RSI approaching levels where this has previously seen extreme strength Break above previous high this week Clear trend reversal Still not listed on CB Famous name likely to attract retail adoption
A 5x from here takes us to flipping XRP in market cap at 33 billion USD.
Strong high volume accumulation supported by a positive MACD signal cross below the zero line looks very promising for the next 6 months
Pro's - Breaking ATH has a well established pattern of leading to consolidation and then higher moves. Clear descending wedge. Clear support. Low risk R/R entries can be post exiting the wedge on the upper trend line, or, if we revisit support, entries off of the lower trend line. Con's - This is pre halving ATH which is unprecedented. Arguably this is due to...
APTOS has held up better than most mid cap coins during todays BTC sell off. Using a conservative entry on the ascending triangle pattern we can maximize R/R for this trade by entering off the rising trend. Not at the top of the range which is higher risk. Be sure to watch the MACD for more dark green histogram hints. Light green or red prints can indicate weakness.
A rare chart pattern second in predictive power to only the famous head and shoulders is the Bump and Run Reversal (BRR) technical pattern. school.stockcharts.com If it is so powerful, why is it so unheard of? 1) They are rare. But a recent BRR of very high consequence is the 2022 DXY chart. 2) They usually only occur on high time frames as they measure...
TA GOOG reclaims Cuban's VWAP and the Guppy Multiple Moving Average including a buy signal to boot. Falls on Friday and bounces perfectly off demand. FA Given the chaos at OpenAI I can think of no other company better positioned to seize market share in the AI space. Consider taking profits at top of range (Price limit) or end of favorable December seasonality...
ETH is forming a text book ascending triangle, a bullish pattern, in bullish HTF context and bullish cross asset context (Strong tech equities, lower, DXY, lower long term US treasury rates). Is today the day for a break up?