XAUUSD and DXY - Gold top likely this weekGold Dollar XAUUSD and DXY
The dollar's decline is close to finishing. Likely to be one two
spots outlined below - so this is likely also to be a big week
for gold, oil, and across US pairs too. Look for buy set-ups on
dollar pairs and sell set-ups on gold, silver, copper and oil...
As DXY tries to climb and hold above a little dynamic that
underpins price from the lows,so gold is held back by a similar
dynamic resistance line from the highs on the chart to left.
DXY is close to changing back to positive, either from here, at
88.44 or from 87.70 at lowest. This is likely to happen this
week. It means that gold also is likely to reverse from current
levels, or from one last burst higher from here at best. If it's
to reverse here DXY will have to break and hold above 89.53 -
in so doing it will have broken key fixed resistance and the
upper parallel which has controlled the current down-wave
from inception and so will flip the dollar back to positive and
gold back to negative again. This should be reflected by gold
falling below 1341, giving the first confirmation that the trend
has changed back to negative in the near term and triggering
a fall back to 1306 in all likelihood.
However, if 88.44 fails to hold during the course of this week
it will tip the dollar into what should be one final selling
climax which should culminate at around 87.70 at the
extreme before DXY finds support and begins to rally again.
This will carry gold to 1375 and at an extreme to a 1389 high.
Look to close out remaining gold longs here, and some will
consider shorting if we see this price action develop later this
week.
TOP
Top 3 Most Consistent CoinsDuring the past couple of month, the crypto market has been going through two major phases.
The first phase, that took place during December 2017, was a strong uptrend amongst most coins, substantial growth, and almost a non-stop rise.
The second phase, that took place During January 2017, was a consolidation phase, where most coins have been correcting down strongly or consolidating.
But there are coins with a better performance, that have shown great stability and consistency during both phases. While most coins were suffering they proved to be the most stable in comparison to the rest cryptocurrencies.
And the winners are:
0X
EOS
NEO
Ripple Possible TopIf we follow the alt coin cycle from last may where XRP topped which was followed by a large sell off in the crypto market then a rally for Ethereum based coins, Xrp in this case has topped. So now we are in the phase where xrp recovers to around 75% of its value from the high to around $2.4-$2.6 area. In the mean the mean time Ethereum should make new highs and go to around $2.5k where all alt coins will top. I believe that BTC has already topped for this cycle and I stay with this bias as long as it doesnt break 17k again. Good luck trading guys this is just my current outlook for the market.
Top 5 Coins With Best Performance During ConsolidationIt was a great rally across many cryptocurrencies during the past months. There was a huge growth by some coins, gaining x10, x20, x30 or more, where most cryptocurrency traders were profiting disregarding the coin of their choice.
However, there are always times of consolidation or a correction. And this time is now. The cryptomarket is not stagnating, which means that the coin either consolidating or correcting downwards.
But it does not happen to all coins because some will be always better than others and in the idea you can see the top 5 coins that had produced the biggest gains during January consolidation period.
NavCoin To Form Double Top?NavCoin is clearly trending upwards while printing higher lows and higher highs. NAV/BTC gained 300% over Bitcoin in just under a week, rising from 8.6k up to 33.8k satoshi. The corrective wave down followed, and the price dropped to the 22.7k satoshi.
This is the key support for NavCoin as multiple supports were rejected. First is the previous low established just before the last wave up. Second is the downtrend trendline and third is the 3/1 Gann Fan trendline. The support is strong and should result in at least one wave up towards the previous high at 33.8k satoshi. On the downside, only a daily break and close below 22.7k level could result in further correction down.
SPAR GROUP INC- Top GainerSPAR has been on a 'sprint' lately giving itself a lot of upwards momentum in such a short period of time, meanwhile not having a strong balance from the previous chart patterns. What I am trying to say is that the position that SPAR is holding on to right now is a very weak position, much like Aquabounty which I also wrote about. SPAR may not fall down as drastically as Aquabounty but it will surely win itself a spot in the top losers sometime soon, but the action will not stop there. There will DEFINETELY be another run in this same quarter ((or maybe at the worst in the very beginning of next quarter)) where SPAR will go on another run where right after it will become the top loser.
CARDANO (ADA) ticking to explode!BITTREX:ADABTC As we can see the graph has slowly melt down like an ice cream. But we are the freezer and we will resuscitate this resitance in next hours !
WE all LOVE CARDANO chart, as we can see nothing is stopping the next bullish.
Short term profit at least +30 %
Long term trade TO THE MOON
The lark Volume Momentum is ticking, and the new buyers are at the door.
Glad to trade, happy to be here!
Namaste!
ETHUSD has formed a distribution topThe pattern at the top is a classical three drive distribution top formation. The double top to the left seems to be the top, but the market maker to drive through that formation one more time to sell their holdings to the short sellers who are covered at the high and the unsuspected speculators who are chasing the high.
After it broke down from the third leg, the price has encountered heavy distribution when it tried to trade back to the ICT bearish order block. This has signified to me that the bull trend is over for now. Until the traders are trapped at the highs are washed out, we are going to see price being capped below 1300.
I would be interested in selling the retest of another, smaller, ICT bearish order blocks when it retraces higher.
VertCoin Back To Previous High?On the 6th of December VertCoin established an all-time high against USD, hitting $10.7 price. After that, a corrective wave down follow where the price dropped down to $6, and consolidation has begun. During the past month, VTC/USD has been trading within that range, without showing much weakness nor strength.
Although on the 2nd of January price broke above the descending channel, 200 Moving Average and the resistance at $6.8. It seems that VertCoin could be getting higher once again, although it is unclear whether it will be the final wave up before the correction, or a continuation of the uptrend.
The key resistance is at $10.4 where 361.8% Fibonacci retracement applied to the corrective wave down after the resistance breakout. It could happen that VertCoin will produce a double top near the $10 psychological resistance, which is the key resistance area at this point. Break above, or a rejection should provide more clues about the further direction. On a downside note, break below $5.5 support should invalidate bullish outlook.
Steallar Lumes (XLM) Fast Opportunity Buy! 20% in 4-12 HThink fast Act now!
Stellar Lumes after the big bump at the top of 6350 is recovering.
The H 4 Grapgh looks incredible !
For fast earning buy some lumens and you ll dont regret !
Buy in 4100
Sell short 4500
Few days 6250
1 month To the moon >9000
NAMASTE!
RIPPLE (XRP) / DOLLAR ($) Good buy in! You gotta love the ripple graph!
It s just gorgeous!
My call is to buy right nou, last days we saw very often fluctuation in XRP / $ also in BTC / XRP.
But dont freak out !
Cause Ripple got under control this! And we ll soon see a strong bullish.
Too much hype on the first week of the year on altcoins kinda altereted the normal graph of evolution, much money in - much more out !
I can call this coin both SHORT and LONG TERM INVESTMENT!
Short term 10-25 % in 1-3 days
Long term TO THE MOON
CBRL Broadening Top and Upcoming Dividend! (Price target: ~$176)The Broadening Top pattern forms when the price progressively makes higher highs (1, 3) and lower lows (2, 4) following two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first. A bit of a toss up since the broadening top formation appears much more frequently at tops than at bottoms, and therefore usually has bearish implications. In this case, however, we see a strong up-trend with an Average Directional Index just shy of the 25 mark. Set limit order above market price to be sure we are looking at a bull broadening top, or for added risk buy the retracement when RSI corrects below 70. For best results take 50% position at each. Consider stop-loss below breakout price.
Added confidence from the fact that Cracker Barrel is recording a $1.20/share dividend on Jan 11th, issued on Feb 5th. Dividend hunters could help drive this trend up. CBRL reports earnings 02/20 BMO and Estimize revenue expectations are 0.77% higher than Wall Street's.
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Qtum VS Bitcoin Rising To Form Double Top?Qtum managed to break above the descending channel and 200 Moving Average suggesting that is it ready to continue trending upwards. QTUM/BTC producing higher highs and higher lows while trading within the ascending channel.
The overall trend is definitely bullish and Qtum should be moving higher to test 227.2% Fibonacci retracement level applied to the corrective wave after the descending channel breakout. This resistance is based at btc 0.0056 which is very close to the previously formed top in August last year.
The btc 0.0056 is the very first strong resistance for Qtum and it would be interesting to see the price action around this level, which should provide more clues about the further direction of QTUM/BTC. At this point, Qtum could continue trading within the ascending channel and could even move back to test the 38.2% Fibonacci support, which in fact has been already rejected. In the worst case scenario price could drop towards the 200 Moving Average, but only break below it should invalidate bullish outlook.
3 Month Analysis of BurstcoinAn analysis of Burstcoin's recent history :)
Edit on chart: the fourth bubble should say 133 satoshi level, not 138.
Thanks and Happy Trading :)
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bitcoin: 1NTkRex1gE2iJ63sFQHNpFYkBoeZ3w69FZ
burstcoin: BURST-S9HQ-84BX-CXX8-4RKBC