This is what might happen next for XRP 🚀This is a quick update on our previous chart
As mentioned, prices exactly touched the price volume target (blue line). From that point we got rejected and headed back to exactly 0.4375 cents, which we also coined as a possibility.
The big question is what will happen next 🔮
ANALYSIS
Technicals:
- The RSI is still above it's center-line on the 1H chart, which is bullish.
- The stochastic RSI is oversold on the 1H, which suggests a potential reversal in the immediate short-term.
- However price is currently below the BB center-line on the 1H chart. So the bears might be pulling the price towards BB center-line on the 4H around 0.4315.
If we we're to come back down to 0.43 cents I'm not convinced we will be going much lower than that, however anything is possible. The market loves to target stoplosses🐻
Energetically:
The situation remains unchanged. (bullish)
Disclaimer: Non-Financial Advice
The information provided in this analysis is for informational purposes only and should not be considered as financial or investment advice. The analysis presented here is based on historical and current data, market trends, and personal interpretation, and it may not accurately predict future market behavior.
Mooncycles
A potential big move for XRP is loomingA potential big move for XRP is looming with a slight bias (60%) towards the upside. If prices do come down to retest lower levels I expect a move up shortly after.
Although it looks like XRP is bottoming out around 0.41 cents take note that short-term spikes towards 0.37 cents are not out the realm of possibilities due to high volatility in the market.
ANALYSIS
Technicals:
- XRP has formed a symmetrical triangle
- Currently ranging in the middle of 2 big volume price targets (blue lines).
- Increasingly tight consolidation (BB is narrowing).
Energetically:
A new moon is set to happen on the 19th of May. Prices are more likely to move upwards within a 5-day range around the new moon (between 15-24 May), right before crashing down or consolidating.
News:
Odd behaviour by the SEC since they just dropped crypto firm LBRY's fine from 22M to 111K. Is there a possible settlement/court decision for the SEC-Ripple lawsuit on the horizon?
Disclaimer: Non-Financial Advice
The information provided in this analysis is for informational purposes only and should not be considered as financial or investment advice. The analysis presented here is based on historical and current data, market trends, and personal interpretation, and it may not accurately predict future market behavior.
SPX Quarters and Moon CyclesSPX in a rising wedge, same as BTC could see a rally to the top of the wedge and breakdown on the new moon/Vernal Equinox. Typically we see a local bottom/rally on the first new moons of the new quarter. The measured move of a breakdown of the rising wedge brings the SPX into the golden pocket retracement level which could get hit on the full moon of April 6th marking a local bottom.
BTC Moon Cycles going into the Vernal Equinox If we look at the previous run-up prior to the Vernal Equinox BTC was in a rising wedge . BTC bounced from the bottom of the wedge during full moons and rejected from the top of the wedge during new moons. The 3rd full moon was the final rally prior to the top being put in on the Vernal Equinox. Interesting confluence taking place here. "Seasonality"
Moon cycles do not work.So according to some people, The moons are supposed to predict whether we go up or down, considering the phase, new moon down, full moon up.
This will illustrate the new or full moon cycles don't determine where Bitcoin will go.
Red X means inaccurate Call, and ? means questionable
moon cycles in the market ethusdTo Shine and Love to do good everyday I come to you with love. just a thought.