It's making an oscillating pattern on the chart that's pretty easy to follow into a channel. I'd short. The date and price range is set for when it's gonna be a good time to buy if it continues to follow the pattern.
EURUSD seems to be forming a bearish pennant. I’m investing short nearing the end of the pennant. Hopefully I’m wrong and EURUSD takes off, but that doesn’t seem to be the case so far.
Gold is in a rising wedge and appears to be preparing for another fall. It's been consolidating since the last loss and may go down even further.
Don't follow my advice because I am not a professional, but use my advice to influence your decisions. I'd enter now and sell in the target zone.
This is my first published analysis on a US commodity but I've done trend analysis many times before. This is looking to be a final drop on GOLD 0.46% 0.44% before it hits the bottom line before proceeding back up (following an uptrend pattern). I'd buy in at: 1332 I'm setting a take profit at: 1318 And I'm setting a stop loss at: 1340 Comment below and...
It will more than likely take a dip after rising a bit, just as the saying goes - All things that go up must come down It shows a pattern of having potential to rise to anywhere in the 5000-5600 sats range within the next few days. I'll continue to update this and do further analysis on XLM.
As you can see from the TA on this chart, XRP seems to be forming a bullish pennant and may hold for a possible rise. If you set stop losses I'd set one at 5-7% loss. I will continue to analyze XRP for the coming weeks.
XRPBTC is making a small downward trend after rising from an ABCD pattern. I think XRP will soon rise a bit, I will keep this post updated on how it looks to turn out.
STEEM, XRP, and XLM are all following the same downward trend at -21.4%. They're all heading towards the 0.236 fibonacci retracement line. I will continue analysis on these three over the next few days.
Now is the time to buy XRP as it's hovering around 20K sats. It looks to be on track for hitting 26K sats. I've bought all XRP that I can before it takes off.
XRP seems to be forming a double top and I expect that it will drop some later today. I'll update later if any changes are made to the formation and what we can expect to see if it doesn't follow pattern.
Right now, looking at how the symmetrical triangle broke bearish. I am expecting NEO to hit 580K satoshi before it moves to its next sell target.
This is just a basic analysis based on past patterns. Based on the past major increase in price of XRP, it looks to be that XRP will increase to somewhere in the area of 38K satoshi. The representation of the prediction follows my previous statement of XRP being on track for 38K satoshi within the first week of January, as you can see in one of the updates on...
Looking at the fibonacci retracement and past patterns, XRP is on track for a retracement down to about 15000 and then back up to around 22K as the next sell target.
Though I'm not fond of the possibility of this over my fibonacci retracement, it is still possible to see XRP drop below what was originally thought before hitting its higher target. This below, is the main possibility and what I think will most likely happen, but that's just my opinion based on past patterns.
Litecoin is forming an ascending triangle, if it breaks resistance then I expect it to reach $400, if it falls below support then we'll have to see how it looks from there.
Based on the resistance and support points I've drawn, my thoughts on NEO within the next 36-48 hours seems that it will break the resistance and continue on the track for the long term goal of $110 (0.0063 BTC), expected to hit sometime in Q1 2018. (Disclaimer: In no way am I a professional, I am simply stating my personal thoughts and ideas on the market)