- Resistance turned into support above 0.03 - Kumo breakout imminent on Ichimoku Cloud (below the cloud, but still strong signal) - Projected path based on what happened on the last Kumo breakout, price structure of the setup looks quite similar - RSI well above 50, but not overbought - ETH dominance will only get stronger long term
Bullish scenario for ETH/USD and its possible path up. - ETH 2.0 - BTC going strong - Rising wedge, which often in crypto breaks upwards
XRP/ETH Successful bounce from support zone on 0.0011 level Currently almost entering Ichimoku Cloud - If we end a candle inside the cloud, there's a chance for cross-cloud movement to 0.002+ level - If we don't enter the cloud, we'll have to retest either 0.00135 support zone and try to enter the cloud again, or there will be retest of 0.0011 level and...
Descending triangle RSI below 50 Declining volume I'd say it's 70/30 that it's falling down into highlighted area. Buy orders setup there.
Based on ascending triangle or what's it called and Fib retracement it could go up by 100 USD. If not, it will probably go -100 USD.
2 options as I see it: a. support zone on the bottom line of descending triangle will hold and we continue retesting 20k and possibly up b. support zone will not hold and we'll buy more BTC cheap - Descending triangle suggests a decline + H&S probably already invalidated + BBands getting tighter +/- Volume declining