CapMoore

CapMoore

Price is advancing on the back of a Bullish MACD cross and is closing in on the stronghold support & resistance confluence level at 9200-9600, made up of Trendline/61.8 fib/Weekly pp/ and slightly above that at 9750 the Kijun line (white line). Chances are we might see a bounce from here or hesitation, but if broken with conviction and a strong candle, next...

CapMoore

Ripple is about to shift trend on the H4 timeframe if we see a close above the Cloud, as it is currently trading. A close above will also create a buying signal. On the daily chart, price is closing in on the S/R level at 1.13 which today aligns with the Kijun Sen (white equilibrium line). If price continues higher and cuts through this level, the Weekly R1 will...

CapMoore

Price has advanced and broken the trendline and is now inside the Cloud. It has almost hit the Weekly pivot point at 0.935. On the upside, Bulls would like to see price take out the 1.02 level and create a new swing high for a reversal and to carv out a bottom. The 1.02 level is both support and resistance and the upper Cloud resistance. Support from here is...

CapMoore

The pair has now established the 750 level as support and is currently trying to breach the 830 S/R. On the daily chart, if price closes above it chances are we will see a move and retest of the lower end of the Cloud around 910 level and just above that the yet untraded Weekly pp at 930. Bulls would like to see price return inside the Cloud to shift the trend...

CapMoore

Yesterday price made a daily close right at the important 8250 level tipping point, emphasizing current market indecision. Today we have seen some slight pullback, but on the hourly chart (right) price is searching for support by the upper Cloud. Still it has failed to close above the Daily pivot point as of now. Some bearish divergence on the hourly has also...

CapMoore

Bitcoin Cash has reached the horizontal support and resistance level at 1300 which is also the upper end of the Cloud. Bulls are looking for a Cloud twist and a break above it, which would expose the 1500 level. The next important resistance above the high at 1740 is the important Monthly pivot point and below that the SMA200. Monthly pp @ 1940. If price drops...

CapMoore

Price put in a large green wick candle piercing the Yearly pivot point and closing above the Monthly S1 at 750. Yesterday saw price move up and test the Cloud from below after which it sold off and closed right at the important 750 level. Today again we see price advance and is currently by the S/R level at 825. Bulls would like to see a return inside the Cloud...

CapMoore

Price found some support by the daily SMA200 but has been unable to produce a strong bounce. Natural targets above current level is the Weekly pp which is yet untraded at 0.93. And below price we have the untraded Yearly S1 and Weekly S1 confluence support at 0.50. On intradray chart (to the right) price is holding above the Daily pivot point and as long as it...

CapMoore

On the daily chart yesterday initially price moved up and above the important 8200 S/R level which is also the SMA200, but it failed to close above it and came down to close in red on the day. A dissapointment for Bulls but nothing unnatural in a bottoming process. It is normal to see a retest of previous low, so that might be coming, i.e a drop towards...

CapMoore Updated 

The pair put in a descent reversal candle yesterday and closed above the 7600 S/R level and the Monthly S1 at 7200. But it failed to close above the SMA200 on the daily timeframe. Bulls would like to see price above that moving average again and after that breach the 61.8 Fib at 9400 to have price back above the previously broken trendline. Bitcoin is still...

CapMoore

Price made a daily close above the Monthly S1 yesterday and is now retracingsome of that. On the hourly price was rejected by the upper Cloud and is now trying to test the lower Cloud and the Daily pivot point. The blue arrows show likely movements depending on how Daily PP supports. A natural target after yesterdays close would be the 820 S/R. If the daily pp...

CapMoore

At the moment a long wick candle is being formed piercing the Yearly pivot point at 600 level which is also a previous support level. A daily close above the Monthly S1/S/R level at 760 will expose the next resistance levels at 825 and above that the Cloud around 900. Bulls would like to see a return inside the Cloud to shift trend to neutral and wait for the...

CapMoore

We are seeing an intraday reversal, price taking out previous high @ 7431. M30 trendline broken and we might see a move towards the 7800 level, after a retest of the Cloud and the Daily pp/Monthly S1 @ 7150-7250. Monthly S1 is critical on the higher timeframe outlook, so if we see a close above this level today, it should bring some relief for bulls, wether...

CapMoore

Support: 0.255 /0.237 0.167 0.09 Resistance: 0.37 0.44 0.5 0.55 0.86 (Max target Butterfly)

CapMoore Updated 

Price is approaching the lower floor of the large channel. If broken we are looking at a move towards the ultimate support, as I call it, since it is the Yearly S1 and the Weekly upper Kumo Cloud support. If that is broken, we are sort of closing in on the event horizone of the black hole. The way the Monthly S1 just gave a bounce visible on intraday charts, is...

CapMoore

Price has invalidated the Hammer and is breaking lower. There is a confluence support level around 0.5 which may give some relief, but Bulls would like to see a move, as shown with the green arrow in the chart. If 0.5 breaks down, look for intermediate support at 0.4 and then 0.2 looks to be the next solid support level. It is looking bleak for the pair, as with...

CapMoore Updated 

Price has fallen back after a retest of the broken trendline and is now back at the important support & resistance level at 7900. The ascending trendline is the 200 days simple moving average. It's the most important of all moving averages and oftentimes the ultimate destination for a retracement. The trendline is ascending which reflects how price has moved...

CapMoore

Ripple is trendling lower on the Intraday chart. Currently testing the support at 0.88 which is also the upper Cloud. If price breaks lower here chances are we will see it move towards the 0.66 level, if it breaks below the 0.80 support. Bulls would like to see price break above the 1.00 mark and above the trendline (white line). But price needs to take out...