Archive for category: Premium

BTCUSD quickly recovered above 60K. Emphasizing the importance of focusing on the longer-term uptrend. Price is still above the year-long average and should be considered to be in an uptrend. ETHUSD re-tests the support at 2,800 levels. Possible rectangle with both boundaries well-defined. ETHBTC chart is challenging strong support area. While the long-term trading range remains between 0.05 and 0.08 levels, breakdown below the horizontal support can result in ETH underperformance. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well. Larger-scale correction can target the 200-day average around 106.25 levels. This week's sharp pullback found support between 110.45-112.6 area.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. 112.6 levels becomes the short-term support after the ETF had a strong run following the breakout from one month-long bullish flag. Bullish flag price target is around 120 levels. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well. Larger-scale correction can target the 200-day average around 105.90 levels.

BTCUSD broke down support at 60K. Previous support becomes the new resistance. Price is still above the year-long average and should be considered to be in an uptrend. ETHUSD re-tests the support at 2,800 levels. Possible rectangle with both boundaries well-defined. ETHBTC chart rebounded from strong support area. Strong monthly close in May kept the trading range between 0.05 and 0.08 levels. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. Price is clearly above the long-term average and the uptrend is intact. 110.45 levels becomes the short-term support. A wider support area is between 106.8 and 110.45 levels. There is a possibility of a one month-long bullish flag forming between 110.45 and 112.6 levels. Breakout can resume the uptrend. Failure to hold above 110.45 levels can result in a pullback towards the 200-day average around 104.16 levels. Bullish flag price target is around 120 levels.