As mush as I would have love to share an optimistic chart like some I've made before, I had to warn you about the possibility to see sub 5cts level to 1 cts..... Never thought I would write this, but here we are. While it looks shit, I see it as a massive buy opportunity as I still believe in XRP.
Hopefully I'm wrong and we shall never see these level...
Hope you've spent a nice Xmas holiday despite recent SEC news. In the meanwhile I've prepared this rather simple TA for the short term.
I think we are going to see sub 0.15 shall we break 0.275 . This could occure around 31 Dec probably ignated by BTC retracement. If not and we break 0.32 easily, likely we shall see 0.45. if not higher.
My previous idea highlighted 0,38 area for target, but we didn't manage to break 0,33 resistance so this scenario could come true hence the re-assessment of the situation.
What is certain or almost.
- We are still in the downtrend channel (orange)
- We are probably going to retest yellow downtrend line
Assumption and speculation
- Bottom and final...
Lots of hopium charts as of late showing massive pump beyond moon... Of course its possible, but as possible as we could see sub 0.15 area again.
More I look at the chart, more I believe we need more time before mother pump.
There are 3 levels short term to watch for with 0.38 resistance test my immediat target before a pull back to 0.25ish support area then...
0.42 area still my target based on this TA and my previous idea.
Everybody seem to focus on this inverted H&S pattern, but I prefer betting on this symmetrical pattern zooming out on inversed scale. Not that obvious on normal scale but definitely clear with this view.
Start trading on inverted scale and you will start making monies. Here you can buy the top and...
Using inverted chart can give a better sight for me at least and it looks obvious we ain't going to break 0.42.
After we hit 0.42 area, as per 2015>2017 fractal we could see a new low sub .15. Yes I still believe its possible. Just take this opportunity to load your XRP bags.
Should we break 0.42, next major res would be around 0.68 area.
Take care all!
As previously mentionned we are just not done yet with THE domp.
As you can see we are in this descending wedge (blue) which might test bottom line around 0,15 before next big pump.
This one will not only break the wedge but should test top line of the channel (red) this wedge is sitting in. Timing for the pomp...Late April-mid May.
Target from most realistic...
Based on fibs this is my guess. we shall touch 0,15 soon or later and before any major pomp.
I'm not going to guess lower for now as we could definitely revisit 1$ or above before then.
Good luck and see any dip as an opportunity to add up to your crypto stack
Per my previous idea I anticipated a big dump to sub 0,23 level failing to break 0,285 resistance... It obviously didn't work out this way hence my obligation to re-assess and try figure out next move.
The question is did we really start the bull run to new ATH? Well 0,38 level will be the first to watch for and will be my next target. Breaking this...
I don't think we should expect any shuttle launch to "moon" as long as 0,23$ area (Stamp) is not re tested. If breaking lower we could see 0,19$ levels. BTC which is set to dump to sub 9K levels could drive most alts down.
Lets see how it plays out. Trade safe all.
I have spent some time now trying to make sens out of present move based on the past ones.
Lots of people thought bear market was over and correction done last September (Yellow wave count) however, fractal from top April 2018 to bottom August 2018 is perfectly aligning on top of June 2019 till now indicating couple of days sideways and a severe drop to sub 0.23...
This look as fancy as it would have looked back in 2015/2016. But a copy paste of the same move within the drawn channel is showing where we are sitting right now after almost a year of accumulation and we might actually go for a last dip around 0.24 mark before moon with 20$ by mid November and 170$ in a year time.
See you in September lads to see where we are...
This one is self explanatory. Watch for 0,46 level. Breaking 0,50 will confirm the breakout per my previous TA. (Target 0,80) Breaking down 0,45 level will confirm dump and if so we could very well see sub 0,31 level.
Trade safe lads!
(yes, per my theoric 45 days cycle, next one due late july early august)
We are all hoping breakout being confirmed breaking 0.50 area. However we could see a dump to 0.435 area beforehand. Let's see where our fellow BTC leader is going. He might give our shuttle just enough steam to truly launch should it surpass its actual price.
Trade safely lads! SL ON.