quantguy

quantguy

Bitcoin Cash is also clinging to an extremely narrow range between $1,256 and $1,300. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, we must break through the central moving average of the KRI currently at about $$1,300, the upper bound...

quantguy

IOTA too has clung to a very narrow range between $1.92 and $2. It is currently finding support at the lower bound of this range, at $1.92, which is the central moving average of the KRI. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. Other levels of support include $1.84,...

quantguy

Neo has retraced further to find support at the central moving average of the KRI at $122. This also is a technical level of support at a previous congestion zone. Although this is a setback, we still seem poised to rebound, and current levels can be thought of as good entry opportunities. The Kovach Momentum Indicators have wavered suggesting Neo doesn't have...

quantguy

Ripple has held onto the very narrow range between $0.88 and $0.93, currently holding onto support at $0.90. It tried to reach $0.95, but this turned out to be volatility in the form of a wick. It has since retraced to respective lows, currently finding support at $0.89. Day level analysis is useless, since we have ranged for so long, but like the other...

quantguy

Litecoin advanced slightly to retrace back to technical support at $205, which coincides with the central moving average of the KRI. Both Kovach Momentum Indicators remain bullish appear to be levelling off reflecting the range. On 30-minute charts, the Chande appears to be rebounding from lows which gives us hope. A consistent theme throughout all...

quantguy

Stellar Lumens has edged lower, within inches of the lower bound of its range which corresponds to the lower bound of the KRI at $0.30. It is still range bound between $0.31 and $0.38, though the upper bound of this range seems to have narrowed to $0.35. If support does not hold, we have the lower bound of the KRI which still sits at $0.30, which is also a...

quantguy

Bitcoin Cash has tested some levels in the lower $1,200 handle. Thankfully, it rejected these and rebounded to $1,275, which appears to be a very strong level. Currently, it corresponds with the central moving average of the KRI. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of...

quantguy

IOTA too has remained range bound, currently testing the upper level of this range near $2. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. The central moving average of the KRI continues to provide support around $1.92. Other levels of support include $1.95, $1.78, then $1.60,...

quantguy

Ripple remains range bound in $0.90's, currently at $0.90. Little has changed since yesterday, and Ripple did not react as sharply as other cryptos which tested respective lows. But it did retest $0.87, which is exactly the level we called out here to the penny. Diligent readers were rewarded with the opportunity to buy back at this level. Like the other...

quantguy

Neo has retraced further from the upper bound of the KRI at $140 to find support at a Fibonacci fan level at $129, which corresponds with a Fibonacci level. This combination amplifies support and we see that with the long wick of todays candle on the downside, bolstering the rejection of the central moving average of the KRI at $121. Although this is a setback,...

quantguy

Litecoin retraced to the central moving average of the KRI, which coincided with psychological support at $200. It has since rebounded back to the lower end of the range it was holding at $210. Both Kovach Momentum Indicators remain bullish but the Chande has stalled and has levelled off. A consistent theme throughout all cryptocurrencies covered here is that...

quantguy

Neo has retraced from resistance at the upper bound of the upper bound of the KRI at $140 or so, and currently is hovering at $133. Although this is a setback, it is still likely we are in wave 3 of the impulse wave, and we hope that momentum will revive. The Kovach OBV remains bullish, but the Kovach Chande has waned, which is disappointing. Again, we are...

quantguy

Ripple has reverted to the lower bound of its range in the $0.90's, currently at $0.90. Like the other cryptos, it seems to be gearing up for a breakout, but has faced a setback. If it does eventually break out, levels in the low $1 handle like $1, $1.03, and $1.06 will provide resistance. It must break through $0.95 first, which is a significant level for...

quantguy

IOTA has made new relative highs in the $2 handle only to give that up and retrace back to the $1.90's. Although we are drifting upwards, the lack of momentum is concerning. We would need a lot more than this to confirm entry into wave 3. Luckily, we are still above the central moving average of the KRI at $1.88, which will provide support. Other levels of...

quantguy

Bitcoin Cash has lost some momentum, but is still clinging to prices in the lower $1,200 handle. We'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $1,075. If momentum reignites, levels of resistance from above include the central moving average of the KRI currently at about $1,295, then from $1,400,...

quantguy

Stellar Lumens is desperately clinging to support at $0.35, a significant level highlighted many times here. It appears range-bound between $0.31 and $0.38 or so, and made a run for the upper bound of this range before retracing. If support does not hold, we have the lower bound of the KRI which still sits at $0.31, and is just above the psychological level of...

quantguy

Neo has broken out significantly to reach $139 at the time of this writing. This momentum seems to confirm entry into wave 3 of the impulse wave, and we hope that momentum will continue. The Kovach OBV remains bullish, but the Kovach Chande appears to have bottomed out, and is beginning to turn bullish suggesting there is more in the tank. We are currently...

quantguy

Litecoin seems to be establishing a narrow range with a lower bound of $210 or so, currently hovering just below $220. Both Kovach Momentum Indicators remain bullish and are still accelerating. Elliott Wave analysis suggests we are in wave 3, but more momentum will confirm this. Levels from below include the psychological and technical $200 and $210. Next, we...