Lewball

Lewball

XRP is still following BTC, upper trend loss has been tested, looking at .38 area into rejection of this range then .25/.3s.

Lewball

Enter on re-test of 41k for confirmation.

Lewball

Full upper range tested on BTC now, nothing left to test in this range. Many missed the 48k on Binance perps. I see a bounce at 18k into rejection of this range then 12k on the cards.

Lewball

We just had an impulse move to test what we lost before the previous dump, closed just inside wedge but had no continuation which also confirms impulse move, very small possbility of testing top of wedge but not looking likely with the weekly close looming. Should start to see a big drop into the weekly close tonight. Looking at 12-16k range.

Lewball Updated 

XRP .25 next few weeks

Lewball

We've lost the high currently following the same cycle as BTC. We closed out of the wedge on the daily yesterday and had the re-test of that wedge today. Expecting a bleed down to .25 to test start of trend, which is also confluent with the trend line of this entire cycle (lower yellow line), before continuation and possibility of creating a new high. We may...

Lewball

We are just about to reject 7625 support from the previous range which is confluent with the MFI downtrend with hidden bearish divergence on weekly. Expecting rejections from here to around 8500 range. Strong moves in the near future still looking at 1800 range from previous chart I posted.

Lewball

BTC held monthly support but has failed to push through this range and bounce off the level. We have had plenty of setups on lower timeframes to warrant a push to top of range and all have been heavily rejected. MFI is currently at historically dangerous rejection levels, look at previous rejections around this area. A lot of interest around the 8600 area but...

Lewball

XRP has been in heavy accumulation as shown by the MFI and has just re-tested the new weekly trend. The move up to 14k on BTC put XRP at monthly lows in time for NASDAQ release on the 16th August.

Lewball

We had double touch top of wedge at the confluence point on MFI and holding monthly support atm at 9035 which could leave 14900-17100 range wide open. We also re-gained the previous support trendline before the drop to 3k. Possible wick to 8500/8600 area if we cannot break above 4H upper trendline and get forced out of monthly but this would be the spring to push...

Lewball

Will start re-accumulating around 8670 with wick down 8250 range then test of monthly resistance 11300 (also convergence with upside trendline.

Lewball

This could play out like an absolute dream

Lewball

Retracement from TD9 on kumo on the 4H then doji close on the tenkan, potential TK cross heading into the cloud. Don't think we will break 6750 though, fail break will be full retracement.

Lewball Updated 

Bounce off the trendline at 6700 with TK cross and kijun support leading through the kumo break. Strong continuation of trend reversal until 24k.

Lewball

Finding support on kijun, drop is from C-Clamp formation and BTC drop combined. May see another drop if BTC hits the 7000s. When BTC stabilizes kijun should come back into equilibrium with tenken leading for trend continuation. Now would be a good entry and hold until BTC pullback. I would sell on TK cross heading into the cloud with kijun broke.