XRP is forming a potential Head and Shoulder on the 1D timeframe. The target for the breakout hits exactly on the 1.618 fib of 1.78446. This pattern could take a couple weeks to fully play out, lets see if the right shoulder forms this week and see from there. Let me know what you think, I am always open for feedback on my TA!
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In this chart you can see my view on the short term move for BTC. In scenario 1 we retest the trendline and most likely bounce upwards towards the 0.382 fib level of 52289. In scenario 2 we do not have a breakdown but instead hold the 0.236 and have a little move up. Based on the RSI I would say that scenario 2 is more likely because it is already hugging the...
Heading down towards the previous support level of 0,82307. Lets see if we can hold that level and bounce back up towards the 0.382 fibonacci level of 0,91932. We also formed a death cross so not looking good at the shorter timeframe. On the otherhand the RSI is hitting the bottom of the zone so is looking for a bounce. Getting some mixed messages! Let me know...
Heading down towards the previous support level of 0,73894. Lets see if we can hold that level and bounce back up towards the 0.382 fibonacci level of 0,79935. We also formed a death cross so not looking good at the shorter timeframe.
As you can see in my chart there is a cup and handle forming on the daily timeframe. As long as the handle doesn't break out to the downside we should see a big move in a few days with a breakout target of 0.97354.
In this chart you can see my short term analysis on Cardano. I expect we have a small retrace to the EMA 20 and bounce off of that line towards the 0.382 fib level if we can break the previous resistance level.
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In this chart you see my next targets for XRP on a short term timeframe. These targets are based on previous resistances on the trendline you see in BLUE. I expect that we have a retrace to trendline and go on to9 hit the first resistance next.
