Litecoin continued to sell off, but has found support exactly where we told you it would at $217. Several green triangles on the KRI are starting to suggest that Litecoin is receiving strong support at these lower levels. The Kovach OBV is quite oversold at the moment, which could suggest that a relief rally is near, even if it is just a retracement into a...
Ethereum has sold off into the low $4K handle. It does not seem to be willing to give up the $4K handle very easily, which is a good sign. We are currently seeing quite a bit of support just above $4020, the last level in the $4K handle, confirmed by several green triangles on the KRI. The Kovach OBV is starting to swing upward, potentially suggesting that an...
Bitcoin has pressed lower, but is finding strong support just below $60K. We are seeing quite a bit of support around $59.4K, confirmed by a cluster of green triangles on the KRI around this level. We are starting to see quite a bit of volatility here, which likely suggests that bull momentum is soon to return. If so, the next targets are $61.6K, $62.4K, and...
The US dollar has continued to press higher, making higher highs and breaking into the 96 handle. We have reached out next target at 96.24, but a red triangle on the KRI is indicating some resistance here. We have since pulled back slightly to 95.82. There is a vacuum zone below to 95.26. We are starting to look a bit oversold, so watch out for a retracement. ...
Stocks have gotten a lift off lows and are drifting up to higher levels. We are currently seeing support from 4693. We will continue to have resistance from 4729, and it will take more momentum than what we are currently seeing to break new highs. A retracement could continue the sideways correction, bringing us back down to 4649 or 4632. We could easily...
The DXY has gained strength, sailing through the vacuum zone in the 95 handle and is currently inches away from our next profit target at 95.82. Recall that we had a vacuum zone between 94.77 and 95.82. We have seen the DXY stutter along the way, and we anticipated seeing some new levels forming in this vacuum zone. We have since added two more technical levels...
Litecoin got smashed with the crypto selloff, retracing much of its aggressive rally to the high $200's. We neared $300 before the first selloff which took us back to the mid $200's. Currently, we are finding support at $227, as identified by a green triangle on the KRI. Litecoin still seems content in the $200's, but if we face another selloff, then $217,...
Ethereum sold off sharply, but found support at $4258. We saw a long wick extend below this level, which extended down to $4100 or so. Two green triangles on the KRI are suggesting that we have great support at current levels. The Kovach OBV has turned south sharply, suggesting that we are oversold at this point. But the lack of a follow through, and inability...
Bitcoin has melted down as looming US regulation and a China crackdown weigh in on the price. We have breached the $60K handle, but found strong support from $59.4K. Readers should be very familiar, and we hope you were prepared. The Kovach OBV has turned sharply bearish, but is starting to look oversold, indicating that this could be a good place to buy back. ...
The S&P 500 is ranging, and it seems we are in a broad sideways correction, after the impulse that took us to highs. We are seeing support from 4632, as identified by a green triangle on the KRI, and are facing resistance from 4693, as confirmed by a red triangle on the KRI, and will face further resistance from highs at 4729. The Kovach OBV has leveled off, so...
Litecoin found good support from $242, where it seems to have bottomed out for the time being. We saw two green triangles on the KRI confirming support at this level before catching a lift to higher levels in the upper $200's. We are currently flirting with $280, but some red triangles on the KRI are suggesting some resistance at this level. If we are able to...
Ethereum is continuing a broad sideways correction in the upper $4K handle. We saw strong support from $4450 where a selloff from highs found support. These lower levels were quickly rejected and we have found further support in the $4500's. Currently, we are hovering around $4670, and are likely to range here until further momentum comes through. The Kovach...
Bitcoin has recovered from a sharp dip from highs. We got smacked down from $66.8K to test the lower $60K handle, finally finding support at $62.4K, confirmed by a green triangle on the KRI. we are currently facing some resistance at $66.3K, as confirmed by two red triangles on the KRI. The Kovach OBV is pretty flat, so we anticipate further ranging in the...
Oil is pressing lower of reports of increased supply and weaker demand. We are currently testing a very important psychological and technical level at 80.00. We are seeing several green triangles here at 80.00 which is suggests strong support. If we are able to break down from here, then there is a vacuum zone below to 77.56. We have several technical levels...
Stocks have found good support at 4632, confirmed by a green triangle on the KRI. we have gotten a good lift from this level and are currently testing higher levels. Currently, we are testing 4695, where a red triangle on the KRI seems to be indicating some resistance. If we can see momentum come through at open, we could easily test highs again at 4729. If we...
Stocks have leveled off, trading pretty flat yesterday. Volatility has consolidated quite a bit, suggesting that a breakout either way is near. The Kovach OBV has completely flattened with this ranging. We are finding support at 4649 and 4632, two levels we called out yesterday. Beware of the vacuum zone below to 4580. If we are able to catch a bid towards...
Litecoin has retreated from highs but has stabilized around $260. We are still holding onto the mid $200's after that rally from $202 that brought us up to almost $300. We are seeing good support from $251, confirmed by several green triangles on the KRI. If we can make a run for highs again, then $280 and $291 are in sight as targets. If not, then $242 and...
Bitcoin appeared to be finding support at $64.3K, but momentum has weakened once again. We are currently finding support just below this level, with some green triangles on the KRI serving as confirmation. But the price action is 'rounding off' which looks weak technically. The next level of support from below is $62.4K. This level and $61.6K should provide...