quantguy

quantguy

Bitcoin Cash has edged upwards, though momentum is very thin. It currently is finding support in the $1,200's, currently at $1,280, a level explicitly identified here yesterday. We'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $936. If momentum reignites, levels of resistance from above include the...

quantguy

Stellar Lumens has continued to find support at $0.35, a significant level highlighted many times here. It appears range-bound between $0.31 and $0.38 or so, strengthening the case for a breakout. If support does not hold, we have the lower bound of the KRI at $0.31, which is just above the psychological level of $0.30. Further, we must consider levels of...

quantguy

Litecoin seems to have conquered technical weakness in the form of a retracement last week. It rejected the central moving average of the KRI, which at that time was at $185. It has since picked up to $193, where we will find support if this rally retraces. Both Kovach Momentum Indicators remain bullish and are accelerating notably. Elliott Wave analysis...

quantguy

Neo has broken out emphatically from $115, where it found support from the central moving average of the KRI over the weekend. This reinvigoration of momentum suggests that it is likely entering wave 3 of the impulse wave. The Kovach OBV remains bullish, but the Kovach Chande appears to have bottomed out, and is beginning to turn bullish to reflect the breakout....

quantguy

Ripple has consolidated to extremes at $0.90. Like the other cryptos, it seems to be gearing up for a breakout. If so, levels in the low $1 handle like $1, $1.03, and $1.06 will provide resistance. Additionally, $0.95 will be the first level to break beforehand. From below, $0.90, $0.85 and $0.79 will offer support. Although it seems a long way off, $1.22...

quantguy

IOTA has edged upwards from the $1.60's, and $1.70's to finally gain traction at $1.80 at the time of this writing. There is a notable consolidation of volatility which could lead to a breakout soon, confirming entry into Wave 3 of the impulse of the Elliott Wave. We have support from below at $1.78, then $1.60, and finally we have $1.45, a Fibonacci level. ...

quantguy

Bitcoin Cash has consolidated notably, finally finding support in the $1,100's at $1,168 or so. Although our Elliott Wave analysis has confirmed a bearish trend, we do anticipate a corrective phase to provide a relief rally for us in the near future. We'll have support from Fibonacci levels at $1,144, $965, then the lower bound of the KRI at $936, which are...

quantguy

Stellar Lumens has continued to find support at $0.35, a level highlighted many times here. This has proven to provide support and appears to be a significant level. It has consolidated to extremes and seems ready to break out. If support does not hold, we have the lower bound of the KRI at $0.30, which is a psychological level. Further, we must consider...

quantguy

Bitcoin and the Altcoin Index have both dipped notably, but commensurately. Both have cratered through levels of support desperately clinging to current levels for dear life. This is reflected by the Crypto Spread Index which is still at parity after spending a significant amount of time in positive territory, which indicated a tilt towards Bitcoin's favour. ...

quantguy

Litecoin has firmly rejected the upper bound of the KRI, and smashed through the psychological $200 level, currently sitting at $195 or so. Both Kovach Momentum Indicators are still bullish, but the Kovach Chande has started to turn downwards, an ominous sign in that it has a lot of room to go. Elliott Wave analysis confirms that we are due for a pullback after...

quantguy

Neo has retraced all the way back to $110, a Fibonacci level which will provide strong support. We are still very bullish of Neo and expect it to enter the third segment of the impulse of the Elliott Wave soon. The Kovach OBV remains bullish, but the Kovach Chande has turned bearish, indicating the short-term weakness. We have further support from a Fibonacci...

quantguy

Ripple has given up the $1 handle. It has broken through the central moving average of the KRI at $0.96, and a nested Fibonacci level at $0.95. What was once support at $1, $1.06, and $1.03 will now provide further resistance. If we're unable to regain strength, we must turn to nested Fibonacci levels at $0.95, $0.90, $0.85, and $0.79 for further support. If...

quantguy

IOTA turned sharply, retracing to support in the $1.60's. What we thought was going to be a bullish breakout has unfortunately turned out to be bearish. We have extended the corrective phase of this impulse wave. Though this is still a reasonable pullback from a technical perspective, it is starting to become worrisome. We have support from below at the...

quantguy

Bitcoin Cash has gotten hammered, clinging onto $1,200 for support. It is difficult to believe that just a few days ago this coin was in the $1,500's. BCH reacts wildly to bearish trends, but typically is slow to react to bullish trends. We've broken through support from the central moving average of the KRI at $1,271. We'll have support from Fibonacci levels...

quantguy

Stellar Lumens has retraced, finding support at $0.35, a level with which readers should be very well aware by now. This should provide support again if needed. After that, we have the lower bound of the KRI at $0.32. Next, we must consider levels of support in the $0.20's including $0.28, and $0.23, both Fibonacci levels. The central moving average of the KRI...

quantguy

The Altcoin Index has given pause as the major Altcoins have had trouble with major levels. Bitcoin has had the same difficulty over the weekend, pulling back to levels of support. Both seem to be consolidating, ready to explode and conquer levels which at present offer transient resistance. Both BTC and the Altcoin Index appear to be correlated in this sense,...

quantguy

Litecoin has pulled back yesterday for technical and fundamental reasons. Fundamentally, we saw the fork for Litecoin Cash (LCC), which offered holders 10 LCC for every 1 LCC. Technically, strong resistance at $236 presents from a nested Fibonacci level, and the upper bound of the KRI. Also, LTC has made a terrific bull run, appreciating by 45% or so from its...

quantguy

Neo faced some resistance at $135, pulling back from this level to support at a Fibonacci Fan level at $124, though it has bounced back and appears to be attempting to definitively break $135. We do anticipate momentum to continue as it appears we have already entered or are about to enter the third segment of the impulse of the Elliott Wave. The Kovach OBV is...