Here's my analysis for xrp At this moment in time, I believe this downwards move is to get the weak investors out of the markets before we see a bullish move up. The price of xrp could drop from here and hit the daily resistance level, when a level has been retested twice, it shows that it is being respected therefore from there should be a bullish move....
here's the same analysis for BTC, however, some traders are more confident trading certain biases. for example, I'm more comfortable trading bearish moves. Therefore I flip the charts for an additional bit of confidence before placing a trade.
xrp to hit the fib level, and to retest the trendline hopefully we see some bullish movement soon...
here's my analysis of bitcoin the price action has hit the 78.6% perfectly, this shows that the fib levels are being respected. If we see a reversal right now and the fibs are respected, we have the potential of seeing a new all-time high, however, I believe we won't see $100k this bull run; my potential target is $80k area. There are many psychological reasons...
My analysis here is to show my idea of what could happen for xrpusd. We should all look at both scenarios as a possibility. If we reject the red dotted line, then we could see xrp fall. If it breaks through it then we will see $1.95 again. BTC will decide the next moves One tip I can advise is, don't be scared to take profits. Any profit is good! If you...
XRP has been very volatile, my analysis shows that the price action has been rejecting the trend line. If we were to see a reversal here, this could form a head and shoulders formation, which could push XRP lower. Also, it is hovering over the fib level- another confluence. This is a SCALP idea so the probability is lower, however, this could be a good move...
ABC Elliots Wave ✅ Fib Extension hit resistance (1.272) ✅ Finish Lower Lows Potentially Nice Amount of Pips to be Gained! Clean Charts, Easy! 🦈 Comment Below Your ideas...
Hit 0.382 Fib Perfect ✅ Doji candle playing out ✅ Major Resistance ✅ Waiting for confirmation... BEARISH TO ME! Clean Chart as Always 🦈 Comment Below..
Broke Trend ✅ Head & Shoulders Formed ✅ Descending triangle ✅ Bearish Engulfing ✅ 20 EMA used as resistance ✅ Potential SHORT ! Clean Charts As Always! 🦈 Comment below....
Wave 4 Pullback to 0.382 Fib... wait for confirmation. We could potentially see a wave 5, produce a higher high Clean as possible 🦈 Comment your opinion below
Eliott Wave Theory ✅ To play the trade safe 'Target 1 can be set to the previous resistance' 1.95530 Target 2 can be lower to complete a lower low (could be 1.272 fib) Clean Charts always! 🦈 Comment Below...
Approaching 0.382 Fib ✅ Major Resistance Approaching ✅ Keeping Charts as Clean as possible! SharkTrading Coming Soon! 🦈 Let me know you opinions below...
Daily 50EMA being used as resistance ✅ Approaching 0.382 Fib ✅ Prior Resistance ✅ Clean Charts = Clean Results Follow On Twitter To Check Out Other Analysis on Other Charts SharkTrading Coming Soon! 🦈