This chart is an update of an earlier post that has changed a bit. Always use a stop!
XRP is showing a very nice cup & handle pattern on the 4hr, and hourly chart. I think we could see a very powerful breakout in the coming weeks. If so, this could trigger a short-squeeze that literally blows people's minds, as a large percentage of XRP is being held short right now. There's also a nice bullish divergence in on the hourly chart that I'll show in...
ALGO has been forming a nice cup & handle formation for quite some time now, as I've mentioned in my previous posts in the previous weeks. The handle is nearly complete, and I have a feeling that when the price breaks out above the rim-line... it's going to be EXPLOSIVE! Good luck, and always use a stop!
Flare has been forming a cup & handle formation for quite some time now. It appears that the cup is now fully formed, and price will now start to fill in the handle. In order to fill the handle, FLARE will have to drop down into the mid .02's range, and do the hokey-pokey for a little while. Good luck, and always use a stop.
Bitcoin bounce hard today taking out the 50K psychological barrier. Many alt-coins followed as well. Some like XRP rallied a little bit, but not too much. Why? Because, the money inflows right now are mainly focused on Bitcoin, and a few altcoins, but when the Bitcoin rally runs enough, cash will flow into cheaper alternatives. XRP is showing a bearish divergence...
Today was an incredible day for many cryptos, and not so much for others. But one thing you can be sure of is that XLM has been spending the past two weeks forming a perfect head & shoulders pattern on the 30 minute chart that, assuming it plays out bullishly, is almost near the take off point! If price action breaks out of the dashed white line at the top of the...
This chart looks even more bearish than it did a few days ago. Not only does it have a double top pattern and a bearish divergence, but it now has a candle wick that has dropped below the bottom trend line. Certainly not all, but many times, this can be the 'nail in the coffin' that tips off traders that price is about to break out of the wedge pattern to the...
The crypto market as a whole has been moving up nicely recently. XRP has gained some ground, even though it hasn't moved near as much as most other cryptos. It is now showing a bearish divergence on the 1 hour chart, which could be a sign we're going to see a pullback. I'd recommend caution here regardless of the cryptos you hold, just because we've seen seen...
Here's a closer look at the current HBAR chart, and where it's at after the recent breakout.
XRP is exhibiting a very nice bullish divergence on the daily chart. HODL!
LEVER is one of the lower price cryptos that I like to trade on a regular basis. It's now showing a strong bullish divergence on the hourly chart. When this divergence corrects, it could be the backing LEVER needs to punch up through the upper trend line of the wedge pattern that is nearly at its end. I'll be trading it to the upside. Good luck, and always use a stop.
XRP is arguably the most hated crypto in the space right now, but it's forming a very nice inverse head & shoulders pattern on the hourly chart, and has just crossed the neck line. We could see a really nice rally right here if it holds above that neckline, if so, it may pull back to it, then bounce off it like a trampoline. Other cryptos have been having nice...
I posted a previous chart that surmised a potential cup & handle may be attempting to develop. Now that the recent breakout has pulled back, it has given us the ability to determine the height of the cup, and the pullback will also help us to determine the potential depth of the lower trend line on the handle. The white dashed line is my estimate of the general...
This is an expanded version of the previous HBAR cup & handle chart I posted. This one includes a date moniker, and an expanded u-shape to help judge the overall time frame involved, assuming the chart pattern plays out.
MONERO is showing one of the largest bullish divergence gaps I've seen in a long, long time, after dropping about 40% in a day. This was obviously a coordinated attack to manipulate the price of XMR, as it is hated by the power's that be, because it can not be tracked, traced or controlled by their corrupt ring of criminal governments. Their pathetic attempt is...
XRP has dropped below the bottom descending wedge trend line, and is now in very dangerous territory! If price fails to get back above the lower trend line, it looks like XRP will literally sh@t the bed, and fall off a cliff! If this is the case, we could see XRP in the lower .40's quicker than you think. Selling into the market by short's opening short...
Media companies have been getting the pants kicked off them lately, and NWS - News Corporation is at the top of an all time high on the charts, which may provide an incredible opportunity to capture a very sharp decline in the price. Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could...
PURPLE, yes the mattress company, has bee getting hammered for a while now. Their stock price was mile higher than it is now, but it looks like the bottom may just be in. And, it's gone down so much, compared to what it used to be, that the risk involved in investing, or trading it has decreased as well. Keep in mind that this company is extremely subject to...