Support and resistance can be found in this blue wedge type pattern as price falls. The previous historical low around $198 has been breached to the downside, which brings in the next area of support around $175 (a significant low from last year). The validated break below the blue 61.8% sets up a full retracement opportunity near $138. Sentiment remains...
The 61.8% level marked on the chart was once support (area of buying interest), but now is resistance (area of selling interest). This retracement level is actually critical resistance this week that needs price to bust to the upside with some buying momentum to back it up. This is what is needed to get BTC out of the sideways to lower pattern that has formed. ...
This latest drop in BTC has surpassed the latest 61.8% level to the downside ... might be gearing up for a full retracement. I am jumping on the back burner for now.
Internal trend momentum is just starting to build for the bears at the downside break of the blue 61.8% Fibonacci level. This puts a full retracement (back to previous low) opportunity in from of us to buy lower. The break of the minor trend line has the objective just underneath previous low (see black arrows). Buying recommendation is somewhere inside the...
NEO (charted in dollars on Tradingview) is still consolidating, but trying to overtake resistance around the red 50-day exponential moving average. The first sign of life for the bulls is the ADX starting to level out and likely turn to the upside inside a 20-30 trend strength zone, but the RSI has moved higher without a lot of buying interest relevant enough to...
I made a funny last week saying this was a triple ZZZZZZZ formation. But I think it is :) Momentum for trend has died. The positive and negative directional index lines have knotted up to show trend staying flat and neutral. To make things worse, the Average Directional Index (ADX) line is decreasing at the same time. More consolidation ahead for the XRP...
$7,495.10 is the golden ratio line to watch this week as key resistance. The black arrow marks an intersection of the bearish dotted trend line and the blue 61.8% Fibonacci level. This intersection is the spot where resistance is likely to be tested, but can price break to the upside this week? The last time a key 61.8% Fibonacci level was tested the market...
Just another reason to move US dollars to crypto!
Wake me up when either support or resistance breaks!
On March 28, 2003, the first gold-backed ETF, developed by ETF Securities, was launched. ... The first gold-backed ETF in the United States, the SPDR Gold Trust GLD, +0.46% launched on Nov. 18, 2004. The years after that were Parabolic! So long after any sure announcement :)
Trend line A was busted to the upside and price reached the previous high to find a wall of sellers. There was some buying interest added to the market on the break, but not a ton of momentum so the previous high was tested and profit-taking set in. Price is on a typical throwback to trend line A, which now should act as support (or an area of buying...
Critical Resistance: $6.490 Key Resistance: $5.650 Key Support: $4.670 Critical Support: $3.872 This EOS market busted through a near-term dotted trend line to the upside, but with not a ton of momentum to back it up (yet). The Average Directional Index (ADX) line has slipped lower, but is still in a trend building zone. The green positive...
Critical Resistance: $27.95 Key Resistance: $22.46 Key Support: $13.68 Critical Support: $3.74 NEO (charted in dollars on Tradingview) is still keeping some strength for the bears with an elevated ADX and negative directional index lines. The black ADX line, which measures trend strength, has slipped lower but remains inside a...
Critical Resistance: $0.2458 Key Resistance: $0.2301 Key Support: $0.1943 Critical Support: $0.1802 Price tested the 61.8% Fibonacci critical resistance level a couple of weeks ago. This line became a key area of selling interest and now becomes critical resistance moving forward. The red 50-day exponential moving average is now our key...
Critical Resistance: $0.39042 Key Resistance: $0.37418 Key Support: $0.31027 Critical Support: $0.24653 Momentum for trend has died. The positive and negative directional index lines have knotted up to show trend staying flat and neutral. To make things worse, the Average Directional Index (ADX) line is decreasing at the same time. More...
Critical Resistance: $358.00 Key Resistance: $321.10 Key Support: $249.93 Critical Support: $198.00 ETH broke critical support back in late July, which now becomes critical resistance to watch at $358. Bears are still in control of trend with the red negative directional index line in control. Momentum for the bearish trend...
Critical Resistance: $7,685.20 Key Resistance: $7,000.00 Key Support: $6,245.00 Critical Support: $5,755.00 Consolidation is key again this week. The Average Directional Index (ADX), which measures trend momentum, is slipping lower signaling a neutral trend for the week. Looking closer at the historical ADX line, the last couple times the...
The XRP price bounced from a low of .24653 earlier this month to reach a high of .37418. This high and low puts near-term support at the 61.8% level, or .29529. The RSI came up out of an extreme oversold condition last week, but did not break the blue line of resistance marked on the RSI indicator. This hold on the RSI was happening at the same time price was...