By using uptrend, we can challenge with small property.
Bullish flag. The important resistance line is 0.29 dollars.
Now, we can't get other new information from the news because SEC and RippleLab will have their first judge on Feb 22 2021 and they will not announce any valuable updates. As a trader, we can just watch buyer and seller's trading. I guess many XRP holder sold their plenty of XRPs, literately panic sell. And someone bought their XRPs. When XRP's price updated...
During a few days, in XRP/USD, the price has fallen to a ridiculous level closed to 0.2!! I don't consider FOMO or FUD from the news, but I guess XRP price's increasing trend was changed even though retracement is generated to 40% because of volumes. With the highest volume by panic sell, XRP needs collection wave for a very long time. Sure, I hoped nice V-shape...
This week, the highest price of BTC/USD was changed from 20K to 24K!! THIS IS GREAT!! Anyway, at trader's view, now I should guess what's the next destination of BTC's price without traded prices in the previous history. I think the next strong resistance can be the highest trend line of the Big channel from December 2016. If this resistance will work as...
XRP/USD is exactly in this channel. Now, the price is closed to the upper trend line. We can try to get a short position by predicting of maintaining the channel. Meanwhile, if the price breaks up the upper trend line, we can try to get a long position above the line. Apart from such thoughts, we can guess that the XRP price is flat but definitely increasing.
Yeah. We should watch it carefully
BTC/USD is making Tunnel. We can make a good plan if the price will be closed to borders near toppest or bottom line with a short or long position. Because now we don't have enough evidence to guess which direction is correct. If the direction will be decided to increase, we can expect the second upturn. Anyway, we need more time to get a good position!
Triangle pattern. What's next Anyway, the wave is going to be convergence with the possibility of a big explosion.
XRP/USD pattern is reverse H & S. when the neckline of the pattern is broken, we can guess the target price +8~15%.
PFE stock is making reverse head-and-shoulder
Reverse head-and-shoulder We can expect these prices
XRP/USD is making a rising wedge pattern. It can be a dangerous situation.
XRP/USD triangle pattern. half and half probability to raise or down. But, I speculate to increase price because recently XRP price showed robust support price around 0.18 dollars. For this reason, I guess the probability to raise is 60%.
Falling wedge pattern in BTC/USD.
BTC price can be rebound around 5.5 K with Fibonacci retracement. And it can be by bottom of big triangle pattern. Because the slope of plummet channel was high, we can expect strong soaring with high slope. So, we can expect next bullish market at the second half year in 2020. I hope it :) Have a happy new year.