im just poking and hoping here, but that 10th feb sure looks interesting for the corn...
Fibonacci lines up almost too perfectly with the cme gap meme... i do wonder
xrp is making great gains for those who traded near the bottom (as per my previous charts) we are at some resistance here now: - 200dma - monthly 7ema however this is just the start of the big wedge breakout (line charts shows clarity). will xrp ever surpass btc in terms of stature - faster and cheaper transactions with real world uses... would you bet on it?
im not saying doom and gloom but there is a snap back coming: - rsi above key value - strong divergence present - similar date range of previous 2 div pumps - at resistance - "bullish at the top / bearish at the bottom"
you know the score, weve done this before :-)
fakey head and shoulders at top and bottom to generate liquidity for the abc up and now the abc down... doesnt mean we wont see >11k this year tho ;-)
would mean a possible dump to support followed by some grind and lift off. 'if'
Both script A & B still point down, a few weeks above $10500 would change my mind and scripts may flip to bull. see tradingscrips.best for more info on the scripts
Script A is on bullish test to see if can go higher, as it drops into cloud this produces early sell sings (S1), no impact yet as can still recover but one to watch if it drops below for an S2... interested in these scripts? see tradingscripts.best
both scripts are flagging buy signals, this looks good here - buy the dip? to gain access to these scripts visit tradingscripts.best
could we see a push to 9500-11k now? learn how to use these scripts at tradingscripts.best
both scripts on the 12h have navigated the chop and produced results. following ScriptA would have made one trade with 20% gains at 1x following ScriptB would have made a fw trades with similar outcome at 1x using A+B together is the most powerful combo, with the likes of deribit where you can have a swing and scalp account side by side you could net maximum...
different timeframes show different stories. the main part of this post is to show most timeframes excluding the daily and 3 day the downtrend is not broken. line chart takes away noise of candles and wicks.
the similarities are so close to bitcoin that one cannot ignore its price action. breaking up out the symmetrical after having major bear divergence is either something we may see some impact of soon or it gets swept under the rug and continues, from TA it most certainly has to close back inside but who knows with this world ;-) ScriptA been long for a long time...
both scripts have shown great results across the 3 day bitcoin chart but what makes this last move favorable long term is: 3day 200ma below price ScriptA cloud thinning about to produce a long 'L' signal Parasar now below price 7ema and 14ema have crossed above scriptA cloud ScriptB is already a buy signal ^^^ would be a brutal bull trap to create these signals...
scriptA and scriptB both point to up movement for ripple. i wonder if this may be a leading indicator for bitcoin too? to make use of these scripts visit tradingscripts.best
both scripts picked up that longs were piling in. for 1 month 23/11 - 22/12 longs climbed and climbed as price moved sideways. what does this mean for price action, longs climb and price is sideways, hidden divergence? long squeeze ahead? to gain access to these scripts visit tradingscripts.best