Platinum (XPTUSD) has been trading within a (very) long-term Triangle pattern since the September 24 2020 Low. That was the low that initiated a massive rally to the February 16 2021 High that started the long-term Lower Highs trend-line, which lastly rejected the price November 11 2022. The 1D MA50 (blue trend-line) is the key here. As long as it holds, there...
Chain (XCNUSDT) has been a regular on our portfolio lately as we have been accurately following a specific Bearish Megaphone pattern since late September: Right now the 1D RSI is approaching again its recurring Lower Highs trend-line, a break above which will be an instant buy signal, targeting the 1D MA50 (blue trend-line) again, as we our previous...
*** *** For this particular analysis on the Curve DAO token we are using the CRVUSDT symbol on the OKX exchange . *** *** The idea is on the 1D time-frame where CRV has been trading within a long-term Falling Wedge pattern. At the moment, following the (near) 1D MA50 (blue trend-line) rejection, the price is posting a Bull Flag, similar to that of July 08...
HEX (HEXUSDT) has been trading within a Falling Wedge pattern since July. Today it is on a strong 1D candle with the RSI rebounding on the 30.000 oversold barrier. Having priced a new Lower Low at the bottom of the Falling Wedge, this move has the potential to hit the 1D MA50 (blue trend-line) on the short-term and the 1D MA200 (orange trend-line) on the...
*** *** For this particular analysis on the Fantom token we are using the FTMUSDT symbol on the OKX exchange . *** *** The idea is on the 1D time-frame where FTM has been trading within a Falling Wedge pattern since the May 23 2022 Lower High. Today it broke above the 1D MA50 (blue trend-line) for the first time since November 08 and that alone calls for...
THORChain (RUNEUSD) has been trading within a Channel Down pattern since the June 13 2022 (weekly) low inside a longer-term Bearish Megaphone since the May 17 (weekly) High. The 1W LMACD is close to forming a Bullish Cross. If completed, the short-term target will be the 1D MA200 (red trend-line). A break above the 1W MA50 will further be a bullish break-out...
Walmart Inc. (WMT) has been rising since the low of the June 13 2022 weekly (1W) candle. Along the way it broke above the key Resistance of the 1W MA50 (blue trend-line) and after it held the 1W MA200 (orange trend-line), it has established both as Support levels long-term. There are however two longer term patterns to consider that supersede those MA periods,...
On this analysis we diverge from our usual long-term outlook and instead we look at the (short-term) 4H time-frame where the 4H MA50 (green trend-line) is in focus. S&P500 (SPX) broke below it since yesterday and not only has it failed to recover it but so far has a clear rejection. As long as we trade below it, the first target will be the 3915 Support where a...
The German Index (DAX) hit last week its 1W MA100 (green trend-line) and early this week, the 1W candle is pulling-back in red. If it closes this way, it will be the first week of loss (red) since late September, running an amazing streak of 8 straight green ones. With the 1W RSI almost reaching 65.000 for the first time since November 15 2021 (a whole year ago),...
This is Bitcoin (BTCUSD) on the 1W (weekly) time-frame. The focus is on the Bearish Megaphone that has been running since the April 12 2021 High, drawn on the weekly candle bodies, ignoring the wicks. This is the pattern that has been dominating the whole Bear Cycle since its beginning, with the October - November fake-out rally excluded as its was the peak of a...
The WTI Oil (USOIL) almost turned oversold on its 1D RSI today and the last time it approached the 30.000 level was on September 26. That was the low of the multi-month downtrend, with Oil making a counter trend rebound to 93.65 in just 10 days! On the short-term, the Resistance that has been intact since November 15 is the 4H MA50 (red trend-line). Breaking...
Gold (XAUUSD) broke and closed above the 4H MA50 (red trend-line) for the first time since November 18 and turned the short-term trend bullish again. The target is the 1D MA200 (orange trend-line), which is just below the 1800 psychological level, and has been unbroken since June 23. Notice how perfectly the November 23 low and rebound was made on the 0.382...
The EURUSD pair is having a strong rebound on the 4H MA50 (blue trend-line). The very same rebound we last saw on November 10 and October 21 during this 2-month uptrend. Common characteristic was that the 4H RSI was where the green arrows show. This is an almost perfect symmetry on this rising pattern. Those two previous rallies rose by at least +4.00%. The...
The U.S. Government Bonds 10YR Yield (US10Y) has gone a long way since our top prediction a month ago: As you see, the Lower Highs 1D RSI Bearish Divergence, accurately projected the top and the price broke much lower than the 1D MA50. On a short-term horizon, as long as it fails to close above the 4H MA50 (blue trend-line), we will be targeting the 1D MA100...
To be exact the last time the U.S. Dollar Index (DXY) hit its 1D MA200 (orange trend-line) was on June 23 2021 and last time it traded below it June 16 2021. Needless to say, this is a key development for the long-term price action, as a candle closing below it, confirms the transition from a long-term bearish trend to a bullish one. So far since the November 03...
Simple 1D time-frame analysis on Bitcoin (BTCUSD) showing that since the March 28 High, every drop was followed by a rebound to the 0.5 Fibonacci retracement level. Out of a total 3 occasions, in two of them the 0.5 Fib top matched by a 4H MA200 (orange trend-line) rejection. Right the 4H MA200 is exactly on the 0.5 Fib at around $18500. Is that your short-term...
This is an interesting finding on the 1W time-frame, showing Bitcoin (BTCUSD) within a Channel Up since December 2017 High (of the previous Cycle). Below we analyze frame by frame the similarities and differences, key pressure levels and how those can make a projection for the following months. ** Triangle.. then flush ** A key component of this is the pattern...
This is the Dow Jones Industrial Average Index (DJI) on the log scale since the great depression of the 1930s. A lot of talk is being done lately on whether or not this recent rally is sustainable, or if the high inflation can cause a deeper correction etc. In order to put things into perspective it is always useful to look into the longer term charts, preferably...