Bitcoin has been trading within a 4H Channel Down (RSI = 40.996, MACD = -23.000, Highs/Lows = -50.6380) since the top made last week. At the moment it has completed its latest Lower Low and is rising for a new Lower High, probably just above the 1H MA50. We are expecting a rejection upon this contact towards 8,050. ** If you like our free content follow...
The pair has been trading within a long term 1W Bearish Megaphone (RSI = 54.429, MACD = 0.000, ADX = 24.402, Highs/Lows = 0.0014) since February making Lower Highs but more importantly wider Lower Lows. We are currently on the Lower High zone and traders who want to sell on the medium and long term can aim at 0.73620 and 0.72700 respectively. On the short term 1D...
The pair is approaching the 0.66520 4H Support on a 4H Ascending Triangle (RSI = 46.715, MACD = 0.001, Highs/Lows = -0.0012). This neutral short term price action is ideal for buying on the Buy Zone (illustrated on the chart) and taking profit on a Higher High. Our projected target is 0.68100. ** If you like our free content follow our profile...
This study is intended to point out some very obvious similarities of Amazon's current trading action with that of the stock's Dot Com crisis period. Our sole purpose is not to spread panic to a stock market that is currently strong and trading on All Time High territory but to keep investors on their toes and make potential buyers check and double check by...
This is a pattern that is technically fairly reliable and has worked in the past on Bitcoin when it made its 2018 bottom right until the April 2019 bullish break out (see below): The condition that is filled so far is the cross over the 8,550 Resistance. In order to complete the pattern a proportional rise (same in range) should follow as the range from the...
The pair is trading within a 1W Channel Down (RSI = 37.641, MACD = 0.014, Highs/Lows = -0.0048) since the end of March 2019. The pattern has provided clear Lower Highs (to short) and Lower Lows (to long). At the moment the price is rebounding off a Lower Low on a bullish 1D RSI sequence. Last time this 1D sequence took place within the Channel Down was in May and...
The pair is trading near the 7.85000 1M Resistance which has been rejecting every upside break out attempt since April 2018. The RSI on 1D, 1W, 1M is surprisingly stable around 55.000 and last time that pattern formed on 1D a strong selling sequence followed. We are bearish on USDHKD aiming primarily at the 7.81700 1D Support. ** If you like our free content...
AAPL is a step closer this week to its $233.47 All Time High. The market is skeptical, investors proceed with caution on this Resistance especially since the 1W RSI is just above the 70.000 barrier, but should they? History shows that every time the 1W (weekly) RSI of Apple Inc breaks 70.000 after after a specific sequence and following a Higher Low on the long...
Despite Organigram Holdings Inc continuous 5 month sell-off, the stock has reached a point where there are 3 strong technical factors supporting the idea that a strong bounce may emerge. 1. The price hit the 4.15 1M Support which is holding since December 2018. 2. The price has almost made contact with the 1W MA200. 3. The RSI on the 1W chart is past 30.00, a...
In our search for solid long term investments in the coming years we have decided to share our long term outlook on Platinum. Technically it recently broke above a 3 year Falling Wedge turning bullish on the monthly chart an effect that has since receded as it pulled back on the 1,000 mark (RSI = 50.285, MACD = -8.660, ADX = 25.926, Highs/Lows = 11.4571). If the...
The pair has been trading within a Bullish Megaphone pattern for the most part of the year with 1D currently on the first stages of a Channel Up (RSI = 55.720, MACD = 0.0000, Highs/Lows = 0.0020). Having made a Higher Low last month it is still on respectable buy levels until it reaches 1.66000 (roughly +4.50% from the Low) or the 1D RSI hits 73.50. ** If you...
The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098). At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if...
We have been focusing a lot on Oil's short term price fluctuations under a highly unstable environment. This High Volatility may be simply technically caused by the commodity's long term cycles, phases that tend to repeat over time. As you see on the chart the price is currently within a long term consolidation phase, similarly to what it did from mid 2011 to mid...
EURGBP is on a strong medium term rebound on 1D (RSI = 58.292, Highs/Lows = 0.0073) after the rebound on the 0.87900 Support. Based however on the pressure points provided by the symmetrical pattern emerging (same rejection on the 1M Resistance as on August 2017, MA50 reversing, MA200 supporting), the price may be rejected once it makes contact with the 1D MA50...
The pair has been trading within a long term 1M Channel Down (RSI = 37.426, MACD = -0.018, Highs/Lows = -0.0198) that only recently made a Lower Low and is rebounding on the 3rd straight green 1W candle. Based on the duration and decline of the previous Lower Highs, we are expecting the next Lower High to be towards 0.91000, where it will make contact with the...
Bitcoin had a positive session yesterday, during which it made a new Lower High within the 1D Channel Down (RSI = 34.634, MACD = -439.400, Highs/Lows = 0.0000). It appears to be reversing now, keeping the Channel Down intact with a potential downside target (and Lower Low) at 7,500. However based on the RSI sequence, a new inner pattern may be emerging and that...
The pair has been trading within a 1M Channel Down (RSI = 40.510, MACD = -0.011, Highs/Lows = -0.0132) since the start of the year. Recently is has been following a previous pattern within the Channel Down that calls for a bearish extension. We are taking this sell opportunity to aim near the 1.4810 Support. Attention is required and readiness for an early exit as...
The pair has been trading within a 1W descending channel for most of the year (RSI = 40.168, MACD = -0.690, Highs/Lows = -0.5054) and last week rebounded on the 106.885 1D Support. This is a potential Double Bottom formation and we are taking this buy opportunity to aim at the nearest 1D gap at 108.500. ** If you like our free content follow our profile...