Ethereum retraced from highs with the rest of the crypto market. We saw a large selling candle with a wick that extended down to our support level at $4450 on the dot. We have since regained strength and are just above our level at $4670. We are currently hovering just below highs at $4858. After such a huge rally, it is likely to see some sideways correction...
Bitcoin dumped at highs, but has found support exactly at the levels we identified yesterday. In particular, we saw good support at $64.3K, even though the wick on the selloff candle brought us down to $62.4K or so. The Kovach OBV is oscillatory, so we anticipate some ambivalence here. Watch for resistance at $66.3K then $68.6K. The crypto market was starting...
The US dollar has caught a significant bid with yields, likely off inflation fears. Previously, we had dipped back to 93.82, and we have identified this as a strong level of support, confirmed by green triangles on the KRI. This was the perfect entry point to a long trade, as we have smashed through 94.18, 94.45, then 94.77, all targets we identified yesterday. ...
Litecoin has been ripping, outpacing the other cryptocurrencies, and solidifying its spot at number 14 on Coinmarketcap. There does not seem to be much news specific to Litecoin, but investorsdo seem to like the fact that the coin is well adopted, and has a lot of consumer applications in the pipeline. This is actually the reason we still cover LTC in our...
Ethereum has retraced a bit from highs, finding support just above our level at $4616. This was the exact level we anticipated support in the last report. We are seeing several green triangles on the KRI, suggesting ETH is getting good support from this level. The Kovach OBV is still pretty strong, but has leveled off suggesting that we may range a bit at...
Bitcoin has pulled back from highs, but is holding a narrow range, finding support at our level at $66.3K. This is the exact level we identified yesterday. The Kovach OBV has waned a bit suggesting momentum has petered out in BTC for now. If that is the case, then the current range should hold, but if we break down further, anticipate support at $64.3K, then...
Stocks have retraced from highs just below our target at 4729. We have been warning you that a retracement was becoming increasingly more likely for several days now. We are finding strong support just above our level at 4649, and several green triangles on the KRI confirm this. After that we will see support from a nearby level at 4632, then we have a vacuum...
Litecoin has soared past yesterday's highs, sailing through vacuum zones and has established new relative highs in the $250's. Just a few days ago, we were talking about support in the upper $100 handle. We are currently testing $251, but a red triangle on the KRI has suggested that we potentially may have topped out for now. We are due for a consolidation or a...
Ethereum has continued to rally, currently just below our next target at $4858. We are starting to encounter a series of red triangles on the KRI showing that perhaps this rally is increasingly meeting resistance. Currently, the Kovach OBV has dipped sharply, which may indicate that a consolidation or retracement is near. If so, we anticipate it to range...
Bitcoin has soared to new highs, touching our profit target at $68.6K perfectly, before a slight retracement. Currently, it is consolidating just below this level. It is reasonable to expect a bit of retracement or ranging at this point, after such strong momentum and new highs. From below, $66.3K should provide support, then $64.3K. The Kovach OBV is very...
The DXY has retraced notably from highs at 94.45 or so, to support in the lower 94 handle. Currently, we are struggling to maintain 94.00 and are flirting with this level at the time of this writing. We appear to be getting good support from 93.82, as confirmed by a green triangle on the KRI. We anticipate 93.82, but if not, there is a vacuum zone down to...
Stocks have topped out just under our next profit target at 4729. We are seeing several red triangles on the KRI, suggesting that they are finally meeting resistance. The S&P 500 appears to be consolidating between 4693, and 4729. The consolidation is healthy, as we have been rallying since October, and were starting to look hyperbolic. We do appear to be...
Stocks ain't got time for coronavirus, trade tensions with China, or riots and civil unrest in the United States. The S&P has broken out from an inverse head and shoulders pattern and solidly established new monthly highs. This is most likely the beginning of a new Elliott Wave impulse. Both Kovach momentum indicators are very bullish at this point, so wait for...