LTC has retraced most of its bullish movement. The price is at its support. A bounce from here could be expected, but also new lows. The polemic about LTC's lack of development is weighing in the investor sentiment.
Ethereum is also retracing, as the rest of the altcoins. We need the price to get out of that triangle, presumably to the upside.
Ripple is retracing the price bounce it did last weekend. The MACD is still in a bullish phase, while the Stoch. is showing that correction. We estimate that it may start another leg up from here as the strength of the bears is weak. There is the need to get this estimation confirmed before risking any money, though, since a bitcoin negative action may change this.
The price is moving in a tiny tight range. we have to wait for a breakout with volume.
The S&P Merval index plunges over 30% losing the 40,000 pts.
The US dollar reaches a record high in Argentina soaring near to $ 62.
Litecoin has bounced during this weekend, but the last three 4H candles are retracing to its last support at $87.That put the price to its Bollinger mean line. The MACD is still bullish, while the Stochastics has made a bearish crossover. This last candle needs to recover to feel this upward movement continues. Bu the way, the Daily trend is still bearish.
Ethereum still in a bullish leg after hitting resistance at $218. The price is above the upward trendline, MACD bullish and the price above the +1 Bollinger line.
Ripple Bounce has found Resistance at 0.305. The MACD is in a bullish phase but the Stochastic oscillator is near overbought. The price is correcting the last bullish candle, but it still did not break this candle's low, so the action is still bullish.
Bitcoin is behaving weakly after Saturday's price dump. The MACD, although turning up, it did not yet make a crossover to bullish. The price moves toward the -1 Bollinger line, which is bearish.
This week, Swiss Franc futures soared again boosted by trade war fear, but the next question is it's time to take the risk back?
The EURNZD cross daily chart shows a complete A-B-C sequence of a Minor degree (red label) which started on March 27, 2019. Follow with us what is the most likely next path for the coming weeks.
On Friday, the precious metal gold prices trade sideways near $1,500 pivot, en route to its best week since April 2016. If you The Fibonacci indicator is supporting gold around 1,498 and 1,490 (23.6% & 38.2%) levels.
Binance is bullish, but currently is finding resistance at the levels of its latest tops. MACD is bullish and the price above the +1 Bollinger band suggests more upward movement after the consolidation.
Litecoin is moving in a kind of triangular structure where the price is not able to make lower lows but also unable to do higher highs. THe MACD seems to be curving for a transition to bullish.
Ethereum is correcting 50% of its last bullish leg. That might be a good place to start a recovery, although there is no singns yet to that scenario.
Ripple still weak. The bullish candles are used by bears to add to their positions. Currently, the price is fighting at the 0.305 support level. Unless the Bitcoin start moving up we see more downside on the XRP
Bitcoin is still fighting with the 12K barrier. Bulls need to wait for a consolidation of the price above this level. Bears do not tempt your luck too much. Selling the 12K breakout once more could be deadly. MACD still bearish.