Long Persistence TokenTraders,
A coin that is honestly one of my long term hodl’s has popped up as very bullish recently. My proprietary blend of indicators are all flashing green. I’ve been learning to trust them as they are doing very well for me recently. Additionally, you can see that VRVP is indicating we are now in the “value zone”. A nice “W” pattern is in play. And the RSI is very reasonably placed. I’ve bought at .43 cents with a target of .60 (at least at first, as this is the neckline for a larger Cup and Handle pattern). SL is .35 and the RRR is 2 to 1.If we break that neckline, I may hold for a longer-term target to be announced at a later time.
Best,
Stew
XPRTUSDT
XPRT Persistence Token Showing Inverse H&S Pattern FT 1.97Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation.
Entry = Price upon candle close on the 4hr.
Stop = Somewhere below neckline. I chose 1.53
Target = 1.97 but taking profits along the way.
Risk/Reward = 3.33
Best to you!
Stew
Here's the BTC.D chart showing resistance:
PERSISTENCE OVERVIEWXPRT (Persistence) has been consolidating for over 2 months now and with the bullishness of the market the price action is approaching range high. If the PA can break above range high, we might most probably see much higher prices. These kinds of accumulations for long periods of time end up with explosive price moves.
XPRT (Persistence) Bullish Indicators All Over The PlacePersistence has been in an accumulation period for well over a year now and the price action has just touched its initial price when it was announced in public after the private sale seed phase.
Price action is now showing bullish divergences everywhere and its now heading back upwards after taking the liquidity from the market price of last year.
It might well as be a good idea to enter AFTER the break and retest of 50 SMA as it has tried to break through it many times before but could not succeed. Lets see...
Persistence (XPRT) - Another LookSome adjustments to the structural elements of the XPRT chart to accommodate the continued consolidation of the past few days. Some interesting correlations, but the target prices are largely unchanged.
What level do you feel XPRT will hit?
XPRT (Persistence) Deserves Some AttentionPersistence (XPRT) is under heavy accumulation for an extended amount of time. It is now being listed on Huobi which may now enable some more liquidity and attraction to the project. Price action is tradind right below the S/R zone; so if it breaks and retests that zone, we might possible see much more upside.
XPRT (Persistence) Idea Update XPRT (Persistence) is trying move above 200 SMA on both 4HR and on DAILY. Usually if the price action is supressed by 200 SMA for a long period of time, it ends up with an explosive move upside.
XPRT (Persistence) - Significance of BTC StrengthLooking at the continued correction in XPRT against the demonstrable strength in BTC and feel we have seen the bottom of this Wave 4 yesterday with the completion of a 3-3-5 Elliott Wave correction. Given the nature of XRP to lag BTC moves, can we expect the tide has turned for XPRT and that it will shortly rally strongly to reclaim its September highs?
Persistence (XPRT) - A first look with structureA rising channel in the logarithmic scale, with Fibonacci projection of the correction suggestion a target range.
What are your predictions for XPRT?