Strap in for the ride as XRPBTC looking to break out a substantial falling wedge and cause the XRP price to rise back over $1
As per the diagram below, fairly self explanatory. Price could easily move back in to our DCA or Buy Zone ranges before taking out the .85 level on the way to 1.20 where i intend to sell all my XRP. I fully expect a retest of the longer term trend line before the actual bull market commencement for XRP. I expect a move in to the sell zone before the end of Q1 2024.
DXY has given us a pinpoint retest of the 50 day moving average after breaking lower last week. I fully expect the price to keep declining down to the 103 area and the 200 day moving average. Should be great for risk on assets.
Really nice ascending triangle forming on the daily chart, watch for the break of 36k to bring in my target of 40k where profits will be taken. Should play out in the next 7 days or so. Good luck everyone.
Looking at the 50% retracement level for XRP - looks very probably we will see 1.12 before the BTC halving.
Previous trading range now broken and confirmed, daily Gaussian channel also broken to the upside and looking to capitalize on profit at .64. No specific time frames but before the end of December is expected.
XRP looking to tap the long term trend line at 1.04 then a big reversal. Looking to buy back around the breakout at .58 for a short term bounce back towards .70 before lower prices commence sub .40. Good luck
As you can see, broken trend line has come back to retest successfully. I expect a move toward the .68 level to fill the 0.618 fib level. Good luck all.
Self explanatory of the development of a bullish flag pattern that i expect to break on the 3rd touch......lets see what happens. Exit price is .65
resistance turned support....off to the races. expecting .10 soon.
Simple wave analysis shows $HBAR could be in the throes of a monster wave 3. Taking us back to the breakout that has never been tested and maybe a final 5th wave to a large wick fish towards .22. Good luck to all especially if you bought the lows.....:)
I hate to p*ss on the parade, but look at the bearish divergence forming on the RSI and the low volume! This looks like a fake out of the descending trending line and i expect this to be back to the lows very soon.
Simple third test of the bearish trend line mixed with long term bullish trend line......looks like 8k is on the cards to me.
If the death cross materializes soon which i believe it will, we're going back to retest the breakout at 17.5. Looking for longs from 17.5k as i believe the bottom is in.
Perfect head and shoulders formation on the weekly chart, along with confirmation of a death cross (red circle drawing). This doesn't look good at all and expect sub .30 very soon. I don't 'short' crypto, rather wait for perfect long entries which i will be doing when the market finally moves. Price under .30 will garner my attention.
Rather nasty looking head and shoulders forming on the weekly XRPUSD chart. Let’s see what the next few weeks hold but I am looking to enter a sizable long position at .20
Long term trend line needs to be retested before we can go higher. Entry level .24-.28 - sell @ .70-80
XRP is struggling to reclaim the weekly 21EMA at $1.02 - starting to like the negative sentiment that is creeping in to crypto right now. A lovely long opportunity is upon us when and only when XRP can close back above the weekly 21EMA. You will most likely see it go and retest the $2 mark, a fabulous 95% return - slowly and surely. Whilst everyone is getting...