An update on the symmetrical triangle on the monthly xrp chartThe current candle on the daily chart looks absolutely massive compared to the other candles before it. You can’t really see it on the monthly chart, however I chose to use the monthly chart for this idea because the triangle it’s breaking up from is best seen on the monthly chart. With such a massive candle on the daily I’m confident we are finally breaking up from this pattern. I had already posted an idea featuring this monthly triangle a few weeks to a month or so ago but wanted to post a new one because I noticed that the measured move price when I charted the triangle on this exchange (BTSE) was slightly lower than what I posted on the previous idea with the monthly triangle. The previous idea I posted, it looked as if the measured move target was over $6. This was charted on the bitstamp exchange. Because the price can jump exponentially with each inch you move the price label when you are on log mode I decided to double check going by the exact top of the dotted line instead of what the price label said. When I did this on the BTSE chart, the top of the line was actually at $4.59 instead of over $6 so I wanted to clarify and update. Part of this price difference could be because this is a different exchange so I will also go back to the bitstamp chart to see what the top of the dotted line is on that one and update this idea as well as my previous one about this triangle. Either way, even though the target may be slightly lower than my initial chart suggested, it still seems to be calling for a new all time high…and I am confident price will eventually head to the over $6 range and much higher in the long term, albeit maybe with some sizable corrections along the way…and this current pump seems like it may be just the start. *not financial advice*
Monthlychart
An update of xrp’s monthly candle on the bitstamp log chart!I just did an update on this monthly log symmetrical triangle using the BTSE chart in my previous idea, but wanted to also go back to the exchange that I first posted the idea on almost a month ago which was bitstamp. Upon going back to that exchange, I discovered there were actually two potential targets to this triangle breakout. If the bottom yellow trendline is the more valid trendline for this triangle, the breakout target is around $4.90. However, if the bottom trendline to this target is the slightly lower and longer pink trendline, then the breakout target is $7.10! Either way, we have only just begun to pump and it appears like a new all time high should be happening in the not so distant future for xrp!! Next big resistance to watch is gonna be the monthly 50ma(in orange) *not financial advice*
Eth has a similar bullish confluence pattern to btcJust like the bear flag and wedge on btc, Eth also has a weekly bearflag pattern inside a monthly wedge. Eth’s flag is more of a bear pennant however since its flag is a symmetrical triangle..where as the flag on btc is a descending channel. Definitely gonna have to overcome the weekly 50 MA and maintain it as support to sustain a bullish breakout here. *not financial advice*
ENGINERSIN possible double bottom breakCMP 87.90 | High volume gain | New 52 week high
Engineers India possible double bottom breakout
FII / FPI or Institutions increasing their shareholding
Strong Momentum: Price above short, medium and long term moving averages
*Not recommendation, do your due diligence
Idea :)
Kirloskar Ferrous rounding bottomCMP 333.90 | New 52 week high | Good volume | Bullish momentum
*Not recommendation
Kirloskar Ferrous Industries Limited (KFIL) manufacture pig iron and ferrous castings. Business areas of the company encompass Grey Iron castings S.G Iron castings Steel Investment castings and Pig Iron.
Nelcast breakout on monthly chartCMP 104.05 | strong technical momentum | New 52 week high
- Tracking for mid/long term
- Bullish technical indicators
*Not recommendation
Nelcast is the Largest Jobbing Foundry in India for the manufacturing of Ductile & Grey Iron Castings. Products cater to the Global Automotive, Tractor, Construction, Mining, Railways and General Engineering sectors.
Monthly falling wedge on btcusd reaching its apex on bitstamp.We currently have 9 consecutive daily chart candle closes above this falling wedge. You cant see that here because it is the monthly chart. I think we will need at least 2 weekly candle closes above the falling wedge to confirm its breakout however. Other exchanges charts have had price action above their falling wedge patterns for even twice as long as this one has so that adds to the bullish confluence and probability that this pattern will soon confirm a break out upward. A breakdown from this pattern would result in an impossibly low measured move target so odds favor the break upwards. May still take a couple months to confirm however. (Not financial advice)
$SPX to 2950I don't see a reason why $SPX could not sell off to 2950, which is a 100 MA on monthly chart. Got there in covid and much below in 2009 also. RSI is still high on monthly, and fisher transform indicator can go much lower. I'm just keeping an opened mind to possibilities. Let's hope it won't happen but there's not much reasoning for me to think otherwise.
Monthly Closing Of Bitcoin (June)
In Monthly (June) Chart BTC Closed Above Previous ATH ($19798) . With A Wick Of $17622
There Still A Chance For Bitcoin To Bounce Back From This Support
But It's Still In Danger Zone , As Many Bad News Can Effect This Support Level
Breaking Down Will Lead To Demand Zone Around ($9800 - $12K)
#TheStrat BTC 13k to 16k Still a Possibility!4hr Chart shows the small broadening formation we are currently inside of
I would watch the price action closely in this broadening formation and the longer term formation from my last post and look for bullish reversals (ex. 2u-1-2d, etc) on the daily and weekly timeframes.
Keep in mind that the monthly timeframe is still red, my humble prediction for the reversal and recovery of bitcoin would be within 2 months . This is so that the monthly chart candles have a chance to form an actual reversal (ex. 2d-1-2u).
Educational purposes only, not financial advice.
Thanks for reading :)
BTCUSD testing bottom trendline of monthly wedge!This is a super pivotal moment for the bitcoin correction. The candle is currently holding support on the bottom trendline of the wedge. However it wouldn’t surprise me to see the candle send a brief wick down to the monthly 50ma (in orange) which is double reinforced support with the grey line of the logarithmic regression rainbow. I could see us sending a wick down there then bouncing up and closing the monthly back above the bottom trendline of the wedge. I anticipate a fakeout breakdown first to draw in shorts. We will see what happens. I expect the 20-22k area to at least hold candle body support on the monthly at the very worst but as always this is not financial advice. Lowest I anticipate a wick goin is 14k but then again there is a gap still left infilled somewhere around the nonsensically low level of 9.6-9.7k so who knows the market loves to leave everyone in complete dismay so anything is possible. Personally I will be accumulating small amounts once we reach the gray regression line and slowly laddering in ever further rung down and seeing anything lower as a buying opportunity. Again not financial advice.
My XRP perspective my long term!!!I found out a possible big accumulation for the next years in XRP to take in your eyes!!!
Because as we look, we're in the bear market that I suppose a crash to $0.22 cents.
I planning to buy a massive amount of XRP coins to hold and make a compound interest by long term. Because I see in the future a good opportunity that I can't to miss in this cryptocurrency
I hope that this idea support you!!! I consider the monthly timeframe to logn term, but I'm in short in weekly and Daily as XRP has a bearish perspective to reach $0.22 cents.
VETUSDT is testing the monthly support
The price is testing the monthly level after a breakout from the daily support.
On the 4h timeframe the price lost the dynamic support inside the descending channel.
How to approach it?
The price could have a pullback until the previous daily support now new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Xrp appears primed 2 make close to 1500% gains against ethereum The XRPETH monthly chart does look like it needs to make a decision soon. To the me that decision seems like it will be a breakout upward, but of course these kind of pairs charts don’t behave anywhere close to as predictable as the usd pairs seem too so this pattern may not trigger like it usually does in traditional TA. Regardless even if it does break upward, since this is the monthly chart it may take 6 months or more to reach its target. *not financial advice*
MY THOUGHTS ON USD/CADIn my analysis of USD/CAD on the DAILY CHART, This currency pair is currently Ranging from price $1.27863 to $1.26646. On the lower time frames, price may continue to move to the area of resistance of $1.27863 and down to $1.26646. Looking at the Monthly chart price was retracing as it hit the area of resistance. Price may turn around and continue moving Bearishly to continue the Bearish trend creating a lower low. CAPITALCOM:USDCAD