The EURO has rosen up to 1,24 USD. But still it had been in the peak of the triangle. The upper line coming from was formed by the lows in 2010 (june) and 2012 (july), the lower line is an ascending trend line; the beginning of this trend in 2017 (march). A third line crossed the peak - a swing trend line at 1.23$. The fight between bulls and bears around this...
Zcash has had a bullish race up to 325$ - which marked the end of wave 3. In the following it has broken out of the ascending trend channel to the side, and the lowest price marked the wave 4. Comparable to other coins the price didn´t rise fast after the turning point. Zcash is actually within a symmetrical triangle, with the lower limit consisting out of a...
No trading advice! The altcoins and Bitcoin are probably in wave 5, and Stratis is no exception to this. We´ll see the peak perhaps at 23.6% (8.40$) - followed by an ABC - correction. Also this could be the chart pattern "cup with handle" - if the ABC - correction won´t lead to deep prices. In this positive case the next motive wave (12345) could bring the price...
Watch this immense gap between the 5 y treasuries and the thirty years bonds. It will close sooner or later and I don´t expect the 5-y to fall or not far enough to close it. We´ll see probably a fast rise of yields in the 30- y bonds and this will cause much losses to the investors who are not aware of this. Sure, the indicators are signalling a correction in the...
LSK is rising in a well defined trend channel. Also the EW-theory looks good - I think LSK could be in wave 4 to 5. We´ve got a first aim which is the fib retracement 23.6% (13,9$). But this shouldn´t be the peak of w5. With enough momentum it should break through and rise to higher prices. One possibility is the swing trend line at about 16.4$. In a very good...
As every analysis for prices in the future this one is also only speculative. I combined EW-theory with trend analysis and chart patterns. If NEO follows more or less this direction it could lead us to 97$ - where we find a fib retracement 38.2%. It would be another rally for 23 days - but with higher volatility. At least one V-formation can occure - perhaps...
XAU in comparison to gold and silver shows bullish signs. Gold has had a good little rallye and is taking breath, while silver is just making the rallye. XAU - representing the mines of both (hedged and unhedged) was more stable and stayed within a symmetrical triangle. Nearly in the middle of this triangle pattern we find the fib retracement line at 61.8%, this...
The DJI had its ATH on jan 26 and has been since in a correction wave - abcde- . Also there is a falling trend line, combined out of the intermediate peaks. And the indicators RSI and ADX are signalling more weakness. All together I think the correction can lead the DJI to 22.380 pt where we find support (fib retracement 78.6%). On the timetable this should be...
BTG is still alive! There is more volume in trading in this coin, than in other altcoins. So this is good news. And - even if it´s not 1:1 correlated to BTC the correlation is rather high - as can be seen in the graph. If BTC remains above the actual support - as I´ve mentioned in my BTC- analysis - this means for BTG that it also will stay above the support 40$...
Are those movements (see arrows) only random or are they the consequence of the trading of hedgefunds? A lot of reasons can be found: algorithms, stop-loss, sentiment of traders with weak hands (cyclical traders) Interestingly it hasn´t been only the up - and down movement of BTC but also the traded volume. This is the reason why I think that big hedgefunds are...
Gold is just below the long descending trend line, which it had tested several times in the last weeks. Each time it has rebounded and plumped on the support-level (swing trend line @ 1314$ & fib retracement 78.6%). This time it could have enough momentum to break the strong resistance at 1351$. Why? First, the sentiment for gold is generally positive. Second,...
Since my last analysis about Ethereum it has left the "well defined negative trend channel". With this change the last corrective wave was finished and ETH entered the first motive wave. This led us to prices above 530$. At this point I wasn´t sure if wave 1 had it end and where wave 2 could have its. Today I think we´ve already seen a small wave 2 and ETH is...
The silver price has been captured within a descending trend channel for 2 months. The last days it has tested the upper limit of this channel and it seems that it´ll break through in the next time. This is good news and it gives way to higher levels. The next aim should be the swing trend line (resistance) at 17,22$ and / or the long descending trend line...
There are two possible ideas for DASH at the moment. positive: The price outbreaks the bullish flag to the top, breaks through resistance (fib retracement of falling fib, 78.6%) and continues to the next swing trend line at 428$. A benefit of 12%. negative: The price breaks the lower limit of the bullish flag - what is also a triangle, and falls on to the...
OMG has left the triangle pattern to the top as mentioned in the last analysis. It rose to fib retracem 38.2% (15,59$) as we have expected. This is / was the profit take - level. This was also the turning point from wave 3 (motive) into wave 4 (corrective). Now the price can fall till support at around fib retracement 23.6% (12,45$), perhaps even to swing trend...
At OMG we can see an EW-movement, which I´ve drawn in primary cycle. It is now the question if the last corrective wave has already ended or if we´ll see a new low at about 6.30$. At the peak of the ascending triangle we´ll see the new direction. Whether it turns up - then the corrective wave has ended and we´ll see a new trend (green arrow). Or it turns down -...
Comparing the actual ADX with the past we see a similar event; namely the crossing of the momentum-line and the DI+ - line. In the past only a few days after this happened the trend turned and Verge fell. With RSI nearly in the overbought-zone it is probable that we´ll see a change in trend this time too. Perhaps the price climbs up some more dollars before it...
You couldn´t predict what has happened this night. What I´ve expected was a prolongued fight between bulls and bears till the peak of the triangle and then a possible break-up out of the negative trend channel. But what we got is much better, because BTC not only broke the trend channel but also the long descending trend! I don´t know what caused this sudden...