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According to the Cosmic Channel Lite indicator, the price has broken a 2 day minor resistance level as indicated by 2 Cosmic Markers Lite markers, reversed down and stopped at another local Cosmic Rays Lite support. If the price rises above the last minor resistance level, the next major resistance lies around $28k.
The absence of Cosmic Markers while the price is hovering below Cosmic Gravity Major Resistance is a bullish signal. If the price breaks through on up the next level to watch will be Cosmic Gravity Top Resistance
After moving below the Cosmic Channel Basis Line the price fell until Cosmic Channel Lite Support and stayed hovering below that level. The current Cosmic Rays Lite resistance line is on its way down towards the price and is projected to meet it in the next several hours. This should be a key moment to decide the next major trajectory the price will take.
On the 1H timeframe the price is holding above Bottom Support and on the 15 minute the price has gone back up above Bottom Support while the Basis Line has turned bullish, suggesting a bullish movement is next.
The next common resistance for these timeframes intersects at 1H Major Support and 15 minute Basis Line .
When levels overlap across timeframes, in addition to acting as a strong price "wall", the point of overlap often also acts as a price magnet, attracting the price to test its strength. This is the situation shown in the chart, where both resistance and support overlap across the 6h and 15m timeframes. The short position stop and target are set accordingly.
Given that the price has indeed reversed off of the 12M pivot channel basis and is heading downward and will cross below the Cosmic Rays Lite support, the next major pivot cloud support level will be the 1W bottom / 1M basis level around 21.9k.
They say history repeats and this is true in hindsight. Before the fact the best we can do is get informed and prepare. Here we have 12M DM and Fib pivot levels for the past 3.5 years and they seem to be significantly magnetic throughout this span. This includes the COVID recession crash of March 2020, which level and time-wise is strikingly similar to the...
Here are the main support and resistance levels on the little known but historically precise 23 hour timeframe, using the auto-generated short term levels of Cosmic Rays Lite and auto-generated long-term levels of Cosmic Channel Lite :
24.5 (short-term resistance)
23.5 (long-term resistance hasn't been broken since June 2022)
22.6 (short-term support)
Coinciding with talks of recession, the Baltic Dry Index (which can be thought of as the cost of international shipping of primary goods and so an economic indicator) is approaching the lows seen during 2020. With a 60% drop left to the 1D Cosmic Channel Lite support and Cosmic Markers Lite not yet flashing the strongest support signals the prognosis is...
1D ETHUSD has broken above the Cosmic Gravity support channel and found new resistance at the bottom of the inner channel. Should it also break above this resistance the next minor ceiling is where the target is placed.
1D price rose close to the max Cosmic Bands resistance, potentially forming a new Cosmic BB SR level. Statistically this would be a point of reversal but max resistance has not been reached on higher timeframes and it may be a good idea to wait for bearish confirmation.
The chart shows two recent and unprecedented occurrences that may lead to an outcome of equally unprecedented proportions. In the past year the money supply
peaked and is still negative over a year since
reached peak liquidity
Causes include the effects of the pandemic, asset conversions spurred by tax reforms and corporate buybacks, rising...
SPX price has risen to high-maximum resistance on multiple timeframes while showing few bullish signs, suggesting a drop is likely. The short target is set at the extrapolated 1W Cosmic Gravity resistance channel top.
Con allegations caused a sudden plunge in price, which dropped to the 15 minute Cosmic Channel Lite support. Considering the magnitude of the volatility, a rebound or flattening are two ensuing possibilities, with the latter likely given the nature of the news.