Standard Channel Up on 1D (RSI = 60.481, Highs/Lows = 0.0701). The Higher High is near 5.0400 but we will take a less aggressive (in accordance with the low MACD = 0.024, B/BP = 0.0699) long with TP = 5.000.
The 1D Channel Down (RSI = 35.882, BBP = -1.8840, MACD = -0.610) is moving lower towards a new Lower Low (Highs/Lows = -1.4264) near 141.269. Medium term short (TP = 142.00).
As expected the 2 session sideways trading projection was over and BTC moved to a new High = 6,826.8 on 1H (RSI = 67.099, MACD = 51.500), breaking the Lower (soft) Resistance level (blue dotted line). It does however remain under the 1D Channel Down (Highs/Lows = -41.6720, BBP = -144.8180) selling pressure, but see how the blue arrow is driving it towards the next...
TP = 0.046047 hit as the 1D Channel Down (RSI = 31.543, Highs/Lows = -0.0062, BBP = -0.0119) extended to a new Lower Low. The current support is the 0.039841 March 11 contact point, with March 22 = 0.034219 and Narch 09 = 0.030110 just below supporting on a 1W level. There may be two similar Rectangle patterns on 4H, so after a quick consolidation, we expect the...
The price hit all downside targets (1.6223, 1.5169 & 1.3417) as it continues to trade within the very rigid bands of the 4H Channel Down (RSI = 36.191, Highs/Lows = -0.0144, BBP = -0.0610). The next obvious TP is the 0.9132 1W Support (MACD = 0). Since 1D however is oversold on STOCHRSI = 4.819, STOCH = 10.065 and Williams = -95.801, we expect a slow pace.
With 5H essentially neutral (STOCH = 52.525, STOCHRSI = 45.918, Highs/Lows = 0) but still inside the 1D Channel Down (RSI = 33.939, MACD = -484.800, BBP = -676.6720), there is nothing further to incorporate to the previos analysis. The 2 session sideways trading projection on that is over, so we should see some divergence starting from today (most likely to...
TP = 0.1443 hit, as the 1D Channel Down (RSI = 34.874, MACD = -0.025, B/BP = -0.0337) was rejected off the latest 0.208611 Lower High (Highs/Lows = -0.0217). As expected it hit the cross of the Pivot Point and the first support (dotted blue line + green line). After a short consolidation expected on the 4H level (seen on the circle) on neutral CCI, Highs/Lows, we...
After Wednesday's 6,125.7 Bottom formation, yesterday's 1D candle closed on an Engulfing Bullish reversal, managing to turn around 4H (B/BP = 61.2563, Williams = -36.863). This has clearly formed a rebounding Channel Up (yellow lines) that has already found Resistance at 6,700 (Resistance levels on this rebound are noted on the dotted Blue lines). As expected,...
USDNOK has tested the support zone on a potential 4H Head and Shoulers pattern (RSI = 33.821, MACD = -0.021, Highs/Lows = -0.0123). It is now in the process of forming the right shoulder. We go long: TP 8.12285.
DKKJPY just gave a Lower High on the 1D Channel Down. We are shorting: TP1 16804, TP2 16.449.
First test of 06 February's bottom (6,000) with a 1D low yesterday at 6,125.7. The volume continues to grow (45.58K), indicating a sustainable (bearish) trend on the 1D Channel Down (RSI = 31.391, Highs/Lows = -635.4209) assuming 6,000 breaks. If not we expect 1 - 2 days of consolidation within or near the 6,000 - 6,432.4 1W support zone, before a first test at...
TP set: 0.27022, 0.2479 and 0.2153 hit, as the price moved exactly within the predicted 4H Channel Down (MACD = -0.016, Highs/Lows = -0.0139, B/BP = -0.0448). With RSI = 21.212, STOCHRSI = 16.729 and ADX = 78.629 now oversold, we expect a Lower High to be attempted near 0.2300. We will continue shorting for the next Lower Low near 0.17116709. TP = 0.1800.
As seen on the chart, the price broke the 1W support (106.323) after a 2 day consolidation. This bearish break out on 4H has created a new Channel Down (MACD = -5.800, Highs/Lows = -7.8064, B/BP = -18.1400), parallel to May's main channel and has already crossed the Sep 2017 contact point. Given the oversold status on RSI = 20.428, STOCHRSI = 8.840, ADX = 80.343,...
Since the last update, EOS eventually entered the projected Channel Down and even hit 10.100 (S1) earlier than expected. The aggressive dive brings the price on short distance from out first TP (8.841). The 4H Channel Down (RSI = 28.270, STOCH = 25.411) appears to have priced a Lower Low much earlier (Highs/Lows = -0.5396) and needs to consolidate in order to...
Ripple is stranded within its 4H Support and Resistance levels (0.53866 - 0.70894) and given the High Volatility on 4H (ATR = 0.0231), a multi session consolidation is expected. This will create a Rectangle pattern on neutral RSI, Highs/Lows and we will scalp it for the next 15 days. Keep in mind that the underlying long- term trend is still bearish on both 1D...
TP1 = 487.07 (April 14 support) hit although the price diverged some from the Lower High limits on the 1D Channel Down (RSI = 32.885, Highs/Lows = -63.6106). As expected a new 4H Channel Down has been created (Highs/Lows = -17.6836, RSI = 28.923, MACD = -23.070) that aggressively hit the target and 1st support (487.07). As you see by the blue dotted line (soft...
The price has just tested the upper layer of the 6,000 - 6,432.4 1W support zone for the first time since April 01, technically completing this bearish leg of the Triangle pattern (RSI = 43.291, MACD = -127.000). We are still assuming no (short) action until either 6,000 breaks or the 0.618 Fibonacci retracement levels (8,327.90 - 8,719.20) are tested. Based on...
The pair is reversing inside the 1D Channel Down after a Lower High at 1.74810. Our short targets are 1.70557 and 1.67542.