Entry :1710 ( trend line retest, .618 fib) SL : 1700 TP: 1.618/ 2.618/ 4.618 depending on which pivot is broken
Entry: .653xx SL: .65550 TP: Fibunacci 2.618>
*Target Impulse 1800 ˜˜˜˜˜˜˜˜˜˜ 2nd wave/corrective + needs to retrace to .618 - .786 + TD Sequencial is complete and a bit over extended, meaning it is due for a correction + Stochastic Divergence also indicates a need for correction + Resistance/Support, Strong resistance at 1750, Strong support at 1720 ˜˜˜˜˜˜˜˜˜ 3rd wave/impulse + Impulse to 1.618 or 2.618...
* Retracement to key support at .618 + if it holds and bounces great opportunity for longs - otherwise if it breaks a short opportunity arises * Market Sentiment is overall short Contrarian pov to long * Stochastics are oversold on 4hr but not so much on higher timeframes + expecting it to make one final impulse before any major correction.
XRP/USD currently hovering above the historical fib level of 0.38 around the key support level of .237c, this could indicate a possible reversal sooner than later (End of October) . similarly, the RSI and MACD indicator is also position for a trend reversal as it is currently at the same level where previous big breakouts have been before its big move. If this...
So I was playing around with the historical data of XRP, I was looking for new patterns and new ways to draw trend lines and then I came across this... Any thoughts? *p.s this prediction is meant to be a fun joke so please don't take it too serious ;))
I guess the chart speaks for itself...
As many are anticipating, bitcoin would drop to 8k before starting its bull run... However, what people are forgetting is that bitcoin has always been in a bull run since the start of the year or even its very beginning if you look at its monthly charts. with Bakkt now live and many big names in the crypto space positive of its launched, it is hard to think that...
The chart speaks for itself... what do you think? I see there isn't really much resistance to break approaching 1$... However, I do also think it would need a right combination of elements for it to truly break to the upside, with momentum and volume, I do think a breakout above this prices won't be slow and steady but instead sudden and unexpected. In addition...