SPX rejected off the previous local high; and RSI has a significant gap from the previous mark as well. Could this be a flash to the bearish side?
DGBUSD is maintaining a tight range in this rising trend; with the exception of the whipsaw action that pushed below then above the range. RSI is showing a consistent recovery point as well; suggesting we could be due to see a relief rally here. #crypto
ETHUSD is at a decision point, are we going to break the falling resistance? #crypto
WBC has not had a great 12 months; but the trend is overwhelmingly positive. The long term spot price movement has a 98% fit to the mean when taken in log10; and the absolute majority of the price action remained within +/- 2 deviations from the mean. The 1993 recession caused the price to break below the -2 SD bound; as has the COVID19 event more recently. This...
LISKUSD is in a declining channel, and struggling to break through the 60.0 RSI limit. Interestingly, the rejections off the RSI reasonably coincide with the upper bound of the falling channel. Looks like a good shorting opportunity... #crypto
BCDUSD is overbought and at the top of the channel. Bears eyes must be lighting up. #crypto
ETHUSD is at a decision point. The overhead resistance has been a huge repellent; and another breakdown here will invalidate the rising trend as well. This is a big moment for both bulls and bears; either the short term trend breaks down or we finally get over the resistance and then it's off to the races. Set your alerts and wait. #crypto
ZRX flashing a bearish divergence on falling volume. Time to cash in the chips. #crypto
GOLD is hitting it's localised peak resistance, however volume is dramatically falling. Bulls don't look confident in a breakout.
DXY falling back into the support zone. RSI is starting to show a bullish divergence, which could be a secondary confirmation that the trend is about to shift.
The markets reacted positively from the news that employment data saw a bounce, but we need to be honest with ourselves here. Several states 'reopened for business' through this period; but the participation rate is the lowest it has been since the end of WW2. Just think about that for a minute. The lowest employment participation since soldiers returned to an...
...One of these things is not like the others... #crypto
LTCUSD is a falling trend, with higher than normal volatility. Most of the spot price is contained within the +/- 3 standard deviations from the trend line. Need to see some evidence of a reverse at some point. #crypto
GOLD showing a nice clean channel. Price sitting at the lower bound, and there has previously been some good opportunities from here.
SPX flashes a bearish divergence on 1 hour timeframe.
ETHUSD cannot break the falling resistance. Volume has been fairly full but has dropped a little in the last few days - coinciding with the test of the lower bound of the channel. RSI has dropped marginally to a lower low; which could set up a hidden bullish...but without volume this channel won't last much longer.
BTCUSD is maintaining it's channel (for now) but it has rejected off the horizontal resistance. If the channel fails, next support in $8500. Interestingly, this coincides with the 53W moving average. #crypto
CSL has maintained this channel for almost 6 years, with a 98% fit to the trend. The size of the channel is quite deep, with +/- 20%; but when we compare that with an average year-on-year growth of 30% the risk/reward can still be managed with scaled and staggered positions.