UnknownUnicorn8519602
So our recent long position took 7hrs to hit our mark of 1.40... but at least it hit :) Moving forward we are going to zoom back out from the 1hr chart and analyze the 4hr chart shown above. As illustrated on the chart we can see a clear downwards trend pattern forming in measured waves... The last two waves down bounced just above the 21 EMA shown in Red,...
Okay, a solid blue candle has closed above a cross of our EMA's as shown in chart above. BTC has also closed an hourly candle over 50k. I have entered a long position here. I am still bearish over-all but am long short term. I expect to find resistance at 1.40
Hey everyone, So I was busy eating dinner and missed the last hour bar close above the resistance of my Triangle... None the less, Though it has broken up out of the triangle, The EMA's have not crossed just yet. Also, BTC has not yet reclaimed 50k. Now we watch closely to see if BTC closes an hourly candle above 50k or gets rejected again, and if our EMA's on...
What's up guys, so XRP has been sort of ranging with no significant price action since the last dip to (1.2) There is a lot of controversy on whether we have bottomed out or there is more downside. Until now, no clear pattern has formed, but we now can clearly see a bearish symmetrical triangle pattern forming on the 1hr chart illustrated by my black lines...
Okay guys, sorry for the delay in update. So as we can see, we hit our $1.20 mark perfectly and bounced off. Many are questioning whether the bottom is in or we go another leg down to 1.00 or even .74 This is hard at this time to know for sure. 1.20 is a very strong support and with many expecting good news from the SEC lawsuit tomorrow, it may just hold. Our...
What's up guys, last night I showed how XRP was following a standard Elliot Wave 5-wave, ABC correction pattern. This pattern was validated this morning as XRP has put in a lower low on the 4hr chart. As you can see from the chart above, the trend is clearly reversing. 1.4 has been a strong support thus far. Right now as I publish this we are sitting right under...
XRP is following a 5 wave ABC correction Elliot Wave pattern. If followed all the way through, a good buy bid would be at .74 but this is subject to change so like and follow for updates as I will be posting them moving forward. Do not listen to hype beast and euphoric twitter users. Watch the charts, numbers don't lie. I am very bullish on XRP in general,...