So the idea is to draw the correct resistance and support lines, why is it so important? If you get them right you will know exactly what will happen next, everything will work out like magic. But is there a right and wrong? Isn't it subjective? Nope, not even close. Computer algorithms -- which control the bulk of the trading capital -- are programmed with the...
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If you have been following us on XRP, we have been tracking a rising channel attempting to break out of the...
Looking to be a little toppy here with bearish engulfing at the top of the channel and bearish divergence on the MACD. Although if this is a genuine breakout, there wont be any slowing down until the ~$0.36 and ~$0.40 area.
It looks like another Cypher just need confirmation to be sure. Not 100% of course but nothing ever is.
From what I can see this pattern should hopefully play with a strong move down to .27 where string support should be found. Them a swift move to the upside continuing in the upward channel.
Good luck guys let me know what you think down below.
We see the same pattern turn out in 2017. If this does continue we should see a drop in price to around .26 before breaking towards .30.
I'm not gonna be that "guy" that says swell happens here and thats why the price is gonna boom... no that's rubbish.
Nevertheless it is important to stay aware a break down could also happen, this is crypto after all. In the...
1. MA50 is going to break through the MA200, during which there will be growth towards the consolidation zone. The initial resistance level is 0.32546, which is likely to break through. If the price consolidates, then the reason for the growth is 80%, that is, a hike to the consolidation zone of 0.4-0.5. There, increased liquidity, to break through this zone,...
A group of altcoins has reached rock-bottom twice now and they seem ready for a bull run. Good time to enter a position on coins listed in my Altcoin Index after doing your own research. Always use a stop loss, and good luck in your trading.
Not much in-depth analysis here as its a fractal that caught my attention. XRP not showing much movement through this entire market uptrend in 2019. ranging within 100% of itself (.26-.45), while other 'major' high caps are anywhere from 3-5x for the most part.
Call it controlled, call it manipulated, it doesn't really matter....it's been here before and we've...
Long term chart showing rough projection based on history and EW Theory.
I've continuously studied and updated this chart to see what is the most likely path it can take in a bullish scenario.
I very much remain bullish on XRP, and with what Ripple has been doing and is continuously doing behind the scenes to grow this eco system and ultimately make XRP the first...