This reefcoin is breaking resistance and is looking for higher highs so lets see how well this coin runs
XLM showing real strenght now lets see what can happen out of next 3 scenarios: 1: quick bounce from one of the targets in the coming days 2: long accumulation (1-2weeks) until the yellow bar and then bounce 3: dumb into the yellow bar and break down into previous supports which invalidates short term long plays.
On the short term i would like too see this area hold, some accumulation coming days or week and then another test of ATH in the BTC pair. If it breaks we might see some nice acceleration. If this accumulation breaks down we are gonna see another month of accumulation or more i think
This is going to RIP up the coming days, maybe a sweep of the lows but defenetitly a high probablility of going for the two red target lines
Im looking for a third round of accumulation through previous levels before crazy volatility kicks in again.
The 1 dollar support did hold. So clear sky´s for higher highs!
Doom scenario and bear wet dream, can greyscale ruin it?
I got rekt on my last post exited with -20% losses on my short and did a few longs on the way up currently im scaling short from 30k and eyeing 40k. But i think correction time isnt over yet
We might get a drop during christmas, i think we will test 21,5 k zone and see if we bounce there
Ok maybe this is far-fetched but im gonna compare our situation too 2017 pre moon phase. in comparing the movement to 2017 resistance 2 is kinda weak and close too resistance 1 and besides this the market made lower lows between resistance 2 and 3 which it didnt in 2017 where it bounced on the same bottom three times between the resistances. because so we went...
This is how ripple moved the days in 2017 before it went completely nuts and towards the moon. I think back in the day the low liquidity made market move way more lineair compared too these days where lower lows and higher highs can be achieved but take more time considering way more tokens need too be bought or sold. Still i think the market is moving similair...
So i hope everyone got their bags filled! When the RSI head and shoulders (see previous idea) completed i got a bit to excited and bought most of my XRP but with some cash i had left to spent i was able to buy in at 16 eurocent/ 18 dollarcent. As i said earlier we could expect a red leg towards 20 cent well we got extra lucky and some people decided to sell at 18...
We might have a red leg down towards the green bullish divergence line (20 cent) one time. But right now we are forming some nice bullish divergence. This might cause xrp to swoop through the 34-40 cent area (greenbox) that used to be a resistance in the summer crypto run. you can sell a part of your xrp at the 50 cent and reacumulate in the 55 cent - 40 cent area...
Ok i got surprised last evening, Wales are also excelent at manipulating alt markets. But them pushing XRP down makes me even more bullish on the longterm. As i was charting around today i saw this falling wedge which might be forming, we might break down a few more time but i am still extremely bullish on XRP for the coming months.
Drop might be coming, still bullish on long turn but coming days we might drop if this patterns completes, and it is damn close to completing
NXS showing some beautifull symmetry there. I expect small rise then pump just like last time, with a 155% increase.