*Not financial advice*
-Extremely clean multi-year pitchfork.
-Fib levels in gray.
-RSI squeezed at historic decision level.
-All periods on Quad CCI rolling up above -100.
-Very clear static support and resistance levels, not shown here (very visible).
*Not financial advice*
Self-explanatory chart for the most part.
500d SMA / 7d = ~71W SMA
Not sure why this SMA has been so good for trend continuation pivots, but it just is. Pointed out by Dad Shark on his live stream, highly recommend checking him out.
Not sure if same percentage increase for total alt mcap is truly possible (a lot more capital now then back...
*Not financial advice.*
Entry: $2.50 - 2.55
TP: $1.65 - 1.50
-200d BB 1.25 stdev is visually very wide, would require an enormous amount of volume for a trend continuation move right now.
-1.25 stdev pivot now acting as resistance (previously support)
-50d BB 1.25 stdev likely to expand here. Long term compression, short term expansion. No...
Schiff pitchfork using points 1, 2, 3. These channels have been valid for all historical XRP price action.
Profit potential on right side: ~300%+
Oversold RSI, similar patterns for previous huge returns on both stoch and regular.
Support at 2600 hasn't yet been touched, nor broken, was used for previous pumps
My previous XRP TA (below) resulted in being stopped...
If the pattern repeats, we'll see a $13.6k area where btc will range again. From there, we'll have to see. RSI still has some juice in it, usually stops at 90. This also lines up with the fibonacci resistance at 0.618.
XRP/BTC has reached its bottom at 4000 sats once again. Last time that this happened twice in a small span of time, xRapid news pushed the coin up over 140%.
If there is news on the horizon, then the bullish USDT chart (potential breakout occuring over 42 cents already), will only help the btc chart to pump significantly. RSI is bottomed out also.
Just using two Fib retracement and extension grids, all of the key S / R levels are neatly exposed.
Could a weekly close above 2.618 imply further upwards movement? Or will the retrace continue?
Also interesting to see an essentially non-decreasing OBV and high up above LINK's long term (mean reversion) trendline.
Should be interesting to watch.
Chainlink looks primed to follow another cup and handle burst upwards. If this will occur, we should expect at least 20k sats in the near future.
In addition to this, the 1w OBV is at ATH after breaking it's most recent. 1w MACD is set to cross and explode upwards as well.
Should be a fun watch.
Disclaimer: LINK has gotten destroyed in sats over the last week. This entire prediction relies on btc not dropping like a rock, so make sure to run a stop loss around 48 cents.
This is an update on my most previous post. I am limited to 3 indicators, and did not save the pitchfork from last time, so it is not perfectly set up (though it is roughly aligned).
Using a pitchfork, it seems that LINK's USD value has this line of best fit. If this is the line of best fit, I expect the time spent on each side to be roughly equal, so I expect a break above 60 cents before the end of April.
Additionally, I've included black S/R lines that seem to describe almost all price action dating back to the launch of Chainlink on...
Hello everyone. There are several ideas that I'd like to mention:
1. We have consolidated quite strongly above the former price channel (from July - Jan). This may mean a new trend entirely, as shown in the chart.
2. Using fib levels from the start of this entire run up (Jan. 3rd) and on the short term retracement from 15447, it seems there is a harmonic...
Hey everyone. This is my TA for LINK / BTC. I've had this charted since that downwards channel broke upwards. Seems that we are forming a near symmetrical triangle. Monitor this for a bounce off the lower trend line. Stay tuned.