InvestingScope

InvestingScope

The price is widening the bands on the 1D Channel Down (RSI = 47.113, MACD = -30.520, Highs/Lows = 0), attempting to price a new Lower High at 563.82. Based on an identical pattern projection on 4H (ATR = 12.9407), we expect sideways trading to follow inside a 517 - 563 Rectangle before ETHUSD tests the 420.31 1D support.

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An inverted Head and Shoulder was completed on 1H and the price is now trading sideways on its 6,700 - 6,800 neckline (CCI = 17.8139, Highs/Lows = 0). 5H remains a Channel Up (RSI = 57.768, Highs/Lows = 15.8509) serving our bullish purpose but a new Higher High near 6,960.40 is required by tomorrow in order to sustain the trend (TP = 6,989 and 7,309.30). The...

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GBPCHF is on a typical 1D Channel Down (RSI = 39.234, ADX = 40.425, Highs/Lows = -0.0024) which after a 20 day consolidation is looking to break the previous Lower Low (1.30533) and hit the 1.29825 and 1.28660 supports.

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CADNOK is on a common Channel Down on 4H (RSI = 37.434, Highs/Lows = -0.0223, B/BP = -0.0495). It is now looking for the next Lower Low but is near two important 1D support levels (6.12584 and 6.0866). If they break then 6.04 will be the Lower Low. Our TP is the 2nd support = 6.0866 and we will pursuit 6.0400 with SL brought down on profit zone.

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GBPNOK is on a 1D Channel Down (RSI = 43.982, MACD = -0.036, Highs/Lows = 0, B/BP = -0.0375), and was just rejected on the soft Resistance (blue dotted line). 10.68907 is a strong 1D, 1W support and this is our TP. If it breaks then then downtrend will continue.

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CHFPLN is on a strong 1D Channel Up (RSI = 58.946, MACD = 0.025, Highs/Lows = 0.0179, B/BP = 0.0545), rising after making a Higher Low at 3.66326. We are going long with TP = 3.81038 (previous Higher High).

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Feeder Cattle (GF1!) hit a major 1W Resistance (149.75) and should reverse to test the 140.950 support. There is one last Resistance it may test however before falling, which is located at 151.925. We short with TP = 142.150.

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USDHKD is trading within a 1D Rectangle (RSI = 55.573, MACD = 0, Highs/Lows = 0.0003, B/BP = 0.0018). We sell at 7.8489 and buy at 7.84225.

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Clear and volatile Channel Down on 1D (RSI = 40.848, MACD = -0.540, Highs/Lows = -0.7486, BBP = 1.7720). Our TP is the previous Lower Low = 124.588.

InvestingScope

The pair is falling within a low pace 1D Channel Down (RSI = 42.443, MACD = -0.005, Highs/Lows = 0). TP = 1.77326 and 1.76614 (with the latter the 1W support). 1.73888 can be pursued only if the SL is on profit margin as it is a multi year support.

InvestingScope

The price is rising inside a clear 1D Channel Up (RSI = 60.030, Highs/Lows = 0.0211). The standard TP is the previous High = 4.34099. The next Higher High however is projected at 4.3700.

InvestingScope

The price is trading on a long term 1W Channel Down (RSI = 40.487, Highs/Lows = -0.5657) which on since late January has formed a more aggressive 1D Channel Down (MACD = -0.120, Highs/Lows = -1.1779, B/BP = -1.3760) targeting a 72.939 Lower Low. 77.849 is working as the Resistance. Our short's TP is 74.089 and 73.00 in extension.

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Standard Channel Up on 1D (RSI = 60.481, Highs/Lows = 0.0701). The Higher High is near 5.0400 but we will take a less aggressive (in accordance with the low MACD = 0.024, B/BP = 0.0699) long with TP = 5.000.

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The 1D Channel Down (RSI = 35.882, BBP = -1.8840, MACD = -0.610) is moving lower towards a new Lower Low (Highs/Lows = -1.4264) near 141.269. Medium term short (TP = 142.00).

InvestingScope

As expected the 2 session sideways trading projection was over and BTC moved to a new High = 6,826.8 on 1H (RSI = 67.099, MACD = 51.500), breaking the Lower (soft) Resistance level (blue dotted line). It does however remain under the 1D Channel Down (Highs/Lows = -41.6720, BBP = -144.8180) selling pressure, but see how the blue arrow is driving it towards the next...

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TP = 0.046047 hit as the 1D Channel Down (RSI = 31.543, Highs/Lows = -0.0062, BBP = -0.0119) extended to a new Lower Low. The current support is the 0.039841 March 11 contact point, with March 22 = 0.034219 and Narch 09 = 0.030110 just below supporting on a 1W level. There may be two similar Rectangle patterns on 4H, so after a quick consolidation, we expect the...

InvestingScope

The price hit all downside targets (1.6223, 1.5169 & 1.3417) as it continues to trade within the very rigid bands of the 4H Channel Down (RSI = 36.191, Highs/Lows = -0.0144, BBP = -0.0610). The next obvious TP is the 0.9132 1W Support (MACD = 0). Since 1D however is oversold on STOCHRSI = 4.819, STOCH = 10.065 and Williams = -95.801, we expect a slow pace.

InvestingScope

With 5H essentially neutral (STOCH = 52.525, STOCHRSI = 45.918, Highs/Lows = 0) but still inside the 1D Channel Down (RSI = 33.939, MACD = -484.800, BBP = -676.6720), there is nothing further to incorporate to the previos analysis. The 2 session sideways trading projection on that is over, so we should see some divergence starting from today (most likely to...