Keeping an eye on $XRPs correction after such a massive climb. We look to be bouncing around in a falling wedge (in orange) that's sitting within a larger, 3-week channel (in green). The tip of the falling wedge intersects with our previous rising wedge support (in blue), our channel support and .236 fib. Also of note, the 1/2/3/4h RSIs are all...
Watching the action on Bitcoin and there are so many potential scenarios. We're currently trading within a falling wedge, a wedge that extends into the beginning of next week where we should see a new wrinkle introduced into crypto... futures. We've found support in the wedge on three occasions over the last few days and resistance five times. Based on the...
There's a clear, large iH&S on $BTC. If the pattern were to play out, our target would land around $10,500. With CME rumored to be launching early, this could either drive price through the roof or push the price way down (Wall Street will have an opportunity to go long or short). This would be a very risky play, keep a watchful eye on it.
The dislike for $MTL in the crypto community is well established, but even so, it looks like we may have found a bottom for a potential play. In addition, Metal is the primary sponsor for Richard Branson's Necker Island event, Necker Cup, which is being held in the Bahamas from Nov 27 thru Dec 1. With TA and FA combined, $MTL might see a trend reversal, or at...
$XRP making a run for it? Post SWELL lows stopped higher than expected, establishing a relatively stable floor around $0.20. We've had a long period of accumulation, and adoption + transaction volume have been quietly climbing. Potential bullish confirmation, breaking the pennant on Bittrex. Not quite on Kraken, but getting close. Price targets still are...
We can't seem to break the downward trend and it appears a test of the low $5ks, upper $4ks is still on the menu. I'm thinking it all depends on how Monday morning responds. If we drop fast and hard, it looks like an entry between $5100 and $4900 is possible. If our continued drop is a slow and drawn-out drop, I could see us bouncing off the top of the daily...
$XRP looks to be setup quite nicely for another run. The daily RSI has hit rock bottom for just the third time since July indicating that it's way oversold. In each of the previous two occasions, we've seen $XRP bounce from $0.1486 to reach to $0.3029 and $0.2950 respectively. Now that we're sitting at what seems to be a solid base ($0.200 -> $0.05 higher than...
Picked up $ETH on a recent bounce off support. Plan on riding our trend to two targets, both reinforced by resistance lines established over the last two months and fib retracements - looking to pull profits out at each target. We could see a slight pullback overnight as the 1/2/3/4 hour RSIs are topped out, looking to bounce off our support and jump start a...
Tracking $XRP as we near the SWELL conference. This weekend is potentially the last chance for a worthwhile retracement, quite possibly our last opportunity for consolidation and accumulation before we spike leading up to one of the most highly anticipated crypto conferences ever organized. Great TA + FA - all signs point to a no-brainer swing trading...
We've bounced off of a pretty heavy resistance at $0.24 for the fourth time over the last couple weeks. Pair that with RSI trending upward and all of us heading into the weekend (which typically sees lower volume), and this weekend could see a relatively nice dip - creating the last best chance to add to your $XRP stack leading into the SWELL event. Our first...