Price has fallen to the 860 support and below the Weekly S2 at 790. This level coincide with the lower band of a newly formed Pitchfork. It has since bounced and is now trading above the horizontal support at 860. A bullish engulfing has been formed which suggests further gains. Resistance is at 945 and 1000 level. Overall, the pair has fallen sharply the last...
Price has reached the next major support below the 1.50 level as specified before. The pair has lost more than 2/3 of its value in 2 weeks and it is hard to know if this will be the end of its decline. Next support is the S1 confluence zone between 0.50-0.65, with emphasize on the 0.65. If one really digs deep, and takes the Head & Shoulders pattern target, it...
On the daily chart we see the strong breakout candle from the triangle formation/Congestion. Price did reach and clear the Yearly pivot point, which is a good thing even for bulls, as untraded pivot points tend to attract price, and the higher tf the more gravity_ involved. On the H4 chart to the right, the breakout was followed by divergence, i. e the volume...
Ripple followed suit as the whole crypto market was sold off. It has taken out the important 1.50-60 support level and before that the trendline. It has found some support below by the Weekly S1 and it almost reached the 1.13 support below that. The MACD indicator shows some bullish divergence right now but it is still early as no bottom has been carved out...
ETH/USD testing the lower end of the Pitchfork but was rejected at a first try. A bearish Kumo twist is brewing and if we see another sell off impulse, and a close below the Cloud it would result in a sell signal. If price breaks and close below the Pitchfork floor it may accelerate the drop. Support below is at 1000 and ultimately the 850 level, if the sell off...
The pair, yet again, saw gains pre Asia and losses during Asia session, where it was pushed below the triangle floor and is now looking lower. The sell off continues into early Europe trading and price has quickly advanced towards the Yearly pivot point, currently cutting through the Weekly S1. Since this breakout has been brewing some time now, it may become...
The last week Neo has been strong even against the Ethereum. So what can be expected going forward? Price has broken above the Cloud on the back of a bullish twist after being sold off a couple of times by the Weekly R1. It also found good support by the Weekly S1 on Jan 8. It has been oscillating around the Monthly pivot point the whole month this far, a...
Price is attempting to close below the Cloud and the Daily S1 pivot after failing to continue higher on a bullish Cloud breakout. The new, yet untraded Weekly pivot point is at 1247 and just below that is the support/resistance level at 1230 (red line) If price manages to close inside the Cloud we might see another attempt to breakout higher, but resistance has...
The pair is hanging on to that triangle floor and is now trading above the daily pivot point at 13700. If it holds above it may advance to the Weekly pivot point, yet untraded at 14250, which is also approximately current monthly pp and the daily R1, thus a cluster of resistance there. Bulls would prefer a close above this level and the 14619 high from Jan...
A quick lock at Cindicator/Ethereum reveals that price has been pushed below the Cloud and has revisited and been rejected by the broken trendline. Dec 10 price touched the Monthly pivot point and has held above today. If price consolidates we may see some appreciation and perhaps another test of the trendline from below or a test of the Cloud. If price close...
Price has breached the horizontal support around 0.0002 and the trendline support below it. If price continues lower next target is the previous resistance at 0.00012350 level. Below that its the Monthly S1/Weekly S2 just above all time low. The pair is under severe pressure, like many other altcoins right now. If price close above the trendline again, chances...
Price is trading inside the large bullish candle and as long as it does that, chances are that we will see more consolidation below the Cloud. The projected Cloud is still trending lower and adding pressure and on a daily basis it has broken below the S2 pivot which is quite bearish. If price manages to break below the large green candle and the low/pivot cluster...
Bitcoin failed to establish upward momentum and followed the pattern of late, taking a hit during the Asia session which is persisting into early Europe session. Price has fallen back to the lower support of the triangle and is under severe pressure as of now. A strong candle breakout and chances are good that price will test the yet untraded Yearly pivot point...
On the Hourly chart price has made a bullish breakout, clearing the Cloud resistance and creating a buy signal, this after testing the lower end of the Daily triangle. Currently bouncing lower from the Daily R1/Monthly pp cluster, we might see a pullback towards the breakout level at 13900 which should support price if this is a reversal point. If price breach...
We saw a bullish engulfing yesterday which pointed to gains and it has worked out well. Price has advanced and is looking strong right now, eyeing the All Time High at 1379. Resistance sits at the upper border of the Pitchfork channel. There is also the Monthly R3 pivot that may act resistance. If momentum builds price may very well enter outside the channel and...
Price has bounced off the Weekly S1 and the previous resistance level around 1.05 and is currently consolidating sideways below the Monthly/Yearly R1 cluster 1.38-43 which is acting resistance. Trend is bearish though the ascending SMA200 clarifies it as being a retracement in a bullish trend. Bulls like to see a close above the Kijun line (white line) currently...
If price close above the current high chances are good for a continued move higher. Next resistance is the Monthly R2 at 1.2225 and above that the previous support (white line) around 1.2350. On the Monthly timeframe trend has turned neutral as price is advancing inside the Cloud. Upper Cloud resistance on the Monthly is at 1.25. If price returns and close below...
Bitcoin has shifted trend to neutral on daily timeframe and has plunged through the Cloud towards the bottom of it and the lower end of a triangle. Some support has been found, but there is no real bounce to talk about, more of indecision and pause. Currently it has failed to break above the Weekly S1 after the close below it yesterday, and this is not a good...