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...
LTC is approaching a bottom (106.323) on the 1W chart (neutral RSI = 45.365, ADX = 30.517 over Highs/Lows = -18.2600, B/BP = -49.9840 and bullish MACD = 3.810). We use simple Fibonacci Retracement zones to identify the next Lower High on 1W. Since every retracement peaked between 0.5 and 0.618, then the next one should be near 148.427 (after making the bottom of...
EOSUSD remains on a strong 1D Channel Down (RSI = 38.678) but on a controlled pace (Highs/Lows = -1.1713, B/BP = -4.3550, MACD = -0.337). This slowdown on MACD is an indication of the support levels ahead: 10.1000, 9.3064, 7.4356. Assuming this is a recurring pattern similar to mid-January/ mid-February, I expect a smoother (red) Channel Down to emerge (on a lower...
As mentioned on the previous analysis, DAX was on a 1D Channel Up (RSI = 58.600, MACD = 166.500) that hit our 13,141 target and under overbought pressure it broke to the downside and nearly tested the first support at 12,919.58. As seen on today's 1D candle, the Channel Up pattern is technically broken (STOCHRSI = 0, ADX = 53.909, CCI = 48.7206, Highs/Lows = 0) at...
NG has reached our previous TP = 2.900 and now faces the Resistance of the High extreme line. 4H is a Channel Up but has reached near overbought levels (RSI = 69.332, STOCHRSI = 92.540, Williams = -19.847) with 2.881 its support/ Higher Low. This is expected to break and move to the Higher Low of the proper 1D Channel Up (RSI = 65.173, Highs/Lows = 0.0691) near...
XRP is seen on a clear downtrend on 4H (RSI = 35.249, Highs/Lows = -0.0300, B/BP = -0.0530) and we can easily spot a similar pattern (Rectangle followed by Ch. Down) that signals a decline even below 0.46014. Technically the immediate TP is 0.46014. The commanding 1W bearich curve can then issue another rise to an even Higher High (around 1.01775), but I will have...
Following the latest analysis on EURUSD, we see two things. First that the price found support near 1.1710 and second that it was rejected near 1.1844. This adds further validity to my expectation that the current 4H candle cohesion (neutral STOCH= 50.188) resembles the November - December 2017 High Volatility zone on the same prices. As a result a Rectangle @...
ETH has been priting recurring Channel Up and consolidation patterns on 4H. The green lines represent the Resistance bands after each Lower High on 1W (with the latest being a projection). As the 675.39 Support and 707.50 Resistance dominate the price action , the 1D chart will remain neutral (RSI = 50.867, STOCH = 47.353, ADX = 13.958, Highs/Lows = 0.0000). That...