In search of all-time high from historical trendline drawn eleven years ago
The EUR/JPY pair breaks above the resistance presented by a long-term trend line but with the big obstacle represented by a price congestion level at the €129.2 price level, a level last seen at the end of 2019. Above the current price, the first resistance level is at the €129.21 price level, then the second at €130.19 and the third at €131.97 . Below...
The S&P500 index has found support at the $3880 level, extending to the $3800 price level. There is a significant divergence with the WT_LB indicator. There is only resistance above the current price before the price enters discovery mode at the $3990 price level. Below the current price, the first support level is $3880 , then the second at $3845 and...
The Bitcoin dominance chart is at a crossroads. One direction would be a continuation of Bitcoin's dominance over the altcoin segment, as has been the case since the beginning of the year. The opposite direction, below the dominance level of 62% of market capitalization, boosting the altcoin segment and could drive Ether to seek new all-time highs. Confirmation...
Ether may have found a temporary support level in its bearish journey against Bitcoin. The depreciation of Ether, valued in Bitcoins, has been steady after reaching the top of the current bullish channel at the end of January. It has now reached the channel's floor, an excellent opportunity to halt the slide. It is not in Ether's favour that the 200-day simple...
The Bitcoin dominance chart - i.e., the share of Bitcoin's market capitalization in the total crypto market - indicates the importance of the technical momentum that lies ahead in the coming days. In recent hours, Bitcoin's strong upward movement was driven by the arrival at the support level (A) of the bullish channel that currently governs the...
The daily chart of the gold price against the US dollar reaches a critical level in setting the future scenario. The XAU/USD pair has moved higher for four days after visiting support at the $1784 price level. At the moment, the price reaches the 200-day simple moving average and the downtrend line, which limits the technical figure (A) above. A breakout...
Bitcoin Dominance chart confirms that Ether leads now the market. Maybe it stops at this support level, maybe will move downward looking for the SMA200.
Ether Domiance Chart shows how the price it´s still on the bull side of the map.
The monthly chart of the EUR/JPY pair show a possible uptrend channel.
The Long Term Technical Structure on EURUSD have multiple scenarios due multiple Time Frames desincronization.
XRP/USD 30 Minute Chart The XRP/USD pair is reacting upwards during the U.S. session in an attempt to regain the $0.294 price level. The rapid decline seen during the Asian session has stretched the technical indicators, and now there is a logical reaction. Given the fall suffered this morning, the XRP has once again fallen below the accelerated downward trend...
In a first phase, the SP500 presents this objective.
Sometimes things are what they seem and not others. I believe this is the first case, seeing the graph and events that lie September seems very clear that it will not be easy. Surely we see comings and goings, false breaks and volatility, much needed volatility. Today is Friday and almost just another week of intense work, rest coming times...
As a traditional use of TICK it is to Forecast next movements, now seems than next movement could be Uptrend!!