This is two easy-to-operate patterns, as shown in the graph, the target of both patterns is the pole size projected at the break site.
They are continuation patterns and occur quite frequently in smaller time-frames.
Pennants look very much like symmetrical triangles. But pennants are typically...
XRP forming falling wadge. Buy point and targets are on chart.
If falling wadge break down then buy point in green position.
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I have followed XRP for a long time, One of the indicators I use to forecast my trends is GAP UP / GAP DOWN. The downward pressure of the from the resistance line, and the Gap up from Sept 18th, 2018. Leads me to believe there will be further drop before the Big Break out. Looking at 5300 Shatoshi, will place trade once I see this happen.
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is...
A potential move from XPRBTC to go back back to ALL TIME HIGH.
Chart partern is repeating the trajectory before the september 2018 pump.
Therefore, a 35% drop of XRPBTC is also possible in order to complete the correction and get support from trendline
I believe XRP is a silent dragon.When it decides to wake up the whole market would be burned. Buying XRP around 8300 is a low risk trading idea. Hold it till 87xx and if you see a breakout then next targets are available. your stop will be at 8k.
Here are some of the basics of Elliot Wave Theory. Elliot waves are what makes me money. A lot of people don't use them because they are typically hard to count, and people give up when things go the wrong way.
Every wave always has its own set of 5 subwaves. When you finish a full set of 5 big waves, it now becomes ONE large wave.
1) For EVERY wave,...
a clear bounce on the weekly frame and another fail to breakout the recovery levels at 0.00012500 weekly and this was the try number four since Feb 2018.
from this bounce on 24 Dec 2018 we can see XRP trapped between a downtrend with stability Above (SMA 200 Daily ) (SMA 50 Weekly)
with that, the overall performance for XRP bulls is weak,...