heywippa

heywippa

GALA Short-Term Price Action Update In my previous analysis, I suggested that the price would likely find support at the monthly level of $0.04358, which it has done, and resistance at the weekly level of $0.04892, which also played out. Following this, I expected a correction to form either a channel or a triangle pattern. Currently, it appears that the price...

heywippa

Current Situation Yesterday, I exited my GALA position based on confirmation from the 4-hour timeframe. Although I considered waiting for a daily close to validate the bearish trend, the strong downward signals on the smaller timeframe prompted me to act earlier. This decision proved advantageous, as we experienced a significant price drop. Broad Market...

heywippa

The recent price action for GALA has been nothing short of dramatic. In just one 4-hour candle, we saw a sharp correction down to the 0.786 Fibonacci Level ($0.040), where price wicked strongly before recovering. Here's a breakdown of my trade, analysis, and expectations moving forward. This is just a quick update given the epic drop, I will wait until the Daily...

heywippa

The recent closure of the 4-hour candle below the 26-day Exponential Moving Average (EMA) suggests a bearish shift in the short-term trend, with the 26-day EMA now acting as resistance. This aligns with the larger daily trend, which also appears bearish (refer to previous idea). I am monitoring potential support for possible price bounces at - $0.04967 /...

heywippa

Building on yesterday's idea where I analyzed short-term price action on the daily time frame, the weekly candle closure now adds more weight to a bearish bias. Weekly Analysis: The weekly candle has closed with a sharp rejection just shy of the 1.618 Fibonacci level, indicating a failure to sustain bullish momentum. Momentum Indicators: RSI: Overbought...

heywippa

The price has pushed up strongly, breaking through the critical 0.618 Fibonacci level, which now serves as a key support zone. Over the past few days, price action has narrowed, indicating indecision at this level. Momentum Indicators: RSI: Currently overbought at 82. Stochastic RSI: Also in the overbought territory at 89, with K crossing over D signaling...

heywippa

Daily Chart Analysis A rejection off a key Fibonacci extension level (1.618) often signals a potential reversal or at least a stalling of the uptrend. Low Stochastic RSI indicates weak momentum despite the RSI being in the overbought region. This divergence (high RSI, low Stochastic RSI) shows that the price is elevated but lacks active buying/selling,...

heywippa

I have been looking at everyones idea's and overall everyone is pretty bullish. I am not a bear, but my eyes must be cross-eyed because I just don't see 'Bullish'. I have shown you the Weekly Time Frame, because I think this really gives a good view of where I think XRP is at - The RSI is massively oversold, in-fact its the highest it's ever been since 2018...

heywippa Updated 

With the week about to close out, It is nice to see that XRP is maintaining structure and retraced back up to weekly support levels @ $0.4915. It is presently sandwiched between weekly support and the 200 Day EMA, with a fair few resistance levels right above it coming at every angle possible. XRP is literally at that level right, if it breaks down from here it’s...

heywippa

Purely based on the higher time frames Monthly/Weekly XRP is primed for a reversal. Price is really at that piviotal moment as it sits on quite a lot of horizontal and diagonal support. If the weekly price closes below $0.4540 I think this would be very bearish.

heywippa Updated 

So, yesterday we closed a daily candle under $0.034 finding support on a daily support level of $0.03221. Whilst I may not catch the exact reversal point, I do believe that we are in the final stages of an ABC correction and a reversal is on the horizon - Here are my reversal points of interest - 1. We could reverse from here or; 2. We could dip down to $0.3038...

heywippa Updated 

This is a nail biting zone isn't it! especially if you are leveraged. So Gala has broken support at $0.34, so I am sure everyone's thinking 'that's it!! we're going down'. But are we really? I don't think we are... here's why? - Despite breaking support at $0.34, we haven't closed a daily yet (few more hours). The 4 hour time frame is actually showing...

heywippa Updated 

What a fall from grace Gala has been, since its $0.086 high in March. All indicators are bullish so I wasn't expecting the price to fall below a monthly support of $0.039, but on June 09th it did just that, and fell down to a weekly support level of $0.034 - which also happens to be the Fib 0.786 support level. We are in the midst of the psychological warfare...

heywippa Updated 

There is monthly support at approximately $0.47, whilst price has wicked below it (liquidity grab), it still hasn't closed below the monthly. We are presently on a weekly support at $0.49 so hopefully we hold above this. If you reduce your timeframes down to Weekly/Daily we are in a decending triangle and the stochastic RSI's are in a buy position so I am...

heywippa

Hi guys, I am long on Gala based on the following TA Wave 1 high of 0.05064 Wave 2 appears to be an expanded flat correction (3 down, 3 waves up exceeding the high of wave 1, followed by 5 weaves down). Wave 3 may be in play with wave 1 being put in and the retracement of wave 2 down to the 0.618 Fib Level, we are potentially looking for a bounce here in...

heywippa

I am extremely bullish on XRP Provided support holds between $1.07 - $1.06 range and bounces back up. We have two very bullish patterns converging. On the 4 hourly a double bottom is at play, if price breaks the neckline there is a technical target of around $1.30 Additionally, there is an inverse head and shoulders at play when we break $1.27. Falling...

heywippa Updated 

I am definitely still bullish on XRP, but XRP requires a bit of patience, it has been a bit boring over the past 5 days. Price is trading inside an Ascending Channel so price can definitely swing either way. There is a possibility that price could drop lower before heading up - here are my bearish points - I feel the RSI could be lower to get the momentum...

heywippa

Very exciting times are ahead for XRP. When price breaks above $1.30, there is quite a big head and shoulders pattern is at play with a price target of $2.40. The price target of $2.40 takes us to a 161.8 fib level, which is an ideal take profit area for the next leg up. My prediction is that price will break out to the $1.40 range completing Wave 1, price...