We are close to break the downtrend, flag pattern is fully confirmed. If we break .23 resistance we can fly high :)
Market is unstable, bulls fighting with bears so we have nice jigsaw chart. Excellent for scalping
Direction of bitcoin, so and of ripple turned into south after yesterday green skycraper candles. We can rebounce from that blue line on bottom. Target: below support But.... We can go up higher due to thing looking like flag pattern. Target: above resistance
Well, last 2 weeks is confiming that bitcoin is directing that show. Ripple is following falls of bitcoin, but not in every step. Eg. bitcoin falls 18%, Ripple falls 5%. To make proper forecast we need to observe a BTC and XRP news and rumors. Today I see two options, so idea isn't long nor short. We can break up resistance line of past few days or go back to...
As the rule stands "bitcoin down, alts down, bitcoin up, alts down" we see that in past few days bitcoin dragged down other cryptocurrencies. We have two opportunities, 3 weeks of bossa or V shape in 3 days. Indicators looks good for long call. Set take profit on +10% of your coin, and 2% stop loss, RR 5:1 it may be profitable ;)
The chart is obvious, we almost finished Elliott impulse wave, here comes the bossa. We may reach 400 or even 410 but in longterm sight we should short it to the ground :)
This idea is continuation of this chart, target 0.29$
We are curious point in our long road from bottom. I think that we will get a flag or pennant pattern right now. First major resistance will come at 0.29$ line, looking at flagpole we have a lot of power to go on upper levels. I hope that someone followed my previous idea and longed XRP after sell news action ;)
It looks like XMR need a little bit correction, to last resistance, which becomes our new support. This is shortterm. Breaking ATH will negate this idea
The lack of demand can make a loss on DASH, but on longterm it could go higher.
XRP after taking nicely "sell news" rebounds on fibo levels like a dead cat :) We can see soon next fibo levels until te upper resistance. In long term sight, Ripple company is investing and gain more partners, so the price at now may be still promotion By the way, that is my 1st TA
According to my XRPUSDT idea "XRP after taking nicely "sell news" rebounds on fibo levels like a dead cat :) We can see soon next fibo levels until te upper resistance. In long term sight, Ripple company is investing and gain more partners, so the price at now may be still promotion"