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$XRP $USD $XRPUSD Fears & Thoughts Weekly XRP's trend timeframe showing price remains in its downtrend with no weekly confirmation of a reversal just yet. Last time XRP was at this price we saw some consolidation take place for about 20+ weeks, mind you this was before the crypto "hype". Today we are at sitting at the same price. Stochastic RSI showing momentum starting to shift... Daily Shifting over to our pattern timeframe we see XRP broke resistance at $0.1980 and continued up to $0.2300 only to be rejected by our dynamic and major resistance. Price has now retraced to our previous resistance and testing for support. Our daily candles are showing some exhaustion from the bears, and this looks like it could be a turning point for XRP. Stochastic RSI showing momentum is in favor of the bears. 4Hour Finally looking at the trigger timeframe we see price respecting a descending wedge pattern, Stochastic RSI showing momentum is starting to slow down. A 4hour close above $0.2050 and expect the momentum to push the price up to $0.2350, however, our charts show some potential support levels that may be tested. A 4hour close below $0.2025 and expect the price to continue retracing. The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
POLONIEX:XRPUSDLong
by UnknownUnicorn2434649
BTCUSD Moon Or Bust Monthly 2019 High (according to Coinbase) of $13,868.44 was followed by a descending channel that has now found support inside our $6,300-$6,700 zones. BTC sitting @ $7,876.78 as I type, and now eyeing $8,000. Stochastic RSI showing momentum is in favor of the bears, let's not forget indicators need rely on price and may be delayed. Our monthly candle looking like a bullish engulfing, along with some exhaustion from the bears shown in the monthly wicks. Which is part of the reason why I believe BTC will make a big move very soon. Weekly Shifting over to our pattern timeframe we price tested what could be the beginning of our weekly uptrend. BTC was consolidating between $6,800-$7,500 for roughly 6-weeks, this week BTC has set a new higher high by kissing $8,000 and now slowing cooling down. Stochastic RSI showing momentum is just now heading towards the upside. A double bottom also is shown in our momentum. BTC would have to break and close above $8,700 to break out of its channel and to be followed by some bezerk moves. Rejection from this level could lead us $5,000 zone. Daily Finally, switching over to our trigger timeframe we see BTC is now testing our resistance @ $7,750. Stochastic RSI showing momentum heavily in favor of the bulls with no signs of slowing down. Inverse head and shoulders off our $6,700 daily support. A daily close above $7,750, activates the trade.
COINBASE:BTCUSDLong
by UnknownUnicorn2434649
USDCHF. Seeking a higher High, Before the bigger wave downPreviously I was looking for a sell at a lower key level of USDCHF. However this last week, it has broken a Daily Key Level. Therefore it is most likely seeking a price closer to the weekly Key Level. Therefore we can look for a short term Buy this week. very small stop loss. I will update later for the bigger wave down. That is the trade I do not want to miss if it presents itself. We will look for a buy when the market opens above the daily key level that it has broken.
by UndergroundPipSurfer
$XRPUSD Quick to Dead the Bull Daily (Zoomed Out) XRP remains to follow downtrend since ATH with no major signs of reversal. Chart shown above shows price making a move towards $0.5200 only to continue following its downtrend and price is now at $0.2217 as we speak. Price has dropped as low as $0.20 and we should expect a retest here soon. Daily (Zoomed In) Zooming in on our same time frame we see a couple of wicks from $0.2110---$0.2200, this could be a potential support zone. Stochastic RSI showing momentum remains in favor of the bulls however price action is showing otherwise. Somethings to look out for at this level are as follows: 1.) Price to fill in the wick as low as $0.1995 2.) A double bottom to form above $0.2200 3.) Consolidation at this price level until the next bull market.
BYBIT:XRPUSD.PShort
by UnknownUnicorn2434649