XRP is in the mitigation phase of the RIMC pattern (Range, Initiation, Mitigation, Continuation). Its also in a broadening wedge, which is bullish. I expect to see a big move in the coming weeks that expands out of the wedge to the higher fib levels. If 2.85 is reclaimed, its very bullish
Looks like XCN could be in a classic Range, Initiation, Mitigation, Continuation pattern. It held well on the lows when bitcoin went down. Providing bitcoin doesn't break the 97k level this week, we could see continuation to the upside for XCN. I could see this coin going to a 2 Billion market cap.
Nasdaq is forming a bull-flag / falling wedge-type structure on the 4hr. Indicators are still firing bullish on 4 hr, but also mixed signals with the kijun-sen cross, which is bearish. My guess is price will touch the bottom line of this wedge, then briefly go back up to touch the 30 min POC @ 17545, then down to complete the wedge pattern, find the liquidity...
There's a clear Wycoff accumulation pattern forming, looks like we are in the "secondary-test in Phase B" stage of the game here. I expect a retrace bounce to the first preliminary support zone and then form a 4hr channel, then drop to find the spring in phase C and then go back up to local highs in phase D.
There's a clear Wycoff accumulation pattern forming, looks like we are in the "secondary-test in Phase B" stage of the game here. I expect a retrace to the first preliminary support zone to form a 4hr channel, then drop to find the spring in phase C and then go back up to local highs in phase D.
BETR should break out of the falling wedge after updating local lows and sweeping liquidity. Should bounce here, but seems like institutional investors are selling. Conflicting stock data on different websites.
It looks like COST is making a H&S. Price might fall into the wedge, and then moon after that. Could go to the Fib around $362. People will horde Costco when SHTF, but look at what happened during C19 crisis when the toilet paper ran out. The oil crisis could put constraints on trucking and suppliers being able to fulfill orders. My gut was telling me to sell...
The fudsters are coming out of the woodwork on this one. Its ok, I feel totally comfy with my leaps. See you at $200 very soon
Sort of looks like Head and Shoulders forming on the daily. Price hasn't tested the 200 ma or 50 ma on daily in a while. Ichimoku cloud is too steep, looks like its going into the cloud, if it goes under, temporarily fucked. On balance volume needs to come back to earth and re-test trend line. Dropping daily volume on this asset should affect price. I could...
Falling wedge inside of huge reverse wedge, and and strange ichimoku anomaly seen on daily chart. This is very cool and trendy. On balance volume also mimics reverse wedge and is steadily increasing. look for large volume spikes/influxes in the next couple weeks. Possibly see 15 cents in March.
The 15 min chart for XRP printed bullish divergence, with lower lows on the price, but higher lows for OBV. Could signal possible reversal for XRP in the short term. My guess is it will make a run towards the next closest fib line, with is .2040 area Went in long on 5X leverage, target .2020
Looking to buy around $3500 level, these lines are the major support/ resistance pivot levels for btc. Renko cuts out the noise
Used the renko daily chart. Trendlines show XRP hitting $1 between February and July 2020, then $2 in November’20, if price stays in the range of these channels.
This daily chart shows a classic bull flag. Fib extension gives a target of $.80 to 1.40 Will the algos let us go this far?
Bull flag on the 1 hour chart, forming wedge-like triangle indicating end of consolidation and possible run up equal to the percentage of last run. Just a hypothesis, no new news that im aware of.