As we can see from the chart the price broke down from a consolidation area.
Now we can see it retesting 1.0250 or the broken structure now turned into support and we may see it moving lower up to 0.8714.
If the bearish momentum will increase it may test also 0.7856.
Near the support areas, we should see for any price reaction for a potential bullish...
There is a lot of uncertainty in the market at the moment. No one can understand what is going on. Has a bear market started or are we still in a bull market? After altcoins have fallen by more than 10% it is dangerous to open any short positions. But that does not mean that the market cannot continue to fall. It is very likely that there will be a pullback or the...
Get ready🔥
There is an interesting formation.
W on LUNA/USDT crypto pair.
No more words!
Follow the chart and look for the breakout carefully.
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The ABC Zig-Zag Correction is playing out as expected, and whilst it is finalising it represents a good time to think about where we are headed next -
Where are we at now -
Price action is fairly weak at $0.92 and we are now in wave 4/5 of a C correction, it seems logical that we are headed down a little bit more.
A possible bearish pennant could be forming...
The live XRP price today is $0,90 USDT with a 24-hour trading volume of $4.008.592.011 USD, - 14,08% in the last 24 hours. Since the local top at 1.40$, price undergone a significant correction (-35%), which we were expecting after hitting multiple times upper level of Keltner channel.
The prognosis for the next days is still bearish as price has fallen under...
Since I noticed my BTC fractal playing along quite accurately, I decided to peer into XRP's chart to find similarities. I noticed the large crash after BTC ATH we had, superimposed to our current trend, is pretty identical. If this is true, I believe we will repeat the past couple months but from a slightly higher level.
Possible Buy Zone and TP on the next Buy Zone.
Big Move expected on Thursday FOMC. Might not or depends if it will relate.
Disclaimer: All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action. Analysis is subject to change at any time without notice, this is...
I suspect bottom might be in for XRP.
It appears reasonable that the bottom may have come in...
Resistance might be met around 0.9950
The Wizard Of Realms 13$
The live XRP price today is $0,90 USDT with a 24-hour trading volume of $4.008.592.011 USD, - 14,08% in the last 24 hours. Since the local top at 1.40$, price undergone a significant correction (-35%), which we were expecting after hitting multiple times upper level of Keltner channel.
The prognosis for the next days is still bearish as price has fallen under...
Not sure that it concerns me. Maybe it was good enough. But I’m not super happy that we didn’t go ahead and backtest the .236. This is the hour chart, but I didn’t see it on the daily either. Will we need to come back down here at some point? I’m gonna assume so and profit accordingly in the short term to buy more in the longer short term. For now I will just watch.
- Currently the price seems to be pulling back in wave 3 of C of 2.
- expecting the price to retrace till the daily demand zone (Equilibrium at 0.80).
- other potential reversal points:
1. 0.618 length of wave A - 0.8575
2. equal length of wave A - 0.7371
3. 0.618 retracement of wave 1 - 0.7522
- move below 0.5090 will invalidate this count.
Please share...
