Recent tweets by Elon Musk have sent the crypto market into a selling frenzy. But could this be a strategy by the whales to buy back cryptos at a cheaper price? XRPUSD seems to be gaining momentum and my analysis and technical indicators strongly suggest it could be a continuation of its bull run.
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im looking for price to break 1.09104 and retest 1.09315 , show signs of downward momentum. place my stop 20 pips and a R:R of not less than 3:1...
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ETHUSD pair suffered another blow today as price plunge a further -35.17%. The markets have proved that whenever price has a vertical drop it is ripe to retrace the entire move..
Price makes a new low breaking below trend line and median line..
a short rally ensues but ends as with a weak swing higher @ 0.23.
Fresh sell orders enter the market and pushes it to new lows again @ 0.16...
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BTCUSD seems to be heading toward the 6866.50 and could likely test 6400.00 before it resumes its Bull run.
This correction to 6400.00 could prove to be a very good area to buy as buyers are likely to be adding on to their long positons.
BTCUSD seems to be heading towards the 6866.50- 6400.00 major support area. This could be a great buying area before Bitcoin resumes its bull run as buyers are likely to be adding onto their longs...
ETH/USD remains bearish as price heads toward 160.91 . ETH is likely to face great buying pressure as the bulls seem to be hiding their limit buy orders in this area. a confluence of the median line , orange trend line, baseline of the breakout @153.42 and fib level 0.786 could prove 160.91 to be a major support area..
