Just mentioned ETH breaking a H&S, Looking back at BTC on the 1HR - we have also broken head and shoulders.
Ripple may be on its way to test 0.85
I've mentioned this before, personally; smaller valued coins like XRP are to be owned, not traded. Technology is still undervalued in my eyes.
Awaiting market behavior at this area. ($800ish)
If market breaks below $800 we should see further consolidation near $730 - $690
"Worst Case" : A test to $500
Weekly sentiment is bearish.
Daily & H4 Demonstrate bearish behaviors.
As stated in my post monthly report - we should see a consolidation area here in this area. We successfully broke above and closed both bear trend and resistance point; will update soon.
drive.google.com << Post Feb. Debrief | Previous reports listed within.
Over the past couple months, the US has made consistent new highs over and over. In the past investors have been in pure denial about the possibility of these Indices collapsing (1929) but we're now more knowledgeable to actually understand that bull markets never last forever. This retracment is healthy for the market in my humble opinion, the economy on the...
Anyone who's been following me outside of TV, knows that I'm very optimistic about Stellar.
Above we could see the market inching towards it's support located @ 0.00004852
I'm anticipating a bounce towards 0.00006 (if PA breaks through this area we should see brand new highs)
A pull back to 0.000044 is possible - this is a solid entry IMO
This is a coin to...
The market is demonstrating tight price action hugging the bear trend within a triangle
A break above can send the market upwards (with some resistance met at 0.00000737, if the bulls carry enough momentum behind them we could see price test at 0.00000857 - again if the market is strong enough we could break above that and see a test at 0.00001003 (were we'll...
I've been looking at the progression of Stellar over the last 4 days and have been anticipating this move. The price is headed towards 0.64 cents since its broken past resistance at 0.00004825 we can anticipate a double bottom which we'll then maybe find new support.
If we do we'll be well on our way to possible new highs.
--Thanks again Debalo :)
In the monthly chart note the reversed H&S pattern --- We broke the neckline sending price upwards.
After the move upward we seem to be testing top channel trend. (Right Chart - Magenta Dashed Line)
Im anticipating in a fibonacci retracment to key levels. (38.2 - 61.8)
Market Outlook: Bullish
On the left we see the weekly chart - Note how raw price action movement respected that bull trend; also RSI is returning to wave one levels as this is happening we can also see the market returning to $758 Support.
On the right we have the daily chart - Note the bull flag (indicated by dashed green channel) Previously market had broken the H&S neckline at $1080...
If the market breaks out above $14,178 - $14,367 resistance area, we could see a move to $15,350 - however, please note MACD and RSI Divergence; If market respects trend we could see further consolidation or a pull back to support level $13,180.
24 Hour Outlook: Neutral
The market seems to be creating a reversed head and shoulders pattern - its important to note as well that the market is currently testing a support line.
Micro New-Resistance 0.00001032 (Also neckline level)
Support : 0.00000999
Next potential move towards 0.00001155