Traders,
A coin that is honestly one of my long term hodl’s has popped up as very bullish recently. My proprietary blend of indicators are all flashing green. I’ve been learning to trust them as they are doing very well for me recently. Additionally, you can see that VRVP is indicating we are now in the “value zone”. A nice “W” pattern is in play. And the RSI is...
Persistence Token XPRT is showing an inverse head and shoulders pattern on the 4hr. right now. With Bitcoin dominance BTC.D almost precisely tagging resistance at 47%, I believe the alts now have a small opening in the clouds to rise. That being said wait for this candle to close in 3+ hours on your 4hr chart for entry confirmation.
Entry = Price upon candle...
XPRT (Persistence) has been consolidating for over 2 months now and with the bullishness of the market the price action is approaching range high. If the PA can break above range high, we might most probably see much higher prices. These kinds of accumulations for long periods of time end up with explosive price moves.
I like this project at this level but will keep some powder ready should we break down further.
Very generous staking rewards to cover should we have a structural breakdown. TD buy zone below should that happen.
Persistence has been in an accumulation period for well over a year now and the price action has just touched its initial price when it was announced in public after the private sale seed phase.
Price action is now showing bullish divergences everywhere and its now heading back upwards after taking the liquidity from the market price of last year.
It might well...
Some adjustments to the structural elements of the XPRT chart to accommodate the continued consolidation of the past few days. Some interesting correlations, but the target prices are largely unchanged.
What level do you feel XPRT will hit?
Persistence (XPRT) is under heavy accumulation for an extended amount of time. It is now being listed on Huobi which may now enable some more liquidity and attraction to the project. Price action is tradind right below the S/R zone; so if it breaks and retests that zone, we might possible see much more upside.
XPRT (Persistence) is trying move above 200 SMA on both 4HR and on DAILY. Usually if the price action is supressed by 200 SMA for a long period of time, it ends up with an explosive move upside.
Looking at the continued correction in XPRT against the demonstrable strength in BTC and feel we have seen the bottom of this Wave 4 yesterday with the completion of a 3-3-5 Elliott Wave correction. Given the nature of XRP to lag BTC moves, can we expect the tide has turned for XPRT and that it will shortly rally strongly to reclaim its September highs?
