/Lows), on a recurring Channel Down/ Rectangle pattern sequence within the dominant 1D Channel Down (RSI = 35.326, MACD = -0.041, Highs/Lows = -0.0113, B/BP = -0.0444). The price is still trading above the 1D Channel Down median (red dotted line), which technically makes...
Ethereum is still within both the 1D and 4H Channel Down patterns, with the latter making an attempt (RSI = 51.236, Highs/Lows = 0) to price a new Lower High near the technical 466.81 level. The 1D Channel Down (MACD = -37.560, B/BP = -468.7579) applies selling pressure on the 487.07 Resistance so the TP for ETH remains the 357.60 April 01,2018 low and (under...
After a 6,518.10 Top during the weekend on a Three Outside Up bullish candle, BTC is again around the 50% Fibonacci 6,285.30 mark on 4H essentially trading within a Triangle pattern (RSI = 52.892, CCI = 21.1850, Highs/Lows = 0.0000). With 1D comfortably remaining under a Lower High sequence, we utilize such spikes as short opportunities on a higher price. Intra...
Although not strictly within the 1H bearish channel drawn, TRON remains within the 1D Channel Down (RSI = 33.594, Highs/Lows = -0.0031, BBP = -0.0074). Both 1H (RSI = 51.073, CCI = 4.2466, Highs/Lows = 0.000) and 4H (STOCH = 53.952, CCI = 17.2990, Highs/Lows = 0) display extensive neutrality as the price is trading just below the median of the 1D Channel Down and...
IOTA has broken marginally then 1D Channel Down but still remains under heavy bearish mode (RSI = 31.878, Highs/Lows = -0.0959, MACD = -0.164). As you see on the chart there may be a possible recurrence of the previous 1H Rectangle pattern (with STOCHRSI = 47.986, Ultimate Oscillator = 49.518 already neutral) based on the High Volatility (ATR @ 0.0179). This...
ADAUSD remains on a 4H downtrend (RSI = 24.746), being methodically rejected by the Higher resisting Lower High trendline of the commanding 1D Channel Down (RSI = 24.957). Although the price is near the TP = 0.107614, the bearish pace has been slower than what was expected (4H MACD = -0.006, Highs/Lows = -0.0067, B/BP = -0.0125 and 1D MACD = -0.022, Highs/Lows =...
After yet another test of the 5,700 support (5,782.90 the daily bottom so far) as BTCUSD broke the 6,000 threshold again on a very bearish 4H candle (MACD = -94.900, B/BP = -375.0363). See how the 4H Channel Down (Highs/Lows = -149.1254) is unfolding with multiple Lower High Resistance rejections and the recurring Inverter Head and Shoulder patterns that lead to...
TP = 71.88 hit as the 5H Channel Up broke to the upside (overbought on RSI * 76.982, STOCH = 81.153, STOCHRSI = 92.911, Williams = -11.676) and made a new yearly High = 73.06. 1D has now recovered all of the losses since June 18 in less than 8 trading sessions (+$9). This emphatically displays the power of dip buying when the trend is bullish, as was the case with...
TP = 0.18000 hit as the previous 1H Rectangle broke pushing the price to 0.176941. Stellar Lumens appears to be entering a similar consolidation pattern (1H RSI = 51.034, 5H CCI = -23.4617, Highs/Lows = 0, Ultimate Oscillator = 49.846), which I don't expect to last as long as the 1D Channel Down (RSI = 31.957, MACD = -0.024, Highs/Lows = -0.0168) applies moderate...
TP = 87.514 hit as the 1H Channel Down (Highs/Lows = -0.8521, B/BP = -1.1820) made a Lower Low at 73.475. The price will now enter a short sideways consolidation Rectange (5H already neutral on ADX, CCI, Highs/Lows), on a recurring Channel Down/ Rectangle sequence as you see on the chart. TP = 70.855.
EURAUD is trading inside a 4H Channel Up (RSI = 49.104) and is neutral indicating that it probably made its Higher Low. We are long with TP = 1.5878.
USDRON is consolidating on a Higher Low on the 1D Channel Up (RSI = 54.485, Williams = -49.880, Highs/Lows = 0). Taking a long, TP = 4.04165, but as you see on a very tight SL.
USDHUF is consolidating (4H RSI = 54.112, ADX = 17.781) on the Higher Low line of the 1D Channel Up (RSI = 63.148, Highs/Lows = 0.2450). We are going long, TP = 283.200.
AUDNZD priced a Lower High on the 4H Channel Down. We are taking a moderate short, TP = 1.07285.
The price is back again near the 6,000 level after being rejected yesterday on two strong bearish 1H candles (Engulfing, Three Outside Down on Highs/Lows = -33.0071, B/BP = -85.7219). 4H remains within a Triangle pattern (STOCH = 45.730, Williams = -46.245) which breaks id 5,928.28 is crossed. 1D remains a standard Channel Down (RSI = 33.875, MACD = -370.000)...
TP = 70.52 hit after the 4H Channel Up (RSI = 70.630, MACD = 0.810, B/BP = 2.3200) extended aggressively for a new Higher High near 70.90. The price is simply capitalizing on the previous week's 1W Engulfing Bullish reversal candle (+5.41% on RSI = 62.243, Highs/Lows = 1.2364). All longs from the lower 68.20 are closed, waiting for another pull back opportunity....