Lean Hogs (HE1!) are on a 1D Channel Up (MACD = 2.610, Highs/Lows = 4.5150, B/BP = 9.0280) but highly overbought (RSI = 72.148, STOCHRSI = 96.420) hence in need of a technically pull back. Based on the recurring patterns this will come in the form of a consolidation/ slow down and not a standard pull back. The next Higher High and TP is projected at 70.000.
Feeder Cattle (GF1!) is trading within a long term 1W Channel Up (RSI = 63.368, B/BP = 10.8420) on a very stable pace setup (MACD = 2.490, Highs/Lows = 3.4700) that allows us for a better pattern recognition. If those recurrences are valid, the GF should seek a Higher Low near 155.000 before making a Higher High near 164.000 (target).
Live Cattle (LE1!) is trading within a long term 1W Channel Up (RSI = 60.152, ADX = 29.000, Highs/Lows = 7.0679, B/BP = 14.6880) that has recently made a Higher High with an obvious Resistance zone at 114.00 - 114.325. Being on overbought STOCHRSI, Williams and CCI, a pull back to a Higher Low (~110.000) is required to sustain a healthy uptrend, which should most...
OMGUSD is following the projected 1D Rectangle pattern (RSI = 46.113, ADX = 10.117, Williams = -53.227, CCI = -22.3854, Highs/Lows = 0.0000) trading sideways within 2.9725 - 3.8810. The pattern however has approached its completion point as it meets with the Lower High limit of the 1W Channel Down (MACD = -2.151, Highs/Lows = -1.0226, B/BP = -3.146). A downside...
With the previous Rectangle long broken, 1D has now created the expected Channel Down (RSI = 54.062, Williams = -64.262, CCI = -57.9703, B/BP = -0.0005) with clear Lower Highs and a Lower Low so far at 0.0050. As long as 0.0064 holds, 1D will continue to push lower, based on previously recurring patterns on 1W that can be seen if you zoom out. The supports are...
The 1D Triangle was crossed to the upside but BNBUSD was again rejected near the 10.6630 0.618 Fibonacci which now acts as a Resistance on 1D (RSI = 51.257, STOCH = 54.064, Highs/Lows = 0). This has made an ideal technical Lower High on the 1W Channel Down (MACD = -0.245, Highs/Lows = -0.3186, B/BP = -1.9013) but is the last chance to break into a new Lower Low....
The Falling Wedge bands on XEMUSD have been slightly broken upwards on a 1D spike that reached 0.1166 but was quickly sold back to even lower that yesterday's levels. This level (0.1166) is also a 0.786 Fibonacci retrace, and probably the reason for the strong selling. There are two bearish possibilities created form this event: the more slow paced 1D Channel Down...
The price has been successfully contained below the 0.500 (12.200) Fibonacci level of the previous 14.285 (Lower) High, and as the 4H Rectangle is breaking lower (STOCH = 48.437, Highs/Lows = -0.1522), a new Channel Down is emerging on 1D (MACD = -0.229, B/BP = -0.2809). We remain short on ETCUSD and this should be the trail to hit our TP = 9.505.
DASHUSD is now on a declining trend after the 1D Triangle broke to the downside (RSI = 41.537, Highs/Lows = -10.4417, B/BP = -17.2901) and a Channel Down is emerging. This should be pressured even lower by the commanding 1W Channel Down (MACD = -78.100, B/BP = -57.9640). We are still anticipating a 166.68 support test and remain bearish with TP = 126.5509 (1D...
NEOUSD is still under the relative neutral bias of the 1D Triangle (ADX = 12.107, Ultimate Oscillator = 49.858). This is however approaching the Lower High resisting line of the 1W Channel Down (RSI = 37.006, MACD = -11.677, Highs/Lows = -3.5196, B/BP = -13.7590). We expect a bearish rejection on that point and a new Channel Down to emerge, so we remain short with...
Monero remains neutral on the short term, balanced between the 1D Triangle (neutral RSI = 49.559, CCI = -49.0229, Highs/Lows = 0.0000) and the 1W Falling Wedge (MACD = -24.189, B/BP = -13.0206). Technically until either the 143.282 Resistance or the 96.192 Support break, the trend will remain neutral. However we are still more likely to see Lower Lows based on the...
TRXUSD has remained flat since the last update, on three straight flat 1D candles that are trading sideways within a strong Triangle pattern (RSI = 50.876, Williams = -54.910, CCi = 21.2477, Highs/Lows = 0.0000). Despite this neutral short term momentum, 1W remains a Channel Down (MACD = -0.006, Highs/Lows = -0.0018, B/BP = -0.0140) close to its Lower High limit....
IOTA is still on Lower Highs within the 1W Channel Down (MACD = -0.294, Highs/Lows = -0.0836, B/BP = -0.04041) but still supported above 0.4978, which has created a strong 1D Triangle (neutral RSi, ADX, CCI, Highs/Lows). This is approaching its completion and we are expecting a break-out to the downside soon, so we are keeping our short positioning (TP = 0.3199, 0.1459).
Stellar is consolidating within a 4H Triangle (RSI = 50.704, ADX = 18.250, Williams = -54.760, CCI = -36.8849, Highs/Lows = 0.0000) having settled around the 0.500 Fibonacci retracement level after the 0.2263 low. At the moment the momentum is neutral on 1D also (Williams = -45.261, Highs/Lows = 0) and 0.2380 has to be crossed in order to break the Triangle. Based...
Litecoin moved towards a new Lower High on the 1W Channel Down (RSI = 39.120, MACD = -20.406, Highs/Lows = -0.7029, B/BP = -18.8380) delaying the expected decline on 1D. After 4 straight 1D bearish candles, the recent minor bullish momentum on 1D (MACD = 0.882) is expected to shift but 54.270 needs to break, otherwise it will stay just neutral and may break the...
EOS is neutral on a short term basis trading inside a 1D Triangle (RSI = 50.714, ADX = 24.047, Williams = -47.042, CCI = 15.1982, Highs/Lows = 0.00) that is approaching its exhaustion point. With 4H also neutral (RSI = 47.669, Highs/Lows = 0.00) but on a more bearish slope, the 1W Lower High at 6.31 should stay intact, maintaining the long term bearish trend....
Ripple recovered from the quick sell off near 0.4300 but by making a double top at 0.62300 is has created an Ascending Triangle on 4H (RSI = 50.798, MACD = 0.006, ADX = 24.351) that on the next 0.62300 test will reach the depletion point. We expect this to be the top and the technical Lower High on the emerging 1D Channel Down (STOCHRSI = 37.946, Highs/Lows = 0)....
The momentum has shifted sideways on Ethereum as an Ascending Triangle on 1D (RSI = 48.354, STOCH = 54.832, ADX = 19.004, CCI = 33.4064, Highs/Lows = 0.000) has taken over on the short term from the long term bearish 1W bearish Channel (still MACD = -99.410, Highs/Lows = -69.8253, B/BP = -170.5020). This can trade sideways within 230 - 250 for another week before...