Gold (XAUUSD) is failing to break early into today's E.U. session above Friday's High, and that is so far a Double Top. If it holds, it will be a technical rejection sell signal and based on the similarities with the September 01 peak fractal (+3.65% rise, identical 4H RSI patterns), it can complete a drop even a little under the 0.236 Fibonacci retracement...
The EURUSD pair is about to hit the 1.10000 target that we placed on our trading call (see chart below) earlier this month (Nov 06), and it might be a good idea to secure the majority of longs with at least an SL above 1.0900: The target will complete a +5.48% rise from the bottom, which is the typical length of the standard rallies that the pair has given us...
Fetch.ai (FETUSD) is rising aggressively these last few days, fueled by the formation of a 1D Golden Cross. This is the 4th such bullish pattern within the long-term Channel Up since it started on the March 13 2020 market bottom. Every time this formation emerged, the price had already started a rally sequence (such as today's) but is nowhere near its end. In fact...
TOTAL3 which measures the Crypto Total Market Cap excluding Bitcoin (BTCUSD) and Ethereum (ETHUSD), is essentially a metric of the altcoin market. It's movement in relation to previous Cycle is indicative of what we call an 'Altseason', when this market segment rises disproportionally to the rest. The price tested the 1W MA100 (green trend-line) last week for the...
Bitcoin (BTCUSD) will complete this week or the next the first 1W MA50 (blue trend-line) - MA100 (green trend-line) Bullish Cross since the week of December 02 2019! Such a bullish pattern, exactly 4 years after, is a Cyclical buy signal which technically is the last we are going to get during this Cycle. With the Halving being a fundamental signal, this Bullish...
Meta Platforms (META) hit last week the top (Higher Highs trend-line) of the Ascending Triangle pattern after breaking the previous High (Resistance 1 at 330.00). This is so far the peak of the technical rally and we will buy only after 1D MA50 (blue trend-line) pull-back (1D RSI ideally on the Support Zone) or if the price closes a 1D candle above the Higher...
Arweave (ARUSD) broke and established itself above the 1W MA50 (red trend-line) for the first time in its history. That is a major long-term bullish signal, and it is no surprise that since it held it as Support on Friday, it is rising strongly over the weekend. We would ideally prefer to see the price break also above the top (Lower Highs trend-line) of the 15...
The GBPAUD pair broke below the long-term Channel Up that it has been trading in since the start of the year and a Channel Down emerged as last week we had a rejection on the 1D MA100 (green trend-line). That is the top (Lower Highs trend-line) of the Channel Down and the most optimal sell entry. However the 1D MA200 (orange trend-line) is still supporting, so we...
Last time we looked into Amazon (AMZN) on October 30, we called a bullish break-out signal, which in two weeks hit our $146.00 target (see chart below): We zoom out on the 1D time-frame now in order to identify the longer term patterns involved. Based on the 1D RSI which is pricing a Support on the former Lower Highs trend-line, we can see the very same...
Bitcoin (BTCUSD) is under heavy volatility lately due to the ETF development and in times like this, we tend to zoom out into the longer term time-frames such as the 1W to get a better perspective of where we might be at with relation to past Cycles, in an attempt to filter out the short/ medium-term volatility of such news. ** Cycle classification ** On this...
Almost a month ago (see chart below) we gave the most optimal buy entry on Ethereum (ETHUSD), while it was at the bottom of its Channel Down, even below the 1D MA50 (blue trend-line), targeting the 1D MA200 (orange trend-line): The target got hit and the rally has been so strong that it even broke above the medium-term Channel Down and resumed the long-term...
Nasdaq (NDX) smashed through our bullish target when we issued a buy signal (see chart below) 2 weeks ago: Right now it is on a minor pull-back after hitting Resistance 1 (15930) yesterday, which is the July 19 High. That was the firs High of a potential Megaphone pattern and its structure so far resembles the Megaphone that formed the market bottom (October...
Last month's Head and Shoulders (H&S) pattern (see chart below) hit both of our Targets (79.00 and 75.00) and transitioned into a Channel Down: The price almost hit the pattern's bottom (Lower Lows trend-line) and after a 4H MA50 (blue trend-line) rejection, the 4H RSI formed the same Higher Lows trend-line as it did on October 12. We are expecting this to...
The AUDNZD pair hit both our sell and buy Target since we last looked at it (see chart below) on September 26: The price is now both on the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) which move parallel and has started the new bearish wave (red arc) towards the Higher Lows trend-line of the long-term Triangle pattern. As you can see, this is...
Gold (XAUUSD) took advantage of the lower than expected U.S. CPI and rose aggressively back above both the Channel Down and the 4H MA50 (blue trend-line) but not before hitting our Lower Low target within the Channel Down (see chart below): Even though this rise is more based on fundamentals than technicals, the price is approaching the 0.618 Fibonacci...
The EURUSD pair followed the exact path that we pointed out on our last analysis (see chart below) as it gave a buy opportunity after a pull-back on the 1D MA50 and rebounded aggressively following yesterday's lower than expected U.S. CPI: A new pattern has emerged since, a Bullish Megaphone, with the price hitting yesterday's its top (Higher Highs...
The S&P500 index (SPX) fulfilled our previous Cup and Handle (C&H) pattern, as even though it had a week closing below the 1W MA50 (blue trend-line), it eventually bottomed and has since been on a 3-week rebound that broke above the Handle, turning the 1D MA50 (red trend-line) into a Support again. Perhaps the strongest technical development of the week is the...
The NZDJPY is trading within a Channel Up pattern and is currently on the latest bullish leg towards a new Higher High. All previous waves have been at least +6.12%, so that gives us still an opportunity to buy and target 92.150. If the RSI hits 73.40 before the target, close the buy regardless, as the 73.40 Resistance has formed the September 29...