CRPTOCURRENCY
XRP USDTXRP USDT currently making a bullish rectangle pattern with 1.3 as the resistance, if XRP break from this area then the nearest target price is 1.57. The second target price is around the ATH area about 1.96, then the long term target is 2.17 based on the daily cup and handle target price. Im bullish on XRP
The road to $200k+ Bitcoin!So, Bitcoin is now looking increasingly likely that we have confirmed the wave 4 bottom being in place..
As 1 final confirmation/test-> I would like for a re-test now at around +/-43k (We need to test that 40k-43 zone at least once, this is the green line & as the current 20 weekly MA is also around 42k..) this re-test will show us that the market has support and it will confirm the bottom is in place, giving us confidence in this next rally.
Considering how powerful the last wave 3 was, I would watch the momentum indicators like the RSI and MACD and compare them to the 65k top zone. I am expecting an insane rally again with this being a wave 3 of a larger degree wave 5, so we probably will see the RSI and MACD indicators go higher and break top channels before the top is in place as this is indicative when completing and comparing the middle and end of a wave 3 rally.
On the bearish side -> A break below the 28800 lows confirms this wave 4 is coming down to low 20ks and the rally will be postponed by a few months. Anything is possible there. We invalidate the wave 4 around 13,500 so we don't want that breaking, otherwise, we are in a much larger bear market than we thought.
In conclusion, when Bitcoin shows it's starting a mark-up move, just buy and hodl the move.. no point trying to catch the waves...this proves not to work.. rather hodl with a low 2x leverage, ride the wave and look to top up at every 15-20% decline or assess where the wave 2/wave4 20-30% pullbacks are to load up. We know from the 2017s run when things go parabolic you could expect regular large 30%-40% drops.
In conclusion:
-> We looking for a support re-test of around 43k to confirm we have bottomed and this will also confirm an uptrend of higher lows.
-> Areas to watch for consolidation will be around 60k, 80k, 100k-130k, 150k, 200k.
->As soon as we break above 150K IMO things can go parabolic and that's when the blow-off top above 200k can come faster than you think..
-> Bitcoin likes to respect the fib number sequences so these would be 10, 20, 30, 50, 80, 100, 110, 120, 130, 150. 180, 200, 210, 220, 230, 250, 280, 300, 500 and so on..
The Final 8/1 Gann Fan (Bitcoin)Well I didn't think I would be making this TA so soon but Bitcoin always does the unexpected.
We are on the final 8/1 Gann Fan. This is the true test. If we do break this ratio and test it as support, we can officially call the start of the final phase of the bull run.
As you can see I have set out some Fib Time zones , these have not been tested on count 2 yet so the first date we have is August 31 2021. Lets see if we get a reaction of that Fib date it is possible that this is the date when we hit the 8/1 Gann .
If we do break the 8/1 on this date or the week following there is a much higher chance we peak at 150k December to January 10 2022 .
If we don't break it the next Fib date would be November 9 2021 , if the 8/1 is broken around this date we can move the cycle peak sometime between May-August 2022
at 200k .
Something to check is a very powerful indicator has flashed a buy with a very high success rate which on average has a 30 day delay to it , it's free on the public library search for "hash ribbons'' been using it for a long time and it's mind blowing how good it is.
As always check out Bitcoin Roadmap.
BCH in the support zone for a break out Bitcoin cash in the support zone currently for a break out. Watch out for support around 700+ dollars. We the 10 day ema is crossing over the 20 along with the 50 and the 100 is near too. Previous following trend line shows support for upwards to 1,000+ with a few pull backs along the way I'm sure. The long "W" formation is closing to breaking the retrace should be some some really nice gains if we can see support above 700+. Keep your eyes peeled.
ripple is Broken it downtrend, ready for it 3rd wave around 4$!!RIPPLE coin likely to completed its 1ST wave here shown in my chart, I think ABC correction phase completed
and may have to completed 2nd wave also and ready for 3rd wave around 3.5 to 4 dollar 2.618 fib retracement.
downtrend Breakout done which xrp trying to break out right now or hold current support around 0.65 to 0.80 cent area for farther upside move.
RSI is 72 that's shows bulls are upper hand, i think xrp will take momentum from here
Technical analysis:
. XRPUSDT is breakout it downtrend, and the beginning of an uptrend is expected.
. The price is above the both MA's(50 and 200MA)
. The RSI is at 72, that's mean bull is full control the xrp right now
Take Profits:
TP1= @ 1
TP2= @ 1.36
TP3= @ 1.54
TP4= @ 2.12
TP5= @ 3.52
TP5= @ 4.12
SL= Break below Support at daily closed
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Thanks for reading, Trade well, ❤️
#XRPCOIN #CRYPTO #BULLISHRUN #ALTCOIN #3RDWAVE