InvestingScope

The price reversed the previous bullish sentiment on 1D and is currently neutral (RSI = 48.853, ADX = 28.377, Highs/Lows = 0.0000). The next long term direction should come after a lower test of (at least) the 0.500 Fibonacci retracement level. With 4H already on Lower Highs (Highs/Lows = -0.0750, B/BP = -1.5520) we have a TP = 8.637. ** If you like our...

It is no secret that Palladium is one of the biggest winner of the last 3 years. It's long term chart shows that there is even great upside potential. During 1996 - 2001 Palladium made a +879% rise before it consolidated for more than a decade. Palladium investors eye a similar pattern. The strongest reason behind this is the Palladium-to-Gold ratio. In 2000/2001...

The index is trading within a 1D Channel Up that is currently on its Higher Low zone (RSI = 53.748, MACD = 22.840, Highs/Lows = 0.0000). The fundamental environment may be largely negative buy purely from a technical standpoint, the 2,780 - 2,790 is an optimal long opportunity. TP = 2,849. ** If you like our free content follow our profile...

Oil has been trading within a 1D Channel Up (RSI @ 56.792, MACD @ 1.060, Highs/Lows @ 0.0000). It is currently on the inner support zone and may rebound although the technical Higher Low extension is seen lower. As seen on the chart it has been repeating a very specific pattern where a 4H Channel Up is followed by a longer but less aggressive pull back. The price...

The current candle sequence since February 6th is the longest in this bear market. Since the All Time Highs Bitcoin's strongest bullish sequence (Higher Lows) was 40 days in April/ May. The current sequence is 45 days and counting. This is also evident on key technical indicators: RSI: Current bullish streak above 40.000 = 45 days (longest since ATH). CCI:...

LTCUSD is on a strong 1W uptrend (RSI = 55.721, Highs/Lows = 12.2386) following December's bottom. The RSI is still far from its Resistance zone (70 - 74) and the current 1W bullish leg has the potential to reach +796% from the bottom before it consolidates. We expect a figure around 120 by the end of June. ** If you like our free content follow our profile...

Following the previous analysis on how the Fibonacci Channels and Halvings provide buy signals on Bitcoin, we are extending our perspective by incorporating the Supply cap element. Initially we would like to point out the astonishing similarities of the previous two Halving-to-Peak phases. This phase is more commonly known as the Bull Market. The parabolic...

Following our previous study on how the length of the Bull Cycles can estimate the upcoming Bull Market and set a $100,000 target for Bitcoin, we decided to add the Fibonacci Channels/ Retracement levels and Halving elements for a more complete understanding of the next peak. The Fibonacci Channels suggest that every time the price enters the -0.5 zone, it is a...

Biogen has lost over 30% of its value this month. Looking at the monthly chart, we have concluded that this is a rare investment opportunity as the current price is just above its 1M Support Zone. Historically we see that such an aggressive sell off recently took place in 2015 - 2016 and again the stock managed to recover almost reaching the 390 Resistance...

It is no secret that Palladium is on a strong long term bullish trend, and we have discussed this subject on this comparison with Gold where we estimated a target of 1,367 (see the chart below). XPDUSD has even outperformed this target and is currently on a very interesting development where it can turn parabolic towards 1,800. Even if that doesn't materialize,...

Fundamentally the Fed made clear this week that it is as their outlook doesn't include any hikes for 2019. From a technical perspective we also believe there is a strong possibility to see 3,000 by this summer. We see a similar pattern behavior to those of June/ July 2018, when the index was rejected on the previous Double Top but found the necessary Support to...

This study utilizes the bands on the NMACD indicator with the purpose of determining Bitcoin's price stability. We see that the narrower NMACD gets, the more stable the price of BTCUSD becomes. Also the distance from bottom to top (bull market) gets longer each time. This suggests that Bitcoin does indeed follow the fine parabolic parameters and at some point...

DXY is currently on a Higher Low mark within the 1D Channel Up (RSI = 46.563, ADX = 18.030, MACD = 0.030, Highs/Lows = -0.1686). A rebound is expected from the current level but if that fails, the 1W Channel Up (RSI = 52.527, MACD = 0.430, Highs/Lows = 0.0000) will provide the last support level at 95.80. On a long term basis the Dollar Index remains a buy...

Based on their correlation since 2002 we can say that EURUSD is a leading indicator for Copper. Especially since 2010, they both trade within a 1M Channel Down, with EURUSD however respecting the Lower Highs/ Lower Lows more. So with EURUSD on a long term bearish trend towards the 1.0358 support, we expect 2.000 long term for Copper. Technically Copper's 1M is on...

What we should mostly focus on in this chart is the pattern of Bitcoin's Bull Cycles. Those have started with very sharp bull runs but decrease each time as BTC becomes asymptotic (diminishing returns). As for the Bear Cycles, although they started as sharply as the bull runs, they tend to stabilize and follow an identical structure. Applying the decelerating...

The price is currently near the peak of an overbought 4H Channel Up (RSI = 76.597, STOCHRSI = 99.117) which is the Higher High extension of the 1D Channel Up (RSI = 69.418, MACD = 1.160, Highs/Lows = 1.8686, B/BP = 3.5340). The Higher High zone is inside 60.00 - 60.70 and as soon as it is priced, the 1D Channel Down should pull back to meet the inner (4H) support...

Canopy Growth Corporation is on strong long term bullish price action both on 1W (RSI = 58.856, MACD = 4.873, Highs/Lows = 2.6189) and 1M (RSI = 66.122, MACD = 12.099, Highs/Lows = 7.3414). Since mid 2017 in particular, it has been trading on Higher Lows reaching +1000% in growth. Using the Pitchfork to identify the pressure zone, we estimate that the asset is...

The MA200 is about to cross with the MA20 while the price has crossed the MA20 for the 4th time since the All Time Highs. The previous 3 times all resulted into a new Bottom. Will the MA200/ MA20 cross mark the end of those rejections and the bear market as a result? Similar...