XRP Launchpad 50% fib
This local swing high and low is a peculiar instance of observing past chart data; somewhere around the april to may 2017 marker.
the chart there had an interesting accumulation pattern, as well as retracement levels to what is observed now currently on this asset (at least i felt that way).
i am very keen on this .5 fib retracement, it has gathered alot of traffic, and has been the area of two prior and consecutively higher leaps to both .618 and .786 retracement levels.
My prediction is that either this next rally will reach the 1:1 or possibly higher, a 1.618 and then retracement to the 1 or .786 (between $.784 to $.725 price levels: AND IF WE RANGE HERE:: BULLISH ZERO DOUBT).
the interesting notes i took away studying past data was that the small timeframes during the transitory phases of capitulation into a new rally / microcycle, is that some of these larger patterns are now being studied and or verified by these retracements and pullbacks; with saying that, i believe that once $.95~~ price is achieved once more, the only thing left is a psychological barrier of $1 as support - then they will cry they didn't buy at lower levels.
Mayhaps both are lucky, and the parralel ranging continues in a slow uptrend.
or
Daily RSI wants to make classic bullish divergence on top of an established hidden one: from here, i am skeptical for $.40 or thereabouts, and anything above 40 RSI on the daily would shorten the attention span to this alternative.
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All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset.
All content presented is for entertainment and education.
No Financial Advice.
Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade.
Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance.
All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
the chart there had an interesting accumulation pattern, as well as retracement levels to what is observed now currently on this asset (at least i felt that way).
i am very keen on this .5 fib retracement, it has gathered alot of traffic, and has been the area of two prior and consecutively higher leaps to both .618 and .786 retracement levels.
My prediction is that either this next rally will reach the 1:1 or possibly higher, a 1.618 and then retracement to the 1 or .786 (between $.784 to $.725 price levels: AND IF WE RANGE HERE:: BULLISH ZERO DOUBT).
the interesting notes i took away studying past data was that the small timeframes during the transitory phases of capitulation into a new rally / microcycle, is that some of these larger patterns are now being studied and or verified by these retracements and pullbacks; with saying that, i believe that once $.95~~ price is achieved once more, the only thing left is a psychological barrier of $1 as support - then they will cry they didn't buy at lower levels.
Mayhaps both are lucky, and the parralel ranging continues in a slow uptrend.
or
Daily RSI wants to make classic bullish divergence on top of an established hidden one: from here, i am skeptical for $.40 or thereabouts, and anything above 40 RSI on the daily would shorten the attention span to this alternative.
Trading Disclaimer:
All trades and ideas posted from this account, including setups, are given for educational purposes only. 95% of trades never win, and instead realize losses. Trading involves risk, there are zero guarantees that you will win any given trade, including this one or others related to it or this account. If you follow any setups, you do so at your own risk, taking full responsibility of any actions and / or outcomes. Nothing posted is to be taken as financial advice. The information and opinions presented by this account should not be construed as investment or trading advice, and is not meant to be a solicitation or recommendation to take actionable trading on any asset, cryptocurrency, securities, or any other tradable digital asset.
All content presented is for entertainment and education.
No Financial Advice.
Past performances are not a guarantee of future outcomes and or results: trading involves strategizing probabilities, there are no expectations on any given trade.
Always do your own research and consult a team of professionals from finance and law before proceeding with any type of action in personal finance.
All information provided by this account is a general market commentary and does not constitute investment advice or financial advice. None of the information communicated in this accounts tradingview publishings are financial advice and/or incentives, solicitng, advertising, manipulation tactics, and any other malicious behaviour - no, solely for entertainment purposes ONLY.
Comment:
even the 5minute is replicating this retracement pattern on a microscale as of writing.
Comment:
im putting a deadline for a mini moon: at or around 4th of July. I will laugh if i see gold at $1776 again for the second consecutive 4th of july, and XRP at $1.776
Comment:
ranging in the launchpad. longer = better for now.
Comment:
going to shuffle a bit on the current 4th of july sell off'/ reaction rally.
looking at this zone
looking at this zone
Comment:
watching currently for this zone to flip into resistance or not.
i think it is unlikely save a black swan event.
i think it is unlikely save a black swan event.
Comment:
either secondary or tertiary backtest now to support, we shall see if it holds.
in terms of channeling in a similar fashion, i noticed KSM hadn't quite taken off from the 200 range either. noted here
in terms of channeling in a similar fashion, i noticed KSM hadn't quite taken off from the 200 range either. noted here
