Despite awesome fundamentals behind XRP all year, price continues to sell of in a bear's market as Bitcoin continues to capture more market share.
We're in a bear's market, and price doesn't show much signs off swinging higher. Only a mere pullback in a bear's market.
Price is approaching an interesting level. I'm suspecting this re-test to result in another swing toward the downside before breaking the level.
The EUR continues to show weakness across the board. This is a great opportunity for The Dollar to dominate.
The heavily correlated DXY and EURUSD are trading in the complete opposite direction. This doesn't give enough reason to see why the trend would continue, but we do have a lot of bull-ish momentum as price continues to trade in a channel toward the upside. I'm looking to see The Dollar break resistance levels, and push higher.
"The Artificial Muscle" The Fed has done well propping up the market, and expending the bubble. As we know the Fed is actively expanding the balance sheet, and that can only have one definition no matter how hard the try an deviate from the term. This is QE4 and inflation occurs as more Dollars are injected into the rotation. The first and most common place we...
Price cannot seem to close below support levels. In an attempt to push below toward the downside, price creates a bullish pin off daily support levels. Great buying opportunity for bulls.
Even though the markets show a high level of uncertainty, the charts still show that technicals are still very good drivers to indicate where price is turning to next. After the 2019 rally of gold, bears get their selling opportunity. Price is trading toward the downside to find support somewhere around 1434.26 or possibly, 1132.82 Temporary short until price can...
Coming off the right shoulder formation, price pushes to the downside looking to re-test weekly trend levels before going long.
There is a major bearish trend line forming with resistance near $180 on the 4-hours chart of ETH/USD (data feed via Kraken). There could be a short term upside correction, but upsides are likely to be capped near $180. I’m looking to see price trade below 160 before creating new highs, or even showing any bear-ish momentum.
Bitcoin Cash Looking for quick pull backs to 250.00, before looking for long term positions to go long.
Indices get their rebound with stimulus from the Fed assuring consumers who are led to believe there's a recession arising to not be alarmed. U.S markets trade with great volume, and the reserve currencies gets its' dosage of steroids.
Gold, coming off a interesting key level here. Previous levels of resistance off the monthly chart. Federal Chairman speaks on lowering the alarms for a recessives period, this gives U.S markets strength and sends stocks for a rebound and the Dollar finds artificial strength. In correlation, precious metals become less appealing as a way to hedge inflation.
Price, trading off the head and shoulders formation seems to be concealed in a ascending wedge. Great bull-ish momentum may be early signals for a strong pound.
Price Action Price is consistently trading lower, even though a foundation is buying built around the XRapid payments system. Q1 and 2 of 2019, we've had nothing but great data that should've built confidence for Ripple. Despite positive news about MoneyGram and PNC Bank, price manages to sell off to the downside. After price manages re-test supply levels at...
Fears that Germany may fall into a recession causes concern and weighs heavy on the EUR. Germany’s Central Bank signals warnings that the country may slip into a recession, predicting lower GDP numbers in the coming quarters. Germany depends on exports to China and The United States, which are currently in a bitter trade war. Also, weak global auto sales hurts...
Jerome Powell is expected to speak this week concerning the Treasury note yield curve. We’re looking to see an aggressive Fed to address the potential global recession, which means quantitative easing and another rate cut. This is a bearish signal for a weak dollar, due to the Fed debasing the currency by increasing dollars in rotation. This could bring in a...