The S&P 500 index has broken out of the symmetrical triangle to the top. With this movement it crossed also the resistance at 2692 and re-entered the ascending trend channel. This very bullish trend is confirmed by RSI (crossing up the falling trend) and MACD (trigger crossed signal to top) - and MACD in bullish zone. First aim could be 2790 (turning points...
NEO has just ended the motive wave B in an ABC-correction and is entering the wave C. Time to take profits (for short term traders). I expect the end of the wave above the supportlevel 73$ (fib retracement 23.6%) but below the last turning point from w A to w B. The new downtrend is confirmed by the indicators. RSI has crossed the ascending trend line, DI+ has...
After passing the top of wave 5 (9964$) - shortly before touching the swing trend line - BTC has entered now a corrective wave A. This wave could go to fib retracement 23.6% (9195$) before turning into wave B. I drew the top of B on the swing trend level (9667$) - this was also the top of the motive wave III (april 25). Then BTC would turn into wave C leading to...
Of course one has to wait until the upcoming hardfork before selling the coins, if this is the reason for holding the BCH-coins. But technically the signs for a near correction are strong. 1) There is a negative divergence between the RSI and BCH - peaks 2) BTC and altcoins are already in correction mode. They have lost some points from their high. Meanwhile BCH...
Due to the announced hardfork which will take part may 15 lot of investors have run into this coin. The hardfork shall upgrade the size of one block from now 8 MB to then 32 MB - what would give time to BCH with the scalability (in the case enough traders and users switch to BCH because they didn´t have any problems yet). But perhaps even more important has been...
QASH has reached its last high at 0,945USD - the top of wave 5. This has also been the upper limit of the ascending trend channel. It turned down - on the way to the lower level of the channel where I expect the point of the corrective wave A. At this level we find a fib retracement 78.6% (0,84$). If I´m right with this projection the price should climb and...
My analysis was right - ETH finished the wave 5 above 790 $ but below 860$ - this was the mentioned profit - take zone. We´re now in the corrective wave A, perhaps just entered the motive wave b. Whether ETH will describe a abcde or a abc correction, both could lead to a new buy zone between 620$ and 680$. We have taken out the money and wait for new clear buy...
Tron (TRX) has left the neural trend channel to the top and rose to a new high at 0.102$ - a gain of 136% in only 13 days. the fib retracement 23.6% (78.6% of down fib retrace) stopped the rush and is actually the resistance-line. Perhaps Tron will do the correction as other coins do aswell? In this case it could fall back into the trend channel and lose the...
The Nikkei Index had left the positive trend channel after forming a diamond pattern. It fell on the support at 20.600 (fib retracement 61.8%) and rebounded on this level. Since march 26 it has risen with volatility and reached the lower limit of the trend channel. It took some days to break through this resistance and it is still not for sure that it´ll stay...
After leaving the long descending trend channel IOTA rose quickly to about 2$. It´s now between two swing trend lines; one at 2.38$ and the other at 1.78$. It then lost the momentum and entered a bullish flag - which can also be an ascending triangle. Both patterns are positive in the long run. As long as IOTA doesn´t cross the support at 1.78$ the trend stays...
QTM has left the ascending trend channel and entered a bullish?? flag - where it tests the lower limit actually. If the limit is broken then the next support would be 19,20$ - a swing trend line. It seems that this support is strong - and it should halt. In the case the upper limit would be broken - the next resistance is near and even when crossed to the top, ...
As all coins Ripple also has had a good rally too. Is it over or will it continue? I think we´re in wave 4 shortly before entering wave 5. In this wave Riplle has to break the strong resistance formed by fib retracement 23.6% at 0,95$. After having crossed this line the space is open up to 1.40$ - where we find the next resistance (also fib retracement). RSI is...
MONERO has had a wonderful rally from about 160$ to actually 275$ (+70%). I think we´re now in the proximity of the next turning point. A) the ascending trend channel is very steep - and such movements don´t last for long B) EW shows we´re already in wave 5 (motive) - and wave 5 could be a shorter one C) we´re not far away from the long desending trend line (red)...
a very simple chart: LTC is actually within a neutral trend channel with both limits well defined (upper and lower limits have been tested several times). The price rebounced from the upper limit is on the way down - perhaps another testing of the lower limit? RSI is confirming the new downtrend, also ADX does. This up-and-down movement will have its end when LTC...
An interesting chart for the EURO - YEN pair. The pair is within a symmetrical triangle - the upper side the beginning in 2009, the lower side the beginning in 2012. In 2014 the price touched the upper side - this was the beginning of the ABC-correction. In 2016 it tested several times the lower side before climbing up to the peak of wave 1 of the motive...
humorous analysis: DASH has recovered from ~280$ to about 560$ - a doubling in three weeks. After this rush it entered a bullish flag or a symmetrical triangle - where it is now not far away from the end. The question is: will the snake bite (go up) or will it creep away (go down)? RSI is in bullish terrain but under the falling trendline. To give positive...
HUI has fallen from the upper limit of the descending trend channel to its lower limit. It rebounced on the lower level and now has rosen above the long descending trend channel - this is a good sign. If gold and silver don´t get weaker than they are actaully then we´ve got good chances that the HUI - Index will test the upper limit of the trend channel. Dollar...
HSI has reached ATH at 33484 on jan 29. Probably it was the end of wave 5. After having passed the ATH it fell down on to the lower limit of the existing ascending trend channel. In the next weeks this limit has been tested till it broke to the bottom. We can now analyse that the new trend was installed when the index fell on the lower limit of the old trend...