Litecoin is moving as stated yesterday and the price continue moving toward's its $61 support level. Daily stochastics and MACD confirms the price action. Only a strong bitcoin bounce today would change LTC current situation.
Ethereum continues showing a bearish sentiment. yesterday's bounce was very weak and the last candles are showing descents. MACD and Stochastics confirm this impression.
Ripple has bounced off of its 0.2463 support and it produced a large bullish candlestick which now is being retraced. MACD and Stochastics point for a continuation to the downside and a further test of the recent bottom.
The (green) supply area is creating a bounce in the Bitcoin price. The volume bars still show that bears are in control, so we do not expect the bounce to last for long. The maximum target is $9,750. The 4H chart shows the key levels involved. Above the price are resistances, below the price supports.
The GBPNZD cross in its 4-hour chart shows an incomplete bullish impulsive sequence. In this post, we'll review what is the most likely scenario for this cross.
The silver futures (COMEX:SI) in its 2-hour chart shows a potential reversal formation. Follow with us what to expect from SI for the coming days.
Litecoin has breached a support line which seems the neckline of a complex Head and Shoulders formation. Its next objective is the $61 support which is April's 02 opening that triggered its large bullish movement towards its $146.9 top.
The daily chart of Ethereum seems to indicate a continuation of the drop to test the $152 support. Technical indicators are bearish.
Ripple fell yesterday to 0.246 and then it bounced. Now XRP is moving at 2017 levels. The downward trend continues. the next support is 0.246 and then 0.234. Its closest resistance is 0.258. The price seems headed to test 0.246 again.
Bitcoin dropped yesterday following a heavy drop in altcoins. This drop happened at 4.00 UTC in less than 30 minutes. Currently, the price is in the area of previous bottoms made in July. The green area represents a supply area on previous occasions which would trigger upside bounces to test the $10K again. Technical indicators are bearish, also in the daily timeframe.
The USDJPY pair in its hourly chart shows a pennant pattern. Follow with us what to expect from this technical pattern.
USDCHN has gapped up last monday. after two days of consolidation, today the exotic seems bullish and close to make a breakout to the upside. daily MACD is bullish and the 4H Stoch is making a bullish transition today. ALso, the price moved from the +3 Bollinger line to close to the mean line. That is common in consolidations. After the touch of the mid-line it...
Gold has mostly traded in line with our previous forecast and continues to trade higher aim trade war which is why investors are moving their funds from the stock market to billions, such as gold and silver. On the technical front, bullion’s 14-day relative strength index (RSI) was around 70, indicating that the commodity was approaching overbought territory.
GBPUSD broke the ascending channel and started a continuation of the main downward trend. The next target is 1.212, and 1.203
Litecoin still inside its sideways channel, and currently touching the lower support area. Stochastics are still showing downside movement. MACD is useless here.Buyers show at these levels and volume bars suggest a new price movement to test the resistance area, although the current candlestick would need to close strongly in about 1 hour.
Ethereum's bottom seems to hold. If the price finally moves above this triangular structure it could create a new upward move to test the $200 level. The downside risk is for the price to move down to test the $180 support, although this seems less likely.
Ripple is also suffering lack of volume, Currently XRP price action is slightly bearish, as shown by the MACD, but nothing to help a trader make a decision. Buyers need the price to close above the trendline, sellers should wait for a break of the support and sell the pullback.
Lack of voume keeps the price of the bitcoin inside a channel above $10,000 and below $10,400 Stochastics and MACD point to further weakness.