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.
I wondered if there could be a pattern in breakout timing and the answer is yes. At least it tells you within few days diff where you are sitting. So there are 45 (roughly) days between each breakout.
Lets see if it comes true and where it wil take us.
Good luck all.
This chart is self explanatory. Using support and resistance confluence point gives us key level.
Possibly heading towards 0,31 and test 0,34 area which will be a crucial level. breaking through should allow us to see further upside later this summer but this is too far off to predict.
This is no financial advice.
Using same technic as with my previous TA here a new idea of the possible pathS. We don't have just one this time but 3 channels. Actually only 2 major in play as we speak and the confluence, reason why everybody clueless about the direction it will take.
My pick is channel 2 in purple, so likely to break channel 1 in yellow and rebound from actual area to test...
Please check October 5th TA which came out pretty close to price/timing movement. I applied same method here. More looking at a proper rebound around 0.37 areao rather than 0.30 area, which could still play later on if not further down (0.15).
We should likely see XRP raise to 0,53ish at best with a correction behind which should lead us back to 0,27.
If you take point 1 to 2, pink line, same lenght and angle and project it it does exactly match the 2 dip from 25/09 and 11/10.
With this technic I identified next 2 bottoms which match critical support level.
Next move, point 2 to 3 should confirm or...
Won't call this a TA as I don't see myself as
pro trader and just getting to understand how to read indicators and pattern after a year ( ex Hodler). This one speaks for itself and is making sense (or not..you tell me). XRP will likely remain in downtrend channel. H&S right shoulder should complete formation around 0,50$ breaking support to new low of 0,43$ and we...
My view on XRP for the next year. The only credible idea here is that we won't see the ATH of 3.3$ broken until end of the year. Only big news on partnership for use of Xcurrent and Xrapid could get the price to rocket earlier.
Sure thing is... TIME TO LOAD MORE! (you can wait a bit to get it at even cheaper price..like 0.55$)
I think we touched the bottom at 0,55. Still I'm not seeing a bullish reversal till end of the month. Going sideways between 1,40 and sub 0,7 level till then.
We might test ATH of 3,3 around mid March and see new ATH around 5$ by end of March.
I used the same drawing method as previously which gives a good hint of XRP path.
After this healthy 75% correction over ATH of 3,3 we should see XRP testing 2,47 resistance short term which will unlikely break (see slowstoch). Medium terms we will retest 0,86 support which should hold and next true breakout /price surge likely to happen by end of March to new height. Obviously there will be few announcements which will create momentum before...
Just for the fun as there is way too much volatility at the moment to do proper preds. If downtrend confirmed this is what we could expect for correction with support at 1.10 till end of the month. Not advising to short! Just trying to guess the bigger picture (short term)
I will stop doing proper TA until this bull run is over...I mean really over coz we've been mislead looking short term and comparing to actual crypto global market cap but we know the big monies justed got started flowing in. leaving a lot of potantial for this market cap to grow.
Now if you check LTC and ETH biggest bull run in 2017 you will notice price...