Following the recent XRP rally I have mapped out some possible short entries and support zones to take profits.
XRP rallies tend to end with a short and sweet wick which is highly volatile. Low leverage is necessary.
The road ahead for XRP will be rough. The ongoing battle with SEC will shake investor confidence overtime.
Introducing the first crypto hardware wallet backed by Binance.
• App downloads: 406,900+.
• Total wallet accounts: 537,100+.
• Supported assets: 20 blockchains, 10,000+ tokens.
• Supported dApps: All dApps issued on Ethereum, Binance Smart Chain and Tron network.
(Source - Binance)
This is early days for SafePal's native utility token SFP, released only a few...
The more times a resistance is tested there is a higher chance of a breakout.
Using Fib retracement the next leg up could see Doge hitting 12 cents. (+60%)
With the ongoing support of Elon , this chance is highly likely.
As the vaccines roll out and the world over comes the pandemic, travel will be popular among many that have been unable to for the past year.
While still heavily oversold (75% below the all time high in 2018) flight centre remains in a good position to bounce back.
Currently in a rising wedge, price is situated on support and is likely to take off.
Eth is ready to break out and set a new all time high.
Ever since bitcoin hit its new ATH on the 8th January we have seen a steady decline in market dominance meaning that money is flowing into Altcoins.
An Ascending triangle is identified signalling towards a continuation of bullish trend.
2277 (61.8% Fib)
When the price opens above a significant resistance area it is known as a Breakaway Gap.
This is a bullish signal and indicates the start of a strong trend.
Although some would argue that gaps must be filled it is important that we identify what type of gap we are looking at.
Breakaway Gaps are usually backed by a positive announcement and in this case it is;
Symmetrical Triangle Identified, price is likely to continue it's uptrend.
Recent positive announcements following the release of their Miggster Platform
● Emerge banks first cash receipts from the MIGGSTER platform totalling ~$8.3M
● MIGGSTER subscriptions continue to deliver strong daily growth
● The MIGGSTER platform was launched on 14 November 2020 and...
Potential for a parabolic move ahead for JRL
Located near the Tesla Gigafactory the Mcdermitt minesite sample results are expected in late January.
Tesla has recognised the potential of sediment-hosted lithium deposits, such as Jindalee’s 100%-owned McDermitt project in Oregon
If the release of the Mcdermitt's samples return positive it is likely we could see a...
Bitcoin is going to 100k, but not yet.
Markets move in cycles, and all good things must come to an end.
We have all seen the chart "Bubble Theory".
Although most look at charts in ways they want to see it,
it's important that we take a look from another perspective.
"When in doubt zoom out"
Crypto Fear and Greed Index - 83 (Extreme Greed)
"Be Fearful when...
✔ Facebook Partnership
✔ Ebay Partnership
✔ Harvey Norman Partnership
Holding above the 200 Daily MA Z1P prepares to break out above resistance.
Z1P recently announced a SPP (share purchase plan) @ $5.34 per share. Ending on the 13th of Jan, the SPP may lead to a sell off as the current price is 3.8% above the offer.
Long term growth remains promising
Bitcoin: The cryptocurrency flagship entered 2018 at a relatively quiet pace, but started to pick up around the end of this week. At the time of writing, Bitcoin is up 14.55% for the week.
Ethereum: Although losing its #2 market cap spot to Ripple’s explosive run, Ethereum broke through the $1,000 price barrier to near $1,075 with a gain of 31.82% for the...
Compression triangle identified on mydeal
MYD has had strong growth in revenue/customers this year and will continue to expand as online shopping becomes more popular due to the COVID19 Pandemic.
A breakout is expected from here.