I think we are about to break past the 0.618 resistance and will test between the 0.618 and 0.786 untill we break past the symmectrical wedge resistance and blast out past the 0.786 for a new recent high ($1.96) +
⚡ XRP on a confluence support level. ⚡ Weekly horizontal support and 4hr Trendline support.
So our recent long position took 7hrs to hit our mark of 1.40... but at least it hit :) Moving forward we are going to zoom back out from the 1hr chart and analyze the 4hr chart shown above. As illustrated on the chart we can see a clear downwards trend pattern forming in measured waves... The last two waves down bounced just above the 21 EMA shown in Red,...
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Okay, a solid blue candle has closed above a cross of our EMA's as shown in chart above. BTC has also closed an hourly candle over 50k. I have entered a long position here. I am still bearish over-all but am long short term. I expect to find resistance at 1.40
Hey everyone, So I was busy eating dinner and missed the last hour bar close above the resistance of my Triangle... None the less, Though it has broken up out of the triangle, The EMA's have not crossed just yet. Also, BTC has not yet reclaimed 50k. Now we watch closely to see if BTC closes an hourly candle above 50k or gets rejected again, and if our EMA's on...
Based on this inverted arc pattern - which has multiple touches to confirm - we will see a triple bottom in XRP coming up in 3-4 days. Price target would be $0.92-0.96
DISCLAIMER: 1.trade carefully and have stop loss for sure 2.Past performance is not indicative of future results. <> <>
What's up guys, so XRP has been sort of ranging with no significant price action since the last dip to (1.2) There is a lot of controversy on whether we have bottomed out or there is more downside. Until now, no clear pattern has formed, but we now can clearly see a bearish symmetrical triangle pattern forming on the 1hr chart illustrated by my black lines...
Newbie here just fooling around with ideas, but so far it's on track. I drew this 2 days ago on 5.10.21
Hello Traders, Here is another update for Bitcoin where I have removed the smaller head shoulder formations from my previous charts for a better overview. Here we see on the 2 hour chart of Bitcoin 2 Main shoulder patterns with 2 necklines. The orange neckline 2 and the redder neckline 3. The orange trend channel that bitcoin has been in since early March has been...
Doge, many people will sell it because Elon is against BTC
XRP is bouncing in between a triangle at the moment, I believe we will see it have a bullish move towards the top of the triangle, have a "fakeout" before dropping down to around $1.10. Bitcoin looks extremely weak and we should we $43,000 soon!