InvestingScope

InvestingScope

TP = 8.12285 hit as the previous Head and Shoulders pattern on 1D evolved into a Channel Up (RSI = 62.333, Highs/Lows = 0.0042, B/BP = 0.0108). The Higher Low appears to have been priced on USDNOK so we are going long with TP = 8.55 but may close at 8.50 if we see enough Resistance by the previous Higher High.

InvestingScope

Omisego is now testing the Lower High limit (4.64) of the 1D Channel Down (RSI = 49.533, MACD = -0.380). Technically the price should now resume the downtrend within the channel. If however the High breaks, be prepared for 8.44 as it is where the Resistance on the 1W Falling Wedge (green lines) is located (MACD = -2.073, Highs/Lows = -1.9711, B/BP = -4.8835)....

InvestingScope

The 1D Channel Down has gone neutral (RSI = 51.379, MACD = -0.319) as it is pricing a Lower High at 11.5000. Technically this spot is ideal to resume the longer term bearish trend. If it doesn't hold then the 1W Channel Down (Highs/Lows = -0.6954, B/BP = -3.4142) will look for its own Lower High near 12.26. Both highs (illustrated by the eclipses) are solid short...

InvestingScope

The pattern transformation from the 1W Channel Down (MACD = -0.080, Highs/Lows = -0.0417, B/BP = -0.1109) to the 1D Falling Wedge (RSI = 43.716, MACD = -0.010) was successful on XEMUSD and the price is now rising towards a 0.12059545 High. Short TP remains 0.060.

InvestingScope

ETC has broken 13.189 on the 1D Ascending Triangle and the neutral action (RSI = 45.605, Highs/Lows = 0.0000) should keep the price contained within 13.000 and 15.000 in the coming sessions, unless the Channel Down aggressively pushes lower, which is unlikely on the current tech and volume. However as long as 1W remains bearish on Lower Highs (MACD = -1.771,...

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...