Previous drop was devastating, but based on a remarkable Diametric pattern, the correction phase for OIL may not be over yet.
If this pattern holds true something similar to drawn projection should happen.
On the other hand we have 36 level as an obvious PA support (next one is 26). It is still untested after the break and we can expect OIL to be supported at...
From EW aspect, I think the drop from 2019 high is forming a 5th wave extended Ending Diagonal (Terminal), which has not met the satisfactory levels for the last wave yet. And we can expect another drop after a short break.
From PA aspect, 62 support has been flipped to resistance and trend should continue after a retest. 50 is a reasonable target.
Just as you see and you may have already noted this if you had checked the history of SPX chart, the progress of this index from the year 2000 to here is amazingly matching the PA of 1929-1959.
Momentum of the moves are remarkably similar, as well as current location inside the channel (almost middle) compared to the relating time at the last occurrence of...
FOMO is here, not allowing DeFi Index to go for a correction.
It has broken the highest diagonal resistance and 1.618 level ATM, so I expect higher targets a d they don't seem to be very high for DeFi.
Here we have Dow Jones Industrial Average Index compared to Kansas City Financial Stress Index.
What you may notice at the first look is a correlation of Stress Index and DJI bottoms (at least I noticed that way)
So here is my take on remarkable peaks (ignoring small ones because they have not indicated big changes) on Financial Stress Index:
1. Stress is caused...
However it may have been unexpected to some including myself, but US monetary suicide squad helped Gold easily breakout ATH and move for a new one. And apparently that wasn't enough, Gold also has crossed the middle of long-term diagonal channel as you see. A weekly close around here can confirm that. Then we should look for buying it for $2010 instead of waiting...
There is also another resistance around 140B, but to me it doesn't seem as important as 115B which is broken.
I'm expecting TOTAL2 index to hit minimum target of 224B.
Don't forget to grab some altcoin and don't invest too much on shitcoins!
As you see ≈10400 which rejected price several times last year is clearly broken as well as 10800 which was a monthly resistance level and longterm bearish trend.
Area is so strong that we can expect it to push the price up to ATH with small corrections, this will be my super bullish scenario which a breakout of 11500 on lower TFs can be a further confirmation for...
First of all I want to make it clear that the HP (bearish bat) is based of log scale and that why ratios may look incorrect.
So we have a bearish bat with triggered BAMM, and A rising channel both pointing to almost $8.
If XTZ manages to break above local resistance which seems quite possible, it will start the move from here, otherwise if fails to hold the local...
Lend experienced the biggest growth with the explosion of DeFi bomb, surfing on a parabolic curve toward incredible targets.
But there is a down for every up, and that down seems to be just a few steps ahead of LEND.
Expecting a huge correction, in terms of time, price or even both for LENDBTC. Possibiliy till the red curve.
Which I choose the second option (die) here. And wait for ZECBTC to do it after testing range low again.
If ZEC surprises me with an early breakout of range high, then will look for a long at the retest.