It is really pretty when you see it. Large Moves Across a Multi-Year Chart that take a pause at .618. Low December 2018 to High February 2020. Randomness and Chaos appearing as Order.
XRPUSD is an a steep downward trend with the potential to break out in the next couple of hours. XRP has moved up very strongly from the 1.65 range which is double bottom. I think we see a nice pop to upside or we are going to stay in the trending channel downward. I won't be surprise to see it test 1.65 again before we move up. The entire move since early...
ETHUSD - At some point this will end but this price channel is Insane. Won't continue forever and will need to take a pause. I think money is cycling into Ethereum and out of other cryptos. We could see this uptrend for another few days but I won't be surprised if it takes a big pause before 1400. I am long ETHUSD.
Looks Like XRP is going to retrace all the way down to the 1.40ish. We could see some support there. Otherwise don't be surprise when it runs all the way back down to the .85ish level. Like a falling knife with no real support.
Bitcoin needs to break above the aggressive downward trend over the past week. If not we will see BTC in the 12,885ish range. If not we could see much lower. Potentially all the way down to the Fibonacci Retracement Line of 8730ish per the chart. Good Luck and Stay Safe yall.