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The market data are taken from HitBTC exchange.
global stock markets: New cracks are visible
there is A correlation between global stock markets varies over time. Nevertheless, they can be sometimes considered as a group and we are which lead, and which may lag behind. This is dependent on performance can give an indication of how markets could be next behavior, or, at least, on what signs to look for. In cases of high correlated volatility of these symptoms can be particularly revealing, as we have recently seen.
recently, any shares reached the market a peak with record rates or high trends Then they fell together heavily, and put together a rally. Investors are asking now: what happens next? The volatility is over or will we see in next time for more powerful movements?
Europe could show the way. Last week we saw a continuation of the Bear trend in the UK’s FTSE 100 Index has fallen by 174,50 points, or 2,41%, and 7.069,90 has closed. This Trend was also seen in the German DAX Index, which has shown a case to 570,10 points,or 4.57 percent and a final at 11.913, 70 the worst performance. The performance is not what reveals the most; most likely, you can read something from the price Charts.
last week, fell for each market will be fluctuation low of four weeks ago and has weekly closed below those lows. This price behavior indicates a continuation of the Bear trend. That does not imply that these rates will continue to go down, but also that the bearish sentiment among investors could also have an impact on other markets. The markets in Japan and China seem to be particularly at risk.
Nikkei 225 Index: Descent, with gaps
According to the Depth of 20.940,15 of three weeks ago, about Support the long-term upward trend line, jumped the Nikkei 225 up to 7.4 per cent, back to the top. So he came to a weekly high of 22.502,05 and has a Retracement of 50 percent in terms of the downward trend. But the Resistance has shown up quickly and the pull from the bottom again proved to be the stronger. This has dragged the Index to 711,14 points, or 3.25 percent and a final at 21.181,64 introduced. The decline at the top there were two large gaps that showed the determination of the seller. The week was a low since 20 weeks completed, what is a bear sign.
A case of under the Low of the last week of 21.088,96 is a short-term bear signal. But first, the case would be under and the daily associations under the recent Fluctuation to trigger a continuation of the emerging Bear trend. The Nikkei has moved to the Level of the 20.318, if a continuation of the Bear trend is triggered.
Shanghai Composite: Continue to breakthrough the ascending channel
Technically, the Shanghai Composite in the worst condition in comparison to the large Stocks. Because it is clear from the long-term ascending trend channel broken to the down, as there was recently for sale. After falling to 14.6 percent from the High of 3,587,03 January, has found the Index to find Support at 3.062,74. As a result, he has a rally of 8.9 percent and landed with a 3.335,99 at its High from last week. This High has also completed a Retracement of 50 percent of the decline.
If we now go back a step and us the samples, which is developing, we can bear a breakthrough the ascending trend channel. This is followed by a Retracement back to the Resistance Zone, which is approximately at the bottom of the channel. This is the classical price behavior of a Bear trend; Support breakthrough, followed by a Retracement back into this price zone, in order to test it as Resistance. A case under the Low of the last week of 3.228,59, it’d be another case.
crypto-currencies: on the lookout for relative strength
to keep As mentioned last week, for the first time, were the currencies of the major Crypto in the last few weeks, always stronger or have a stronger position. And the on a relatively correlated. A crucial progress or decline of one or a few crypto-currencies could point the way for the group. Therefore, we will keep attentive to the signs of relative strength and weakness on the look-out. We can see not only a relative strength in performance, but also within the development of the upward trend. Sometimes this can be a more reliable indicator of what’s coming next. Since a Trend tends to keep some time and as he progresses, there is a lot of bull signals, which offer an opportunity to progress to join.
This week, six of the eight crypto-currencies, we have to keep in mind, positive and only two negative, but only 5 per cent. This is an improvement compared to the previous week, in which all the fallen are.
Monero leads from a technical point of view, the same as last week, as he was able to record an increase of 64,57 US Dollar (52,45 EUR) or 23.2 per cent, and a conclusion in 342,80 US Dollar (278,45 Euro). From a technical point of view, the Bitcoin behind Monero. Because Bitcoin rose last week, to 8.5 per cent and closed at 11.029,99 US-Dollar (8959,33 Euro). The Monero is more is said below.
Bitcoin is trying out the new Trend to break out. If that happens, it would be for him to be a bull sign. He comes across the previous variation high of 11.780 US Dollar (9568 Euro), this would signal a continuation of the upward trend that followed on the ground, at 5.920,72 US-dollars (4.809,22 euros) a month ago. Last week, the Bitcoin rose to 863,9 US Dollar (701,72 Euro) or 8.5 per cent, and closed with 11.029,99 US-Dollar (8959,33 Euro).
IOTA showed an increase of 0.21 U.S. Dollar (EUR 0.17), or 12.1 per cent, and a final 1.92 US dollars (1.56 euros), the second-best performance last week. He struggled to rise higher, as he reached three weeks ago be High of 2.21 US dollars (€1.80), and then a Pullback. In the last 5 days of etwa he pushed against the Resistance Zone, which is at its long-term down trend line. A break above the Six day high of 2.09 US $ (1.70 Euro) would signal a move above this line and an early bull would be signal. For this rise still further confirmation would be but in the context of the Course, if this case should occur.
Monero: the leadership of the crypto sector to the top
If the structure of the course and the progress of the upward trends into consideration, the Monero the crypto sector. To the ground at 150 US dollars (121,84€) from four weeks ago, the price of XMR/USD has staged a rally, when he 223,82 US Dollar (181,80 Euro) or EUR 149.2 per cent, a rise on Saturday with 373,82 US Dollar (303,64 Euro) has closed. The floor looks, regardless of the rally, very solid. Because it coincides with the previous Resistance (now Support) of the High from October to September 2017, and the Fibonacci Retracement Zone of 78.6 percent.
A Signal for the continuation of the Bull trend at the end of last week, as the crypto-currency has broken out above its previous variation high of $ 330 (268,05 Euro). This outbreak reflects a strength of the second round of the uptrend from recent bottom. So far, the Monero currencies, as the first of the eight Cryptographic, of which we speak, has overcome his Fluctuation that has been achieved since the soils of a month ago. Now he is in a good Position to make at least a moderate step, or an ABCD pattern in the area of 437,49 US Dollar (355,36 Euro). Or to rise even further upwards. In combination with the Resistance Zone at variation high of 449,18 US Dollar (364,86 Euro) in January, we get a target Zone of about 437,49 US Dollar (355,36 Euro) to 449,18 US Dollar (364,86 Euro).
Dash: Could come back in the course
The Dash fell last week to 26,32 US Dollar (21,38 euros), or 4.2 per cent, and closed with 604,28 US Dollar (490,84 Euro). Since the beginning of the year,the price of DASH/USD fell by 40.1 per cent from its record high of 1.625 US-Dollar (1.319, 94 euros) in December. On this High of a rate case, followed the Support that was previous Resistance during the Variation from August of last year. Thus, it reached a Low of 376,05 US Dollar (305,45 Euro). From there he jumped to 99.3 percent upwards, and thus reached three weeks ago to a High of 749,41 US Dollar (608,72 Euro).
In the last 10 days, the Dash has consolidated within a relatively narrow range. This is located between the Support 570,68 US Dollar (463,55 Euro) and the Resistance of 652 US $ (529,60 Euro). This margin is exactly the Support of the long-term upward trend line. Therefore, this consolidation pattern is potentially of great importance, because the represents the ascending line of a long-term upward trend.
It may be expected that a continuation of the trend until something is see to the contrary. Consequently, a decisive breakout above 652 US dollars (529,60 Euro) would not only be a breakout from the current consolidation range. This would also represent a successful Test of the Support of the trend line and lead to additional signs of a continuation of the Bull trend. The Fibonacci Retracement Level of the down trends are shown on the attached Chart and can be considered as a potential short-term objectives.
A breakthrough under 570,68 US Dollar (463,55 Euro) would be a bear sign, and would be the second Time that the uptrend line was broken.
The market data are taken from HitBTC exchange market; the graphs for the analysis come from trading view .
