Nice healthy downward consolidation preceeding today's pump off the flipped resistance of the channel. As long as we flip local tops as support their is no reason why we cant continue up in the coming weeks. If we stay out of that channel up till the weekly close i think retest of aths is a fair target. If we break aths i can see things topping out around 5$.
back test the .618 as support within the rising wedge and bled past it in the wick to test the .5 macro fib retracement. This same exact set up reminds me of BTC before it broke its rising wedge around 10.4k realizing its massive rally to get rejected at resistance around 11.5k. SO is xrp about to get rejected around 30 cents? find support at 28-26 maybe for a bag reload?
Think we found ourselves in a rising wedge. would be potential bullish structure to complete wave three here. Strong bounce off the 618 and 4/1 gann so i wouldnt be surprised if we just ran or decide to consolidate a little and do some kinda double bottom. On the other hand, if btcs rising wedge breaks to the upside (targeting 11k+) then i believe xrp and eth as...
Another reason to be bullish on XRP... As my previous ideas suggest 28 cents is likely the move if we decide to go up. I'm going to speculate if we do make an attempt to see those levels we'll break into a bull market this time around instead of getting met with rejection, and this is why. Volume got into the dip.
XRP was bugging me so we had to make our speculation before i could get some rest.... if all pans out 34 cents by the end of this month. I suspect we are currently in our corrective pattern b of our 3 wave harmonic impulse to see the continuation to wave 3 and ultimately make our way to 5. an abc correction of course retest some support and make our ways into the...
if parabola plays around the 618 similar to XLM Would make a lovely 5 wave impulse to complete wave one of five of this years bull cycle. Could see 28cents end of month. Last resort for support upper 18 cents..
second line of parabola isnt confirmed just yet... xlm bounced at the .618 before clearing out the fractal.. although xrp has the daily 100 ma sitting pretty on xrps 618 retracement in the middle of a maribuzu candle offering strong area of support to confirm a line two and have a friendly continuation to a bullish parabolic structure to 26-28cents.
Something similar could play... both times was on heavy resistance just a thought.
Coins are starting to move dont forget xrp moves last, or when least expected. Healthy downwards consolidation on 200MA 12h and 23h starting to curl up. We're in a good range to buy this coin. Targeting about 27-30 cents.
So far we have a few things indicating solid strength in the market... A possible thir "stair" up, and small selling wick on previous hours closing... we have some room to send one more blaze of glory to reach newly found resistance on the hourly. The 4hr closes in just under 3 hours now with a resetting rsi of 56 and the 3 hr 70. We can have another leg up on the...
Knowing price action runs on an algo i've been experimenting with interesting time frames amidst this interesting development on btc. Tossing a 23hr candle to the charts I noticed how close the 50&100 MA were to have a golden cros. Noting this i zoomed out and just observed the trend line holding us back for sometime now and noticed with the exception of the...
We ate up so much of the candle on the weekly after we dumped to historic trend line.. People want btc. Held strong support on that weekly candle body.... This whole slow movement upwards just makes me think whales are accumulating more coins but seeing lower lows after testing resistance on the trend line 8 times makes me think we very well could break down......
holding nice support for now and ofc if you shave just 10min off hourly 15$ gap preventing golden cross.... until we break support and close it on a hourly i gotta say im still bullish... will we bounce off resistance just to hug the descending trend line to break it? Will we break it with force and bounce off 7.5-7.6?? or will we simply flip it as support....?...