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Bitcoin (BTCUSD) has made a 1D Double Bottom and seems to have priced the final low before a new rally that will take it to a new yearly high. The price is already on a 15 day high and it is an excellent time now to look at potential highs for this Cycle. As we've done in the past, we will rely on the long-term time-frames for a more meaningful illustration of...
Following the very accurate short-term buy signal we gave on NWCUSDT last week (see chart below), it is perhaps the most appropriate time to update our view as not only is the price technically testing the 1D MA100 (green trend-line) after a completion today of a 4H Golden Cross, but also fundamentally there are strong news empowering the project: **...
Advanced Micro Devices (AMD) is trading on its 1D MA50 (blue trend-line), still within the 10 month, maintaining its buy status. As long as the 1D MA100 (green trend-line) holds, we will be long and target the 165.00 All Time High (ATH). If the price closes a 1D candle below the 1D MA100, we will take the loss and open a sell, targeting the 0.5 Fibonacci level at...
Dash (DASHUSD) is testing today the 1D MA50 (blue trend-line) for the 4th time in the last 30 days. All resulted into rejections, and each failure cements the bearish trend inside the 6 month Channel Down. As long as this holds, we are bearish, targeting 27.500 (just above the June low). If the price breaks above the top (Lower Highs trend-line) of the Channel...
The S&P500 index (SPX) is within a corrective wave in the form of a Channel Down, which may have found a Support on the 4H MA200 (orange trend-line) but as long as it trades below the 4H MA50 (blue trend-line), it remains bearish. As a result our target is 4430 on a potential contact with the 1D MA50 (red trend-line). If however it closes a 4H candle above the 4H...
WTI Oil (USOIL) almost hit today 83.50 (Resistance 1), which was the April 12 High that caused a rejection on the 1D MA200 (orange trend-line). The 1D MA200 is now long broken, so any 1D candle close above Resistance 1 will be a bullish break-out targeting Resistance 2. In that case we will buy and target 93.00. Until it breaks though, especially after an initial...
The EURUSD pair got rejected at the top of the Channel Down, which keeps the trend bearish. This is the first bearish formation after our July 10 buy signal (see chart below) that formed the temporary High: As long as it stays below the Channel's Lower Highs trend-line, we will be bearish, targeting 1.08450 (above Support 1). The 4H RSI however is on Higher...
Gold (XAUUSD) broke below its 1H MA50 again (blue trend-line). Within the 2-week Channel Down pattern on this chart, every time the price broke below the 1H MA50, it continued to a Lower Low. With the 1H MACD also under a Bearish Cross formation, this is a clear technical sell signal and below Support 1 (1925) is Support 2 (1912.60) for a potential Lower Low. We...
Bitcoin (BTCUSD) just completed a new Golden Cross pattern, this time on the 3D chart. Naturally the price is trading above both the 3D MA50 (blue trend-line) and 3D MA200 (orange trend-line). In the previous 2 Cycles, once the Cross took place, the 3D MA200 turned into a Support (technical exception of course is March 2020 and the COVID crash, which is though a...
PulseChain (PLSUSDT) has formed a huge Inverse Head and Shoulders pattern (IH&S) from a very deep level, and sits on a vastly oversold 4H LMACD Bullish Cross formation! This is technically a very strong bullish reversal pattern that is aiming initially at the 0.0001050 Resistance, however we will first pursue a 1D MA100 (green trend-line) contact at 0.0000900 and...
The EURGBP pair is trading within a Channel Down pattern since the February 03 High and right now is attempting to make a rebound on the 1D MA50 (blue trend-line). The Resistance from the recent High is at 0.87025 (Resistance 1) and is near the spot we expect the next rejection to take place as it is also where the 1D MA200 (orange trend-line) is. We will use that...
The NewsCrypto coin (NWCUSDT) is having a strong day so far making an attempt at the 1D MA50 (blue trend-line). The project has overall huge upside potential and our thesis is that it's a long-term investment. Regardless of the long-term, the solid latest fundamentals, call for an immediate buy, and potentially a +25% rise from the current levels. Let's have a...
The alt coin market (TOTAL2) following April's break-out above the Falling Wedge of the Bear Cycle that started in mid 2021, has pulled-back, tested both the 1W MA50 (blue trend-line) and 1M MA50 (red trend-line) as Supports. Currently we are seeing the 1W MA50 holding, having closed the last 6 candles above it. The technical Resistance is the 1 Year Zone within...
The Bank of America Corporation (BAC) got rejected again on its 1W MA50 (blue trend-line), a level that has been acting as a Resistance since the March 2022 break-down. This has created a Lower Highs trend-line that is the key pivot level now. But before that, let's see how it's been trading on a +10 year basis. As you see on this chart, ever since the November...
The AUDUSD pair has been trading within a Channel Down pattern since the February 02 2023 High and the rejection on the 1W MA100 (red trend-line). Since June 16 however, it formed a short-term Rectangle pattern, which today broke below its 0.65950 Support 1. We will trade this depending on today's 1D candle closing. If it closes above the 0.65950 Support and back...
Litecoin (LTCUSD) is having its 3rd Halving event in less than 5 hours from the time this analysis was constructed. The question on everyone's mind is how will this affect the price action? Will it be bullish or bearish? A reliable way to answer this is by looking into the past events and how those affected LTC. The previous two Halvings were on August 05 2019...
Bitcoin (BTCUSD) has been extending its recovery since late November, following the FTX crash but is doing so on a Decreasing Volume. In fact the volume is currently on historically low levels. Decreasing volume is associated with easy price manipulation and rightly so it is getting a lot of market participants worried as during rallies it tends to make the trend...
The USDCHF pair made a strong rejection near the top of the Channel Down pattern and hit our 0.88250 sell target as illustrated on our analysis 2 months ago (see chart below): The price is now rising again, after nearly the -0.5 Fibonacci extension for a Lower Low (same as the May 04 Lower Low). The most optimal sell entry is within the 1D MA50 (blue...
