Weekly candles, bask in the future glory of your massive profits. Today, Fed Chair Powell said BTC is a store of value. Cool! He also mentioned that it is not a currency, again, thanks! So what is a currency with really fast settlement times?
Weekly: Potentially bullish. Might have found support at 0.00003365.
Looks like price has found a long term low and it is holding. Volume is declining
Daily: neutral, honoring support level, declining volume. Nothing exciting
H3: Bearish price action but honoring support, increasing volume.
Summary - Possible bottom. Could take position here with tight stop...
Weekly: Potentially bullish. Might have found support at 0.00003236.
Looks like price has found a long term low and it is holding.
Daily: bullish, honoring support level, declining volume
H3: bullish honoring support, declining volume
Summary - Possible bottom. Could take position here with tight stop with good upside potential.
xrpxbt its tragectory is to the floor. triple top with the last top showing a round pattern which would suggest its not returning anytime soon if at all. longs its in a free fall do not catch a falling knife as the old saying goes.
How strong is this downtrend? Considering we keep making new low by the hour, it'd be tempted to sell. However, price has made a dramatic rise when price dropped below 0.00007500. It's now broken through another support at 0.00006700. It'll be interesting to see what price action does from now down to 0.000060.
Buyers have already started showing up around...
XRP might not be the most loved crypto, but there are some fundamentals that might be interesting.
longterm there is a massive h&s pattern that aims to two fib areas.
Idiea is selfexplaining.
target between 17500 to 19000
Ad we see a very long time range in forming that head and shoulders we probably see a comparable timerange to form the right shoulder to...
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XRP chart patterns on a weekly basis. Simple chart with trend channels and support line.
XRP is approaching a critical moment.
I am going long and adding more XRP to my portfolio, anticipating a rebound to stay in the green ascending channels (see RSI & StochRSI); and eventually breaking the downtrend channel in...
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XRP has held support very nicely, and looks like another leg up may happen soon. Volume profile shows significant resistance coming up, but the over all range resistance is a bit higher, so I am confident it should at least jump up to the resistance one more time before it completely dumps. As always, this entire set up depends on papa Bitcoin so trade carefully.