Been some extremely bearish news about XEM in the past few weeks but a bullish chart is a bullish is chart and ths one looks like it has at least some temporary upside to take avantage of. Short term long.
We can see we will likely be getting a 4hr golden cros on the 4hr chart roughly 2 hours from now on Bitstamp(shown here). A quick look on the Bitfinex chart(not shown here) shows me a 4hr golden cross has already occurred on that exchange which could be why we are already seeing 3 nice green candles in a row here.Of coure it could also be in anticipation for the...
bull signal vs. bear signal on btc right now...because of that this idea will be listed as neutral. We can see we have the bullish case of a 3hour golden cross that has just occured...usually leads to a bullish outcome and we can also see the 3hr stochrsi has been skimming the bottom range for awhile which means there's more momentum available to go up than down....
My last idea on augur I posted I said it would continue its bullish climb if it could achieve the 1 day golden cross on the repbtc 1day chart and we are now seeing exactly that in the price action. This will most likely also lead to a golden cross before too long on the repusd chart as well. If we can sustaina golden cross on the USD pairs 1 day chart it's only...
Augur started its bull impulse after breaking up out of an inverted head and shoulder pattern it then went well above the projected breakout target and it was at that moment you could tell it was going to at least aim for a cup and handle or a higher high. It has achieved that higher high and not only that the enxt high to reach is a considerable rung above...
The 1 day golden cross is inevitable the bullish breakout of the bull flag seems inevitable too which should then also make the cup and handle breakout occur as well. A perfect triad of patterns all combining with a daily stoch rsi that has lots of room to fly make this an easy long. Golden cross should occur in the next 3 and a half hours. If it hits the cup and...
Despite the current bearish outlook on bitcoin we can see that tron has a lot of exciting things currently going for it on the 1 day chart on binance. It has completed a cup and is now currently working on the handle which happens to be inside a very long bull flag. We can also see what appears to be an inevitable golden cross about to occur on the tronbtc pair...
we have been forming a diamond top on the 2hr chart. The last break upward to 4.1k was assisted by a 2hr chart golden cross, but now that same timeframe is forming a diamond top with the trendlines following the candle bodies...there is a slightly more obtuse diamond top on the 4hr chart that can be connected by wicks....if the diamond top by candle bodies is the...
This is currently as close as we've seen a potential golden cross on the xrpusd chart. The question now is whether or not it will actually be sustainable or a fakeout. The next candle the 50ma will filter out is a red one but the next candle the 200ma will filter out is a red one that is twice as long...so It's still currently rather hard to say whether or not...
This trajectory on the xrpusd 1 day golden cross should hold up as long as the net few days candles are mostly green ones. Stoch Rsi can only spend so much time in the oversold teritorry.
Take a look at this picture perfect inverted head and shoulder setup on xrpusd's 1 day chart. Also take a look at how close the 50ma(in orange) is to rising above the 200ma(in blue) for a 1 day golden cross. Now factor in how the stoch rsi indicator has plenty of room to head upwards and is already suggesting its ready to do so. Lastly, factor in that we have...
Normally my xrp charts are looking at the XRPBTC pair...but with more and more exchanges now enabling the XRPUSD fiat pair I think it's important to factor that in as well. We are currently right around 49 cents but will likely be heading upward soon...you can see the price action has been consolidating in a falling wedge which most of the times break...
If this inverted head and shoulder pattern is valid, price action should climb to this price target seen here. However with the confluence of xlm haviong a golden cross on both the 1 day and 4hr charts it would probably reach this target even without a valid inverted head and shoulder pattern. just my hypotheticsl thoughts could be wrong so no financial advice.
For those of us who were already holding some xlm the slight fomo above the breakout target that created the current candles bullwick would have been an excellent place to take some profit. Props to anyone who acted quick enough to take advantage of that. We can ee here though that much like XRP, Stellar has also triggered a golden cross on the 1 day chart and...
The golden cross is now being shown on the 1 day chart. We also closed the last 1 day candle above the top trendline of the bull flag we have been consolidating in. I anticipate a confirmation of a bullish breakout of the bull flag on the current 1 day candle. We also have closed above a 4hr chart inverted head and shoulder pattern that had developed inside the 1...
So even though it doesn't appear like we have crossed ont he 1 day chart yet if I were to flip this to the 4hr chart you can see that the current 4 hr candle is definitely over where the intersection point of the 2 ma's is so even though the 1 day chart is not yet reflecting it, the golden corss has now occured and you will see it reflected on the 1 day chart in...
As we can see we are still inside the bull flag on the 1 day chart with the 1 day 50ma(in orange) acting as strong support and the 200ma(in blue) as resistance...based on the upward angle of the 50ma I have a feeling it will maintain support and ultimately push the price action above the 200ma and cause a nice bullish breakout from the bull flag which in turn...
As the price action on the daily char continues, we can see the bull flag xrp is in is looking very likely that it could break upward. For many many days now the price has been moving steadily sideways keeping the trajectory of the 200ma(in blue) and the 50ma(in orange) completely in tact...I haven't had to readjust the angle of either of their hyphenated...