Very healthy retracement is finding place. We have made a full elliott wave so a correction was needed for new structure. Next stop is 38.2 fib level around $1.45 which align well with the support levels. If we break $1.45 we can see $1.11 which is the 61.8 fib level.
We are again ranging in a symmetrical triangle which leads us to the 1.618 & monthly resistance at $1.90-2 when we breakout to the upside. This is also the fifth leg in an eliot wave structure.
We broke out the orange consolidation zone & found support on it. As long as it holds the black trendline & the blue resistance zone which is now support i see more upside momentum coming this week to $2.4
We are now breaking out this blue consolidation zone where 61.8 fib resistance also is. When we break 1.45 again we are going to see our next target at $2.45 ! (1.618 fib extension) More confirmation is a daily close today above the blue zone.
Found support on the 38.2fib level & we're now ranging in a symmetrical triangle pattern which is very bullish. More continuation to the upside is coming next week ! We will probably breakout this pattern Monday when the weekly candle closes.
Currently ranging in a bullish symmetrical triangle pattern where we found support on the 38.2 fib level. Next target 1.618 fib extension. $1.74
We're currently still in an ascending triangle pattern. Market is looking very bullish in general. We just retested the 61.8 fib retracement level. A daily close above 0.602 gives us 0.67 next (78.6fib)
We are forming an ascending triangle which is a bullish continuation pattern. $50 next psychological target !
XRP/BTC chart is looking good. We found support on the trendline & we can see a 120% increase anytime if we stay above it.
We are forming an a ascending triangle on the daily. Head & shoulders is still valid but we now have 2 bullish patterns. The chart is looking extremely bullish if we stay above the black trendline. IF we breakout to the upside i see $2 as our next target.
$XDC is showing a continuation pattern. Found support around this level & is ready to take off to our next target at the 1.618 fib extension around $0.06
We held support on the blue box perfectly ! Next target is at the 1.618 fib extension around $2.43
trendline became resistance. If we can break through this trendline we will see $2500 next ! 1.618 fib extension aligns perfect with that psychological level.
We retested the consolidation zone + the 78.6 fib. Also a perfect trendline retest. Next target is $1 (psychological level)
$BTC 50K next ! why ? Symmetrical triangle Fib extension Psychological level it all aligns.
back into the demand zone & a fakeout of the inverse head & shoulders before we go up again. shake retail traders out before it really starts gaining momentum again !
head & shoulders pattern is invalid in a bullmarket when we are in the euphoria phase. Most of the time this does not work out & mislead traders. 50K is next ! a psychological level + the 1.618 fib extension.
$xrp is forming an inverse head & shoulders pattern on the 4h chart. We can see a spike back down into the box zone for a right shoulder. This fits perfectly with the monthly previous close resistance of $0.58 !