Xflrusd
XRP PotentialI had seen a pullback before moving to a potential $1.54.
Clearing $1.40 would signal this potential.
XFLR on Poloniex is another to keep an eye on as XRP gets moving.
#bringontwobucks
XFLR Master Channel HitXFLR has potential to see massive gains now that the channel has been hit.
0.388 would be the first price to clear, followed by 0.5050.
XFLR 0.382 Fib RetraceAs before, we have retraced to a 0.382 Fib level.
This should mark a bottom, however, we may still hit the 0.176 area.
Expect a flattening out from here until we hit that trend channel and explode upwards again.
At this level we may see it in the next 4-10 days.
XFLR Master ChannelEach time XFLR has interacted with this Master Channel it has had a growth spurt.
It then flattens and reconciles.
Eventually interacting with the Master Channel.
The next interaction looks to time out sometime around the first half of April.
This probably will result in the 0.5050 level being reached/taken out.
Again, the order book is extremely thin.
#firsthalfofaprilbaby
XFLR Correction Complete?As discussed before, XLR was looking to make a retracement back to the low 0.20’s.
Next resistance levels should be found around 0.388 and 0.5050.
A $250,000 market buy order could take it up to 0.36 immediately.
XFLR Path ForwardAs expected, we are testing supports after the rapid price gain.
Possibility to see low 0.20’s.
The order book is in flux as people are taking profits.
Expect this to thin out and see XFLR challenge 0.388 on its way towards 0.5050 in the coming weeks.
#flarenetworks
XRP Final Flag?In 2017 we had a breakout above the previous ATH trendline.
December 2013 was the previous ATH and in December 2014 there was an approximate 0.50 Fib retracement that allowed us to form the upper trendline.
September 2016 that trendline was broken and then XRP went on to test that line as support until March 2017.
There was one more backtest of the support, then XRP began to parabolically rise.
Throughout March 2017, XRP flagged under the 0.236 Fib retracement level.
XRP then broke out into a new ATH in April 2017.
Currently we have a similar setup.
XRP has broken through the ATH trendline, formed by the ATH and high of August 2020.
We are currently flagging after retesting that support.
If we see a rapid breakout above this current price level, we could see new ATH's in rapid fashion.
This would probably time out with SEC news that is favorable to XRP.
#interesting
XFLR Next Stop 0.5050$800,000 sell orders to be fulfilled at 0.388-0.40.
Expect a pit stop ere while supply is soaked up.
Clean path to 0.5050 after that.
Sell orders are drying up FAST!
#gonnabehuge
XFLR BreakoutXFLR convincingly broke out of the channel it has been in.
Next Fib resistance would be 0.388.
Previous fractal would put us over $1.
I had spoken about March/April being huge for XFLR, glad to see it playing out.
#onlyfifteenpercentofflrgivenoutatfirst
XFLR Thin Order BookI've discussed before how thin the XFLR Order Book is.
I figure I'd explain what I mean by that.
Let's say you had a couple million bucks to play with, and your calling was to get some Spark (FLR) token because that's gonna be the be all end all of De-Fi in the coming years.
The current price is around 0.22.
You put in a market order with $166,029.99, the price shoots up to 0.30.
You put in another order with $138,125.43, the price shoots up to 0.40.
You put in another order with $258,90.77, the price shoots up to 0.50.
You put in another order with $540,352.66, the price shoots up to 0.60.
You put in another order with $390,410.00, the price shoots up to 0.70.
So your total market order using around $1,500,000 singlehandedly caused the price to go from 0.22 to 0.70.
That's a thin order book.
All the people who are following me, put in $1,000 and we have a wall street bets scenario on our hands.
#justkidding
#dontdothat
#wellmaybeifyoureallywantto
