XRPUSD Has been for sometime now in a very bearish trend. There is no fighting this so why not earn while we go down right guys?
What I am watching play out here is another(!) bearish pattern forming on XRPUSD. As you can see I am already in the trade and things have stayed in profit the entire time.
Watch with me as we see this trade play out.
ETH is approaching a major testing of a current support line near the 0.04 price range. Potential 5th Elliot Wave to come if support is found and the trend line remains unbroken. This would be a good setup for a Long.
On the other hand if support around the 0.04 price range is broken, expect a Retracement to the lower Fib line. This would be a great setup for a ...
Update to an idea posted earlier. I missed a Bullish Divergence that would have indicated the current price jump was about to happen. If this upward movement holds, consider ETH to be in a 5th wave. Happy trading!
If ETH can find support along the shown trend line I would consider this Elliot Wave pattern to be correct and expect the 5th wave to reach near .06 area before correcting.
This is not financial advice. Good luck!
XEMBTC is looking like it is setup for a nice Long position. There is a Bullish Divergence in the RSI that indicates a trend reversal, breaking the current line of resistance would act as a confirmation of this reversal. CCI is also pointing towards zero and may soon indicate this reversal as well. MACD indicating support for this.
As always use a trailing ...
OMG is still following the newly established upward trend. However a slight market correction has been reached and has now formed an Inverted Cup & Handle Formation. After this short correction I believe we will continue to see a bullish run with OMG. Watch for breakout once the main line of Resistance is broken. As stated before always use a trailing stop-loss to ...