Flare broke out of the symmetrical triangle. Looking at the oscillators, it is obvious it is extremely oversold! I suspect it will rebound back up with force. If you look at the symmetrical triangle you can see we were getting ready for a squeeze, so I think this next move up will be very aggressive. IMO of course.
I wanted you guys to see what happens when you zoom out to the monthly. I think this paints a better picture of why I think Matic will fall under $1 before continuing its uptrend. Look at the chart where I have my down arrow. If it can close above that line on the monthly, I think its possible this idea could be invalidated. We need some serious volume and news!!!!
Here is where I think we go over the next week (IMO of course). I see a continued uptrend. Very bullish. Snapshots are also being taken now for the March airdrop. I believe this will increase volume. Yesterday, we broke out of the symmetrical triangle, and closed the 4 hour slightly above it. Im really liking what I see!
Im a pretty simple guy. I don't need to make fancy charts to see a pattern of what going on. Here are my thoughts.
I posted the other day a short idea, and after the recent drop, I was unsure if that idea was still valid. So, I took a look at the daily this morning. Don't mind the chart, it's just how my brain computes things. Anyway, I think we could even see a further drop. I just don't see any real support. I guess we will just see.
Flare has some work to do, but there not a lot of time to do it. We are trading in a symmetrical triangle. We have formed strong support. The chart should do well in explaining my thoughts. Remember, this is just my opinion. Good luck!
Matic is overbought RN. It has not established any good support, and I believe it will retrace back to around .987 before continuing its uptrend. Remember, it's just my opinion. Have a great day.
We are still following the trend line. We have very strong support around $1.14. IMO, we continue uptrend with next short-term PT @ $1.25. Have a great day!
Well, XRP looks super bullish IMO. I have mapped my projection (IMO) of where I think we are going ST and LT. Have a great day.
Flare looks super bullish right now. I suspect we will see nice gains in the next 5 days or so. Have a great day!
Listen, I am a long term XRP holder. All of us have been patiently waiting for XRP to moon. I see a lot of bullish posts. I want to be bullish, but I cannot. YOu simply cannot ignore the head and shoulders pattern on the weekly. If you look at my chart, you will see 2 potential PT's. Lets hope I am wrong!
Every trader knows that without volume, nothing will move. Common sense right? Well, if you look at my chart, you will see a significant interest in song bird lately, and we have the volume to prove it. Its accumulating and I see tremendous upside potential. Get your cheapies while you can!!
As you can see, Flare is getting squeezed. I am expecting a big jump here in the near future. IMO of course.
I see a reversal pattern forming. Not going to post and PT's at this point. Most likely will see a further drop then an explosive move up. IMO
Pretty obvious that we are following a pattern. Any ideas what the next move will be? :)
XRP may trade sideways for a few days. I am optimistic that it will be squeezed tighter than a beef filled toco (I like beef) by Feb 7th and most likely explode to the upside. PT unknown.
XRP is one of the only alt coin I am seeing that has potential for an explosive move upward short term. Thats all I got :)
June seems to look great for a lot of alt coins. I see a long term uptrend on many of them!