tanreu

tanreu

Judging from the angle of attack on the SMAs, we can see that the momentum that was built up over the past week has been lost. The PPMs second that as well. We can see that the PPMs are all predicted to head down after today's session. Considering none of the PPMs are in trend mode yet, this means momentum has been lost even before it could start. I don't...

tanreu

After the spike in the previous trading session once again going through the RXT sell signal, price is now back in market grid. PPMs 1 and 2 are pointing down for the day, which means that there may be some sell off. However considering there is no major dip incoming in the algos, price may stay within the bounds of the market grid or the previous session's...

tanreu

Momentum seems to have waned over the last 2 days. The selloff following the initial spike had taken the wind out of the sails of this rally. Algos on the daily PPMs have gone flat. Hence I would expect more range trading over the next few sessions. However, once we move over to the weekly, we see that the algos on the SMAs are drawing a move for the 10 SMA up...

tanreu

For now it seems like some of the strength of Friday's rally still remains even after yesterday's retracement. PPM 1 is on its way to trend mode. However PPMs 2 and 3 are still languishing around no-trend territory. Hence for now I'll still be cautiously bullish. The angle of attack on the 10 SMA is still strong, indicating that this moving average is still on its...

tanreu

After the initial rally on Friday that pushed way past the RTX sell signal, we now have a pullback back into the market grid. However, the market grid has also turned up and price is now floating around the bottom of the range at S3. The PPMs are all trendless today too so I expect some pullback to stabilisation for this and maybe next session.

tanreu

From the looks of the PPMs, today looks to be an up day. PPM 1 has turned up with momentum continuing upwards over the next few sessions. PPM 2 has already jerked up quite a bit and PPM 3 is predicted to spike upwards in the next session. It seems there was a mini rally early in today's session which sent to price all the way to the RTX sell signal. Time will...

tanreu

We had some indecision in the market yesterday, with a doji-like candle by the end of the trading session and both ends similarly long. It may seem like the selling has abated somewhat. However, note that the PPMs are all still negative even if they are not in trend. Yes, they are starting to gain momentum, but the SMAs will still need some time to reverse and...

tanreu

Looking at the daily and the weekly, it seems like the sell-off is gradually starting to taper. The daily 10 SMA is looking to do a 180 turn and the PPMs support it. There may be another one more session of continued selling for the stop-hunters but by and large, I would think the downside could be limited. Of course, being still in no-trend territory, all the...

tanreu

PPMs are still pointing towards a downward momentum for the next 2 or so trading sessions. However after that, it is pointing back up at a recovery. We are still looking at a short sell off incoming. For some reason, the low fib targets are still in play. But the market grid is already narrowing bit by bit. The trading range has already narrowed quite a bit and...

tanreu

With the algos on both the PPMs and the SMAs pointing downwards, the momentum of the relief rally seems to be short lived. Especially looking at the projected sharp drop in PPM 2 going forward into the next 2 trading sessions, it looks like the 21 SMA is going to be a hard ceiling to crack. Add to that both the faster moving PPMs are currently under their 2nd...

tanreu

The PPMs are headed up for today and probably stabilise Monday, but from the looks of the algos on PPM1 and especially PPMs 2 and 3, Tuesday's session may not look so rosy. That coupled with next week projected to be a down week, things are not looking too good for next week. I'm not sure what's going on next week other than Powell's speech tonight but bulls may...

tanreu

Price hit the RTX sell signal in yesterday's trade and subsequently dived back down to the opening level. That followed today with an opening around yesterday's close. PPMs are down for the day but predicted to see some buying back over the next 2 days or so. After all, we did already hit low fib target 1. So is the selling over? Judging by the PPM outlooks, I...

tanreu

ARRR has yet to go into buy territory. It has gone into the moku cloud, but that does not signify anything yet. This setup is meant to show clear trends, and all we have seen so far is a clear trend down followed by choppiness. If we can get above the cloud, and the cloud turns green, it would be safe to start cost averaging in. For now, the 10SMA has started...

tanreu

Longer term, the double bottom put in towards the end of last month may signal an upcoming rally in the cards. However, in the shorter term, the recent double top means we could get a small dip before the rally starts. This dip will probably reset the overheated stochastic RSI and get the 3 indicators here to be ready for a move up.

tanreu

Since my previous update on ARRR, price has only gotten further away from the moku cloud. This does not bode well for this coin. Looks like it is still trying to reverse, but I want to see more signs of a turnaround. The cloud first has to turn green, then the price has to drift into the cloud, and the lagging line has to push above the price line. But for now, it...

tanreu

Is the bottom in? Who knows? The Renko chart does not predict tops of bottoms but it shows a clear trend in one direction. Money is made in the middle, not catching the tops or bottoms - that's gambling. Either that or you're a market manipulator yourself. Anyway, we are still below the red moku cloud and the lagging line is still below price action. So this...

tanreu

For now, the trend seems to be down and even the last pump couldn't save it from the bear trend on the 4hr renko chart. Notice the last wick at the start of the current wave down just touched the moku cloud and got rejected. On top of that, the moku cloud did not manage to turn green and instead went back down. The lagging span is also currently below the bricks,...

tanreu

Things are not looking good for pirate bulls as we have broken the most recent trend line support. 1.50 needs to hold on the weekly if we are still in an uptrend. If not we would be looking at a possible touch of the 1.30 region or even sub dollar levels. On the 12hr, it looks like a descending triangle has formed with a base at 1.67. The stochastic RSI looks...