The blue bearish trend line that was busted to the upside back in April set an upside objective target marked with arrows. The bullish run reached the objective last week. This likely finished off a 5 leg motive wave where selling interest was found. The market looks to be in a corrective mode now where shallow Fibonacci levels are likely the downside target...
Critical Resistance: $0.4824 Key Resistance: $0.3741 Key Support: $0.2465 Critical Support: $0.1852 Momentum for trend was trying to kick higher with an elevated Average Directional Index (ADX) line, but the line is decreasing at the same time the directional index lines are knotting up and diving lower. This is a sign for more consolidation to...
Critical Resistance: $27.95 Key Resistance: $22.46 Key Support: $13.68 Critical Support: $3.74 NEO (charted in dollars on Tradingview) is still building strength for the bears with an elevated ADX line. The black ADX line, which measure trend strength, has continued to move higher. This is a sign for selling interest to keep...
Critical Resistance: $358.00 Key Resistance: $321.10 Key Support: $249.93 Critical Support: $198.00 Bears are still in control of the ether market (red directional index line is elevated). Momentum for trend still has strength (Increasing ADX, which measures internal strength for trend) and no new buys should not be considered...
This market still has a tug-of-war going on with a bullish divergence in the RSI indicator and the bears in control of the near-term trend. Look for a break above the red 61.8% level before considering any buys. However, any new buys here should consider a protective stop below the blue horizontal line previous low. Look for more range-bound trading between $6K...