InvestingScope

InvestingScope

Our previous target set has been hit: 7,100 and 6,652 (previous 1W EMA50/ EMA100 cross). With yesterday's 1D candle battered down (STOCHRSI = 0.000, Williams = -91.780, CCI = -274.7620) following the breaking of the Rectangle's previous 5H support zone = 7,373.10 - 7,437.20, we now sit on a tight spot again awaiting a break-out confirmation. On 5H the sell...

InvestingScope

Tron continues to slide lower under the selling pressude of the underlying 1D Channel Down (RSI = 42.197, STOCH = 24.242, ADX = 37.549), though on a much slower pace (MACD = -0.004, Highs/Lows = 0, B/BP = -0.0054) than it did on May. Due to the trade above but near the Pivot Point, 4H is neutral on RSI, CCI, Highs/Lows indicating less chances to make a Lower High...

InvestingScope

IOTA is on important crossroads on 4H. Despite our perception of a 4H Channel Down to be formed (RSI = 45.126, MACD = -0.003, Highs/Lows = 0), if 1.7625 breaks, then the price will test the 2.0330 Resistance. If not it will first come across the 1.6223 Support again and then 1.5169 & 1.3417 in succession. So depending on the break-out, we will either TP = 2.000 or 1.3500.

InvestingScope

ADAUSD comlies perfectly to the commanding 1D Channel Down (RSI = 42.754, MACD = -0.015, B/BP = -0.0151) selling pressure. From May 10 until May 31, it's been trading on the lower half of the Channel and now we see it above the PP. This doesn't alter our bearish target (TP 0.1443) as 4H has already started to descend (neutral RSI, ADX, CCI, Highs/Lows to bearish...

InvestingScope

The price is already reversing lower into an emergin 4H Channel Down (RSI = 45.408, Highs/Lows = -0.0014, B/BP = -0.0093) although the process develops more slowly than we expected. The patterns however seem to be replicating themselves on 1D (MACD = -0.014). Since the Resistance on the 0.618 Fibo at 0.31132 is still intact, Lower High should be forming next on 4H...

InvestingScope

As explained on the previous analysis, the price found an excellent cushion level just above the 106.323 1W support and according to the Fibonacci levels of the previous 1D candles, the price should now rise to a Lower High just above the 0.5000 extension (yellow ray at 148.427. It has already started to do so but remains more neutral than expected on 4H (RSI,...

InvestingScope

So far the price is trading according to our plan as a Three Outside Up rejection on the 5H 7,756.3 High is pulling the price down to the Rectangle's (RSI = 52.174, ADX = 19.563, CCI = 16.3127, Highs/Lows = 0) support zone = 7,373.10 - 7,437.20. I do not expect this Rectangle to hold on much longer as the 1D Resistance (MACD = -220.100) should continue pushing...

InvestingScope

We have had to hold the shorts a little longer as the break out was posteponed until yesterday. EOS will now be entering the expected "harmonizing" Channel Down on 4H (ADX = 30.917, RSI = 53.158) as the rejection off the Lower High (as seen on the chart) is similar to the break-down of last February. 1D MACD = -0.061 still points lower and 1H has alread yentered a...

InvestingScope

The price has rebounded just below the first 0.9964 support on the 1W chart and according to the monthly RSI = 47.462, STOCH= 45.454 and Highs/Lows = 0, should rise towards the first Resistance at 1.0591. Our target is 1.0469 where the SL will be moved in profit in order to chase after the Resistance extensions safely.

InvestingScope

As you see on the 1W chart the price bounced off the top of the support set (0.68486) and is rising. This is an excellent long opportunity towards the Resistance zone (0.73970 - 0.75576). We will settle for a TP = 0.73400 and then move the SL on profit to chase after the extensions safely.

InvestingScope

Clear Channel Down on 4H after a 128'22 Lower High. TP 127'07 and 126'40 in extension.

InvestingScope

Today's 7,756.3 session high on a strong Three Outside Up 4H bullish candle (highest volume in a week) restores some Channel Up bias on 4H (RSI = 57.450, Highs/Lows = 85.2339, B/BP = 163.1428). However we can only expect a continuation if the June 3th = 7,777.4 High is broken. The most important test are the two Resistance points: 7,828.80 and 7,923.60 (0.50...

InvestingScope

TP = 0.70894 hit as the bullish break out from the 4H Channel Down was confirmed (RSI = 60.049, MACD = 0.013, B/BP = 0.0187). The price made a first rejection on the obvious 0.70894 Resistance, with two more attempts remaining. A third failed will result in a bearish break out first towards 0.53866 and then 0.46014. However the most likely scenario is to break...

InvestingScope

The price successfully made a Lower High on the 1D Channel Down (MACD = -16.120) and should be now rejected on the critical 609.80 point (RSI = 48.286). If it breaks to the upside then the pattern is nullified and we will look for alternative scenarios. However the most likely outcome is a new bearish 4H Channel (ROC = -2.615, ADX = 37.058) within the 1D Channel...

InvestingScope

After yesterday's rejection a strong Three Inside Up bullish 4H candle pushed the price back over 7,600 again (STOCH = 52.471, CCI = 17.2426). This sideways movement, without an apparent direction for the short term, establishes the new Channel Down on 1D (RSI = 44.393, MACD = -253.100) within the blue dotted lines. If we look for similarities with the 2014/ 2015...

InvestingScope

It is now completely clear that after the price was rejected off the first important 1D Resistance at 7,828.70, the 4H Channel Up broke downwards (Highs/Lows = -135.4875, BBP = -265.8520), due to the significant selling pressure applied by the 1D Channel Down (RSI = 40.435, MACD = -280.400) on the resisting (dotted) trend line. We are shorting now (TP = 7,100),...

InvestingScope

The pair is trading on a medium term 1D Channel Up (RSI = 58.436) on slow pace (MACD = 0.018, Highs/Lows = 0.0216, B/BP = 0.0626) since the 5.9500 bottom. The dotted lines are supports and long entries. Our TP = 6.2500, ext = 6.2800.

InvestingScope

After breaking the 1D Channel Up (Highs/Lows = -12.9821, MACD = -1.170), Corn just bounced off the first important support at 380. We will either see a strong rebound here (long with tight SL, TP = 392.40) or if 379 breaks, it will look for the 372.20 support (TP = 374).