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Ripple without doubts! Could REACH above $3.36 !Ripple XRP/USD maded today very important move, and did breakout on Daily Chart that we posted 2 days ago, this is good move of chapter. As we expected over 2-3 weeks, up support area 0.2395 and downsupport-area 0.1766 is still strong, and they playing with each other. In this case we can expect a new Market-Cycle! The same case is for Bitcoin and all TOP Crypto with near BTC Dominance. - We want to mention in this chart, are two indicators of 3 candles in 2017 (that was a bullrun and a chapter of new Market-Cycle) and 3 candles in 2020 , looks familiar, right? In 2020 we have the same last candles-sticks that we saw in 2017 in Mohntly Charts! Let's say that this is coincidence in majority, but let's take a look in 2017 at candlestick with number "1", before this first candlestick we have already an candlestick let's name it "candlestick with number 0"(back of first candlestick), so it's also the same like in 2020 , coincidence? Not really! But this is just little psychological idea that we exposed. The most important thing on the moment it's how Market will rally, if we look at Bitcoin - he also it's on very important support that every little move it's important, and he still strong with sharing his 68% dominance in crypto majority. Ethereum also doing well, some breakouts that it's example for Ripple, it's done. (as we said in last post) Cardano ADA on the same steeps, EOS/ Litecoin & XMR also doing well the same moves. Without doubts, breakouts of other Top Cryptos and those strong supports levels for Ripple and Bitcoin, 2 years in the same Bear-Marketcycle, could be a new Chapter of STRONG MOVEMENT UP & New Market-Cycle. - This is like a BOMB that playing on strong supports area: down and up, like a bomb sound playing with those levels 0.1766 vs 0.2395 (.......pip-pip-pip....pipipipipipipipipipi...BOOOM) - Hope you guys you support our work with a like and share of this post! Also don't foreget to follows us! :) You can motivate us to post more analysis cryptocurrency charts! Thank you! ,) Mention: This is not FINANCIAL ADVICE! Just EDUCATIONAL ANALYSIS!
BITSTAMP:XRPUSDLong
by DERYMEXCRYPTO
4
Looks Elliot Wave Count Analysis Postulates a Macro Bottom!!Since conception, Looks has exhibited corrective price action in which from opening it came up in a 3 wave structure termed as W, we then came down in an ABC from the $7 high which gave the indication that an X wave correction was beginning to the downside and after a x sub wave completion $5.8 we then came down in a 5,3,5 structure to complete the y sub wave of the larger X wave; we now find ourselves at a likely bottom finding support and strong buyers at the ~1:1 fib extension of the W sub wave. With strong reversal candles and also a lower time frame 5 wave structure we can assume a new trend is forming to the upside. Looking into the future; it would be expected to see a further Macro Y wave to the upside of a similar nature to previous waves in a 5,3,5 zig zag structure towards the 8-10$ range. Please like and follow for more Advanced Elliot Wave Analysis!!
Long
by NICKVASS10
3
GBP/USD could fall! Hey tradomaniacs, GBP/USD is re-testing the recnt trendline of the correction aswell as a strong resistance-zone and could fall from here on. Important will be teh CPI-Data from the USA as they either raise or reduce expectations for a very hawkish monetary policy by the fed. Since there were rumors saying the inflation won`t be as hiogh as expected equities rallied a bit but left pound pretty unimpressed. Recent fakeout to the topside looks like liquidity-fishing. Let`s see what happens, but I`ll probably wait for the CPI =) LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
How Low Will It Go Part DeuxPrior ABC Ideas closed for blowing through projected pivot; we're dealing with a monster here, not a garden variety correction. Topping formation in Wyckoff distribution. Will sell like Hell, then bounce back into a lower high zone, then sell again... and again. Looks impulsive. We clearly in Three not a C, which should've turned today. Three typically = 1.62 x One, so likely headed to 4365 for pivot to Four. NB: Three can extend up to 2.618 of One, although uncommon... watch and see. Four will be ~ half as tall as Two by alternating EW rule, won't bounce very high and can't pass One. Five can be ferocious, may extend up to 1.62 x One but is typically same length, although commonly it measures .618% extension area of the first & third waves combined measured against the high in the fourth wave. So to get Five need to see Four. This chart a wag and guess. It's goin pretty far south IMO. WOULD NOT JUMP IN BOTTOM FISHING YET!
TVC:SPXShort
by DaddySawbucks
39