Archive for category: Premium

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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 112.69 and 116.7. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF continues to remain sideways above the horizontal support at 116.7 levels.

BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale.  ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average. ETHBTC trading below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More

I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop up during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist from different regions in single equities. These charts will be covered in the weekly report as well.

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BTCUSD holding the year-long (52 week) average. Price is still above the year-long average and should be considered to be in an uptrend. A re-test of 73.7K will be very bullish for the pair. ETHUSD is having difficulty below its support at 2,800 levels. Possible symmetrical triangle can act as a bearish continuation if we see further weakness below 2,100 levels. ETHBTC slipped below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 110.45 and 110.27 Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF can experience short-term setbacks.