quantguy

quantguy

Neo has advanced, but only slighty from a Fibonacci level at $110, currently seated at about $113 or so. We'll see more resistance from a Fibonacci Fan level at $118. After that, we'll meet resistance from the central moving average of the KRI at about $121. We do anticipate momentum to continue as we eventually will enter the third segment of the impulse of...

quantguy

LTC is one of the first coins to definitively breakout, riding on news of LitePay, and benefitting from a short covering rally on top of this. Although it faced resistance at $162, it has smashed through all those respective levels to find resistance at $200, a nested Fibonacci and technical level of which readers should be well aware by now. The daily candle...

quantguy

The Crypto Spread Indicator has reflected the breakout in Ethereum and has tipped the scales back to the Altcoins accordingly. However, the recent pullback across the board is reflected evenly and the spread has returned to parity. Both Bitcoin and the Altcoin index have retraced slightly, though we do see some technical strength in both, and breakouts can be...

quantguy

Litecoin, like BTC, has clung to its ranging window with a hard lower bound of $162, a level outlined here many times. After sharply rejecting the central moving average of the KRI, which coincides with a strong Fibonacci and nested Fibonacci level at about $200, it has pulled back to this window. Clearly, $200 is also a psychological level, which makes it even...

quantguy

Neo has refused to conform to the ranging behavior upon which its other fellow altcoins have insisted. We have seen strong momentum all weekend after conquering some ambivalence around $137 at the end of last week. We have support from below at the central moving average of the KRI at $139, and are roughly in between that and the upper bound of the KRI at $174. ...

quantguy

After maintaining the $0.10 window between $0.58 and $0.68, XLM has broken down to test the bottom of this range. It will find support at the central moving average of the KRI at $0.55, but after that, readers should be wary of a vacuum zone to $0.43 or so. The upper bound of $0.68 corresponds to a Fibonacci Extension level and the upper bound of the KRI, so...

quantguy

Both Bitcoin and the Altcoin Index have consolidated notably. There is a complete lack of momentum across the board as the cryptosphere waits for follow up news regarding regulations or bans on cryptocurrencies from central banks and governments. The Crypto Spread Index remains stagnant, supporting this claim. We wish we could give you more insight, though our...

quantguy

Litecoin insists upon maintaining the range between $177 and $186. It is currently hovering just above the lower bound of the KRI, finding some support here, but seems very reluctant to test the central moving average at $223, or psychologically and technically significant $200 level. Though we are likely to maintain this range until further news can give us any...

quantguy

Neo has given us hope as a strong rejection at $110 has formed a strong base with a bullish tweezer rejection of this Fibonacci level. We've since pushed past $129, the next Fibonacci level, to respect a point of control at $138, where Neo sits at the time of this writing. Today's candle appears to be forming a doji, which indicates investor ambivalence, which...

quantguy

It's a banality to reiterate that Ripple is ranging along with the rest of the cryptoverse. But like the other cryptos discussed in this report, it has maintained footing between levels, in this case, $1.28 and $1.42. The Kovach OBV remains bullish, but the Kovach Chande has dipped notably, indicating that now might present a nice buying opportunity. However,...

quantguy

IOTA also has been stagnating, though the price action has dropped more so than other cryptos, confirmed by both Kovach Momentum Indicators. We have remained below the lower bound of the KRI for the duration of the week. A sequence of higher lows on the day candles provides a glimmer of hope for investors eager for a breakout, though trading the mean reversion...

quantguy

Bitcoin cash is maintaining its hold on the $1,600 handle. At the time of this writing, we are finding support from a trendline on 5 and 30 minute charts. The Kovach Momentum Indicators remain bullish on the 1 day and 30 minute charts. This suggests that BCH may be gearing up for another long-awaited breakout. However, the psychological and technical level of...

quantguy

Stellar Lumens is the only altcoin on my list to gain traction today, shooting past the central moving average of the KRI, only to find resistance near a Fibonacci level at $0.68. We have a consolidation level at $0.66, which XLM is likely to test in the near future. After that, the psychological and technical level of $0.75 should be thought of as a profit...

quantguy

Stellar Lumens has faltered but seems to be finding footing at a Fibonacci level at $0.43. This roughly corresponds with the lower bound of the KRI, which now sits at $0.42 or so. Other cryptos have cratered through the lower bound of this indicator so the fact that XLM is holding above it is encouraging. We still have a way to go before testing the central...

quantguy

Bitcoin Cash has been hit particularly hard as well. It has tumbled through the nested Fibonacci anchor at $1,764, which coincides with the lower bound of the KRI at this point. BCH is currently finding some support at the psychological $1,500 level. If it can break down to $1,300 or so, then we must correct our Elliott Wave to account for this, but we have...

quantguy

IOTA has been hit particularly hard by the bear run in cryptos. Currently, it is finding support at a Fibonacci level at $2.14, bouncing back to $2.24 or so at the time of this writing. It has careened through the lower bound of the KRI, now well above current prices at $2.70. From above, we will have to test $3.25 before testing the central moving average of...

quantguy

Ripple has been hit quite hard as well. It is currently finding support at $1.19, very close to a Fibonacci level at $1.22 or so. Below we have a nested Fibonacci level at $1.12, then $1.03, which roughly corresponds to the lower bound of the KRI. From above we have nested Fibonacci levels at $1.39 and $1.82 before we hit the central moving average of the KRI...

quantguy

Neo once seemed unstoppable, but has continued to crash through support levels, hanging out at a Fibonacci level at $110 at the time of this writing. Below that is a Fibonacci Fan level at $106, then another Fibonacci level at $93. Hopefully the psychological level of $100 will provide support before then. We also appear to be in wave 2, but we are wrong if we...