XRP/BTC - It's a Twin at the Weekly Quick video and only one I'll be posting tonight and likely for the weekend. Anyway, my top down analysis of XRP and general opinion on price action. I am a long term holder for XRP, but do see more downside possible in the pair. Especially, if we see BTC start moving up.
I believe we'll see a breakdown to the lower level demand zone from the daily!. Be watching to see how it plays out.
Hope you enjoyed, give a like and leave a comment.
Trendlinebounce
ETCBTC - Potential profitHello Traders,
Potential short term target for ETC found from technical analysis.
Price breakout from a flag pattern with volume confirmation, potential target are highlighted in gold box.
MACD and DI+ has also made crossing after the price action bounce off from trend-line and EMA50.
This bounce is a confirmation of trend line indicate this trend line is strength and will be an important line in future.
Hope this help, feel free to leave a comment and any recommendation.
USDJPY 4h Long- Trendline Bounce + Pivot Point Support + Low RSILooking at USDJPY on the 4h timeframe we can see a clear trendline bounce with 2 confirmation candles. Low RSI shows a clear oversold making the trendline hard to break. Adding to the support there is the pivot point just on the trendline. Targets towards the top trendline but being cautious of the MA zone that is on the P pivot point acting as resistance.