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Kovach

Can Litecoin Regain the $100's??Litecoin has fallen from the $100's breaking into the $90's once more. We saw several attempts to test $105 again, each of which we thwarted and resistance was confirmed by red triangles on teh KRI. The Kovach OBV has leveled off so we don't expect much action in LTC, however it is trying to regain $100, currently hovering about this level. We found support just above $94, and expect this level to hold if tested again. If we can somehow rally, $105 and $114 are the next targets.
BITSTAMP:LTCUSDShort
by quantguy
Bitcoin Facing ResistanceBitcoin has fell from the $40K's to the value area between $38K and $40K. We made a run for lower values but found great support at $37.7K. We are currently seeing a lot of resistance above confirmed by multiple red triangles on the KRI. Indeed, $40K should provide a barrier for now, but if we are able to break through, then we have two strong levels in the $41K's which makes this the next target. If we break down further, watch the vacuum zone to $34.9K. The Kovach OBV is pretty flat, so anticipate more ranging, though the risks remain to the downside.
BITSTAMP:BTCUSDShort
by quantguy
1
Oil Still Incredibly StrongOil has blasted through our profit target of $122. It seems that we have to update our profit targets for oil on a daily basis. After it smashed $122, a wick made it as high as $130 before retracing. It then fell to $116, where a green triangle on the KRI confirmed support. Currently, we are seeing perhaps a bull wedge forming with an upper bound at $122. If we see more momentum come through, then $132 is our next target. With the West in the process of banning Russian oil imports, we have no reason to believe prices will drop, however $110 and $106 are the next levels below to provide support.
NYMEX:CL1!Long
by quantguy
2
Stocks Test LowsStocks have opened in the red this week. The S&P 500 has retraced almost the entire range, from 4408 down to 4144, just a few points away from the relative low at 4122. We are currently seeing a nice pivot from that level confirmed by a green triangle on the KRI. However the Kovach OBV is still quite bearish. The key level to watch is 4122. If this fails to provide support, then there is a vacuum zone below to 4068 and 4009. If we somehow catch a burst of momentum, then 4392 is the next target.
FX:SPX500Short
by quantguy
Litecoin Drifts to the Low $100'sLitecoin has rejected $114 as we anticipated yesterday. The price action was quite weak, with low liquidity and red triangles on the KRI at this level. Subsequently, as anticipated, we retraced to support at $105, with $101 to provide further support should $105 not hold. Note the vacuum zone to $94 if the $100's do not hold. The Kovach OBV is weak, but stable, suggesting the current range is likely to hold. If LTC makes a run for highs, $114 is likely to be a ceiling for now.
BITSTAMP:LTCUSDShort
by quantguy
Ethereum Slices Through Support LevelsEthereum has rejected its attempt for the $3K's. We saw strong resistance at $3K, with several red triangles on the KRI and a rounding top in the price action. We have sliced through three major levels with the selloff in a stairstep type pattern. We broke $2852 and $2762 with ease and currently appear to be making a run for $2651. The Kovach OBV is arching down, but we might bottom out soon. If so, $2651 or $2556 are good candidates. If we somehow rally, then $3K remains a barrier.
BITSTAMP:ETHUSDLong
by quantguy
Bitcoin Stumbles, Finds Support at $41KBitcoin has retraced from $45K to find support at $41K. This is exactly what we predicted yesterday. Bitcoin was having a great deal of trouble with $45K, with the price action rounding off, and several red triangles on the KRI confirmed resistance there. We seem to be getting good support at $41K, but if it fails, we will surely see further support at $40K. There is a vacuum zone back to $38K, which has been well established in these reports, and dedicated readers should recall this well. The technical level of $38K is also a major Fibonacci on the day level, so keep this in mind. If we somehow can muster the strength for a rally, $45K will surely be a barrier for now.
BITSTAMP:BTCUSDLong
by quantguy
3
Dragon Head Pattern in Oil!! #OOTTOil has topped out at $116, before retracing to $106. This is 1000 tick spread which is formidable, even for oil. But that is to be expected with this rally of historic proportions. We appear to be forming a possible dragon head pattern, and are currently exhibiting volatility between $106, and $110. The Kovach OBV has been meteoric lately, but has since arched over with the pull back. we don't have any reason to expect much of a retracement, but there is a vacuum zone below to $100. We must first break $116 before considering our next profit target of $122.
NYMEX:CL1!Long
by quantguy
Stocks Cautious as War Rages OnStocks have been feeling out the 4300's and low 4400's. We made a brief attempt to test 4400, which was quickly thwarted by 4408. It seems that the war between Russia and Ukraine is still instilling market participants with trepidation, especially after Russian forces attacked a nuclear power plant in Ukraine. The S&P 500 has since rejected highs and tested lows of the value area at 4272. From here we could test highs again, but will have to break 4408 in order to consider our next profit target at 4440. From below, if we break 4272, then 4122 remains our anticipated floor, but we will likely see support at 4230 first.
FX:SPX500Long
by quantguy
Gold Edges HigherGold is steadily uptrending but meeting fierce resistance. We appear to be forming a bull wedge with 1956 as an upper bound as a 1956. There are several levels above this to provide resistance and after that there is a relative high at 1973 or so which is sure to provide resistance. The Kovach OBV is steadily trending up suggesting a slight bull bias. But if we reject current levels, then 1936 will provide support, but we could test as low as 1895, which is our floor for now.
COMEX:GC1!Long
by quantguy
Three Reasons Not to Get Excited About Litecoin 🥱Litecoin continues to hold the range between $105 and $114. Currently, we are drifting below this upper bound at $111 or so. The Kovach OBV is edging down, suggesting there is little or no buying in LTC at this point. When we see that combination of lack of buying interest, a hard upper bound, and a bear bias to the indicators, we can expect lower prices, unless strong momentum comes through. If so, then we still must break $114 in order to see $120. Otherwise, $105 should continue to provide support, then $100 if that fails.
BITSTAMP:LTCUSDShort
by quantguy
1
Ethereum Struggling with $3KEthereum has made multiple attempts to reclaim the $3K handle with every attempt rejected. We are seeing the price action round off, with several red triangles on the KRI at $3042, suggesting this is a top for now. Unless more momentum comes through, we may see another dip to lower prices, like $2762 or $2651. However, we are seeing good support from $2852, which we anticipate holding for now. The Kovach OBV has dropped off a bit, dampening hopes for a bull breakout.
BITSTAMP:ETHUSDShort
by quantguy
Bitcoin Still Struggling with $45KBitcoin has made multiple attempts to break $45K, but every attempt has been thwarted. Wicks reject higher levels every time, and we have multiple red triangles on the KRI. Also, the price action is rounding off, which suggests a top at current levels. We are seeing support from $43.1K, as we have been mentioning in these reports, however support appears to be hanging on by a thread, and there is a vacuum zone to $41.9K. This level has held in the past, but if not, $40K is another strong technical and psychological level. If we are somehow able to break $45K, then $47.4K is the next target.
BITSTAMP:BTCUSDShort
by quantguy
Bull Wedge Forming in the DXYThe DXY has pulled back from the double top we identified at 97.89. We have seen strong resistance at this level confirmed by red triangles on the KRI. However, we are not seeing a rejection from these highs and appear to be seeing a bull wedge forming. The Euro has fallen to lows last seen in 2016 against the AUD and GBP, which has contributed to the DXY's strength. If we are able to break out then 98.22 is the next target. If we retrace, we should have support from 97.32, but if not there is a vacuum zone to 97.03, then another one to 96.65.
TVC:DXYLong
by quantguy
Oil Prices Soar, Next Target?? #OOTTOil has continued its tremendous ascent. We are well into the $100 handle at this point, with little in the way to suggest that it may turn back. We did see some resistance at our intermediary target of $110, but a strong burst of momentum smashed through this target and hit our next profit target of $116.61 to the tick. The next profit target is at $122, which brings us closer to all time highs at $147, which we last saw in 2008. The Kovach OBV is still very strong, without even the slightest hint of leveling off. However, at some point a technical retracement is to be expected, and if so, $110 or $106 should provide support.
NYMEX:CL1!Long
by quantguy
2
Bull Wedge Pattern in Stocks 📈🚀Stocks keep edging up, but remain bounded from above by 4380. We appear to be forming a bull wedge pattern at this level, with several red triangles on the KRI to confirm resistance here. The Kovach OBV is slightly bullish as well, suggesting a bit of a bull divergence. If we break out, we have several levels above to provide resistance, but ultimately, the next target is 4440, a relative high from January, and strong technical level. If the breakout fails and we reject 4380, then 4272 should provide support. If not, 4228 should be considered a minimum lower bound for now.
FX:SPX500Long
by quantguy
Litecoin Struggles to Break OutLitecoin continues to meet resistance from $114, with two red triangles on the KRI confirming resistance here. We have been bouncing around between $100 and $114 since the end of September, and appear to be forming a nice value area here. The Kovach OBV has slumped a bit, suggesting there is a slight bear divergence, so if we retrace, then $105, and $101 should provide support but watch the vacuum zone to $94. If we are able to break $114 then $120 is tne next target.
BITSTAMP:LTCUSDLong
by quantguy
1
Ethereum Tests $3K's!!Ethereum got a lift with Bitcoin, but $3K still remains a barrier. We are seeing two red triangles on the KRI at $3042, with $3K holding by a thread. We do appear to be forming a bull wedge, or other bull consolidation pattern, but it could go either way at this point. Crypto is looking a bit top-heavy and a retracement could take us back through $2965 to $2852 or lower to $2762. The Kovach OBV is still bullish and appears to be curving up suggesting a bull divergence with the bull wedge, which may suggest a breakout. If so, then $3148 and $3200 are the next targets.
BITSTAMP:ETHUSDLong
by quantguy
Bitcoin Faces Resistance At $45KBitcoin has held highs after regaining the $40K handle. We blasted past resistance to test $45K once again, where we are currently meeting resistance as confirmed by red triangles on the KRI. The Kovach OBV has leveled off so we are likely to continue to range until more fundamental interest returns. Sanctions on Russia appear to be boosting crypto prices, perhaps suggesting Russians may use crypto as a way to evade sanctions. If we see more buying interest come through for BTC, then we must first break $45K, then $47.4 is the next major target. If we retrace, we should have support at $43.1K, but after that there is a vacuum zone below, where we will have further support in the $41K's.
BITSTAMP:BTCUSDLong
by quantguy
Oil Soars Past $100, Next Targets?? #OOTTOil has soared and smashed through even our most aggressive profit targets. We smashed through 106, then hit 110, before finally coming up for air. A brief retracement appears to be finding support just above 106, so it does not appear that the rally is over, or even showing signs of pause. The Kovach OBV is extremely strong right now, as one would expect, but it has not showed teh slightest intent on leveling off, so it would be FOMO to buy at these highs. Our next target, set from Fibonacci Extension Levels is 116. We have created a giant vacuum zone below, so watch out if 106 does not hold. The next target below is 101.46, then 100.00. After that, we will surely find support in the 90's, but we aren't likely to see such low prices for now.
NYMEX:CL1!Long
by quantguy