Ethereum analysis for today is shown on a 6 hour timeframe. A logarithmic scale used in conjunction chart pattern analysis shows the bearish price channel in Ethereum from January 13, 2018 to current date. Price closed below the channel for the first time on November 24, 2018, followed by consolidation, and further sell off in Ethereum. Price action from December...
XRP analysis (Ripple) for today is carried out on the 6 hour timeframe. A bearish trendline is used to help determine the overhead resistance in Ripple coupled with horizontal resistance between ~$0.82 and $0.97. Support is indicated by the green line, with ~$0.25 also used to indicate the level to watch as price closing below $0.25 would present a bearish...
The previous analysis discussing a possible bullish price swing in Bitcoin can be found below. Bitcoin analysis for today takes a look at what is possibly in store for Bitcoin for the rest of the year 2018. A logarithmic scale is used on a Daily time frame shows the price of Bitcoin exiting below a bearish channel on November 24, 2018. Price action is currently...
The Daily timeframe is examined in today’s GBPCHF analysis. Coverage of price action is from October 6, 2016 to current date. Over a year and 7 months of price action in the GBPCHF remained within the bullish channel shown on the chart before the GBPCHF attempted a breakout upwards outside of the channel on April 11, 2018. The failed breakout saw retracement of...
Monero analysis for today is carried out on a 6 hour timeframe. March 5 2018 to current date shows that Monero has maintained its bearish trend inside of a channel. Monero most recently broke below the bottom of the channel temporarily to reach a price low of $37.18 on December 15, 2018 before returning back into the channel. The minimum expectation for the...
July 26, 2018 price action to current date is shown in this VeChain analysis. A bearish trendline helps to put the price of VeChain in perspective against Bitcoin i.e. VETBTC. Price closed above the ~5 months bearish trendline on December 17, 2018 and therefore implies resumption of bullish momentum in VeChain against Bitcoin. A consolidation in price above the...
The 6 hour time frame is presented in this AUDJPY analysis with coverage of 4 months of price action. Bottoming price action that formed between September 7, 2018 and October 28, 2018 is best described as a double bottom chart pattern, which is ideally bullish. The pattern is currently been retraced following its confirmation on November 7, 2018 at ~82.457. A...
The 4 hour time is presented in this analysis covering over 3 months of price action in the EURCHF. The current active bearish trendline is indicated as well as immediate region of support i.e. between 1.12246 and 1.12489. Conservative entry into a long position involves waiting for price action to breach the 4 hour bearish trend line that is confirmed by...
Tesla motors stock analysis (TSLA) for today is presented on a Daily timeframe that shows over 2 years of price action for the automotive and energy company. June 27, 2017 to current date has seen Tesla’s stock price remain range bound between ~$387.70 and $246.55, with price currently trading near the top of the range and closing on Friday, December 14, 2018 at...
The daily timeframe of the GBPUSD is shown in this analysis with chart patterns and price levels indicated that are crucial to monitoring the path of future price movement. Price closed below the bullish trendline in the GBPUSD that has been in place for over 2 years on October 30, 2018 and again on November 27, 2018. Price action breaking the trendline and...
Intraday Bitcoin analysis for today is carried out on the 1 hour timeframe. The current bearish trendline shown on the 1 hour chart helps to provide a perspective for Bitcoin in terms of any chances for a long position. 3929.60 and 3800.90 are price levels used in this analysis to indicate resistance should any bullish momentum develop in Bitcoin. Price closing...
The price chart for Apple Inc. (AAPL) is presented in this analysis on a 6 hour timeframe. Price action on November 20, 2018 closed below the long term bullish trendline in Apple that had been established since June 27, 2016. Support as drawn on the chart for Apple is between 160.62 and 149.93. Price closing below 149.93 indicates trouble ahead for Apple, while...
Over 9 months of price action is shown in this EURJPY analysis on a 6 hour timeframe. A double bottom pattern which is ideally bullish did confirm when price closed above ~130.40 on September 13, 2018. EURJPY price action onwards is captured in this analysis using a bullish channel that is tentative. 127.64 and 126.96 indicate support for the EURJPY so that price...
The Daily tf of the SPX (S&P500) is shown in this chart from May 16, 2018 to Friday close (December 07, 2018). Commentary is provided below in an ascending order based on the numbers marked on the chart: (1) A break below the bullish trendline that lasted over 2 years has seen price action in the SPX meander between 2 converging lines. Chart pattern that best...
The bearish trend in Tron (TRXBTC) that commenced on April 30, 2018 has progressed into a side trend best described in this Tron analysis as a rectangle bottom chart pattern. Ellipses are drawn to indicate pivots used to establish the chart pattern. The rectangle bottom (ideally bullish) has been active for over 3 months now and does suggest the culmination of...
The 1 hour time frame of the EURSGD is shown in this analysis from October 8, 2018 to current date. A bearish trendline is used to highlight the current trend on the 1 hour timeframe, with resistance line (overhead supply) indicated by the red line. Support is currently between 1.55396 and 1.55103. A break below support, especially the 1.55103 price level would...
Today’s Litecoin analysis is carried out on a 1 hour timeframe, with the bottoming price action from November 20, 2018 to date currently shaping up as an inverted head and shoulder (or head and shoulders bottom) pattern. Confirmation of the bottom reversal pattern will occur only after price closes above 37.021 which is used as the neckline of the chart pattern....
The 2 hour timeframe of the USDCAD is presented in this analysis. October 1, 2018 to Friday market close (November 30, 2018) shows price action contained inside of a rising wedge pattern. The above mentioned chart pattern is ideally bearish and therefore calls for caution on the long (buy) side for the USDCAD. Price levels indicated on the chart 1.33559, 1.32521...