XRP/BTC Outlook and Potential Similar past Fractals Movement
Green Fibonacci retracement from past recent lowest point on weekly chart
Yellow Fibonacci retracement from recent high and recent low on daily chart
White Fibonacci retracement from recent low and recent high on 1 & 4 hour chart
After being Rejected by 200 EMA in 4 hour timeframe. now it's trapped between 20 and 50 EMA testing the support at 50 EMA.
a 'potential' descending triangle sighted in short term which can be change it's validity quickly if the price action didnt following the pattern's consequence.
Indicators
looks like the selling pressure can still continue in MACD
From CMF already touch 0 which will be determent whether it can bounce from it or plunge into bearish trends
As for Fractals.. there's a similarity movement in this area i tag on August - September 2018 could repeat again.
The price did pass 20 EMA and almost touch 50 EMA but goes down into the bottom of the price 4000 satoshi. in recent movement it did pass 20 EMA line but also, almost touch 50 EMA.. would it be a fractal and will be repeated with a same pattern like August - september 2018 ?
we will see..
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Yellow Fibonacci retracement from recent high and recent low on daily chart
White Fibonacci retracement from recent low and recent high on 1 & 4 hour chart
After being Rejected by 200 EMA in 4 hour timeframe. now it's trapped between 20 and 50 EMA testing the support at 50 EMA.
a 'potential' descending triangle sighted in short term which can be change it's validity quickly if the price action didnt following the pattern's consequence.
Indicators
looks like the selling pressure can still continue in MACD
From CMF already touch 0 which will be determent whether it can bounce from it or plunge into bearish trends
As for Fractals.. there's a similarity movement in this area i tag on August - September 2018 could repeat again.
The price did pass 20 EMA and almost touch 50 EMA but goes down into the bottom of the price 4000 satoshi. in recent movement it did pass 20 EMA line but also, almost touch 50 EMA.. would it be a fractal and will be repeated with a same pattern like August - september 2018 ?
we will see..
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.