mithianmee

mithianmee

Hi there, I believe the price has formed a descending broadening wedge on the 4H timeframe, we have hit the bottom support and we are also sat on the 0.618 FIB retracement. I believe that we could see a bounce somewhere in this region, but we'll have to see how the market plays out. We seem to be pricing in the negative news that has recently come out, without...

mithianmee

XRP is driving me to mental insanity, nobody can tell me that this is a coincidence. This is weird price action. Anybody with a brain cell can tell XRP price is being manipulated. It is known that there have been suspicious patterns of large transactions in violation of psychological patterns typical for trading This was posted by a CTO at Ripple; one of the...

mithianmee

I previously pointed out a rising wedge in an idea of mine, it appears it could be forming. This really isn't good news. Targets are labelled on graph. BINANCE:BTCUSDT is also dragging the price down which makes pattern validation more likely. BTC has also broke below the neckline on the H&S (high time frames) and Double Top (low time frames). This is very...

mithianmee Updated 

Bull Pennant appears to have formed on the 1H timeframe, this would be targeting $2.6 region. If this resistance broke, the target of the pennant would be $2.8. We've also broken out of the symmetrical triangle with the overall target being $4.9 Will this pennant breakout and re-test of $2.6 or fail and fall back down to the symmetrical triangles resistance?...

mithianmee

What if we are actually trading within an ascending triangle?

mithianmee

Hi there, I am posting my updated analysis on BINANCE:XRPUSDT , it appears that the chart has formed a rising wedge on near enough every timeframe. These include; 2H, 3H, 4H, 6H, 8H, 12H, 1D. If this pattern confirms and breaks down from the rising wedge we're looking at the following targets for taking profit. TP1: $2.16 TP2: $2.08 TP3: $1.96 TP4: $1.82 I...

mithianmee Updated 

With XRP sitting at the pennants resistance line this is make or break, with this pattern forming we could see a decline down towards $2.08 which is the pennants support as we can see from 3 previous retests. I don't feel as if we're posed for a breakout before Trumps term or the SEC case update. BTC is still looking bearish and looks like it could decline back...

mithianmee Updated 

Hi there, It appears BTC has fallen into a Falling Wedge pattern. The price appears to be rejecting the resistance of the wedge. If it fails to break this could be a good scalp down towards the neckline of the H&S on larger timeframes of 12H/1D. It could also wick down to support of the wedge. Trade carefully. These are volatile times. Targets:...

mithianmee

Hi there, I am posting my updated analysis on CRYPTOCAP:XRP , I believe that we're currently trading within a Bearish Rectangle on the 1H timeframe. The fact we're hovering closer to the lower side of the rectangle would suggest a possible breakdown which would result in the price falling down towards the following levels; $2.16, $2.08, $1.96 - $2.16 is within...

mithianmee Updated 

Hi there, This is my updated analysis on XRP, I believe the price is forming another rising wedge in this small bull flag, I believe this is the last wedge we'll see before attempting to break ATH. I believe the price could re-attempt the pennants resistance which would be $2.43-$2.44 where I think it'll be rejected. I think this would be a good idea for a short...

mithianmee

Hi there, Would anyone be able to confirm this pattern? The exact same pattern is forming on XRP graph. It's more predominant on the 12H graph. Could this be the breakout that we're looking for? We need more time to confirm the pattern is at play and we would need a break above the neckline which is sat around $104,000 This would also mean a retest of the...

mithianmee

Hi there, Would anyone be able to confirm this pattern? The exact same pattern is forming on CRYPTOCAP:BTC graph. It's more predominant on the 12H graph. Could this be the breakout that we're looking for? We need more time to confirm the pattern is at play and we would need a break above the neckline which is sat around $2.6. This would also mean a retest...

mithianmee

Hi there, Price appears to be forming a H&S on the 4H timeframe. The pattern also seems to be forming on higher timeframes these include; 3H, 6H, 8H, 12H, 16H. I could be wrong but zoom out and look for yourself. If this resistance fails to hold we could see this pattern be continued. If it breaks below the neckline the pattern will be confirmed and we can...

mithianmee

Hi there, I believe what is a H&S is currently being formed on the 15 minute, 30 minute and 45 minute timeframe. To confirm the head and shoulders pattern the price must retract down to $2.315 and then proceed to break down the neckline. A confirmation below $2.315 would signify the pattern is in play. If the pattern does form and breaks down we could be looking...

mithianmee

Hi there, The price broke down from the rising wedge and has now formed what appears to be a falling wedge, if this wedge was to be confirmed and it broke out the price could be eyeing $2.52 The falling wedge broke down which appears to be a fake down, it seems to be repeating previous pattern that rocketed the price recently. 1H is currently forming a doji at...

mithianmee

Hi there, The price is forming HH and LH which is signalling upwards momentum is still intact, however, the price appeared to make an attempt on breaking out of the bullish pennant that we have seen forming which was rejected. The $2.49 sell wall is still intact, I believe that a second re-test is imminent and it could break, if not we could be looking at...

mithianmee

Hi there, I am posting an update to my current analysis, recently a falling wedge was formed on 4-H timeframe to which is broke down, this appears to be a fake down due to the lack of volume. The price then retracted and hit previously predicted target: $2.34 With the breakout in place and the price now sat at the $2.34 area I believe a double bottom has also...

mithianmee Updated 

Hi there, Just posting an update to my recent BINANCE:XRPUSDT analysis, the price has seemed to form a falling wedge on the 4-hour timeframe. I believe that we will see a bounce at around $2.00 level with the target being $2.34 - RSI seems to be just touching oversold region. As for the bullish pennant that is still currently being formed on all timeframes...