A careful look on Nasdaq's historical volatility shows that the current downtrend that the index is going through since October is not uncommon during the current long term bull cycle. Since 2008 recession and the start of the new bullish cycle, the index has undergone three similar downtrend sequences of around roughly -18% each (along with a few other minor...
The price is being trading inside a 4H Channel Down (Highs/Lows = -0.0010, B/BP = -0.0014, RSI = 45.330) that has just posted a Lower High at 1.1384. We have a clear Resistance at 1.1500 and a support at 1.1300, which is where the price is trading towards. Since 1D remains on Lower Highs (MACD = -0.003, B/BP = -0.0011) even though it has marginally broken the...
Following our latest analysis () on how Oil would make a near 50.00 bottom in the coming weeks, we now turn our attention on the potential levels to watch. Our estimate based on the similarities between the January 2009 and February 2016 sequences we have calculated a strong 3 year consolidation (November 2016 - December 2021) roughly within $50 and $73. Our...
The price has been trading within a 1D Channel Down (MACD = -610.000, Highs/Lows = -810.9370, BBP = -1440.5580) since the massive selling started at 6,300. With the RSI oversold (16.394), the Lower Lows appear to be following a specific pattern. Assuming this will repeat the sequence, the next target is around 2,800. This comes to confirm the estimated bottom...
The first TP = 2.6561 has been hit and OMG is even near reaching our final 1.4942 target, which seemed impossible some months back. Needless to say the price broke the previous Rectangle and re-entered the 1W Channel Down (RSI = 32.200, MACD = -2.084, Highs/Lows = -1.0815, B/BP = -2.6173) which can extend for a Lower Low as low as 0.7727 (monthly SMA200). Once our...
TP = 0.003170 and 0.002000 hit. The 1D Channel Down since October 15, declined on a very controlled pace (MACD = -0.001, Highs/Lows = -0.005, B/BP = -0.0014) despite printing oversold levels on RSI = 19.061 and ADX = 80.269. DOGE has now one last sell sequence left near the 0.001294 November 22, 2017 low (also between monthly EMA100 and SMA50, 0.001117 -...
Both our mid level TP set: 8.8857, 8.2522 and long term TP = 7.5154 have been achieved as the 1W Channel Down (RSI = 34.264, MACD = -1.053, Highs/Lows = -3.1643, B/BP = -5.2961), delivered another -45.50% bearish leg. Although that is not near the Lower Low limit (3.500 - 4.000), it indicates that the decline for BNB may be over. Our SOER strategy on BNBUSD has...
The 0.0777 Lower Low was made but still the 0.060 mark was defended from last week's sharp sell off. Regardless of this resilience, the 1W Channel Down (RSI = 35.284, MACD = -0.076, Highs/Lows = -0.0092) is still in need of a new Lower Low and that is why we still have one TP left at 0.060. This point will complete our long term shorting sequence on XEMUSD (unless...
All three 8.500, 8.000 and 7.700 targets have been accomplished after the violent push lower on 1D (RSI = 13.637) that even broke the 1W Falling Wedge formation (STOCHRSI= 0.000, Williams = -95.695). The price reached levels that we haven't seen since May 2017. Right now the monthly SMA100 calls for 3.4325 where MACD = 0.853 may support. Our long term shorting...
TP = 126.55095 & 100.21 in extension have been hit as the 1W Channel Down (RSI = 32.823, MACD = -79.360, Highs/Lows = -47.2926, B/BP = -89.0185) eventually broke Augusts 127.00 bottom and is now making an attempt for 69.914 (the monthly SMA100 is 70.58). We believe that the demand zone is located between 20.000 - 70.000. We are near the end of our multi-month...
The coin eventually broke the 13.55 1W Support hitting that medium term target and is now close to our 8.78. 1W eventually developed a Channel Down (RSI = 31.809, MACD = -12.044, Highs/Lows = -6.4159, B/BP = -12.9319), which despite being oversold can even extend to a 3.80 Lower Low as part of the bearish cycle completion. We will update near the end of the year...
TP = 75.792 hit as the price broke the previous 1W support aggressively (STOCHRSI = 0.000, Williams = -96.586, CCI = -263.5802). 1W indicates the MA200 = 62.982 as the buy spot but technically we put the demand zone within 54.850 - 64.104, just a plain range around the the 1M MA50 = 57.483. Our next and final TP for Monero's bear cycle is still 64.104, which will...
The first TP = 1,203.20 as the price made a low near 1,196. After that the Lower High scenario within the 4H Channel Down eventually prevailed, restoring the 1D chart to neutral bias (RSI = 51.209, STOCH = 53.842, Highs/Lows = 0.0000). This indicates that the two month Channel Up will be put to test once again as the 4H Channel Down after making a new Lower High...
The price is trading within a 1D Channel Up that is now on Higher Low level (RSI = 49.861, MACD = 0.107, Highs/Lows =-0.0169). Since every Higher High is -50% the value of the previous one, then the next TP should be near 23.22625.
The index has developed a Triangle on 1D (RSI = 45.946, CCI = -19.2621, Highs/Lows = 0.0000) following last week's decline near 2,670. On the positive side the 0.618 Fibonacci level (2,684.75) was only broken that one time on 1D and has since held support. If that level stays intact then the Triangle has more chances to break higher with 2,767 as the first...
The 1D Channel Down eventually made a Lower High (RSI = 49.851, MACD = -0.004, Highs/Lows = 0.0000) a little higher than the projected 1.1400 0.618 Fibonacci retracement. This is a good short opportunity nonetheless for at least 1.11515 Lower Low based on the previous Lower Low sequence (blue dashed line). Our new long term targets are 1.11765 and 1.11085 in...
The recent sharp decline on oil prices has got many investors thinking if this was a long term sell signal or a pull back on the monthly chart before another long term rally. If we compare Oil's trading behavior since its January 2009 bottom with the candle pattern since the February 2016 bottom, we see at first glance a lot of similarities between the two...
The price is trading within a 1D Channel Up (RSI = 56.303, MACD = 0.018, B/BP = 0.0098) and is near completing its Higher Low (Highs/Lows = 0.0000). The next Higher High extension should be near 4.18138. Long with TP = 4.16950.