Seems there will be some beautiful action soon. "parabolic" flag above resistance. RSI ticking up.
XRP has been trading poorly recently. However a long term view confirms: XRP is backtesting the descending long term trendline from which it has broken out on May 13. Bears have tried to make it break down several times. However this looks like A BULLISH HAMMER DANCING ON THE APEX of the wedge !! Could be ready to fly !
This could be a false break out and an "around the apex" (of the falling wedge) move. Volume is picking up.... Bullish divergences....
Strong and longterm positive divergence on the RSI... Price is looking strong also relative to BTC... THETA is just below very important resistance. If this resistance breaks THETA could fly !
WTC is breaking out of a very longterm descending bullish wedge !! Look at that volume !! I think that WTC is as cheap as you can get !!
Seems that Stellar has found a double bottom. Volume is decent. Positive divergences ... On balance volume turning up also.
OMG - was waiting for this for one week now !! We have a clear breakout !! Waiting for confirmation on the RSI.... THIS BREAKOUT IS SIGNIFICANT !! Price is still dirt cheap ... take advantage !!
Price broke out on weekly time frame !! Similar breakout on the RSI ! Volume IS there for confirmation !! If you do not have SKY in your portfolio, the actual price is a gift !! THE SKY PROJECT IS A SLEEPING GIANT ! Real company - 29 real products - 7 different real use cases !!
Let's see which way it wants to go !!!
Looks like price will soon decide whether it wants to break down or to break out !! There will eventually be some new action very soon !!
Could that be a half way pattern determined by a giant bull flag ? Could BSV reach a QUARTER OF A BITCOIN ? Sure ! (it's way superior tech)
I draw the tringle again for better understanding of target determination.
Target of descending triangle 432 USD reached. I did not publish this prediction since it seamed unreal to me. This could very well go on for some time ! 0.1 BTC could be in the cards in the near future (it's much better tech).
Bull flag forming just above resistance !! BSV will soon test all time highs !!
Price is actually backtesting long term support line. RSI is cooling off a little. Volume and on balance volume are showing that there is still room for higher prices. All time high is not that far away.... If we make new all time highs then there will be a true price discovery !! That will be interesting to say the least !
As I foresaw BSV is showing real strenght relative to BTC and is ready to take off. However I was really surprised by the volume showing up today !!!