quantguy

quantguy

Litecoin has made an attempt at $217, where we suggested strong resistance yesterday. Our skepticism was confirmed as LTC has rejected this level in favor of support in the lower $200's. Currently it is hovering over support at $202. We are seeing several green triangles on the KRI suggesting support around this level, but the price action has rounded off from...

quantguy

Ethereum has tested a relative high at $4748 (which we have added as a new technical level), but we saw rejected resistance here, confirmed by a red triangle on the KRI and a sharp dip south to test our level at $4450. A green triangle on the KRI has confirmed support here, but another sharp dip could easily slice through to test support at $4341 or $4258. Worst...

quantguy

Bitcoin is maintaining the range between $55.7K and $59.4K. The KRI is indicating support at the lower bound (green triangles) and resistance at the upper bound (red triangles). From here, the crypto market surely needs to establish direction, and we are getting mixed technical signals. The price action does appear to be rounding off, suggesting lower levels,...

quantguy

Oil is still very bearish but does appear to have settled for now, finding support at our level at 64.86. We have gotten a small boost here but are seeing some resistance as confirmed by a red triangle on the KRI just above 66.84. We are currently in roughly the midpoint of a range extending from 64.86 to 69.67. The Kovach OBV is extremely bearish, and starting...

quantguy

We cautioned readers yesterday to exercise caution with stocks and this advice was warranted, as stocks have dipped further into negative territory. Global stocks have pushed lower with news of the first case of the Omicron strain of the Coronavirus was confirmed in the United States. We have broken through what appeared to be strong support at 4580, then 4564,...

quantguy

Gold has dipped further, breaking 1777 and testing 1770. This is the exact level we identified yesterday. We noted that below this, there is a vacuum zone to 1759, but several green triangles on the KRI are suggesting we are finding support. From here, we could stabilize in the 1780's, as there are several resistance levels that we have been testing for the...

quantguy Updated 

Three factors are weighing in on stocks lately. We have the persistent boogeyman of the new Omicron coronavirus strain that is vaccine resistant and has been weighing on global markets all this week. Also, Fed Chair Powell has made some hawkish statements about rates and tapering in response to inflation. Finally, the OECD has voiced a gloomier outlook for the...

quantguy

Litecoin has pressed higher in a zig zag pattern, reaching as high as $217. We are seeing a red triangle on the KRI here, which suggests resistance. It will take some momentum to break through this level. The Kovach OBV suggests very weak momentum in this rally, and thus we are likely to retrace or range at current levels, before more momentum kicks in. We...

quantguy

Ethereum bucked Bitcoin's blues and made another run for highs. We broke through $4450, the level we identified yesterday, and are currently just below highs at $4858. A red triangle on the KRI is suggesting some resistance, even though we are roughly in the middle of the vacuum zone to highs. If ETH cannot sustain the rally, watch for $4670 to provide support,...

quantguy

Bitcoin has been jostling for direction lately, after being batted down to $52.8K, then rallying back to $59.4K, where we saw resistance confirmed by a red triangle on the KRI. We are settling right now in the low $57K's, but there is a bit of volatility in this narrow range at is struggles to find direction. The Kovach OBV is gradually picking up strength,...

quantguy

The US dollar has stabilized, and 95.82 seems to be providing good support. We have a green triangle from the KRI confirming the support, even though yesterday, we dipped slightly lower in an attempt to crack it. Some volatility came through after that, and the rally was finally thwarted by 96.65, the final level in the 96 handle. A red triangle on the KRI...

quantguy

Litecoin has broken back into the $200 handle. We are seeing a small zig zag rally which is currently contending with our level at $209, then one we called out yesterday, and for several reports now. The Kovach OBV is still bearish, so we are a bit skeptical of this rally. If it continues then $217 and $227 are the next targets. In particular, $227 is...

quantguy

Ethereum looks to be strengthening which is a bit of a divergence from Bitcoin. We have broken through $4450, and are in the middle of the vacuum zone between $4450 and $4670 at the time of this writing. We are seeing the Kovach OBV pick up, suggesting there may be legs to this rally. Watch $4670, as this is the next target and level of resistance. Should we...

quantguy

Bitcoin attempted a 'scam' rally but fell short of our level at $59.4K. The fact that the Kovach OBV has not really picked up with the rally should have been an indication that we are not likely to continue into the $60K's any time soon. The broad range between $52.8K and $59.4K seems to be much more comfortable for BTC at the moment. Broadly, we could be...

quantguy

Oil had a brief attempt at a rebound in the 70 handle, before crashing right back down to the 60's. We alerted you yesterday that the relative low was somewhat auspicious at 67.91. This is exactly where we are hanging on by a thread at the moment. The Kovach OBV is solidly bearish, and fears over the Omicron variant have weighed on demand considerations. If we...

quantguy

Coronavirus fears continue to weigh on stocks. In particular, the Moderna CEO predicts less effective vaccines for the Omicron variant, and this has sent stocks back to lows despite an attempt at a rally, yesterday. We made it as high as 4668, which we have identified as a new technical level, before falling back to lows, which appear to be holding for now,...

quantguy

TLDR; Three reasons to buy Harmony ONE: 1. Recent upgrades 2. Strong technicals 3. Big developments in the pipeline Harmony one retreated from highs in the high $0.30's over the thanksgiving weekend. It has been holding strong in the mid $0.20's despite the crypto FUD that brought ETH down briefly below $4K. We are near the bottom of a value area, the floor of...

quantguy

Litecoin has crashed from relative highs at $227 and has smashed through support giving up the $200 handle completely. We finally saw a floor at $184, a level we have identified in these reports many times. We noted in the last report that if $195 and $191 failed to provide support then $184 should hold and this is exactly what happened. Currently, we are...