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The basic level of support is 7000. If the price drops below 7000 - there is a possibility to decrease price to 6000 ...
Red line - VERY strong line of resistance (the upper side of the triangle), in case of crossing it - we'll get a path to 14,000.
Decreasing volumes over two months indicates a decline in the flow of new capital, RSI in bearish zone, ADX shows ...
Now we see the return of bulls (but for a long time? :)). First(impulse) wave is forming.
The RSI points to the overbought market, indicating that the correction is approaching.
Probable level of of correction (by Fibonacci) is 9700. Then will decrease to 9000, or 8500.
After its completion, and with the continuation of growth, we get the formed pattern "inverted ...
"The whole game between $ 7,000, $ 5,800, $ 3,500."
There is a serious possibility of lowering to 4000 (in the future),
All depends on whether the price will cross 7000 (0.6 per Fibonacci), after that - the correction from 5800 (4th wave), and continuation of the decline from 7000 to 3500-4000 (5th wave).But if now the price will rebound from 7000 - it is a ...
According to Fibonacci, the nearest levels of support are 512 (1D) and 483 (1W).
Given the fact that the oscillators are oversold,
recovery after price rebound(from 483 or 512) is very likely.
Today we have a deep correction, began after two attempts to punch 12,000.
The price broke the 9500 - and we received a pattern of two tops, according to the price can drop to 7500 (9500-2000).
On the way down on 7850 (0.786 Fibonacci) there is a level of support,
RSI and stochastics are in the owersold area, so it is more likely to stop and reverse the movement ...
ETH is in bearish trend (deep correction).
We have two triangles: short-term (small) and long-term (large). At the moment, the upper side of a small triangle is broken bottom-up.
The price will move along the support line (lower side of the small triangle), and if it will cross the resist-line (the upper side of the large triangle), there is very likelihood that ...
According to "bat"(xabcd) pattern we can have 1200 at the beginning of february.
Head and shoulders(Inverted) pattern is forming.
In optimistic case - we can get 18 000 at the end of february.
From 12/27/17 we have down-trend. Till now it was five Elliott waves (1-2-3-4-5 impulse).
From 02/06/18 correction wave 1 had began.
Todays we are behind Rubicon.
If it will cross 12000$ level - correction(A-B-C) will turn into a wave 1 of up-trend (1-2-3-4-5 impulse).
If not - we will get finished correction(A-B-C),
and another down-trend impulse or ...
We should be prepared for new rally...
all on chart
By Elliott we can see, that now B-wave and possible going to end(17000, 18000). Then C-wave will come... That's why 13000 is not limit of this correction.
But on the other hand, the situation on the daily chart looks different...
As we can see, there are positive signs of the end of the correction.
But point C can bee point A...
As we can see, dash is on rising trend. It on third wave (by Elliott).
Correction will begin at 830 - (by Fibonacci tool).
RSI and Stoch(not crossing) coming to 80, - correction will begin soon(1-2 weeks).
In winter 2018 we'll get 1000! ;-)