InvestingScope

InvestingScope

Today's 7,756.3 session high on a strong Three Outside Up 4H bullish candle (highest volume in a week) restores some Channel Up bias on 4H (RSI = 57.450, Highs/Lows = 85.2339, B/BP = 163.1428). However we can only expect a continuation if the June 3th = 7,777.4 High is broken. The most important test are the two Resistance points: 7,828.80 and 7,923.60 (0.50...

InvestingScope

TP = 0.70894 hit as the bullish break out from the 4H Channel Down was confirmed (RSI = 60.049, MACD = 0.013, B/BP = 0.0187). The price made a first rejection on the obvious 0.70894 Resistance, with two more attempts remaining. A third failed will result in a bearish break out first towards 0.53866 and then 0.46014. However the most likely scenario is to break...

InvestingScope

The price successfully made a Lower High on the 1D Channel Down (MACD = -16.120) and should be now rejected on the critical 609.80 point (RSI = 48.286). If it breaks to the upside then the pattern is nullified and we will look for alternative scenarios. However the most likely outcome is a new bearish 4H Channel (ROC = -2.615, ADX = 37.058) within the 1D Channel...

InvestingScope

After yesterday's rejection a strong Three Inside Up bullish 4H candle pushed the price back over 7,600 again (STOCH = 52.471, CCI = 17.2426). This sideways movement, without an apparent direction for the short term, establishes the new Channel Down on 1D (RSI = 44.393, MACD = -253.100) within the blue dotted lines. If we look for similarities with the 2014/ 2015...

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It is now completely clear that after the price was rejected off the first important 1D Resistance at 7,828.70, the 4H Channel Up broke downwards (Highs/Lows = -135.4875, BBP = -265.8520), due to the significant selling pressure applied by the 1D Channel Down (RSI = 40.435, MACD = -280.400) on the resisting (dotted) trend line. We are shorting now (TP = 7,100),...

InvestingScope

The pair is trading on a medium term 1D Channel Up (RSI = 58.436) on slow pace (MACD = 0.018, Highs/Lows = 0.0216, B/BP = 0.0626) since the 5.9500 bottom. The dotted lines are supports and long entries. Our TP = 6.2500, ext = 6.2800.

InvestingScope

After breaking the 1D Channel Up (Highs/Lows = -12.9821, MACD = -1.170), Corn just bounced off the first important support at 380. We will either see a strong rebound here (long with tight SL, TP = 392.40) or if 379 breaks, it will look for the 372.20 support (TP = 374).

InvestingScope

As seen on 1D, Platinum is on a clear Channel Down (Highs/Lows = -1.8536, BBP = -6.7500) and has just been rejected on a new Lower High near 915. 878.128 is a strong support and that is our TP with 852.737 in extension (for extension SL will be moved to profit zone).

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Tron is on a clear 1D Channel Down (RSI = 40.265) with oversold momentum (STOCH, STOCHRSI, Williams) but on an slow pace (MACD = -0.003, Highs/Lows = -0.0041, BBP = -0.0088), meaning that after hitting the 0.064052 Resistance it is consolidating before the next leg down. This consolidation will soon be evident on 4H as we estimate 4 indicators will turn neutral....

InvestingScope

IOTA was aggressively rejected off the 2.0330 Resistance on 1D but has now found an equally strong support at 1.6999. 4H suggests that it will trade sideways for a few candles (neutral RSI = 46.406, ADX = 33.708, Ultimate Oscillator = 49.275) but the underlying trend on 1D indicates a continued downtrend from here (MACD = -0.027, ADX = 35.273). Our TP = 1.5169 and 1.3417.

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Cardano complied to the Lower High scenario of the Higher resisting trendline (seen in yellow) and made a Higher Low near 0.24000. Now the underlying bearish trend of the 1D Channel Down (RSI = 43.365, ADX = 35.936) will push for a Lower Low and our target is 0.1443. Eventually a test of the 1W support = 0.1217 has to take place.

InvestingScope

Although the price didn't extend as low a 0.2154, the 4H Channel Down broke as expected to the upside (STOCH = 67.110, RSI = 52.403), reaching (and breaking) the 0.50 Fibonacci retracement level at 0.2907. Since it found significant Resistance on the 0.618 Fibo at 0.31132 and was rejected, we expect a 2 week downtrend again (and potential Channel Down) below...

InvestingScope

The price was rejected off the first important 1D Resistance at 7,828.70. However since the 1D Channel Down broke (STOCH = 63.677, B/BP = 55.2818, Highs/Lows = 0), the price will first move to test the next Resistance at 7,928.10 where a strong resisting trend line (dotted) awaits. We intend to place three separate short orders: 7,928.10, 8,180.90 (0.382 Fibo) and...

InvestingScope

The price has found an excellent cushion level just above the 106.323 1W support since our last analysis. You see that the Fibonacci levels are working to perfection in determining the Lower High, which each time is located just above the 0.5000 extension (check the yellow horizontal rays). 1H is already picking up on pace (Highs/Lows = 0.2079, B/BP = 1.1320) as...

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As shown last time, EOS is replicating the January - March 4H candle cohesion and the sideways trading sequence since May 26th (neutral RSI = 50.763, STOCHRSI = 49.755, CCI = 30.7903, Highs/Lows = 0.0000), largely confirms this expectation. We expect the price to start entering s controlled decline on 1H (already MACD = -0.019, ROC = -0.0091, B/BP = -0.1710) as it...

InvestingScope

Ripple found support on the Horizontal ray from the March 18th Lower Low and based on that support made a break out on the current 1D Channel Down (RSI = 42.664 on neutral CCI = -46.1905, Highs/Lows = 0.000). With 4H picking up on bullish pace (STOCH = 71.541, B/BP = 0.0120), we can expect 0.65154 until Friday. Since the 1W support is located just below = 0.46014,...

InvestingScope

Ethereum is on a clear 1D Channel Down (RSI = 42.411, MACD = -28.370, BBP = -69.0840) since the 721.07 Lower High (Highs/Lows = -15.2043). The drop for the next Lower Low will either take place now or at 609.80 (both short entries). Based on the 4H ADX = 28.911 the TP1 is 487.07 (April 14 support) but the technical Lower Low and TP2 is 420.31. The last target is...

InvestingScope

Platinum is trading on a long term 1W Channel Down (Highs/Lows = -12.1143, B/BP = -36.7780, MACD = -13.210) that started off in late January and has just priced the latest Lower High near 915. With 4H neutral (RSI = 50.443, Williams = -46.789) around the blue line, we expect the decline to a new Lower Low to start soon. The TP is at least the previous Lower Low at...