USD JPY analysis from September 10, 2017 to current date is carried out on a 4 hour time frame. Analysis and commentary is provided below based on the numbers indicated on the chart. (1) The main trendline (in color red) of the USDJPY starting from January 26, 2016 (not shown here). The only pivot for price that meets with the bearish trendline shown here is...
The 4hr timeframe of the USDCHF is shown in this analysis from ~February 26, 2018 till present date. The June 14 till August 21, 2018 saw the USDCHF form a complex head and shoulders top pattern (ideally bearish). Point of invalidation is when price action closes above the head (H) of the pattern which is ~1.00691. Projection of the termination point of the...
Previous analysis calling for a short (sell) trade entry for Cardano can be found in the link provided below. Cardano (ADABTC) and its current bearish trend is explored in this analysis on the 4 hr time frame using one of the best tools for market analysis…trendline. Numbers marked on the chart are discussed in the commentary below: (1) Bearish trendline on the...
Previous post for Cardano (ADABTC) based on its 4hr timeframe made mention of the bullish channel in Cardano (ADABTC) that captured the meandering price action from July 2, 2018. The 1 hour timeframe of Cardano (ADABTC) is shown in this analysis as opposed to the 4hr in the previous analysis in order to get a better view of price action and the channel. The...
The numbers marked on the chart for 4 hour timeframe of Bitcoin (BTCUSD) are discussed in the commentary below. (1) Current (active) bullish price channel in Bitcoin ever since August 14, 2018. The channel also incorporates part of the head (H) and right shoulder (RS) of an inverted head and shoulders (or head and shoulders bottom) formation as indicated on the...
The Daily timeframe of Litecoin (LTCUSD) as shown in this analysis captures price from January 6, 2018 to present date as operating inside of a falling diagonal (wedge) chart pattern i.e. #1 as indicated on the chart. The latest test and confirmation of the falling wedge occurred on August 14, 2018 at ~$49.14. Any bullish trade inside of the wedge is considered...
Commentary on Ethereum Classic (ETCUSD) is provided below based on the numbers indicated on the 1 hour timeframe chart. (1) Bearish trendline in Ethereum Classic (ETCUSD). ~$19.56 is the price level identified in this analysis that needs to be monitored for a breakout to the upside for very conservative entry long (buy) positions. (2) Current bullish price...
Previous post explored the different 1 hour timeframe chart patterns in Ripple (XRP) and what their possible implications. The current post does the same except that a 4 hour timeframe is presented. The meandering price action in Ripple (XRP) is captured from January 28, 2018 to present date with a falling wedge (diagonal), which is ideally bullish. Price level...
The previous analysis of BTCUSD identified the bullish price channel that resulted from the head and shoulders bottom pattern. Besides, the bottom of the channel coinciding with support between ~$7,554.80 and $7,296.60 was identified as the next likely target for BTCUSD after it reached the top of the bullish price channel at ~$8,260. BTCUSD as updated in this...
The 4 hour timeframe of the EURAUD is shown in this analysis with price action from March 28, 2018 till present date. The EURAUD between June 25, 2018 and July 30, 2018 did complete a complex head and shoulder top pattern that confirmed at ~1.57239. The other valid chart pattern that is present in the region discussed above is a Triple top that also confirmed...
Commentary is provided below in an ascending order based on the numbers indicated on the Daily timeframe of Ethereum (ETHUSD). (1) Price action from January 27, 2018 till current date is captured in this analysis using a falling wedge (diagonal), which is currently still active and has broken through support regions mentioned in the previous post on Ethereum....
Annotations of the 1 hour timeframe (tf) of the USDJPY are presented in this analysis and commentary is provided below based on the numbers marked on the chart. (1) The main bullish trendline on the 1 hour tf that is established by connecting the price low on March 23, 2018 (not shown here) and price low on August 09, 2018. A breach of the bullish trendline would...
The 1 hour timeframe of Ethereum (ETHUSD) is shown in this analysis from June 29, 2018 till present date with chart annotations. Price action on July 31, 2018 breached the neckline of a complex, head and shoulder top formation, which is ideally a bearish pattern. Movement of price action below ~$438.97 confirmed the chart pattern and the pivot of the symmetric...
The 4 hour timeframe chart of Monero (XMRBTC) is shown in this analysis with commentary provided below based on the numbers marked on the chart. (1) Price action in Monero from April 20, 2018 to April 26, 2018 formed the right shoulder (rs) of a head and shoulder top pattern in Monero, which progressed into the bearish channel. The bear channel has contained...
Numbers indicated on the chart point to important areas to watch in Ethereum. These are discussed below in an ascending order: (1) ~$512.82 would see Ethereum (ETHUSD) establish a range that would potentially a rectangle bottom chart pattern should price successfully close above the current 4 hour bearish trendline. A break above the trendline implies a possible...
An update to the previous post on Ethereum classic is given below with commentary provided based on the numbers marked on the chart. (1) Bullish price channel (also shown in the previous post) in pink dotted lines had a false breakout to the downside on July 24, 2018 with price returning back inside the channel. A second attempt at breaking the channel to the...
The 4 hour timeframe of Bitcoin (BTCUSD) is shown in this analysis and commentary is provided below based on the numbers marked on the chart in an ascending order. (1) Bitcoin bullish price channel that arose from a Head and shoulders bottom (inverted Head and shoulders) pattern that confirmed after price close above ~$6,869.60. The implication of the Head and...
The 1 hour timeframe of Bitcoin Cash (BCHUSD) is labeled in this analysis with price swing from June 28, 2018 to July 18, 2018 identified as a regular flat (3 wave) Elliott wave structure. This is currently followed by further correction as labeled on the chart, which implies a higher price for Bitcoin Cash (BCHUSD). Correction that originated from July 18, 2018...