Monero has just broken the 1D Triangle pattern (RSI = 46.663 but Highs/Lows = -0.5639, B/BP = -3.4316, STOCH = 26.172) as it hit the Lower High limit on the 1W Falling Wedge (MACD = -24.635, Highs/Lows = 0.0000, B/BP = -14.6106). We expect now the 1D to gradually develop a Channel Down that will get further downside confirmation on 96.192. We thus remain short on...
Sunday's bullish price action on TRON broke the 1D Triange to the upside (RSI = 62.102, still on neutral MACD, Highs/Lows, B/BP though) and surpassed the Lower High tolerance of the 1W Channel Down. With 1W though bearish/ neutral (RSI = 47.273, MACD = -0.006, B/BP = -0.0065, Williams = -64.978), we have to wait for the 1D Resistance = 0.02820 to break in order to...
IOTA is practically extending the sideways trading within the 1D Triangle (RSI = 52.718), still on Lower Highs, resisted at 0.6500 by the 1W Channel Down (RSI = 40.817, MACD = -0.299, Highs/Lows = -0.0201, B/BP = -0.3135). Besides the obvious scalping within the Triangle, which is a short term trading opportunity, we remain bearish on the long run with TP = 0.3199, 0.1459.
XLMUSD has broken the 4H Triangle (RSI = 50.142, Highs/Lows) that was created after the 0.3050 Top was made and is developing a Channel Down on 1D (STOCH = 32.408, Williams = -69.863, ROC = -3.162). In order to sustain this, we need to test 0.2198 this week and make this a Lower Low. 1W is still on a Lower High sequence, so on the long term we remain bearish on...
LTCUSD is, as most top tier coins, extending the neutral 1D movement (RSI = 50.388, CCI = -8.4536, Highs/Lows = 0.0000) within the Triangle and is near pricing a Lower High on the 1W Channel Down (RSI = 38.860, MACD = -21.113, Highs/Lows = -0.7386, B/BP = -20.3760). If rejected, the Triangle should break below 54.470 towards 49.500 and 42.000. If not then it will...
EOSUSD has extended the sideways trade within the 1D Triangle (ADX = 19.279) and is approaching the important test of the 6.3150 Resistance. The expected 1W downtrend continuation (MACD = -0.850, B/BP = -1.8089) has to be postponed (1 week most likely) until that Resistance is rejected and a Lower High is made on 1W, able to break the Triangle below 5.000 and...
Ripple has broken the previous top Triangle and resumed the commanding 1W downtrend (ADX = 34.310), developing a Channel Down on 1D (Highs/Lows = -0.0209, B/BP = -0.0262), which is now facing the first important support test (0.500 Fibonacci retrace) at 0.4500 - 0.4600. Breaking this level will see a quick test of the 0.618 Fibonacci level (0.41000) before the...
Ethereum has extended neutral trade of the past 15 days within the 1D Ascending Triangle (RSI = 49.722, ADX = 16.549, Highs/Lows = 0.0000) on a very narrow range of 213 - 238. Various patterns are near completion and break-outs are imminent. Although theoretically break-outs can trend both ways, due to the underlying selling pressure on the 1W Channel Down (MACD =...
The 1.1510 1D support was crossed and the previous 1.1510 - 1.1850 neckline of the Inverse Head and Shoulders broke to the downside. An aggressive 1D Channel Down has emerged (STOCHRSI = 14.924, STOCH = 5.811, Williams = -94.398) which is aiming at the 1W support = 1.1300. Our TP remains 1.1450 and the upside is limited to 1.1590.
The 1D Channel Up (RSI = 60.149, MACD = 1.470, B/BP = 0.7520) has pulled back to price a Higher Low near 73.00 and is now on optimal levels (Highs/Lows = 0) to start recovering. Fundamentally we cannot dismiss sideways trading until Thursday's Inventories, but technically the current level should hold and provide a bullish reversal. If it doesn't then the 70.35 -...
A very aggressive 4H Channel Down (oversold RSI = 24.435, Highs/Lows = -199.7643, MACD = -93.500) invalidated the previous attempt to break the 1D Falling Wedge (black dotted lines). DAX should now attempt a test either on the 1D (RSI = 33.688, B/BP = -380.9120) or the 1W (RSI = 40.497) support. The 1D Falling Wedge will be on a Lower Low there and the 1W remains...
The index has completed a pull back on the long term 1W Channel Up (RSI = 59.796, MACD = 50.200, B/BP = 46.3920) by technically pricing its Higher Low (Highs/Lows = 0) near 2,875. The downside potential is limited. 1D should develop a new bullish leg/ Channel Up to test successively all the Resistance levels (2,910/ 2,930/ 2,947.75). Keep in mind that we have just...
After making a new Lower High on the 1D Channel Down (RSI = 42.763, MACD = -0.240, Highs/Lows = -4.5993, B/BP = -4.9820), XAUUSD is now aiming for a Lower Low just below our first TP = 1,180.50. There are probabilities that the 1D Channel Down will bounce to a new Lower High near 1,204, but with USDCNY testing the 6.9355 1D High and DXY crossing 96.00 again, the...
BTCUSD is still trading within the 6,430 - 6,750 4H range and since Thursday on an even tighter lower support of 6,510. Naturally, the 6,350 - 6,845 1D Rectangle (RSI = 54.347, STOCH = 53.104, ADX = 17.928) remains valid, extending the longest consolidation phase of Bitcoin in 2018. The volume remains low (< 10K). which makes BTC still a solid scalping option, but...
EURPLN has turned from a Head and Shoulders on 1W (neutral STOCH, ADX, CCI, Highs/Lows) to a Rectangle on 1D (ATR = 0.0187). Take sideways scalps within the 4.3400 Resistance and the 4.2655 Support.
Both 69.000 and 66.000 got hit as USDRUB first rose and the pulled back within the 1W Channel Up (RSI = 59.930, MACD = 1.888) to price a Higher Low at 64.900 (Highs/Lows = 0.0380). The next Higher High should be near 74.000, so our long TP is a little lower at 73.000.
TP = 12.700 hit as the price completed the bullish 1D leg within the 1W Rectangle (RSI = 49.145, Highs/Lows = 0, Ultimate Oscillator = 50.485). After hitting the 12.845 Resistance, the pair is expected to move towards the 12.000 support. We are short again with TP = 12.200.
The previous long's TP = 74.670 was hit as the 1W Channel Down (RSI = 42.444, MACD = -0.880, Highs/Lows = -0.00507) rose for a new Lower High. The price is now reversing towards a new Lower Low. Short, TP = 72.000.