InvestingScope

InvestingScope

Hedera is repeating the peak formation of the previous Cycle. Being bearish, almost oversold on its 1D technical outlook (RSI = 35.527, MACD = -0.005, ADX = 29.745) while being supported by its 1W MA50, makes it a buy opportunity again. We turn bullish, targeting the R1 level (TP = 0.39000). ## If you like our free content follow our profile to get more daily...

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Ethereum has turned neutral on its 1D technical outlook (RSI = 50.794, MACD = 85.840, ADX = 26.701) as it's been compressed inside the 1W MA50 and 1W MA200 in the past month. The long term pattern here is a Megaphone - Broadening Wedge. Every Cycle formed one and historically once broken, it led to an enormous rally. We are still expecting the price to approach...

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Bitcoin is on a slight pullback, being only marginally bullish on its 1D technical outlook (RSI = 56.024, MACD = 1611.500, ADX = 23.439). Based on the 1W RSI we may be on the October 30th - November 4th 2024 pullback that preceded the U.S. elections. The decisive test will be on the 1D MA50 again, but as long as the S1 level holds, chances are we will see a...

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Apple is marginally bearish on its 1D technical outlook (RSI = 43.788, MACD = -0.260, ADX = 30.978) as the recent weakness impeded the price from making the decisive bullish break-out above it. The 1W RSI structure though indicates that this is a bottom formation and it is evident on the Channel Up that the April 7th low has been the start of the new bullish wave....

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USDJPY is neutral on its 1D technical outlook (RSI = 46.191, MACD = -0.020, ADX = 12.744) as it is consolidating around the 1D MA50. This is the bottom formation process straight after rebounding on the S1 Zone. The wider pattern is a Descending Triangle and the bottom formation suggests that the new bullish wave is about to be initiated. Go long and target the...

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Bitcoin remains bullish on its 1D technical outlook (RSI = 58.982, MACD = 1643.700, ADX = 1643.700) despite today's high volatility. This volatility displays similar attributes to the Accumulation Phases that were formed since the April 7th bottom. If it follows the symmetry of the first two bullish waves around the first Accumulation Phase, expect a +10% rise...

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S&P500 is bullish on its 1D technical outlook (RSI = 64.729, MACD = 100.990, ADX = 19.772) as it is extending the bullish wave started on the April 7th bottom. The long term formation is a Bullish Megaphone and the previous bullish wave peaked after a +48.33% rise. With the 1W RSI pattern almost identical as then, we remain bullish on SPX, TP = 7,000. ## If you...

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META is almost overbought on its 1D technical outlook (RSI = 69.797, MACD = 30.360, ADX = 40.237) but is about to form a 1D Golden Cross, the first such pattern since March 1st 2023, which was a little after the November 2022 market bottom. The market technically thrives on such conditions and since 2019, the 3 Golden Cross patterns that were formed were bullish...

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EURUSD is bullish on its 1D technical outlook (RSI = 62.082, MACD = 0.004, ADX = 31.112) as it is trading inside a Channel Up since the May 12th low. The 4H RSI sequence suggests that based on the Channel's first bullish wave, the market is now on the 4th count, which was previously the top (as close to the 1.786 Fibonacci extension as possible). We turn bearish...

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Gold is neutral on its 1D technical outlook (RSI = 53.070, MACD = 17.020, ADX = 34.480) a direct consequence of the sideways trading between the 4H MA50 and 4H MA200. The price action has rebounded on the former LH trendline, validating that it has resumed the long term bullish trend. The pattern that has prevailed so far is a Channel Up, and the current...

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Bitcoin turned bullish again on its 1D technical outlook (RSI = 61.233, MACD = 1503.700, ADX = 19.938) following yesterday's strong 1D candle, which is a result of the June 6th 1D MA50 rebound, and is even close to turning the day positive despite the correction early on. This rise is similar to the one that started after the April 7th rebound and eventually...

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Nasdaq is about to turn overbought on its 1D technical outlook (RSI = 68.736, MACD = 505.460, ADX = 18.046) as it is extending an uptrend since the 4H MA50 test/bounce. Such low paced price increase typically precedes strong breakouts. Since the long term pattern is a Channel Up, we are still on its 3rd bullish wave overall. The prior ones were +9.50% on avg, so...

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Bitcoin turned bullish again on its 1D technical outlook today (RSI = 58.910, MACD = 1101.600, ADX = 21.447) as it crossed over the neckling of the Head and Shoulders pattern and invalidated the bearish sentiment. This now targets the 2.0 Fibonacci extension to the upside on the short term, TP = 123,500. ## If you like our free content follow our profile to get...

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WTI Crude Oil turned bullish on its 1D technical outlook (RSI = 62.137, MACD = 0.740, ADX = 26.844), having completed a very strong 1W candle last week. This is the continuation of the May 5th bottom rebound. All prior such rebounds have filled at least the 1W MA50, having touched the 0.618 Fibonacci retracement level. The 1W RSI LH trendline gives a good sense of...

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Dow Jones is bullish on its 1D technical outlook (RSI = 58.389, MACD = 425.040, ADX = 23.083) but 1W is neutral, a natural outcome of the ranged trading within the 1D MA200 and 1D MA50in the last 3 weeks. It is possible to see the index staying sideways until the end of August and then attempt to complete a +39.50% rise from its bottom, like both prior bullish...

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Crypto Total Market Cap just formed the first 1D Golden Cross ince November 6th 2024, which was right after the U.S. elections. The rally that followed made new highs. Since the Bear Cycle bottom, that is the 4th 1D Golden Cross and the minimum the market surged around such formation was +73.10%. This means that we can expected a 4.03T market cap at least. ##...

InvestingScope

Bitcoin turned neutral on its 1D technical outlook (RSI = 51.000, MACD = 923.400, ADX = 25.014) as it hit its 1D MA50 for the first time since April 19th. That is a straight up buy signal, especially since the the current Channel Up with its 1D RSI HL structure, resembles September - December 2024. TP = 165,000. ## If you like our free content follow our...

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The U.S. Dollar Index is neutral on its 1D technical outlook (RSI = 45.278, MACD = -0.450, ADX = 23.415) as it seems to be approaching a long term support level, the bottom of the 12 month Channel Down. As long as it stays under the 1D MA50, the trend will remain bearish towards the bottom but once it crosses above, we will turn bullish and aim for a +9.95%...