sunnyk92

sunnyk92

Further to my recent post on XRP, it is safe to say my expectations were surpassed by some distance. We are officialy in a weekly uptrend, once we haven't seen for some time now. A push as significant as this can be visually understood easier on the weekly timeframe . As you can see such a push we should/could expect a needed healthy correction. I do expect price...

sunnyk92 Updated 

It is safe to say XRP has been on an impulsive breakout ride in the last few days. To cut the noise and understand Market structure truly I like to re-visit the weekly and monthly timeframes. The weekly time-frame pinpoints the importance of the weekly close on Sunday night . If the weekly closes above the 80 cents regional zone of supply and demand, we can...

sunnyk92 Updated 

This is how I expect XRP to go in the coming few days. From its recent impulsive breakout we are in a current state of relief. I wouldn't be surprised if we see the region between 0.75 - 0.80 region being tested once more before a bullish move. To achieve this we will need a breakout below the 4H support directed. If we are to create a nice daily close above the...

sunnyk92 Updated 

XRP has fallen significantly since the fear and dispute between SEC and Ripple. Technically , with every impulse comes retracement. Until any further clarity is provided , it is still very much a grey area and we can expect price to retrace to the level directed before taking another fall. Lets see how this develops.

sunnyk92 Updated 

Price action would state we are correcting from initial push to the upside. On the daily timeframe we are still in bullish territory and if we create higher highs on the 4H with a valid retest we can expect price to re-test the highs as directed. If we switch momentum via breaking of the daily support we can expect price to move as directed. Trade safe! Sunny Kumar

sunnyk92 Updated 

Todays bearish action across the board is mostly owing to the price action of BTC. If we are to break the 55k level , we can expect price to test the 52K level once more. If the market leads to this break , we can expect short term further bearish moves across the board. If we are to break the resistance around 58.5K we can expect to re-visit the ATH and beyond...

sunnyk92

Since it's inevitable recent rise and finally breaking through the major psychological area of 0.80 we can definitely state this move was with intent. XRP was destined soon enough to break out this barrier given we are certainly in a crypto bull market. The lawsuit filed by SEC toward Ripple had for sure put a hammer in the works, but since its progression we...

sunnyk92 Updated 

Potential higher risk shorter -term buy coming. If we get a significant break and retest of this region marked we can expect price to retrace to non-tested terrirotory (structural retest region). Again this is higher risk , I personally would risk small on this particular trade as daily is still pointing towards the downside.

sunnyk92 Updated 

Daily close is key. When you look at this crypto measured with its BTC counterpart, you understand there is lots more growth to come. I would need a strong daily close above the trendline and daily lower high marked to start the push back to the upside. This could potentially start the push back up. Let's see. Trade safe!

sunnyk92 Updated 

EURNZD had a nice breakout to the upside from its recent demise. An extended impulse almost always will correct. If we receive a nice short term higher high we can expect a push to the upside directed. Trade safe, Sunny

sunnyk92 Updated 

Price experienced an inevitable correction from its recent extended bullish run. Price is in an overall liquidation state, if price breaks lower high we should see price hit the tops as directed. If within the liquidation channel, we experience a break and continuation pattern on the 4H support, we can expext price to push down as directed (this sell is of higher...

sunnyk92 Updated 

Bitcoin looks to be respcting the pyschological level of 52K and may be finding some form of support. However if we are to breach this area we can expect a sharp decline to the 48K level as a first potential trade. If we break the last significant lower high (resistance) at 56K we can expect price to move back to its ATH and beyond. Patience is key. Trade safe

sunnyk92 Updated 

Since the finalisation of the Brexit deal, sterling has seen price rocket in the last few months given the optimism and relief of the brexit drama. Since the recent bullish price action we had slight movement to the downside. We are now stuck in a range . If you look closely, within the range . an inverse head and shoulders can be seen. If we break the range...

sunnyk92 Updated 

Price has been declining of late owing to the price hike in crude oil. Since the prior weeks decline , price has been liquidating. If we see 2H structure support broken we can expect price to visit the lows as price is behaving this way. If we break last daily resistance/lower high we can expect price to push up given a continuation pattern is seen. Trade...

sunnyk92 Updated 

We may have potential shorts on our hands with this pair. After the last weeks bearish price action , a correction of any form was inevitable. Since correcting we have started to make lower lows on the shorter timeframes. If we break last significant higher low directed , we can expect price to push down another leg. I will be waiting for a 1H or 2H retest....

sunnyk92 Updated 

We need a convincing daily break of the 0.50 before considering push to the upside. Daily / weekly t/f is key Trade safe, Sunny

sunnyk92

Price is currently sitting within a range that is looking primed to breakout. If we see price break out of range and then retest the area broken we can expect price to continue to its intended direction as directed. This is a small personal investment of mine in this small-cap alt. The token has some great backing and technicals seem great too! Trade...

sunnyk92

Bitcoin just doesn't look like slowing down, with having enormous gains since the the start of the pandemic crash dating back to March 2020. As aforementioned in previous analysis , gains as such come with relief or pullbacks technically speaking. If we are the break the daily structure support directed, we can expect a pullback to the 52K region. if we break...