Dogecoin has been correcting on Lower Highs and Lower Lows ever since the May 2021 All Time High (ATH). Trading below its 1W MA50 (blue trend-line) for 3.5 months, it is obvious that this was its new Bear Cycle. The first indicator though that this may be coming to an end has just flashed. That is the 1W RSI which entered its Support Zone of 38.000 - 33.000 for...
The U.S. Dollar Index (DXY) has been trading sideways since the March 07 High. This is no unfamiliar territory for the USD as it has last consolidated from November 24 to December 28 2021. The sequence that preceded that consolidation (green) both in price action and 1D RSI terms, is similar to the one that precedes the current consolidation. The former...
Two fractals of now (2021/22) and then (2015/16), two different time-frames (3D and 2D respectively). It is evident that price-wise the two sequences look the same. The MA50 (blue trend-line) is the Resistance, when it broke in 2015, the rally of the recovery started. A Higher Highs trend-line on both. However, the RSI in 2015 has been on Higher Highs too but...
The pair has been pulling back again following a short-lived rebound above the 4H MA50 (blue trend-line) in March 09. The new structure is similar to the bearish patterns of January 14 - 26 and February 04 - 23. Both ended up testing at least their 1.786 Fibonacci extension, since they failed to make a Higher High above their Top. Ahead of Wednesday's Fed Rate...
ADAUSD (Cardano) has been trading inside a Channel Down ever since its September 02 2021 All Time High (ATH). That is a significant amount of time it has been on a bearish trend and the pure structure of this Channel Down, doesn't seem to allow much room for hope, at least not yet. Right now the price appears to have formed a bottom ever since the February 24...
Gold has been trading within a Bullish Megaphone since the February 03 Low. At the moment, the price is testing the bottom (Higher Lows trend-line) of the Megaphone for the first time since February 25. This is exactly where the 4H MA100 (green trend-line is). In RSI terms, the 40.500 level has been supporting the Higher Lows since the start of the Megaphone, but...
This is a long-term macro-economic chart on the 1M (monthly) time-frame, displaying Dow Jones (top chart) and the U.S. inflation rate (bottom chart). An interesting, yet alarming, correlation can be found on a decade-long horizon by comparing those two. As you see, the three previous times that the inflation rate made a Higher Highs pattern, Dow entered a +10...
The Binance Coin has been forming a bottom pattern since the January 22 low, in a similar fashion as the May - July 2021 bottom formation. As this 1D chart shows, the 2021 bottom sequence came to an end when BNBUSD closed a 1D candle above the 1D MA50 (blue trend-line) for the first time in more than 2 months. At the same time, the MACD indicator (bottom of the...
On this analysis I am taking Bitcoin's price action since it first started trading. I've used the Fibonacci Channel extensions to identify any possible correlations with how its Logarithmic Growth curve (the parabola that fuels BTC's growth on each Cycle) is shaped over the years. I've made several publications on why the +.382 Fibonacci extension roughly...
I haven't made an analysis publicly on Apple since my September 14 2021 idea: It was when I first made public of the long-term Channel Up it was trading in and warned about a correction towards the 1D MA200 (orange trend-line), which has been the stocks major Support since the...
The USDJPY pair is on a strong bullish break-out this week, having recorded an absolute 5 day green 1D candle streak. The 1D MA50 (blue trend-line) is supporting while the 1D RSI is about to break the Lower Highs trend-line started on October 20 2021. Last time the 1D RSI broke above a similar Lower Highs trend-line, was in September 23 2021. Interestingly...
The KuCoin Token got rejected early this month (March 01) on its Resistance Zone (1) that is holding since January 16th, practically almost 2 months. The symmetrical Support (1) held on March 07 but the rebound was short-lived as it got rejected on the 4H MA50 (blue trend-line). In our opinion, this holds the key for the coin's immediate price action. If the 4H...
The S&P500 index is ahead of a Death Cross on the 1D time-frame that can't be avoided. This is technically a very bearish formation, which is formed after a series of selling and suggests that more is coming. Reality though may be different some times, especially in the stock markets, so let's see how this signal has traded historically. As you see on this 1D...
Another fractal analysis on Bitcoin. This time I compare today's price action on the 1D time-frame versus the February - April 2020 price action on the 12H time-frame. The reason for the difference between time-frames is the rate of variability. Due to the COVID flash crash of March 2020 and the equally fast and impressive recovery of the global markets due to the...
IDEAUSDT has been very hot as of late, rising non-stop since the February 24 low. Right not it is testing the 1D MA200 (orange trend-line), on a highly important test as it has failed to close above it since December 27 2021. The good news is that the price broke above the Lower Highs trend-line that has been rejecting the uptrend attempts, as per my previous...
EURUSD has been among the major losers of the Ukraine - Russia war and this has accelerated the bearish trend towards a Higher Lows trend-line that has been holding since late 2016. This chart illustrates the pair on the 1W time-frame but with the CCI indicator below on the 1M (monthly) time-frame. This analysis manages to display the pair's long-term cycles and...
The US10Y is following exactly the pattern of October - November 2021. After a strong Channel Up, it broke to the downside, below the 1D MA50 (blue trend-line) and marginally under the Support of the Channel Up first Low. Based on the November pattern, the price should decline for the rest of the month, making a Lower Low below the Support and quite likely near...
GOOG has been trading around its 1W MA50 (blue trend-line) for the past weeks. The Ukraine - Russia war has managed to keep the stock on those low levels, longer than it should but this is a position Google is familiar with. Ever since the beginning of its trading, the stock has been experiencing phases of growth and then pull-backs to the 1W MA50. Only during...