Based on market fundamentals and chart analysis, I expect USD to appreciation in the next years.
According to EW count, DXY is in the 5th wave.
The wave can extend above 106 level. 100 is quite critical, it is also a psychological level.
It looks like, on log base chart, the price can still go down to $3k-$4k range, which will be the D wave. The fib levels show $4,384 can be the support level. Moreover, the bearish mode may continue until August 2018.
Then, E wave can start. I do not know how it can extend but I am sure we will see new ATHs.
P.s. the previous rally started on August 2015.
#GLEN topped in the beginning of this year but since then the price rally lost its power though the company announced better results compared to the previous year.
Technically, the share builds a H&S formation, which has a neckline around 339. If this level is passed down then there may be further fall, which can be interpreted as a correction (ABC) ...
EOSUSD has been moving in a range since last November. First, the price hit $18 but then retraced to $4 and then again moved up to $23 but fell back to $10.29, which is the current price level.
It looks like the price is in an ABCDE range and it is going down to $6.0. This is the support target, IMO. If the price can hold at around $6.0 then the last leg of the ...
Facebook's share price increased from $16-17 in 2013 to $197 today, an increase by around 1000%. However the end is near for the price rally.
According to the Elliott Wave count and Fib levels $200 and slightly above can be the top for the share price. Moreover, the volume is diminishing and RSI signals negative divergence.
A correction period after a 7-year ...
Log scale graph:
- Fib ranges from $0 to $19,988.
- The correction is a double zigzag.
- The first one completed.
- The current downtrend is the C of the second ABC correction.
- The downtrend ends around low $4.0k, which is 0.786 fib level in log scale.
It looks like BTCUSD has been in an ABCDE formation. The long run support line and the current price can meet around $7.0k around June.
If this formation is real then we need to consider a potential inverse flag formation, which is a scary scenario.
It is only a possibility but still needs to be take into account. $7k is still likely a possibility.
- BTCUSD price is currently at the bottom of the parallel channel.
- It will possibly pass below the channel and can hit mid-$8k (A-wave).
- B wave can retrace up to $9.5k and C wave can drop to $8.0k-$8.5k.
Here is what I expect.
- Sub 4th wave is not complete.
- I expect it to finish around $82.
- The last wave (5th) can extend up to $100, which is a psychological level.
- If NEOUSD can see $100, then there will be a correction due to the end of 5 wave formation.
There is still no additional volume and no market interest to Bitcoin. As a result, the price is still weak and loosing steam.
Though the short positions are increasing and hit all time high, I am not sure there will be a huge buy in the next days.
Technically, BTCUSD is in the 3rd wave and this wave can end around $6.2k. The 4th wave can extend to $7.2k.
I think the downtrend will continue until $4.6k (a little less or more) price level. There is still no additional volume at current price levels, which is also a sign of the price target. Moreover, the blue trend lines are getting closer, which mean the price is very close to a point break.
I am not sure whether it will go to the moon or somewhere else but I, at ...
I think, from a wider perspective, EURUSD will appreciate in the next term, at least technical measures show an uptrend.
From a closer look, 1.25 will be quite important. If we can see levels above, 1.30 will be next target. However, at 1-month frequency, negative divergence is getting significant.
On the other hand, if you compare the trend with 2002-period, we ...
According to the price trend since the beginning of this year, the price downtrend may end around the support line at around $8.4, then a rebound back to $12.5 can be expected.
The narrowing band also supports a trend change in the next hours/days.
Let's wait and see.
As the lyrics of the beautiful song by Dire Straits says:
"Why worry, there should be laughter after pain
There should be sunshine after rain
These things have always been the same
So why worry now"
This downtrend might be the last one for a while. Bloomberg's latest news regarding Tether subpoena, then today South Korea's announcement about not-banning ...
I think EOSUSD hit the (short term) bottom yesterday and will be in an uptrend till it sees a price level around/above $26.
As can be seen on the chart, there are 2 different channels:
1. Blue trend lines: I think the short term target will be $16-$18.
2. Black trend lines: This is the mid-to-long-run target, which is above $26 (up to $32.)
Let's wait and see.
I think we have the same trend, including volumes changes, RSI , etc.) There is still a chance to see a lower level. I speculate that below $8,000 will be so meaningful for everyone. Hence, I predict $7,900. Let's wait and see.