The white arrow candel seems like 50-50 bear vs bull could be the boundaries of consolidation zone, let's wait and see which side price will break.
The pink arrows are marked indicating a small double bottom forming near resistance, this means price tends to remain at resistance zone forming a bullish sign, looks good on long side build up, let's see if...
Good morning- crypto ger here for another xrp update- today is Thursday April 29, 2021.
Before we get into the technicals and all the fun stuff- please know that this is not financial advice, this is my opinion and my opinion only.
Lets talk a little about the current trend and yesterdays performance before we get into the daily outlook.
The price of xrp is up...
7-14 day outlook / short term trend
wave 1= breakout to 1.10 (short term target 3 set last month)
wave 2= pattern has held a pennant as suggested by 2017 fractals (previously outlined in white triangle)- from today forward probable low in this pennant is 0.9200
wave 3=breakout target 1.80-2.20
1.80=2017 fractal lift
2.20=0.236 FIB level 4yr trend based fib...
Majority of alt coins are in a downtrend.
The next couple of days we could possibly start to get a better understanding of the markets and start to see some consolidation that can lead to bullish momentum for the alt coins to rise.
Just my opinions and tracking my journey and markups
Polkadot (Dot) Buy opportunity! Potential 68%+ Gain to set a New ATH of $50 at the 161.8% Fibonacci Level. Dot's price soared to a high of $42 on 20/02/21. Since setting this new ATH , it has lost some momentum, retracing down to a low of $26 on the 23/02/21 after such an impulsive move, but currently it is still trading 45% above this low 4days ago on the...
Hope everyone is having a good weekend as we all await the market open for yet another week in the markets this week.
Here's my 2 CENTS on the TRILLION MARKET CAP OF BITCOIN
hope this helps in any way or form.
THE DETAILS ARE ON THE CHART.
HAPPY TRADING WEEK AHEAD
In this chart you can see resistance is broken and the resistance level is now support level. you can open long position in the support level and set your targets as 311 and 335.
Don't forget money management and setting a stop loss.
Remember: I'm not giving financial advice and risk of each trade is on your own.
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Feel free to ask...