Jayed

Jayed

This is just an update on my ideas from Feb 6th & 7th, view my Feb 6th post for in-depth analysis. The price is behaving a bit more bearish than my projection lines indicated, but the pattern and timeframe for the pattern unfolding has been spookily accurate.

Jayed

Just a thought. Could be wrong, if the "spring(?)" was just slippage, then expect to see a price correction as low as $1.58-$1.55, before a strong bounce back to the current range for a final test, before lift off!

Jayed

The daily RSI assessment is primarily based upon the fact that the last time XRP's RSI was this low was before the election when price was only $0.49; yet the price is currently $2.34. This is not a bottom call at $2.34, there's still a strong chance the price could collapse as much as another 33%, to around $1.58 before the relief rally. However, the broader...

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XRP has just broken below this movement's supporting Trend line, showing a sign of weakness after an already historic rally, climbing from 7 year depths to just shy of it's ATH within just a month. The question now is if what we're seeing now is the start of a dead cat bounce, that will see XRP return to retest $2.00. Or, perhaps XRP bulls are just taking a...

Jayed Updated 

I'm sharing this as a follow up to a call I made on Reddit as we were running on $0.72 where I called the $0.72 peak and projected a retrace back to $0.55. As we're now nearing the range I called, I've decided to do a bit more thorough price analysis to delve into probability of different short term bottoms as well as projecting the most likely EoY/Q1 price...

Jayed Updated 

In my last chart, we looked at XRP's weekly RSI, which had just hit an all time historic low. But because it was an unprecedented move, there were very few data points to try to put the potential ROI into context. So today I'm having a look at XRP's daily RSI. Because there's a bit more noise in the daily RSI, I am being rather selective with my data points, and...

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Apparently these bears aren't paying attention to XRP's weekly or monthly RSI. This is the first time in XRP's nearly 9 year lifespan that it's weekly RSI has fallen to 30, and as any trader worth their salt knows, an RSI of 30 or lower is premium buying signal. Which means XRP is flashing the biggest buy signal in it's entire history. This is the first time the...

Jayed

Looking like XRP is ready to collapse back to the $0.64 range any day now and begin the ugliest phase of what will be remembered as a short 2 year bear market.

Jayed

While I'm posting this as "long" the chart obviously says we're going to form a double bottom, or go slightly lower than our recent $0.62 low. Everyone is talking about 'alt season' going into March, and as history shows "everyone" typically get these calls wrong. So I'm taking profits here & looking to re-enter near the double bottom. Could price fall out back...

Jayed Updated 

Maybe I'm just a hammer who's starting to see every chart pattern as a Wyckoff, but we've broke strongly below our ascending support & a full wyckoff is able to be drawn on the hourly, suggesting that we're about to see the price correct back to it's mean of $0.74 again. This makes sense in my mind as I was under the impression that a healthy rally off the...

Jayed Updated 

I'm back on board with my call from last week of a return to $0.67 for XRP. This time instead of using wyckoff, I've adjusted XRP's 4 hour price history (from it's initial run up in March 2021 until present) and the price correlation to this week is too striking to ignore. If this plays out, we'll see as short term peak below $0.83, before returning to the high...

Jayed

XRP's breakout Monday is seeing continuation today, as XRP is pushing through strong resistance at the 1900 sat range. Suggesting a strong potential for another 36% run in the coming days. If this move is driven purely by XRP pumping, expect XRP to run from $0.86 to $1.10. However this could also play out such that XRP consolidates/flatlines around it's current...

Jayed Updated 

I'm not really confident that this pattern will finish printing, but still wanted to share it. A sharp eye/individual who's familiar with the Wyckoff patterns will notice that the price violated the pattern at least twice, once near the AR and in our most recent leg up, when it ran straight to the resistance level & has now collapsed back down. Perhaps this is...

Jayed Updated 

The fractal is XRP's fractal from 2017. Probably nothing. Not financial advice.

Jayed

I'm guessing the longer the time frame, the smaller the break out.. right? ;)

Jayed

I took a look into my crystal ball and this is what the chart & fundamentals look like.

Jayed Updated 

CELO/CGLD alone is the only one of 6 digital assets promoted as top in class regarding decentralization, scalability & energy cost, by the World Economic Forum to have a total supply Market cap below $10B. The price target of ~$28 would place CELO with a Market Cap just shy of $9B. This would place it in the lower value end of it's fellow WEF tokens, ADA ($66B),...

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Granted, there was nearly a 3x difference in the amount of volume between these candles' volume ($6.5M vs $2.5M), the price fluctuation is an order of magnitude less volatile. What this suggests to me is that the market has determined this sell off was either premature or dramatically oversold. Zooming out, it appears XRP has just been primed for a strong rally,...