Soon as the Local top for BTC has been established (I believe we are there for the moment), XRP/BTC is going to bounce hard. Parabola about to break.
Breakout of both down trend-lines, with VOLUME. Price broke through and is trading above both the 50 & 100 Day Moving Averages with the 50 day about to cross the 100 day. How is this not a bullish retest of the down trend line? I would love to see counter ideas...
Time to double up on this trade that is completely going to plan thus far. Pretty sure XRP pumps to 9,300 sats from here.
This is what adoption through use-case driving the demand for XRP would look like when the 200+ banks signed onto production contracts with xCurrent make the move to xRapid. Of course it will only start with a few, maybe 5 or 6, and then soon enough to stay competitive, more will join until eventually if you're not making use of the extra savings provided by...
If you're not looking for longs between 6000 & 7000 sats, then it is likely you might miss the next impulse. Get your tickets and enjoy the ride.
Trend is up, however nothing goes up or down in straight lines. BTC looking to cool off. Nothing out of the ordinary.
Sweep the lows, SFP, Liquidity tap, Stop Loss Hunt. Call it what you will, don't matter to me, looks bullish either way. New paradigm incoming. THIS IS NOT FINANCIAL ADVICE.
Largest triangle formation in the entire crypto-sphere? When this breaks out, you will see volatility like you never have before. RSI suggesting a reversal of the trend is on the cards, oversold. Wicks onto trend-line support show buyers stepping in. Possibility of a bear trap however I suspect that move has been overplayed by now.
It has taken over 450 days to correct a 21 day pump. A base was formed above the previous consolidation range and this leads to me to believe we formed another accumulation range. There is potentially 28 days left to accumulate within this triangle pattern, however if we break out here (RSI I, I see you ticking up), we could be above $3 in 28 days...
Falling wedge into support, with Bullish divergence printed on the RSI (4hr) going back to late January. If this does not melt faces soon, I quit trading.
What has been seen cannot be unseen.
If this area holds, it will be the first higher low for XRP in a long long time . This is significant is a potential point for a trend change, which would mean the start of next market cycle. A higher high will confirm this.
If Daily closes above resistance then (Very possible) it would be worth a long. If it closes back below, I would wait for a test of the lower supports regions before Longing again.
I got no words, noobs still be selling after all these bullish wicks. The fact that XRP hasn't pumped yet shows to me how over extended this down move really is. When it does turn around it will be violent.
Stop loss below ~7600 sats, if that breaks next support around 7200 sats.
Massive head and shoulders forming, Bearish Divergence on the Daily within a rising wedge and all volume has dropped off which means a trend reversal is likely (buyer/seller exhaustion). Lots of bullish FA happening with Crypto overall in the year of 2019. Logical Support and Resistances labelled.
100 MA proving to be a solid hurdle. Expect green once broken.