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Ripple Is Still Eyeing All-Time HighsRipple is in strong and impulsive rise after we spotted a bullish break out of a larger weekly bullish triangle pattern. It's actually already at 2.9 area and there can be easily space up to 3.3 all-time highs area. Looking at the 4-hour time frame, we saw a nice extension higher within wave (3), so after current wave (4) correction that can be completed as a nice and clean A-B-C flag pattern with textbook support from 2021 highs, be aware of another push to the upside for (5). Just in case if Ripple stay sideways for a longer period of time, then we might even consider a bullish triangle pattern in wave (4), but sooner or later we can expect further rally within wave (5) towards all-time highs area. Why XRP Is higher? The reason for this push higher on ripple, which has been outperforming in the last few weeks, is the upcoming launch of Ripple USD (RLUSD). Ripple USD (RLUSD) is a new stablecoin aimed at bridging blockchain and traditional finance. "Designed for enterprise use, RLUSD focuses on stability, efficiency, and transparency, enhancing Ripple’s cross-border payments and meeting the demand for USD transactions".
BITSTAMP:XRPUSDLong
by ew-forecast
1
TIA (Celestia) Main trend. Maximum targets of the cycle. XXL+10XLogo of rhymes. Time frame 3 days. Everything is shown and described on the price chart of this pre-planned super hype, to earn super profits out of nothing. "Collected" (principle and scheme of deception) for 7 rounds of financing (the principle of the "access pyramid") - $ 156.5 million. This is the principle of super pumping and listing on exchanges for super huge profits of almost all hype assets since 2020. Under the logic of the chart, as a rule, they pull under the general trend of the market cycle by another + 800-1000%. According to the chart, the average price between accumulation and distribution of the cycle is usually 500-800%. The main thing is to keep the logic of the chart under the general market cycle (for constant small, imperceptible sales). Such assets are constantly sold in trend, which is logical, there is no difference between 50x -100x - 1000X. No matter how funny and illogical it may sound, while the “whales” are selling, you can be in the asset and be safe. When sales stop, that is, there is no interest in maintaining the hype, the prospects of the legend and the liquidity of the asset for sales, - a sharp (hack, break-in, or other fiction - justification for "closing the project") or slow death (the asset loses major players and demand / supply is given into the hands of “the majority of those waiting for XXX, who will never be”), that is, depreciation and scam. The previous legend of prospects does not matter, as the focus of attention of the crowd shifts to other freshly created similar assets and marketing to attract “fresh blood” of new stupid money. All new assets are created, and most importantly advertising, at the expense of profits from the previous ones, only on a large scale. This is a disguised Ponzi scheme, which everyone agrees with, as they are sure that they will not be “the last”. Linear for clarity. Local game.
Long
by SpartaBTC
2
Bitcoin - Weekly Forecast - Technical Analysis & Trading IdeasMidterm forecast: (Daily TF) 73777.00 is a major support, while this level is not broken, the Midterm wave will be uptrend. A trough is formed in daily chart at 92424 on 12/23/2024, so more gains to resistance(s) 99607, 102700, 108293 and more heights is expected. Trading suggestion: There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (94200 to 92231). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (94200) Ending of entry zone (92231) Take Profits: 99607 102700 108293 110000 115000 118281 120000 125000 130000 134468 __________________________________________________________________ ❤️ If you find this helpful and want more FREE forecasts in TradingView, . . . . . Please show your support back, . . . . . . . . Hit the 👍 BOOST button, . . . . . . . . . . . Drop some feedback below in the comment! 🙏 Your Support is appreciated! Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Have a successful week, ForecastCity Support Team
BINANCE:BTCUSDLong
by ForecastCity
15
"BTC/USD Price Action Analysis: Key Resistance Levels Ahead""Hello Traders, Here's my latest analysis of Bitcoin (BTC/USD) using price action techniques. The market has recently shown a significant downward move, but there is a potential for recovery based on the current structure. Key Levels Identified: Support: $95,548 Immediate Resistance: $102,826 Major Resistance: $107,841 Scenario Overview: Based on the current price action, I anticipate a potential bullish reversal from the $95,548 support level. The market may test the resistance levels at $102,826 and then move towards $107,841. Trade Plan: Entry: Around $96,000 (upon confirmation of reversal) Stop Loss: Below $95,000 Take Profit 1: $102,826 Take Profit 2: $107,841 The yellow horizontal lines represent key support and resistance zones, and the projected white path shows my anticipated price trajectory. This analysis is not financial advice; it's for educational purposes only. Feel free to share your thoughts in the comments and let me know your perspective!"
Short
by Tradeaione
ETHBTC Is Sitting At Strong Monthly SupportETHBTC cross pair has been trading bearish for the last two years or so due to Bitcoin dominance, but now that Bitcoin dominance is slowing down and ALTcoin dominance kicking in, seems like we are in the ALTseason and ETHBTC pair may see a recovery soon. ETHBTC chart can be actually still trading in a correction within uptrend. It’s right now sitting at interesting and strong support area when looking at the monthly chart. We have strong monthly trendline and impulsive five waves up, followed by a three-wave A-B-C correction into an important 67,8% Fibo retracement, which is a bullish pattern from technical and Elliott wave perspective. We are actually already in the ALTseason and if ETHBTC pair is really about to bounce and starts recovering soon, then ALTseason may resume and Ethereum can be one of the strongest.
Long
by ew-forecast