As before, we have retraced to a 0.382 Fib level. This should mark a bottom, however, we may still hit the 0.176 area. Expect a flattening out from here until we hit that trend channel and explode upwards again. At this level we may see it in the next 4-10 days.
As per the previous post, XRP came up to hit one of the trendlines. 0.60 mark is the next big target. Once XRP clears the uppermost line... #lookout
Interesting to sometimes take a step back and look at the whole picture. XRP has many converging trendlines that all meet up around Sept 22nd of this year. Obviously this cannot hold through the year, so once these break, it could be a huge break... Diverging from these channels could signify huge upside (or downside if you choose to look at it that way) April and...
Each time XFLR has interacted with this Master Channel it has had a growth spurt. It then flattens and reconciles. Eventually interacting with the Master Channel. The next interaction looks to time out sometime around the first half of April. This probably will result in the 0.5050 level being reached/taken out. Again, the order book is extremely...
As discussed before, XLR was looking to make a retracement back to the low 0.20’s. Next resistance levels should be found around 0.388 and 0.5050. A $250,000 market buy order could take it up to 0.36 immediately.
A drop to around 0.445-0.450 could be the final bounce when looking at the modified 2017 fractal pattern... #veryinterestingendofmarch
In 2017 we had a breakout above the previous ATH trendline. December 2013 was the previous ATH and in December 2014 there was an approximate 0.50 Fib retracement that allowed us to form the upper trendline. September 2016 that trendline was broken and then XRP went on to test that line as support until March 2017. There was one more backtest of the support, then...
$800,000 sell orders to be fulfilled at 0.388-0.40. Expect a pit stop ere while supply is soaked up. Clean path to 0.5050 after that. Sell orders are drying up FAST! #gonnabehuge
XFLR convincingly broke out of the channel it has been in. Next Fib resistance would be 0.388. Previous fractal would put us over $1. I had spoken about March/April being huge for XFLR, glad to see it playing out. #onlyfifteenpercentofflrgivenoutatfirst
First off, support.poloniex.com FLR is first given out as a 15% chunk. They take 15% of your XFLR and convert that to FLR. Then each month they receive more FLR they redistribute that to XFLR holders until all XFLR is gone. Some are saying Bitrue is giving out 100% of FLR all at once. Only 15% of FLR is being distributed at first. Initially, the Flare network...
I've discussed before how thin the XFLR Order Book is. I figure I'd explain what I mean by that. Let's say you had a couple million bucks to play with, and your calling was to get some Spark (FLR) token because that's gonna be the be all end all of De-Fi in the coming years. The current price is around 0.22. You put in a market order with $166,029.99, the price...
As explained before, the order book is so thin. Price can jump drastically with a flood of buy orders. FLR Network should be launching in the coming months. Very interesting to see where this ends up.
XFLR has potential for a big breakout to around 0.20 soon. Thin volume coupled with XRP volatility could boost this. FLR is trading on Bitrue much higher. Someone do some research on this...
XRP seems to have been following the resistance of a Master ascending line for years. This can also be seen as channel. Notice how it has provided resistance and only large swift moves seem to cross it. Dipped below the line at the beginning of that pandemic thing I've heard on the news. Able to blow by it last fall. SEC dropped us below, Reddit's Wall Street Gang...
As previously discussed, BTC has hit the $58,000 region (timing was almost to the hour from the previous chart) Now we expect some serious downside. Expect over 50% losses when everything is said and done, maybe even to the $18,800 level (but that would be horrific) Below $30k is expected. Big question is, does XRP follow? Or is this going to be the start of a...
XFLR has broken out of it’s holding pattern. Potential for 0.17-0.19 due to very thin volume. Word on the street is that FLR (Spark) will begin sometime in April/May. Someone do the research and figure out the math on how many FLR tokens will be available total, same with XRP. They are used as collateral in a 2.5:1 value ratio to provide FXRP on Flare...
If we see a break down on Feb 16/17th, then we may see a drop to 0.49/0.50 before challenging those previous resistance levels on Feb 18-20th. Or, again may have further break down to 0.33. #needmoredata
Very exciting week ahead! Shaping up to have the 0.66-0.86 resistance levels challenged once again. Feb 16 may see the 0.66 level broken, with the previous multi year level of 0.79-0.86 broken soon after. Or, we see another break down towards 0.33. #getchapopcornready