I updated you last week that we have broken the trendline and it is time to buy, since then BCH is up 25%. Now it is time to break the resistance $525-535 to move further. Once we break the resistance we are ready to takeoff. + We have RSI above 60, MACD still green and we all know that BCH is undervalued compared to the other coins. Let’s go 🚀
I forgot to mention that we broke the downside trendline and that is good news for XRP community. Since the last time I updated you, XRP is up 30%. I said XRP is going to do 50% retracement and will test the resistance 0.475. Now we have to close one daily candle above 0.50 to move further and it is time to test the next retracement level 0.618 and once we break...
Since the last time I updated you, XRP is up 30%. I said XRP is going to do 50% retracement and will test the resistance 0.475. Now we have to close one daily candle above 0.50 to move further and it is time to test the next retracement level 0.618 and once we break it we are going to test the resistance 0.75 for the last time hopefully. Good things take time so...
Good news, we have now re-test the trend line and the support level $400 held. Now we have to break the resistance $525 to move further. Something is very strange and that is BCH is very undervalue compared to other coins, because according to Total Market Cap exclude BTC the fair value for BCH most be around $4000.
I updated u guys 2-3 days ago, that if the support level 0.35-0.37 and SMA 100 HOLD, then we are going to see a 50% retracement to 0.47-0.52. Now I have found a fractal that happened in Mars.2017 <and I see that the structure is almost the same, but if we see a push in the price, then I am 100% sure that this is the same story. BE PATIENT GOOD THINGS TAKE TIME.
Now we are on the good path. The support level $30000 held and now we broke both the resistance $34600 and the trendline. I think we are going to set new all time high soon.
In the short term we are going to see 50% retracement, I think the support level 0.35-0.37 were strong enough, so now it is time to move up to test the resistance 0.47-0.50 first. + We see a beautiful head and shoulder, that tells us we are going up.
XRP retest the support level around 0.35-0.37 and SMA(100), once we get above 0.47, we get another chance to test the resistance 0.75-0.80. + We have RSI above 60 and it is bullish sign.
Update 3/3: Like I said 5 days ago BTC will drop to $26000. We have one more dip to $25800-26000 and after that we are going to set a new all time high for BTC and then it is time for ALTCOINS to set new all time highs. So be PATIENT and don’t PANIC, because this market is still BULLISH. Like I said it is going to be a total 35-45% correction and then it is time...
If we use the 2017 fractals we see that there is only 300% left for ETH. Now we are fighting for new all time high, but once we crush the $1450 resistance, then it is time to takeoff. My targets for ETH are between $5500-6200.
From this chart we see that we have good support around $400-425 + we see also Elliott wave principle (1,2,3,4,5) waves and a small (abc) correction, so I think now it is time for new (1,2,3,4,5) waves to come and that will get us up to the target $1000 in the short term. The last update I did for BCH, I told u guys that BCH is lagging behind the Total Market Cap...
Like I said 5 days ago BTC will drop to $26000. We have one more dip to 25800-26000 and after that we are going to set a new all time high for BTC and then it is time for ALTCOINS to se a new all time highs. Be PATIENT and don’t PANIC, because this market is still BULLISH. It is going to be a total 35-40% correction and then it’s time takeoff.
The moment we all have been waiting for. 100% bullish with target $2500
We are still in a correction zone and we are not done yet. We have one more dip to 25800-26000 and after that we are going to set a new all time high for BTC and it is time for ALTCOINS to set new all time highs. Be patient and don't panic, because this market is still bullish. It is going to be total 35-40% correction and then it is time to takeoff.
We are still stuck in the trendline, but once we get above it we are going to takeoff. We can also see a very nice head and shoulder pattern, but it's not 100% complete yet. We have to wait for more confirmation.
If we look at crypto total market cap exclude BTC (the orange line) tells us that, the fair value for BCH should be $2500. We saw a bullish candle yesterday closed above 500$ that’s a good sign. The next resistance is $650, so be patient.
We have break the trendline, then we will takeoff. Good news is that we are above 200D moving average.
I think the first stop for XRP is to test the resistance 0.305, if we get above 0.305 the next stop is 0.38-0.43, but I think we still have to wait for some confirmation.