Temporarily abandoned channel. Will it touch the w200 MA and rise? $ 0.28 support line.
Check 120 WMA in XRP/BTC charts (I recommend Bittrex chart. because it has a long time chart) 120 WMA played a major role in all three spikes in the past. The common pattern they find is that they rise after three weeks of decline. Now is the time.
See the BTC Market Cap chart. The volume is large enough.
This is a bear trap. BTC will go up to 50 WMA. We have confirmed that it protects the trend line. We also saw ETH keep 200 MA on the ETH / BTC chart. I hope this is a bear trap.
The long-term resistance line of ETH / USD has been broken, but it is resisting at 200EMA. If we close above 200EMA we can see a sharp rise. The ETH / BTC chart was resisted at the line below the triangular convergence. However, I think that it will break through when it seems that there are those who have absorbed a lot of the sellout.
Look at the Biggest trust of XRP chart! The Most Important line is 120 weeks MA! Last two time skyrokect in 2017, XRP broken 120 MA for 4~5 weeks. I predict Bitcoin to 8xxx USD line in April, then XRP/BTC will be touched 200 week MA. After that, XRP skyrocket when BTC down!
The bull is coming soon.
ETH was sold in very large quantities. Nevertheless, the USD charts were supported by more than the previous highs. Was the whale eating all of it? Please tell me your thoughts.
If btc keeps 200d ma above, next target is 5700 USD (50 week ma) 50 week ma is the first resistance in 2015. It will then fall to the $ 4200 to $ 4400 level, which was a huge resistance. It will be supported by a 20-week moving average. Good Luck~!