InvestingScope

InvestingScope

DASHUSD is approaching the Lower High of the 1D Channel Down (RSI = 59.378, MACD = -7.110), which is also the 0.5 Fibonacci retracement mark since the last High. 1W remains bearish (MACD = -86.700, Highs/Lows = -13.6249, B/BP = -112.0029) and every Lower High should be anticipated and shorted. We remain bearish on the long run with TP = 100.21.

InvestingScope

NEO has made a new High on 4H (RSI = 60.540, Highs/Lows = 0.4897) and is fast approaching the Lower High limit on the 1D Channel Down (RSI = 47.187). As long as 1W remains on a long term bearish curve (MACD = -11.553, Highs/Lows = -8.8489, B/BP = -23.5253), any Lower High attempts will be contained by the blue curve formations below 25.00. TP on NEOUSD is still 8.78.

InvestingScope

Monero is about to break the Rectangle's 109.147 Resistance, having already crossed the resisting line (straight blue) of the 1D Falling Wedge (now on bullish Highs/Lows = 6.3066, B/BP = 16.4176). Crossing the Rectangle is translated into an attempt to price a Lower High on the 1W level, which remains a strong bearish Falling Wedge (MACD = -27.038, Highs/Lows =...

InvestingScope

TRXUSD broke through the first 1D Resistance at 0.023083 and is moving on to the final 0.0311151 test (neutral RSI = 53.294). If broken then the trend reverses on the medium term to bullish. For now 1W is still selling but approaching increasing neutral levels as well (RSI already at 45.864, with MACD = -0.005, Highs/Lows = -0.0076, B/BP = -0.0188 not far behind)....

InvestingScope

The 0.67000 Lower High on 1D was crossed and the Channel Up (RSI = 57.762, Highs/Lows = 0.1669) is breaking to the upside. We expect IOTUSD to enter a consolidation phase, similar to the late June - late July consolidation, with successive cup patterns. Any upside attempt is still limited at 0.7947 and 0.95 (blue staccato lines) as 1W remains bearish (MACD =...

InvestingScope

ADAUSD is approaching the Lower High limit on the 1D Channel Down (RSI = 43.696, MACD = -0.010) and 0.1100 should hold and be enough to reject the price towards 0.078501. If that breaks then the price will seek confirmation near the Lower High of the 1W Channel Down (MACD = -0.036, Highs/Lows = -0.0186, B/BP = -0.0814). In both occasions, Cardano will remain...

InvestingScope

Since the Higher Low supporting line (red dots) held, XLMUSD has started its ascending course towards the 1D 0.618 Fibonacci retracement level = 0.283307. The 0.618 point is where the commanding bearish Channel on 1w (MACD = -0.007, B/BP = -0.0464, ADX = 31.817) previously made its last 0.3533 Lower High (July 25th) before it declined. This is a recurring pattern...

InvestingScope

LTCUSD is now attempting to price a Lower High on the 1D Channel Down (RSI = 45.909, MACD = -3.556). If the break-out upwards takes place (circle between the blue curves), then the price will approach the 68.760 - 73.025 1W Resistance for a first test of trend preservation. As long as 1W remains bearish (MACD = -20.930, Highs/Lows = -15.6164, B/BP = -42.1900), we...

InvestingScope

EOS is approaching the 5.6556 Resistance on 4H (RSI = 66.161, MACD = 0.087) on a strong bearish flag formation that can extend up to 5.9782 before maturing and reversing. That will be an ideal technical Lower High for the 1D Channel Down. As long as the underlying trend remains bearish (1W Highs/Lows = -2.0050, B/BP = -4.2193), we will stay short on EOSUSD (TP =...

InvestingScope

XRPUSD has approached the 0.35277 limitation of the 1D Channel Down and the neutral RSI = 48.112 indicates that this is the most rewarding spot for a short. If however this Lower High barrier breaks, then the Channel Down pattern is void and Ripple will approach the 0.41003 - 0.42412 Resistance zone. In both cases, the commanding 1W trend will remain bearish (MACD...

InvestingScope

Ethereum is extending the consolidation phase on 4H (MACD = 0.000) still within the 1D Channel Down (RSI = 37.776, MACD = -30.520, B/BP = -11.8760). The 1D neutral CCI = 13.4232, Highs/Lows = 0.0000 and Ultimate Oscillator = 50.016 indicate that it is near pricing a Lower High. As seen on the chart, the blue curve will serve as the confining instrument. Our short...

InvestingScope

TP = 12,500 hit as the 4H Channel Up (Highs/Lows = 40.1429, MACD = 32.900) continued rising following the 1D Double Bottom two weeks ago. 1D is now on Lower High territory (RSI = 49.327) and we are looking to extend our buying strategy towards the potential Lower High of the 1W Channel Down, which should be around 12,620. Our extension TP remains 12,550 and we...

InvestingScope

TP = 2,873 hit as the 4H Channel Up aggressively moved (RSI = 70.757, overbought STOCH, STOCHRSI, Williams, Ultimate Oscillator) towards and broke the 2,878 all time high spot. Having reached a Higher High on the 1D Channel Up (Highs/Lows = 21.7500), near exhausting the High space of the Rising Wedge (overbought STOCH, STOCHRSI, Williams), the index has now...

InvestingScope

EURUSD has marginally exceeded the 1W Lower High limitation that we have designated but is nonetheless near the 1.1670 maximum (1D Lower High) of the 1D Channel Down (RSI = 53.612). With US GDP coming up this Wednesday, I expect this curve (blue) to contain the price within the tight Channel Down limitations and reject it towards 1.15116 at first. We remain short...

InvestingScope

USOIL has respected the Higher Low (64.40) on the 1W Channel Up (RSI = 1.630, MACD = 1.630, Highs/Lows = 0000, B/BP = 0.1240) and is following our long trading plan to the point. 1D has now even broken through the bullish zone again (Highs/Lows = 0.6793, B/BP = 1.5580, ADX = 30.382) breaking the previous Lower High (68.39) with a new Higher High = 69.30. The next...

InvestingScope

The price of Gold rose last week aggressively on 4H (overbought STOCH, STOCHRSI, Williams) after the geopolitical tension escalated. This was not a technical movement as on Friday DX dropped only -0.54% while XAUUSD rose +1.74% (USDCNY also dropped less -1.03%). This disproportionate rise, indicates that the push was fundamental and on 1D terms the price is still...

InvestingScope

TP = 5.66170 hit as the 1W Channel Down (MACD = -0.073, Highs/Lows = -0.0245, B/BP = -0.1173) made a new Low just below the target. The price jumped to a new Lower High and is now set to price a new technical Lower Low. The 1D Lower Low line supports earlier however, so our new short's TP is 5.58718.

InvestingScope

Following a 6,795.5 High during the weekend, BTCUSD has maintained the high 4H trading levels, still on Higher Lows, indicating that the Channel Up (RSI = 58.509, MACD = 50.300, B/BP = 103.6879) should be seeking a Higher High next (technically the MA200 = 7053.3). The previous 1W candle closed in the week on +5.35% in gains, completing a bullish two week streak....