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. ETHBTC slipped below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More
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.
Read More
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 109.8. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF can experience short-term setbacks.
Read More
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. ETHBTC slipped below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More
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 108.83. Short-term support is the horizontal pattern boundary at 116.7 levels. Uptrend is intact. The ETF can experience short-term setbacks.
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.
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 108.83. Short-term support is the horizontal pattern boundary at 116.7 levels.
Read MoreI'm adding two breakout setups to the watchlist. I came across those opportunities during the weekend review and I think they are more likely to breakout during the week. I will discuss those in the upcoming report as well. Read More
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. ETHUSD is having difficulty below its support at 2,800 levels. Breakdown below the horizontal support resulted in a sharp correction towards 2,000 levels. ETHBTC slipped below support at 0.05 levels. Breakdown below the horizontal support is resulting in ETH underperformance. Read More
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average and this is resulting in a drop in volatility. A long entry condition can develop with better defined chart pattern such as the cup & handle continuation labelled on the chart. Breakout above 116.7 levels can complete 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 108.40. Higher low above the 200-day average should be analyzed as a bullish setup.
Read More
