technicalanalysis_zone

technicalanalysis_zone

🔍 Major observation: Back in 2017, when Bitcoin reached its cycle top, XRP began a massive rally, which marked the beginning of the bear market. 📊 Currently, XRP's structure looks almost identical to 2017 — we've broken out of accumulation. Is it time for the final rally? 📉 I'm betting that BTC won’t make a new all-time high, while XRP surges to $8+, kicking off...

technicalanalysis_zone

🔻 Breaking down from a bearish pattern. I expect a local decline to $114,000 - $112,000 on the 1h timeframe.

technicalanalysis_zone

🔻 Breaking down from a bearish pattern. I’m opening a short position. Expecting a move down to the $0.0705–0.0685 range.

technicalanalysis_zone

🔻 Currently in a bearish pattern. I'm expecting a drop to the $25–27 range. Opened a short position, with a stop above the all-time high (ATH).

technicalanalysis_zone

🔻 Globally, we are in a bearish wedge. The price made a fake breakout and currently looks weak. On the 1D timeframe, we’re in an ascending channel similar to what we saw in 2021. Back then, after making a second higher high, the price sharply reversed downward. 📉 I believe the relevant downside targets are $60,000 and $40,000. 🔺 I’m currently in a short...

technicalanalysis_zone

🔻 A bearish Head and Shoulders pattern is forming. I expect a decline towards $0.0062 and $0.0053. 📉 Short position is the priority.