veretax

veretax

BTC earlier today looked like a bearish flag might be beginning to form, but if we look at the highest high and lows, we can see a Triangle (almost equilateral) forming. If BTC Stays within this triangle, it will soon have a decision as to whether it goes up or sells off more. Too Close to call from where I sit though.

veretax

I was really excited to see XRP bounce up to the .60 cent mark earlier in the week, however, the bears have held their resistance level and apparently XRP has resumed its movement establishing a new downward channel. I am not expecting it to go down as far as last time, but if this pattern establishes, there could be a potential short term buy/sell opportunity...

veretax Updated 

XRP USD. New upward trend established, extremely bullish, however, caution is required, because the Fear and Greed index for Crypto is in Extreme Greed (92). While many think Bitcoin will grow to 200K or more, it will likely have corrections downard some times to consolidate, and that will likely impact XRP which tends to follow it. Currently, XRP Is pushing...

veretax

Ziliqa has shown a strong bullish trend, before and after the brief spike it had earlier last month. the orange line represents the upward trend line for that trend. A few days ago it began a much stronger move to the upside, and appears to be targeting a higher level. There have not been any pullbacks far enough to arrest the rise or force a sidewise...

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Vechain / USD appears to have established a moderately strong upward trend having already begun to test 0.0178 If it can continue to hold and test, it could break through and begin to test .0184 the last previous high and .0186 could also be in site. It could then target 2 cents resistance levels. However, it is taking its time moving upward but maintains its...

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LokiUSD, has shown a strong Bullish movement sinec the 12th. It has established an upward channel, and has already pushed to begin testing the resistance line at .718 cents. If it can break through the next lines of resistance from previous highs are at .759 and .849 Could it reach .90 by Christmas? I would encourage caution though, as there is a lot of gap...

veretax Updated 

Cosmos appears to have finally rose out of the sideways channel it was in. with a apparent impulse move that could push up to 5.78, 5.89, 6.08, and 6.34 support/resistance levels. Cosmonauts have been waiting a while to see if it can return to the highs seen around thanksgiving, however, it must break through and confirm its strength above the channel and 5.78...

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DASH like many other Altcoins was in a downward trend earlier in the week. Today it broke upward strongly, and looks to have perhaps started the first part of an impulse wave that could lead higher. If so it may continue up further, or establish a new high before starting another downward channel? Still too soon to tell though.

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XRPUSD today managed to go sideways long enough for another move upward to break out of the channel and then test the upper support level. This is key, if XRP can hold above that downward support line, it can then begin to test supports at .58 .60, and .67 cents. If it fails to consolidate upward, then I'd expect it to resume its downward trend again, and look...

veretax Updated 

Lots of people in Telegram talking about BTC breaking ATH of 20k USD. XRP following with a big pump as well up to around .504 as I write this. It is a pretty big movement from its low last night. It does look bullish, however, earlier this week and last I identified a downward channel of traffic that has kept an upper bound on XRP, (Even though it briefly...

veretax

XRP has been working in a Channel and Triangular formation all week. Early week volume was pulling it down a lot before the bulls bounced it back toward the channel top. As volume decreases with flare drop, XRP moves more side ways. This presents two possibilities. #1 XRP in the absence of more downward pressure may break out (40%) and move up into the...

veretax Updated 

I noticed this afternoon that XRP has been operating in a slightly downward channel, as it then spikes up toward the heavy psychological resistance at around 0.60 USD. In addition, there appears to be the beginnings of a trangular formation as well inside the channel, which may indicate when it may break further to the upside, or more likely downside given the...