It's weird. ETH chart shows a bearish setup while BTC chart looks willing to bust above 12k. I'm currently in an underwater short that I could close but my intuition tells me price is going way lower for the moment. The brief hope to cross 12k I think was created by whales manipulating the market, as proven by the previous million-dollar sell walls that drove ETH...
See my previous call here. Following structure perfectly! Real Vision interview due out next week! So many great things in the pipeline for Quant Network!
as you can see the , nothing much has changes for xrp here...still under the 50ma, under the pivot, flirting with the 8/21 EMAs, and stuck in a pennant, consolidation is about to come to a close. sell signal on zero lag macd, rsi flat, stoch rsi is high...all of the signs of a fall are there, and this perfectly lines up with a BTC run to $9600-9500 thus closing...
You can see the last time it broke out of a similar setup, it was massive.
This will require patience as this is on a higher timeframe so this is a more long term view.
Chart is showing weekly timeframe.
XRP has be hovering and closing above the support shown on chart at around 233cents, which means sellers are exhausted, technically buyers rule!
Fundamental is bullish (good news how XRP partners up with a lot of world banks and financial institutions)
Also, COVID will change the world monetary system into digital to get rid of...
--- this is a 3 day look so i could get more data on the screeen. the drop to "the basement" would test and reject breaking the daily 200ma. --- XRP failed to hold the 200 MA, and has fallen back into the 2.5 year long bear trend again... indicators are pointing down, fib lines are breaking south, support lines are failing. under the daily 50 MA, 100MA, 8ema,...
RANGE BOUND WITH THE AREA AROUND 0.000170-.0002300 ACTING AS GOOD SUPPORT AND POTENTIAL BOTTOM.
WE APPEAR TO HAVE BROKEN OUT OF THE DESCENCING MARKET STRUCTURE AND AS I SPEAK , WE ARE TESTING THE CRITICAL RESISTANCE NOW SUPPORT ZONE ON A WEEKLY TIMEFRAME ON THE USD PAIRING.
AS FOR THE BTC AND ETH PAIR,STILL IN A FALLING WEDGE AWAITING BREAKOUT SEEMS TO HAVE ...
structure is to the upside
30 cent psychological level is super super key for buyers to hold
above 30 cents we could most likely buy this into $0.31/0.32/.3250+
Invalid below 29 cents
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