Triangle patterns are continuation signals, look for XRP to continue down either over the weekend or next week.
Looks like a dbl top forming on the 4hr that could be the catalyst to completing the rising wedge pattern on the daily. Price should fall in to the .19-.20 area or lower.
Rising Wedge formed after a downtrend so expect price to continue down unless there’s a break of resistance which I doubt since there’s a lot of bullish exhaustion on the daily chart creating a lot of wicks.
GJ is still on the Bullish side of the daily trend line. Price is still moving inside the descending triangle. Look for price to head up and touch the resistance of the triangle. GJ has failed to break the support of the trend line and triangle even with two bearish pushes from news(last week&today). Note there is a lot of sellers exhaustion(wicks) on the 4hr...
As HJ has bounced off daily bull TL, GJ could head to the resistance of the descending triangle. GJ respected the support and hasn’t officially broke the range of the triangle on HTF.
Look for XRP to continue it's bearish momentum after pattern is completed
XRP could recover some ground before heading down more. I’m waiting on the retest of the broken support
Looks like gold is stuck inside a bearish pennant, price is currently at strong support so look for it to bounce and head towards the resistance of the pennant. If enough bullish momentum price could continue up beyond resistance only time will tell.
Price could bounce off support zone and head up touching the resistance of the channel before continuing down. Has been a lot of bearish pressure and momentum in the later part of the week so we will see if it continues over the weekend into the next week.
Potential dbl top pattern on the hr and daily charts. If gold breaks the support neckline look for good size bearish move
Look for XRP to continue trading down, the bullish reversal will happen but not yet
Xrp will retest the broken daily trend line and continue down from there. In case of a bull run, Xrp can re-enter the broken pennant and head towards the resistance of it. Considering it’s a bear market I see xrp continuing down
There's definitely a descending channel on the hourly, but there may be an inverse h&s forming if price rises out of the channel. Overall I'm still bearish but can't rule out a bullish reversal pattern entirely.
I have been bearish on XRP and bitcoin but I can see a potential bull move now. Ascending triangle on xrp and falling wedge on btc both are bullish patterns. If xrp can break through resistance I will look for retest. Bearish movement still isn't out of play as there's a long wick on the daily of xrp indicating there was not enough bull momentum to keep price at...
Looks like xrp will fall down and test the yellow zone. BTC fell below the descending triangle support so I believe both will drop soon if not tonight.
Will GJ break out of the channel or continue down? Big news to come and market will be volatile.
Im not convinced that crypto is in a bull market, btc did not break 50k-52k and is still inside descending channel. Xrp still looks to be completing H&S for a big push down. FOMC news wasn’t really good for crpyto w/ the mentioning of tapering and rate hikes coming but it seems no matter what news says ppl continue to buy crypto and be bullish lol. I think when...