Xrp was holding value for a long time, losing bullish momentum and generating new lows. If the trend line breaks we can see ripple going to $0.26 cents and lower, great accumulation zone for whales and hedge funds to invest in the coin, I hope you escape the matrix, happy holidays. A.
Pennant formation. If daily Candle confirm a break to the downside we can confirm a new bearish wave. 4H pennant formation.
1H Cup and handle. Candle break confirmation. Parallel channel broke. Expecting next wave similar to last wave.
Daily chart: Daily candle closure confirmed the break of the Parallel channel. I'm expecting a retest of the trend line. At least 100 pips cycle. 4H chart: 4 retest of the trend line. expecting a 5th retest of 50 to 60 pips. Then we can break the trend line to the down side. This will lead us to the daily trend line retest. Use your better judge. Surf with the market.
Chart patterns, are becoming one of my favorites points of view in the market. Using this tools i become more aware of where i am in the market, the trend and where i can place correct entry's Lets consider the difficulty of this structures. First i am not using individual lines in this chart, i am using tool bar channels. That means that the line above has to be...
Daily candle closed, giving us a confirmation for a bull momentum. Im personally waiting for a 4H retest of the trend line . Adapting is key.
4 bounces respecting a perfect head and shoulders pattern. A next cycle may continue to 1.2500 making a retest and continue a downtrend cycle Im going to wait till a clean break to considering placing a order. Thanks for the support! Keep it consistent and clean. Namaste.
External weekly parallel channel showed us a powerful uptrend at 21$ The market created a internal daily parallel channel and made a 3rd bounce. Expecting a ABCD pattern to 26$
4th bounce after a re bounce of the ascending channel. Two scenarios may occur in the next period of time. 1. bounce to the upside creating a reverse flag or at least a 100 pips bounce before a crash to the downside 2. A break to the downside at 1.25000 creating a 4th bounce in a higher time frame parallel channel.
Clean descending channel pattern, 1.32000 next target on the line. A clean break to the upside will lead us to 1.38000 and higher. Daily timeframes create strong lines of resistance and support.
Strong trend line formations. Flag. 21.5 Ideal bullish scenario.
Weekly perspective show us a magnetic urgency to make a wick at 30k. VPFR show us a massive volume of buyers and sellers at 10K. Lets not discard the possibility of a new bear market that will last a minimum of one year before another bull explosion.
Look at a weekly perspective, whales are not trying to buy at this prices, they are trying to sell the crypto they posses. Always the crypto crashes are fast and then it consolidates for at least 6 to 8 months. We are gonna see a lot of bull traps to make us think it will go to the moon. 30K. First take profit for short. And if we have the oportunity to buy at...
Going back to the basics, Parallel channel, a clean break to the downside will bring us to a 4rd bounce in the next line. Be aware of a continuation of the channel
Triangle in 4H. Confirmations show us a simple trade, but took 4 weeks to form.
If candle breaks down we change our perspective. In the meanwhile lets enjoy the bull ride
Volume down, Wales executing sell orders, People with crypto knowledge knows when to sell and moving cost average, Time to enjoy the profits.
We take more than 200 pips in the ideas posted last week Time to follow the principles of trading. Bullish Tendence and fibo 61.80% retracement. Always use stop loss and take Profit Support in 1.17700 pull back soon