TP = 0.1217 hit, with the 1D Channel Down (oversold RSI, STOCHRSI, Williams, CCI) bouncing off the Resistance line, making a Lower High at 0.171680 and being rejected towards the 1W support = 0.1217, since our last update. The next obvious target on 1W is the December 11th, 2017 low = 0.099141, with 0.078501 (Dec 08, Nov 30, 2017) being the next and last before...
Friday printed the most bearish 1D candle (-9.99%) since March 29 (-10.61%), beaking February's 6,000.0 bottom. As posted since May 29, if 6,000 was to break, the price would be directed towards the 1W MA100 = first 5,627.4 and SMA100 = 4,565.1 in extension. Keep having the 2014/ 2015 bear cycle as a model to construct your strategy which should be selling on...
The price is surprisingly very well supported on our established first support line at 0.21539646 (yellow line), creating a Rectangle on 4H (STOCH = 47.872, MACD = -0.002) fuelled by the high 1H volatility (ATR = 0.0026). That discontinued our projected Channel Down continuation but the underlying trend on 1D remains heavily bearish (RSI = 34.263) as seen on the...
Our trading plan is intact as after the projected sideways consolidation to take place within the recurring Rectangle on 4H, LTC is expected to enter a new 1H Channel Down (RSI = 14.752, Highs/Lows = -4.1614, B/BP = -5.2440) on its way to our TP set = 87.514, 70.855. This projection is valid on a 1 - 2 session horizon only if 89.178 (4H Low so far) breaks.
EOS remains on the lower echelon of the new 4H Channel Down (orange shade, RSI = 35.837, MACD = -0.075, Highs/Lows = -0.4283, B/BP = -0.6345). However it is well supported on the previous uspporting line (yellow) hence the neutral STOCH = 45.683 on 4H, which assures a smooth decline below the pivot (blue dotted line). As we see on the chart this has created a 1H...
Ripple broke the 0.53866 Support, essentially never letting the projected big Rectangle emerge but is surprising using this support as a pivot, trading sideways within a smaller 4H Rectangle (RSI = 51.731, STOCH = 47.908, Highs/Lows = 0). The 1D trend remains bearish (MACD = -0.039, Highs/Lows = -0.0034, BBP = -0.0314) so we have to follow its underlying selling...
The price is widening the bands on the 1D Channel Down (RSI = 47.113, MACD = -30.520, Highs/Lows = 0), attempting to price a new Lower High at 563.82. Based on an identical pattern projection on 4H (ATR = 12.9407), we expect sideways trading to follow inside a 517 - 563 Rectangle before ETHUSD tests the 420.31 1D support.
An inverted Head and Shoulder was completed on 1H and the price is now trading sideways on its 6,700 - 6,800 neckline (CCI = 17.8139, Highs/Lows = 0). 5H remains a Channel Up (RSI = 57.768, Highs/Lows = 15.8509) serving our bullish purpose but a new Higher High near 6,960.40 is required by tomorrow in order to sustain the trend (TP = 6,989 and 7,309.30). The...
GBPCHF is on a typical 1D Channel Down (RSI = 39.234, ADX = 40.425, Highs/Lows = -0.0024) which after a 20 day consolidation is looking to break the previous Lower Low (1.30533) and hit the 1.29825 and 1.28660 supports.
CADNOK is on a common Channel Down on 4H (RSI = 37.434, Highs/Lows = -0.0223, B/BP = -0.0495). It is now looking for the next Lower Low but is near two important 1D support levels (6.12584 and 6.0866). If they break then 6.04 will be the Lower Low. Our TP is the 2nd support = 6.0866 and we will pursuit 6.0400 with SL brought down on profit zone.
GBPNOK is on a 1D Channel Down (RSI = 43.982, MACD = -0.036, Highs/Lows = 0, B/BP = -0.0375), and was just rejected on the soft Resistance (blue dotted line). 10.68907 is a strong 1D, 1W support and this is our TP. If it breaks then then downtrend will continue.
CHFPLN is on a strong 1D Channel Up (RSI = 58.946, MACD = 0.025, Highs/Lows = 0.0179, B/BP = 0.0545), rising after making a Higher Low at 3.66326. We are going long with TP = 3.81038 (previous Higher High).
Feeder Cattle (GF1!) hit a major 1W Resistance (149.75) and should reverse to test the 140.950 support. There is one last Resistance it may test however before falling, which is located at 151.925. We short with TP = 142.150.
USDHKD is trading within a 1D Rectangle (RSI = 55.573, MACD = 0, Highs/Lows = 0.0003, B/BP = 0.0018). We sell at 7.8489 and buy at 7.84225.
Clear and volatile Channel Down on 1D (RSI = 40.848, MACD = -0.540, Highs/Lows = -0.7486, BBP = 1.7720). Our TP is the previous Lower Low = 124.588.
The pair is falling within a low pace 1D Channel Down (RSI = 42.443, MACD = -0.005, Highs/Lows = 0). TP = 1.77326 and 1.76614 (with the latter the 1W support). 1.73888 can be pursued only if the SL is on profit margin as it is a multi year support.
The price is rising inside a clear 1D Channel Up (RSI = 60.030, Highs/Lows = 0.0211). The standard TP is the previous High = 4.34099. The next Higher High however is projected at 4.3700.
The price is trading on a long term 1W Channel Down (RSI = 40.487, Highs/Lows = -0.5657) which on since late January has formed a more aggressive 1D Channel Down (MACD = -0.120, Highs/Lows = -1.1779, B/BP = -1.3760) targeting a 72.939 Lower Low. 77.849 is working as the Resistance. Our short's TP is 74.089 and 73.00 in extension.