Stewart_G

Stewart_G

I'm no expert with wave patterns but I spotted this, perhaps someone more knowledgeable could comment? Horizontal lines are areas of support/resistance based on historic price action. Let me know what you think. Thanks

Stewart_G Updated 

Signs of a break upwards followed by a return to the support. Could be ready for a big move. Not trading advice just an idea.

Stewart_G

XRP broke through the orange triangle, giving it enough momentum to break above the long term pivot point (0.45). It has since retraced back to this key area 3 times with the most recent retest providing a strong bounce. With little resistance above there is a chance of a quick and dramatic upward move. Not trading advice but if I was going to trade this with...

Stewart_G

Ethereum just closed above the support line on the 1hr. However, there is a chance of another dip below, close to 1,600 before another leg up. What do you think? Not trading advice, just an observation.

Stewart_G

Daily volume spike at 9am failed to push price lower. Also, a series of higher lows on the 1H chart suggest strength. Aiming for $0.28 in the short term. Not investment advice, just a visualization of an observation.

Stewart_G

I drew this yesterday but didn't publish. I am now as XRP is showing signs of life as we arrive at a key point. Could equally crash down but I still believe in the fundamentals of XRP so am sticking with the HODL strategy. Not investment advice.

Stewart_G

XRP could move very strongly up against BTC and therefore even stronger against USD

Stewart_G

Red line looks to me like a pivot point, if we break above there is a good opportunity for a long trade. 2:1 risk/reward but could look to add to position and extend profit target depending on the upcoming price movements. Not trading advice, just sharing an idea. Thanks for reading and comments!

Stewart_G

In the last upward move XRP did not hit the long-term resistance (the dotted pink line), now resting at long-term support (the red line @0.455) there is an opportunity to try again. My trading strategy is to but now aiming for 0.9, expecting some short-term resistance at the top of the downward channel as highlighted by the blue projected bar pattern. Move would...

Stewart_G

Just highlighting this pattern as it has potential to repeat. First patter in pink arrows. What do you think?

Stewart_G

Could go either way here. Will look to add more units at the appropriate time.

Stewart_G Updated 

Expecting Ethereum to go much higher this year but could see this happening short-term. I would not short as this is trading against the trend but would look to add more if we dropped to the trend line.

Stewart_G

Just an idea

Stewart_G

Just a possible scenario based on the last breakout.

Stewart_G

High volumes but a stalling price suggests that buying momentum is out of steam. Will look for a possible short if price hits the psychological resistance of $2k. Long term still bullish on gold due to fundamentals as indicated by the 3rd arrow.

Stewart_G

Possible next moves for Cardano

Stewart_G Updated 

Target for end Aug as long as the uptrend holds.

Stewart_G

Gold has recovered after a quick correction, long-term bullish on gold so this could be a good entry point.