Tron is on a clear 1D Channel Down (RSI = 40.265) with oversold momentum (STOCH, STOCHRSI, Williams) but on an slow pace (MACD = -0.003, Highs/Lows = -0.0041, BBP = -0.0088), meaning that after hitting the 0.064052 Resistance it is consolidating before the next leg down. This consolidation will soon be evident on 4H as we estimate 4 indicators will turn neutral....
IOTA was aggressively rejected off the 2.0330 Resistance on 1D but has now found an equally strong support at 1.6999. 4H suggests that it will trade sideways for a few candles (neutral RSI = 46.406, ADX = 33.708, Ultimate Oscillator = 49.275) but the underlying trend on 1D indicates a continued downtrend from here (MACD = -0.027, ADX = 35.273). Our TP = 1.5169 and 1.3417.
Cardano complied to the Lower High scenario of the Higher resisting trendline (seen in yellow) and made a Higher Low near 0.24000. Now the underlying bearish trend of the 1D Channel Down (RSI = 43.365, ADX = 35.936) will push for a Lower Low and our target is 0.1443. Eventually a test of the 1W support = 0.1217 has to take place.
Although the price didn't extend as low a 0.2154, the 4H Channel Down broke as expected to the upside (STOCH = 67.110, RSI = 52.403), reaching (and breaking) the 0.50 Fibonacci retracement level at 0.2907. Since it found significant Resistance on the 0.618 Fibo at 0.31132 and was rejected, we expect a 2 week downtrend again (and potential Channel Down) below...
The price was rejected off the first important 1D Resistance at 7,828.70. However since the 1D Channel Down broke (STOCH = 63.677, B/BP = 55.2818, Highs/Lows = 0), the price will first move to test the next Resistance at 7,928.10 where a strong resisting trend line (dotted) awaits. We intend to place three separate short orders: 7,928.10, 8,180.90 (0.382 Fibo) and...
The price has found an excellent cushion level just above the 106.323 1W support since our last analysis. You see that the Fibonacci levels are working to perfection in determining the Lower High, which each time is located just above the 0.5000 extension (check the yellow horizontal rays). 1H is already picking up on pace (Highs/Lows = 0.2079, B/BP = 1.1320) as...
As shown last time, EOS is replicating the January - March 4H candle cohesion and the sideways trading sequence since May 26th (neutral RSI = 50.763, STOCHRSI = 49.755, CCI = 30.7903, Highs/Lows = 0.0000), largely confirms this expectation. We expect the price to start entering s controlled decline on 1H (already MACD = -0.019, ROC = -0.0091, B/BP = -0.1710) as it...
Ripple found support on the Horizontal ray from the March 18th Lower Low and based on that support made a break out on the current 1D Channel Down (RSI = 42.664 on neutral CCI = -46.1905, Highs/Lows = 0.000). With 4H picking up on bullish pace (STOCH = 71.541, B/BP = 0.0120), we can expect 0.65154 until Friday. Since the 1W support is located just below = 0.46014,...
Ethereum is on a clear 1D Channel Down (RSI = 42.411, MACD = -28.370, BBP = -69.0840) since the 721.07 Lower High (Highs/Lows = -15.2043). The drop for the next Lower Low will either take place now or at 609.80 (both short entries). Based on the 4H ADX = 28.911 the TP1 is 487.07 (April 14 support) but the technical Lower Low and TP2 is 420.31. The last target is...
Platinum is trading on a long term 1W Channel Down (Highs/Lows = -12.1143, B/BP = -36.7780, MACD = -13.210) that started off in late January and has just priced the latest Lower High near 915. With 4H neutral (RSI = 50.443, Williams = -46.789) around the blue line, we expect the decline to a new Lower Low to start soon. The TP is at least the previous Lower Low at...
Channel Down on 1D (RSI = 43.566, Highs/Lows = -0.0203, BBP = -0.0350) with a porjected Lower Low on the medium term at 2.92894 but a strong 4H support (MACD = -0.009) at 2.98796. We are willing to take this quick short opportunity (TP = 2.98796) and add another one at 3.08978 if needed.
Clear Channel Down on 1D within a greater bearish channel on the Monthly chart (RSI = 42.309, MACD = -6.170, B/BP = -9.6160). Having made a Lower High at 121.40, it is currently on the best spot for a medium term short to at least the previous Lower Low at 112.60.
The price remains on a 1D Channel Down (RSI = 30.465, MACD = -379.200, BBP = -1259.5978) with Highs/Lows = -558.2957 suggesting that we are near a strong support. This is the 7,000 benchmark, which is broken will lead the price (aggressively according to February's 1D candle regressions) to 6,000. Remember that 1W is a Lower High bearish cycle pattern (Highs/Lows...
EURUSD remains on a 1D Channel Down (RSI = 25.205) with distinct entry and exit points (Highs/Lows = -0.0132) on a slow pace (MACD = -0.013, B/Bp = -0.0184). The 1.7226 session High was a Lower High on the 4H Channel Down (STOCHRSI = 24.294) and the maximum it can rise to without breaking the bearish trend is 1.17310 (which is an immediate short entry). Our target...
Cardano (ADAUSD) is on a standard 4H Channel Down pattern (RSI 37.879, MACD = -0.010. B/BP = -0.0194) that is now consolidating (Highs/Lows = 0, STOCH = 48.465) the absence of a Lower High. The next Lower Low and our TP is 0.121695, with an extreme extension (based on the previous bearish Fibonacci sequence) at 0.107614. Medium term buyers are advised to start...
As seen on the chart, the price was rejected emphatically on the Higher High of the 1D Channel Up (RSI = 53.179, MACD = 1.090). As a consequence (with the 4H Rising Wedge also broken) the Channel Up will now look for a Higher Low (Highs/Lows = -0.3729) and the potential buy zones are: 69.01 - 69.50 and 67.80 - 68.20. We will enter equal long positions on both...
As expected, Gold found enough support on the First support from the previous 1W Higher Low (extended trendline from December's 1,236 Low). Consequently it rebounded within the 1D Channel Down (RSI = 46.217, MACD = -7.890, ROC = -0.724) and according to the resisting trendline, it has made the expected Lower High near 1,306. This is for us a unique short...
The price is on a crystal clear 4H Channel Down which is now pricing a Lower High (RSI = 45.400, Highs/Lows = 0, B/BP = -0.0080). Based on the Fibonacci retracement levels of the previous Channel Down, XLM should make a Lower Low on this Channel near 0.21539646 (which is our TP). After that it should rebound to the 0.50 Fibonacci (0.29077738), before possibly a...