IOTA joins the rest of the cryptocurrencies who insist upon ranging. This is a frustration to investors waiting for some semblance of a recovery. IOTA currently seems to be facing resistance 1.37, and may be giving up the $1.30 handle entirely. It seems to be settling on the range between $1.20 and $1.37. If we break out to the upside, we must punch through...
Ripple is currently forming a range with a hard upper bound at $0.82, a level identified here many times. The lower bound seems to be the trend line of an ascending (bull) wedge currently at $0.76. The Kovach Momentum Indicators are still very bearish. The only consolation is that they appear to have peaked and must eventually turn up soon. The ranging period...
Neo broke its losing streak with a brief rejection from the lower bound of the KRI at $81, only to revert to this level once more. This has thwarted our hopes of a bull segment to the impulse phase of the Elliott Wave. Neo currently seems to be establishing the range between $81 and $92, the latter corresponding to a Fibonacci level. The bullish crab cypher...
Litecoin swiftly rejected a breakout from the lower bound of the KRI. Again, it seems to be hugging it at $176 at the time of this writing. Our rebound indeed seems to have faced a swift speed bump and it seems equally likely that LTC may test levels from above and below, though we have strong support from below. Elliott Wave analysis is predicated on momentum,...
IOTA too has remained range bound, currently testing the upper level of this range near $2. Like the other cryptos, IOTA could really use a burst of momentum to confirm entry into wave 3 of the impulse of the Elliott Wave. The central moving average of the KRI continues to provide support around $1.92. Other levels of support include $1.95, $1.78, then $1.60,...
Bitcoin Cash has tested some levels in the lower $1,200 handle. Thankfully, it rejected these and rebounded to $1,275, which appears to be a very strong level. Currently, it corresponds with the central moving average of the KRI. If current prices do not hold, we'll have support from $1,200, as well as Fibonacci levels at $1,144, $965, then the lower bound of...
Stellar Lumens has edged lower, within inches of the lower bound of its range which corresponds to the lower bound of the KRI at $0.30. It is still range bound between $0.31 and $0.38, though the upper bound of this range seems to have narrowed to $0.35. If support does not hold, we have the lower bound of the KRI which still sits at $0.30, which is also a...
Stellar Lumens has gained some traction on Sunday as well. It too rejected the lower bound of the KRI, which is confirmed by a green triangle on Sunday's candle. This rejection seemed to occur at $0.265, a technical level near the psychologically significant $0.25. Beyond that, we have $0.23, and then we must consider levels in the $0.10 handle, starting at...
Litecoin retraced to the central moving average of the KRI, which coincided with psychological support at $200. It has since rebounded back to the lower end of the range it was holding at $210. Both Kovach Momentum Indicators remain bullish but the Chande has stalled and has levelled off. A consistent theme throughout all cryptocurrencies covered here is that...
Neo has retraced further from the upper bound of the KRI at $140 to find support at a Fibonacci fan level at $129, which corresponds with a Fibonacci level. This combination amplifies support and we see that with the long wick of todays candle on the downside, bolstering the rejection of the central moving average of the KRI at $121. Although this is a setback,...
Stellar Lumens seemed resistant to the clout but has relented the $0.30 handle to find support in at the lower bound of the KRI at $0.27. What we acknowledged as consolidation of volatility has regretfully manifested in a breakout to the downside. This is supported by the Kovach Momentum Indicators, which are now quite bearish on 30-Minute charts. From below we...
Bitcoin Cash has finally relented the $1K handle, and we must now consider levels in the $900 handle. Solid red bars on the day candle are foreboding. We are pressing the lower bound of the KRI and do not seem to be even considering the slightest retracement. We have broken support from $950 at the time of this writing and if we cannot regain this level, there...
It has demolished levels of support to press the lower bound of the KRI with a vengeance. IOTA has long given up its range between $1.84 and $1.92, plummeting to the $1.20's. IOTA is currently sitting at $1.23, just above strong support at $1.21 and $1.20. It is worth noting that we have broken the lower bound of the corrective phase of the previous Elliott...
While Ripple was not immune to the fallout afflicting the cryptoverse, it was not hit quite as hard as the other majors. XRP is currently hanging on to support at the lower bound of the KRI at $0.74. It has smashed through the lower bound of the range it once held strong. After $0.74, we must consider levels of support at $0.70, then $0.69. After this, there...
This is the 10th strong bear candle in a row for Neo. Again, we must emphasize that we can't even seem to get a single green candle as a relief rally. The bullish crab cypher patter we identified yesterday does not seem to be proving hopeful. All support levels from the $90 handle have been punctured, and we appear to be hovering above support from a Fibonacci...
Litecoin has edged downwards continuously to press the lower bound of the KRI. Both Kovach Momentum Indicators have turned bearish, and this is true across the board. It is now apparent that we are in wave 2, which began February 20th when we hit a relative high. LTC is currently clinging to support at $162, which would have seemed infeasible to the most...
It has been characteristic of IOTA to be hit hard during bad times, but react less bullishly to good times. This trend has continued as IOTA seems to be hanging onto the lower bound of the KRI at $1.50 by a thread. IOTA has long given up its range between $1.84 and $1.92, plummeting to support at $1.36 or so, before regaining footing. We'll have support from...
This is the 9th bear candle in a row for Neo. We can't even seem to get a single green candle as a relief rally. The good news is that Neo seems to be forming a bull crab cypher pattern. If momentum reignites, we can expect a breakout to $130's or so. Today's candle seems to be forming a doji, which suggests some ambivalence at lower prices. The Kovach...