This is a great text book cup formation. XRP might be at resistance and time will tell.
1) Watch for a handle soon.
2) Cup may continue higher
3) I am setting stop loss at .78 for this run.
4) Could move to 1.20ish to form larger cup.
5) Trading above 50 day average is very good.
6) 50DMA is trying to cross 200DMA.
7) Bulls have this presently.
8) Ghost feed is drawn Fib Tools.
9) Presently Overbought and high end bb%
10) Good Run for either consolidation period or trend reversal?
1) Watch for a handle soon.
2) Cup may continue higher
3) I am setting stop loss at .78 for this run.
4) Could move to 1.20ish to form larger cup.
5) Trading above 50 day average is very good.
6) 50DMA is trying to cross 200DMA.
7) Bulls have this presently.
8) Ghost feed is drawn Fib Tools.
9) Presently Overbought and high end bb%
10) Good Run for either consolidation period or trend reversal?
Comment:
XRP continues to progress with the industry and may continue to fill the cup!!! Congrats to the DCA investors!
Comment:
Is there a handle forming? Kinda looks like it!
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Cleaned this up a bit. Let's see if the handle forms as predicted and a retest of 95 occurs!
Comment:
Handle readjusted to show pullback to .64
Comment:
The move is consistent with cup and handle. This pattern and prediction are still active.
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This Pattern is holding true and the reco has not changed
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This pattern is still holding true and the reco has not changed
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The handle is forming nicely!
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This pattern is holding true to the formation and action since April 23. Bounce occurred at .66 as predicted at fib .618 and now moving to higher. This could bounce to fib .786 but I believe markets will move higher in may. Korean action may cause concern for BTC but markets saw this as buy. Continuing to watch this pattern. I am hodl and accumulating.
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This cup is still holding to its pattern with a slight uptick. I am continuing to watch this pattern.
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This pattern is still holding. The handle may elongate before an uptick occurs.
Trading Plan is active with buys at .65: .55:.47 respectively.
Trading Plan is active with buys at .65: .55:.47 respectively.
Comment:
No Change to plan
Comment:
The Handle is still consistent with the cup formation. I expect a deviation for time only. I do believe this will move higher over the next ten days. June is around the corner and the big markets and institutions will be jumping in on BTC. I expect volatility like crazy. Get ready to cut your teeth!!!
Comment:
Handle is side ways. Looking for a new setup.
