We had a nice day for Bitcoin our major support zone is holding the price quite nicely after CPI data was released. People need to understand that current zone around 28-30k is not just some another support level but THE most important support for Bitcoin in current times tested multiple times. There is a lot of faith and money accumulated in this zone. It might...
I would consider this pennant/triangle as an accumulation pattern. Open position now or when it breaks from a triangle. SL: 0.37 TP 1: 0.52 TP 2: 0.55 TP 3: 0.58
We should be testing 200D MA in the coming days. Typical short term rise in Bear Market.
XRP is in the very difficult possition break from this triangle and could go to 0.20 in couple of months. IMO BTC is going to break 30k and we are going to see under 20k so 0.20 for XRP is imminent.
BTC is in for last retest before a pump. There are 3 possible scenarios on my chart when to open a long position. Anything above 37k on a daily candle and bull is continuing as planned. BTC found a strong support in the area of 38500-39000. It will be hard to break for Bears, RSI resetting nicely on lower timeframes. I’m using line not candles on my chart...
XRP is going to break out from this triangle in the following days. Daily chart: And look on this amazing pattern accumulation on weekly in this huge triangle. From previous cycles 1400% is expected when this happen:
Bullish reversal is still intact. Watch the reversal support line if it is going to break on daily candle drop expected. I’m bullish from now on, RSI is resetting nicely in lower time frames:
Open short position on Line1 or Line2. Downtrend lines in huge bearish channel. TP1 i TP2
XRP is still in the downtrend, weekend is coming keep in mind people will close their long positions.
XRP is still in the downtrend channel unless broken we are going down. Wait for confirmation on daily chart when it breaks up. In my opinion we are going to retest the lower area first before a huge pump.
XRP is in a downtrend unless broken we are going down. I’m opening my long position only if daily candle is going to break the line and next day confirm it.
SOLANA is supported by golden trendline and downtrend line is acting like bottom. We should see an uptrend from here to a very strong resistance line at 172.