The sell off caused that NEO broke the lower limit of the ascending trend channel. But it could regain very fast and is now back in the long term positive trend!
After the massive sell off on february 05 - 06 Zcash crossed the indicated descending trend channel from bottom to top. But it hasn´t had enough momentum to break the upper limit. So this trend channel is still active! Also the existing swing trend line is a resistance for Zcash. buy: oubreak out of the trend channel to the top. first aim is fib retracement at...
Gold is in good condition. The price is within the green ascending trend channel, above fib retracement (78.6%) and below the long descending trend line (coming from 2013). It´ll be not easy to break this resistance, causing a new uptrend. Next resistance is already at 1.375$ (fib retracement 100). As long as Gold stays within the channel, the trend is...
buy: above the dotted line (green arrow) the line connects three peaks of the past week stop: below the dotted line (red arrow) the line connects four valleys of the past week The index is above the long descending trend line (dashed line) RSI and MACD without strong signals = neutral With stocks and cryptos going down a switch of investments in metals and...
BTC - investors fight at support level 10.000$ - which is important for the short term future. If the bears win the price could drop at least on 9.140$ (fib retracement 1 new / 23.6% old) or lower to the next swing trade lines (orange). In this case BTC would have broken the long term asending trend channel to the bottom. In the case the bulls win the fight BTC...
NEO is one of the last coins which is still in a long ascendig trend channel. But now it has reached the lower limit of this trend channel and it surely will test it. If it breaks through and remains out of the channel for at least two days I consider the trend to be broken. On the other hand indicators are low and a change in direction is possible. MACD for...
BCH has fallen within the negative trend channel (adjusted) and broke through resistances without any loss of dynamic. The last one has been the fib retracement at 100% (last minimum valley). But it has stopped at leas at a swing trend line (1.056$) and tested it twice. If it breaks through to the bottom next resistance will be at 890$ and furtheron at 630$. On...
I know the arguments of the pro´s and the contra´s to BTG vs BTC. This is only a technical analysis - not more. BTG had an optimum at 478$ in november 2017 and has fallen since then; with a lot of volatility as one can see in the chart. So, the negative impetus is heavier then all trials to climb to higher prices. And actually it is heading to the price which has...
XRP has surely left the negative trend channel. This is a first sign of a possible new trend. To confirm it, XRP has to break the resistance at 78.6% (1.369$). Meanwhile it is in an ascending triangle - on the lower line. It shouldn`t fall under this line; this would show weakness. Next support is a swing line from december 2017 at 1.18$. If resistance would be...
ZEC is more correlated to BTC than to ETH; and BTC is weak. The trials to break through resistance at fib retracement failed and the price fell back. It´s now on the way to the lower limit of the descending triangle. As ZEC is weak we have to pay attention to this line! If ZEC bounces back then we have new chances to test the upper limit of the triangle. But if...
Litecoin has a strong correlation to BTC, what is not very surprising. But in difference to BTC the crash hasn´t be so extreme. And the spread between BTC and LTC is still growing. Nevertheless, every time when BTC is falling, LTC is doing as well - and vice versa. Since january 06 LTC is within a negative trend channel which has been broken only once during...
The european Index, DJ Euro Stoxx 50, representing the biggest 50 enterprises (marketcapitalisation) in Europe, has crossed the upper limit of the very long symmetrical triangle. The fundamental data from EU-Zone and Europe are positive; only the EURO could be an obstacle because it had gained force in comparison with the US-Dollar. But this should change during...
Yes, I thought the drawdown of the prices would be at an end - and I was wrong with this. I read, that the dump could continue till january 26, because that´s the day of the chinese festival. And after the 26th we shall see rising prices. Ok, we´ll see. At the moment BTC is in bearish patterns and is still weak. A) descending trend channel (red) B) descending...
Compared to BTC the price of ETH is much less volatile. (blue line) Nevertheless, ETH is also heading to the very long ascending trend line (pointed) and should not break it. This would either be a bad signal. On the other hand ETH is still in a positive trend channel (green) and this is a good sign. The price shouldn´t break the lower limit of this channel and...
Comparing the actual prices and those of the past I considered to draw a new trend channel which can give an idea for the movements in the past several days. The price of ZEC moved within the limits 563$ - 417$. In january 06 the price broke up and normally the trend is broken with such a movement. But with the crash in cryptos the price fell and stabilized in...
see chart pattern - all is described within I don´t expect a real correction in prices; perhaps some little dips only. What is more probable is that Silver could go sideways, but stays above the long descending line coming from 2011. next aim should be 18.24$ - the upper limit of the trend channel (red) we need momentum to break through its upper limit and to...
Will Gold have enough momentum to break through the upper limit of the ascending triangle? It is still in motive wave 2 of EW and above support level fib retracement 78.6%. It can even fall on 1.321$ without coming in danger. Possibly it moves sideways and regains momentum. Buy: after breaking the upper limit of triangle with next aim 1376$ (fib retracement...
The dow jones index has reached the fib retracement 161.8% what is the new ATH. In my forecast I had expected it much later in this year (autumn 2018). And I had expected it would be the end-point of the fifth motive wave. With this momentum in the market (see indicators) it is possible that the dji will surpass the fib retracement and climb to higher highs....