After Gold has fallen out of the triangle to the bottom, it reached the long ascending trend line - a very important support! It broke this line but the following day ended with a bullish engulfing candle. I think we might see a V-movement to the fib retracement 50% at about 1.300$. RSI and MACD are confirming the new trend. And the summer season is one of the...
Ripple has tested the lower limit of the negative trend channel. On that support it rebounded and is since then climbing. With the better sentiment of the market it should now rise upt to the upper limit of the trend channel. On the way up it has to cross a descending trend line (resistance). This will take some time possibly. RSI confirms the new trend - it has...
The title suggests a rocketing movement of the token ETH. And in the long run it´s quite possible. What are the conditions for this projection? 1. ETH has ended the long decline and entered a new motive wave 2. The chart patterns (trend channel and swing trend lines) have to be broken up - of course some intermediate correction have to be taken as normal 3. the...
While Apple rises from ATH to the next ATH, the RSI - indicator has alreadey changed the tendency. And so we´re seeing a negative divergence between the price and the indicator - which is often an alarm signal, that a correction is in sight. The stock is within a stable trend channel - but not far away form the lower level! MACD is bullish - but the trigger line...
The EURO has rebounded on the fib retracement 78.6% (1.15$) and has already left the support-zone to the top. Hence it has entered the next wave - leading to prices above 1.20$. In that area we see a crossing point from a horizontal trend line and another descending trend line. RSI and MACD have turned, with the trigger line above the signal line (orange). Much...
From february to march the german index ahd been in a diamond pattern and broke out to the bottom. Will it repeat the same pattern this time? I´ve drawn two possibilities for the next days. Green: DAX will rise to fib retracement 78.6% (12.614) and break out to the top. This could be a motive wave in EW-theory. Red: DAX breaks out of the diamond to the bottom with...
Within a well defined trend channel the Ripple has fallen from about 1.40$ to 0.42$ today. It has just touched the lower limit of this channel and we´ll see if it´ll break to the bottom or if it´ll rebound and climb. MACD isn´t showing much life, nearly neutral. And RSI has also reached the 20 level; beyond 20 would be the oversold-zone. There are two...
BTC has fallen to the level from that it hast started its rally in 2017. This is a strong support and it must halt; other wise BTC could fall very deep (heading to 3.550$). But I think there´s still some hope. 1) the support has been tested and it was strong enough to stop the negative momentum 2) RSI is close to oversold area and in the long run this has been...
Yep, that has been an abrupt fall out of the triangle - instead of a breakout to the top! Nevertheless - the price isn´t far away from the next supportline - the lower limit of the ascending triangle. And this should be a very strong support! Even if Gold would break the line the next support is following shortly behind: a swing trend line at 1.215$. Watching the...
Bitcoin has fallen in price since may 06 and has lost around 38% in value. Have there been any fundamental reason for this? No - in my view this is still a consolodiation which has begun after the rally in 2017. And we´re not far away from the level where the last rallye started: 5.800$. Will the BTC fall to this level before it regains force? The trend...
As "predicted" in my last analysis BTC reached the support zone, where the last corrective wave (e) would find its end. Exactly on the lower limit of the descending trend channel and within the zone it turned to up. This movement had been confirmed by the RSI, following the movement within a falling trend channel as well. In a rush rally BTC climbed up to the...
The token rebounded on the swing trend line at ~ 520$ and reached the lower limit of the existing trend channel. Therefor it crossed 2 overlapping fib retracements - one 23.6% from the upgoing fib and another 61.8% from the downgoing fib. This level is now an important support. Actually ETH fight along this line and so it´s still in danger-zone. RSI is in bullish...
The german Index DAX turned at 13.200 pt and reached the lower fib retracement 78.6% on 12.600pt. The RSI reached the lowering trend line. This support should be strong enough to halt the fall of the index. If so, we could see another rise, leading to the old ATH. EW theory confirms this possibility. note: if the support at 12.600 is broken to the bottom -...
Fundamentally the Euro is weak against the USD: crisis in Italy, problems in Greece, the last IFO projection (for exports) negative, zero interest rates, ... The technical analysis confirms this view. From 1.23$ (per Euro) it fell rapidly and reached the support zone between 1.14 and 1.16$. On the lower side of this zone is a fib retracement 38,2%; above there is...
The price of silver has rebounded on the swing trend line (support) and rose quickly back to the upper limit. RSI is bullish - not oversold and MACD signalling a positive trend (signal line just triggered). The vola of EMA 50 has been lowered - perhaps a good sign for the near future? Buy: if silver leaves the trend channel to the upside - aim is the swing trend...
After a long decline from 0.95$ to 0.54$ XRP rebounded on the lower limit of the descending trend channel. This turning has been confirmed by a RSI crossing the trend line from bottom to top. MACD is also about to give more bullish signs. We´ve got several resistances on the way to the upper limit of the trend channel and the limit itself will be a severe...
My last chart for IOTA hasn´t been very kind to the token. It showed a harmful correction to a level at 0.37$ - what is still possible - who knows the future? In this chart I combined the chart patterns with the EW, even when some are telling me that EW is "rubbish". First we see a long negative trend channel, beginning at ATH and ending at the last low. It has...
The Euro has lost the fight in the peak of the triangle and broke out to the bottom (as expected). The first support on its way down has been the last top at 1.20$. The next (weak) support is the top from nov 2017 at 1.19$. Then we see at 1.15$ a support coming from the fib retracement 78.6% (fib to bottom) and shortly after this a very strong support at 1.14$ -...