Since june 2019 the XRP - token has been in a decline.
As seen, this happened within several steps.
Three steps down, then one long step to the side and up.
As confiance is coming back into the sector of cryptocurrencies the chances are given, that XRP not only will do the same movement as last time, but also will break the...
XRP has broken out the channel, which I declared to be the accumulation zone. But the rush rally ended quickly and the following correction led XRP even below the very important support, which is still the mentioned accumulation zone.
And even it broke out to the bottom of the descending parallel channel - very serious!
Luckily the Ripple turned on the bad level...
The price of Silver (in USD) has left the ascending channel, tested the next fib retracements (one coming from dec 2015 in blue, the other recent from may 2019 in violet). This level has been and is still a strong resistance and we´ll see if the bulls will have enough strength to break through.
After Silver has re-entered...
After having ended a long bullrun, Gold has made a short correction.
It has just reached the lower limit of an ascending parallel channel and also a longer ascending trend line (dotted).
On dayli basis it´s seemingly weak (RSI and MACD clearly in negative terrain and no triggering).
But on hourly basis one could assume, that Gold has already changed...
Germany has already lost its industrial strength. This is due to a catastrophic energy policy and a prolongued Euro-crisis, which lays mostly on the shoulders of the germans. As Germany is dependant of its exports the industrial basis is vital for its future. And the politicians are playing with this future as if it were a sandbox.
But it isn´t and the signs are...
The XRP price has fallen from 3,40$ to actually 0,25$ (approx). Has time come to get back into Ripple?
I think so.
We´ve reached the level that existed before the hype began.
And seemingly this level is strong enough to stop further losses.
There are lots of arguments speaking against Ripple laboratories and its XRP or...
The Index has reached the destination zone - end of wave 5 is possible on this level.
DAX is near the support (fib retracement 78,6%) if this can´t hold , the index risks to fall on the lower limit of the parallel trend channel (short red arrow). This corresponds with the actual trends of the identicators RSI and MACD, which also tend downwards.
Dear followers, I´ve made an interesting analysis just for information.
In the last 3 1/2 years one can see three negative divergences (marked with red rectangles). They´ve been significant and even in a longer time-period I couldn´t find a contradictionary example. So, if RSI and MACD are falling back, while the Goldprice (in USD) rises, the reaction has been...
XRP made a harmful correction move from june 26 to july 02. This move has been absolutely parallel to that of BTC or ETH.
But even if there are some correlations between those coins, there are on the other hand big differences.
Ripple did a fast rally to the top of a new corridor - which I could draw, when XRP made a second attempt to break the top line.
For explanation of my idea, see also my last analysis of Bitcoin. The correlation between the two coins (tokens) are very high actually.
ETH within parallel trend channel - on the lower limit
swinging around fib retracements - taken from last rally and shifting it to the ending point of correction
RSI has been in negative trend since may 16 - but ETH...
The last correction hasn´t been surprising.
Comparing the trend of RSI with the trend of BTC we can consider a negative divergence. At the end only two possibilities remain:
whether RSI has to make a jump up or BTC has to drop
In this situation taking some benefits isn´t a bad idea.
I think BTC has dropped to close this divergence and is now neutral to RSI.
61% - this has been the difference before the last short rally has begun and its high.
25% - has been the loss in the following. 32% - the next rally, 19% the next losses.
The amplitude is getting tighter.
Taking a fib retracement from the first rally (may 10 to may 16) and shifting it to the end of the correction (may 17) one can clearly assert, that the turning...
Exciting times, will BTC break out of the trend channel to climb to new highs - or will it rebound on the upper limit and fall back into the channel?
Actually the signals are bullish. RSI in bullish terrain, almost overbought. MACD had triggered signal line 2 days ago. And BTC about to leave the trend channel to reach new highs.
To be honest, I `ve been...
For sure, when Gold broke the ascending trend line (jan - today) and the support couldn´t stop the price, I thought Gold would be falling deeper.
But now one can analyse these last movements as false breakouts to the bottom (bear trap).
Instead of continuing the drop, the Goldprice turned and has begun to rise.
The support (rectangle) has been tested several...
Since june 2008 the Euro has losen its strength vs USD. Till may 2014 it has formed the pattern "3 descending peaks" with the following deep fall to the lower limit of the big parallel channel (red), after it had broken the neckline.
The next recovering had been very weak and didn´t reach the upper limit of the mentioned channel.
Since january 2018 the Euro has...
SP500 reached an important zone. Whether it breaks through the resistance (old ATH at 2939) and with this causing that my EW-theory is false - or it rebounds within the red zone and enters the new corrective wave C.
Fundamentally the US-american economy seems to be strong enough, but on the other hand one has to expect a tightening money policy. Much of the...
After having passed 12.000 points, the german DAX (with dividends) is now approaching the next resistance at ~ 12.530 points, a fib retracement 78.6%.
In this area one can expect a correction - entering wave 4, after the final rise to wave 5, which shall have a maximum lower than the older ATH.
If my analysis is right, consisting out of fib retracement + EW-Waves,...