BCH on a bullish rampage should reach well above 1day 200ma before any sort of major correction. Even when we get there the correction could be quite mild before another leg up we will have to assess the overall confluence of indicators once we get there. However if one were to put a limit sell somewhere it would be at that target point, a pip or 2 below to ensure...
Fantastic to see today's (November 5th) xrprice action do exaclty what I have been predicting this whole bull flag it would do. Not only did the initial breakout reach the small 4hr chart inverted h&s breakout target it then continued up after triggering the diamond pattern and on the way there found resistance exactly at the long astanding diagnoal ascending...
Something has lit a fire under bcash's ass and sent it launching upwards....I was lucky to have gotten on right at the breakout but I took my profits slightly early at .0792 sats. Now I'm contemplating re entering but am expecting bch to have a slight retracement before it shoots for the enckline of the double bottom. It ay not though at this rate....I anticipate...
For those of us who were already holding some xlm the slight fomo above the breakout target that created the current candles bullwick would have been an excellent place to take some profit. Props to anyone who acted quick enough to take advantage of that. We can ee here though that much like XRP, Stellar has also triggered a golden cross on the 1 day chart and...
The golden cross is now being shown on the 1 day chart. We also closed the last 1 day candle above the top trendline of the bull flag we have been consolidating in. I anticipate a confirmation of a bullish breakout of the bull flag on the current 1 day candle. We also have closed above a 4hr chart inverted head and shoulder pattern that had developed inside the 1...
So even though it doesn't appear like we have crossed ont he 1 day chart yet if I were to flip this to the 4hr chart you can see that the current 4 hr candle is definitely over where the intersection point of the 2 ma's is so even though the 1 day chart is not yet reflecting it, the golden corss has now occured and you will see it reflected on the 1 day chart in...
As we can see we are still inside the bull flag on the 1 day chart with the 1 day 50ma(in orange) acting as strong support and the 200ma(in blue) as resistance...based on the upward angle of the 50ma I have a feeling it will maintain support and ultimately push the price action above the 200ma and cause a nice bullish breakout from the bull flag which in turn...
As the price action on the daily char continues, we can see the bull flag xrp is in is looking very likely that it could break upward. For many many days now the price has been moving steadily sideways keeping the trajectory of the 200ma(in blue) and the 50ma(in orange) completely in tact...I haven't had to readjust the angle of either of their hyphenated...
For now there isn't much volume on this red breakdown candle...suggesting that the flag may be wider and considering the pole's length this is fairly probable. Keep an eye on the volume and look for a bounce to sustain a bottom wick to the candle. If we see an influx in bear volume we know its a breakdown and the 2 red targets here on the chart is the like...
As I anticipated this former trendline(in red) that once provided very strong support is currently providing significant resistance. Even though we have broken upward from the falling wedge and we still have a ways to climb to reach our breakout target we are currently being stalled sideways by this former trendline meanwhile the 1 day 200ma(in blue) is providing...
We can see on the 1 day chart so far the pattern appears to be a very run-of-the-mill bull flag. However the pole on this flag is immense and if we do indeed break upward the momentum could take us back above the 1day 200ma(in blue) and up to the 7.2k region. Currently we can see the 50ma(in orange) has taken a slight downward trajectory, while the 200ma has...
XRP moving steadily upward finally getting above the 1 day 200ma with a daily candle close and continuing to head towards the breakout target price from the bullish falling wedge breakout. Volume has not been anything exciting so it may continue to climb slowly but will likely get pretty close to hitting the price target if not hitting it exactly or exceeding it. ...
The breakout target for this triangle break is only high enogh to get it right on level with the first green 4hr candle of the triangle. So if we don't continue up from there once the target is reached we may consolidate some more and the descending triangle pennant may then morph into a standard bull flag. Of course we could also continue upward from there but I...
The inverted bart I was predicting off the last bear flag has finally occurred. Seeing as how we ahve retested the 1 day 50ma a couple times now since breaking above it and have found solidified support there I predict it will continue to stay bullish. R.I.P. Tone Vays 5x short
Shown here on the 4hr chart is a potential rising wedge we may be in. Those tend to break downward....the potential bear flag we were in we seem to have broken upward from but with the current lack of bull volume to go with that break up we now how to explore other patterns. One is this current rising wedge we are seeing on the 4hr which tend to break bearish....
the confirmation candle is holding its ground but still 3 and a half hours left to go in this candle so anything can happen between then and now but probability currently favors a bullish break.