So where next for XRP? Who wants to guess where we will be by the end of this year? answers on a postcard. My guess is back between .50-.60 somewhere.
One possible scenario for the price breakout, I'm so long on XRP, it's been a wonderful year for the company and I'm expecting amazing things in the coming year. Have a great Xmas everyone!
I expect a strong support @ .3520 with a potential bounce from there.
I see a strong support forming at .3790 then could be look another surge upwards over the next few days!
In my opinion the long over due bullish activity could well symbolize the start of a trend reversal, it's still way too early to tell, but this bullish wedge might give us some hope of a trend reversal if it can break out! Also the Stoch is heading to oversold territory which could also be a great indicator that even though the price change has been positive it's...
A basic Stoch signal heading in to oversold territory with little price drop, this indicates to me a short term bounce back to .34 within the next 24 hours.
My opinion is the great powers are manipulating the prices, nicely for their entry to the market!
I expect 1.2764 to act as a moderate support for GBPUSD.
It will be intersting to see if XRP can hold above .3200. If so i believe we might see a slight bounce back to .3500 but then lower lows and lower highs. We have a while to wait before this bear market is over!
Nice little up channel formed on the chart. Fib resistance level rejected at 1.297, probably going to retest that level a few more times before breaking to the upside.
I'm looking at a very oversold GBP right now, looking at an interesting wedge which may transpire in to GBP breaking to the upside very soon. Good luck all, once again, this is a technical perspective, with Brexit in the catastrophic state it is, fundamentals are playing a huge part! Good luck all
So much negative press today. As recently stated in my other charts the price is driven purely by fundamentals with technicals coming to the rescue in this case. I wonder what's next? Hopefully May will get the job done and we can all be very long on GBP until the spring.
Crypto is very unpredictable right now, if history repeats itself, this time of year is the most fertile, however a sneaking suspicion this year may be a little different and it might well keep us waiting a little while longer before another bull run commences. Have a good weekend.
Nice looking up channel formed on the XRPUSD chart. Still more oversold than over bought, looks like there might be some more positive movement in the coming days!
My feelings are the GBPUSD pair is really dependent on Brexit news alone. Today Mark Carney helped us bulls along nicely and made this bull flag that! It's also in over sold territory which makes me think there are more rises this week to come! I truly believe the Brexit debacle is nearly over and we should see GBP return to a normal level of 1.40 in the next year...
Waiting for the break to the upside this week.
Morning all from Phoenix, AZ! Simple chart this morning showing the fib retracement levels and a support trend line. I expect the Brexit stuff to have more clarity before Monday and should see the pound bounce in my opinion. Have a great weekend all.
A beautiful bull flag formed on GBPUSD today, waiting for further upwards movement to enter more buys on GBP. Stochastic's entering over sold territory which further underlines my bullish sentiment on the pair. Have a great day everyone.