Luettis

Luettis

The DAX has been weak in the last weeks. If the index is about to fall on the support at about 11.800 points we could have a S-H-S formation, with the neckline at this level. If the DAX would break through this neckline it could open a plummet to 10.060 Points. In fib retracements: the left shoulder started on 61.8%, the head was the last ATH (so 100%), the right...

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The german index has left some of its strength in the past days. The recover from 11800 has not led to higher prices. The index is actually within a bearish symmetrical triangle. It´s bearish because the last high was lower than the high before - and so on. Meanwhile the Relative Strength Indicator (RSI) has had a negative trend since may 2017! - with one...

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I think NEO has seen its lowest low at 27,41$ on June 28. This point has marked the end of the long downtrend. Since then NEO has entered a consolidation phase with a primarily sideways movement. The fib retracement 0 - coming from the beginning of the rally in 2017 - serves as actual support. The price should not fall far beyond, otherwise the consolidation...

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I ´ve had the hope that ETH would follow BTC with some delay. But instead of rising prices we´ve got falling prices. There are no new fundamental data (nothing really serious) which could explain the new fall of ETH. SEC didn´t register the BTC - ETF from Winklevoss, but this is no reason for ETH to get weaker. On the contrary, ETH could have profited from the...

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From ATH at 3,28$ to 0,43$ Ripple has lost 87% from its value. And the actual price is the lowest since the ATH in january 2018. But the question is, have we reached the end of the negative trend, are we seeing the turning point? The first correction had been very quick. This was followed by a second phase which has continued till today (red channel). Within this...

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In one of my previous analysis I described the scenario that IOTA could fall onto a price level at about 0.35$. Most commentators argued, that this would be riddish and prices should be at 5$ or so. It´s not that I do not trust the foundation or the idea behind IOTA. I do only some technical analysis here. I´ve thought that most of the risks have been...

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While Bitcoin is rising to the next highs the other coins and tokens are getting weaker. Why is there such a divergence between those coins? Perhaps BTC has been pumped up and part of the sums flooding in are coming from the Altcoins. But if so we´ll soon see the ending of this rally. Alarming signs: The RSI has done a jump to the top and has reached the limit...

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After the price of Silver has touched three times a falling trend line - parallel to the long term descending trend line - it has had a big dump to very low prices. This has formed a chart pattern named "3 descending peaks" and the vally between the second and the third top serves as neckline. Breaking this line causes bigger losses, as it has done in real. There...

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Instead of breaking up the Goldprice dumped and has broken since the beginning of this negative mokve quite each possible support line. It is now shortly before reaching an important zone: the crossing from the long trend line - which has its beginnin in 2011 !! and secondly a swing trend line coming from 2014 The existing negative trend channel is crossing...

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BCH is at the upper limit of the negative trend channel. With RSI and MACD climbing it could have enough strength to break out of this long trend channel and the forming a new rally. There is still the risk, that it rebounds at the resistance and falls back into the channel - then it could go further till it reaches the lower limit of the trend channel. Or it...

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The Euro has lost strength vs the Dollar and the Yen. It has arrived the zone which I think could be the next turning level. On the upside (129) it´s swing trend level and on the downside it´s the fib retracement 61.8% of downgoing fib at 123. If the price falls even beyond this zone the EW-analysis would be wrong (because 4 can´t be lower than 1). To confirm this...

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Silver has not only left the negative trend channel to the bottom but also has had a bearish engulfing (2018-07-13) just after having a small recovering. There is a new support line, parallel to the existing trend channel and this should not be broken. RSI is in bearish zone, the trend shows a sideways move. MACD is clearly negative. To give new bullish signals...

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My own projection with a 12345 motive wave to higher prices has been false. The german index turned and tested the lower limit of the ascending trend channel. After haveing rebounded on this support it soon turned again on the fib retracement 78.6% (12600). If it falls again on the lower limit of the channel, we can see the pattern of an inverted cup with handle...

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The Ripple has fallen from the upper limit of the trend channel to the lower limit within 8 Weeks (aprox). It has tested it, rebounded, climbed up to the second negative trend line (fine line), rebounded again and is now on its way for the further test of the limit (probably 0.40$). If the test will be positive then Ripple could rally to the upper limit of the...

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Since the last ATH in january (2848) the S&P 500 has fallen in steps (see trend lines). The trend line at about 2.800 is a strong resistance. At this level the bears take over and the bulls flee out of the stocks. And at about 2.700 or at least at 2.600 the game changes its direction. Actually the index has just turned and is heading towards the 2.800 level. On...

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Seemingly BTC has finished the very long depression and broke out of the "smaller" negative trend channel. To confirm this new life it shouldn´t fall back into it. If BTC continues its new trend, then we have seen the low at 5.755$ - and this low could also be the endpoint of a long correction cycle. The dayly candle from june 29 is enclosing that form the day...

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With the announcement of the new and stronger sanctions against the russian industry and products the index RTS crashed and fell out of the older but positive trend channel. Cause it has been an overreaction and so the recover started soon. The index rised back into the trend channel but stayed near to the lower limit. Since this time it swung around the lower...

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The price of Silver ($) touched the lower limit of the trend channel and rebounded! This is a good sign, because it shows that the trend channel is strong and active. Now the silver-price can climb up to 16.59$ before reaching the upper limit of the trend channel and also the resistance line, formed by a fib retracement 38,2%. Some gains to make in short time. ...