due to. sell pressure below the 38.2 Fib level on a macro, opinion is to the downside between$38K- FWB:36K
Possible inverse Head And Shoulders on XLM looking for neckline break and possible retest of $0.135 for a measured move to $0.18
Possible inverse head and shoulders on ARB with a measured move and price target of $1.60
Theres a possibility that if Bitcoin can take out the top of the parallel channel as well as the 38.2 Fib level which makes almost an "X marks the spot" position, then a move towards the 61.8 fib is the next area of interest to look at.
There is an identifiable inverse Head and Shoulders Pattern on XRP daily chart that has a break out measured move of $0.70 as long as we are able to break and hold support above $0.53
Seeing Bearish Divergence there is a possibility of a Fibonacci Style pullback on the Daily which could lead BTC back to upper $25K Levels.
Possible Matic Short Position that if unable to pass the 61.8 fib line as well as the 20 day EMA with a closure below the 78.6 fib
looking at a possible ascending triangle on IMX with a breakout target of $2.05 to the upside, and thats after we break the previous resistance which would also net about 40% gains with the full breakout target netting 135% gains
a possible double bottom on matic could lead to a $1.25 price target to the upside if we can take out our previous resistance, at the same time if matic breaks south the target of $60 is looked at as an area of interest
Looks to be a Bear pendant on the 4hour down to an hourly though it could always break 2 ways
This is just a playful picture i created from my mind. Lets see what happens.
Avax had finally broken its downsloping resistance line and followed through with a back test which could lead to the next area of interest being $28.50 as long as $25.25 holds as support.
Looking for a Bull break on a Possible Ascending Triangle on the KAVA/USDT Chart whihc should give a measured move to around $4, retesting the previous price actions support levels to the left.
if Bitcoin Breaks our donwsloping trendline which has formed a descending triangle, i will look for continuation north towards $33k-$35k as long as we hold support. If trhe descending triangle is broken south targets are to $26k as a measured move.
this is myu opinion on where XRP is headed as lomng as we close below the neckline of the ascending triangle
If the neckline of the Cup and Handle Formation Hold, the measured move is $8.47 to which we normally look for a pull back once target is hit.
On a 4 hour chart we may see upside to tghe 20 Day EMA and then a rejection and continuation to the donwside towards $41K