Could we send past the next levels of resistance to price discovery kicking off into February?
Break to the upside 77c target then a push to 85c.
Although if we get rejected at the top trend line of the massive wedge at the green i expect a retracement back to the blue zone then a push up after either one.
looking good with xrp-btc and dxy charts about to move we could see the push up to 71c for xrp soon setting TP at 69c to be on the safe side then take anouther look back at the 59c area for a buy back in.
xrp looks to have started to leave BTC behind in its move up and is starting to move up with gold today
could we see this inverse head and shoulders play out today and push up to 35000 to then move up to the previous high for the next move up?
If the wedge plays out we will head up to 60c, look for a breakup in BTC of over 35000 and hold as support and we should see another push up for XRP and other alts. I am long on XRP looking to close at my target's at 59-67 and re enter for the next leg up after a stop.
Still on target for 60 to 64, then 80 in the 5 waves up then pull back to 60ish for support before the big push to 1.15 by EOY
just tossing out ideas could be worth keeping an eye out at the target levels of 64c,80c then 1.20$ going in to jan 2024 to see if the cup and handle plays out and outside factors dont send the price on a rampage.
Hidden bullish divergence showing up looking for another break out to the upside, if it plays out if we bounce up off the trend line I will return to bullish as for now I am neutral and looking for the next sign of direction.
Looking good for the start of the break out to new local highs break a dollar and hold for support and 1.30 to ath is next break below 71c and back to 55c
same targets break the 77 and hold for the next leg up then looking at breaking previous high of 94c , id be looking out for a 1.26$ target
following the chart formation very closely to 2017 breakout after the first leg up, seeing a nice bull pennant forming, could send us to 91c to 96c target if it breaks positively in an upwards direction by the end of the day aest.
could be a possible break to .55 in the next day or two keep an eye on the break out target of the cup and handle on the hourly
if we break out of this symmetrical triangle to the upside looking at the fibs, we should see a retest of the 58c to 60c zone as resistance and if we can flip to support, we should see a continuation of the upward trend into the 64c to 70c zone and a confirmation that the 5 month resistance zone has been flipped to the new support zone.
if we break out of this symmetrical triangle to the upside looking at the fibs, we should see a retest of the 58c to 60c zone as resistance and if we can flip to support, we should see a continuation of the upward trend into the 64c to 70c zone and a confirmation that the 5 month resistance zone has been flipped to the new support zone.
if descending trinagle breaks to the upside we should have continuation back golden pocket on the fibs and retest of local highs before another leg up to the 0.618 flip to support and we will head for the .64 to .70 range.
if descending trinagle breaks to the upside we should have continuation back golden pocket on the fibs and retest of local highs before another leg up to the 0.618 flip to support and we will head for the .64 to .70 range.