Technical Analysis

Research shows that extreme optimism coincides with market tops. The question is, where are we now in the cycle? Has the mood reached extreme optimism? Possibly if we refer to some sentiment indicators. Let’s not forget the S&P 500 is up 19% since the December low, this surely can be described as an optimistic move. […]

ETHUSD Long-term Trend – Ranging   • Distribution territories: $180, $200, $220 • Accumulation territories: $100, $80, $60   Ethereum’s price is seeing various ups and downs, as it has been doing in the last few weeks. The cryptocurrency is trading between the $140 and $120 zones. On March 5, it managed to move up […]

Verizon Communications shares (NYSE:VZ) do not enjoy a strong momentum at the present. The market seems to be consolidating, although the short-term trend is bullish. The ADX period 14 is below the level 20, showing lack of momentum. The DM+ is not above the DM-, which emphasizes the current trendlessness in the market. The MACD […]

Paypal stock (NASDAQ:PYPL) is in a bullish trend, which has been in place since December 2018. In spite of the current pullback in the market, the outlook on it remains bright. In the chart, the Williams’ % Range period 20 is around the overbought region and will soon become more overbought than it currently is. […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   XRP’s price has been range-bound between the $0.28 and $0.34 levels. On January 10, the bears broke the support on the lower end, and today the support has turned into a resistance, unbroken since January 10. […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has recently gone up over the $4,000 mark, on February 23. On February 24, the cryptocurrency dropped below said point, and then kept on moving along its 14-day SMA trendline until now.   Bitcoin’s […]

XRPUSD Medium-term Trend: Bearish   • Resistance Levels: $0.56, $0.58, $ 0.60 • Support Levels: $0.30, $0.28, $0.26   XRP’s price was in a bearish trend yesterday. On February 25, the crypto’s price faced a downward correction to a $0.32 low, after facing resistance at $0.34. On February 27, the bulls took over for several […]

BTCUSD Long-term Trend – Ranging   • Distribution territories: $4,500, $5,000, $5,500 • Accumulation territories: $2,500, $2,000, $1,500   Bitcoin’s price has seen a short spike within the range it’s been trading on this week. The spike has seen the cryptocurrency consolidate around the $4,000 mark. Its SMAs are located within the $4,000 and $3,500 […]

FTSE 100 stock (FTSE:UKX) has been going bullish since a few months ago, and the short-term bullishness is conspicuous enough to result in a valid “buy” signal. Price is now above the upper Trendline, and the RSI period 14 is above the level 50. As long as the RSI is above the level 50 and […]

Ebay shares (NASDAQ:EBAY) are in a very strong uptrend. Since price reached a recent low in December 2018, it has assumed a very strong bullish movement. The bullish movement is so forceful that the 4 EMAs used for this analysis support the current trend in the market. They are EMAs 10, 20, 50 and 200. […]