Break in RSI ema and the channel that has been forming should give us a target around 9400
Looking for a break out of this formation to begin a true trend reversal
Are we getting ready for some serious capitulation
A nice retracement back to the diagonal resistance turned support would be technically beautiful play, you dont get much nicer than that. This is going to be one of my heavier long term plays.
In confluence with BTCUSD chart we can see that the RSI is about to overtake the ema and we have a strong bullish heiken ashi daily candle which should lead us out of the 2 month consolidation
BTC is broken out of consolidation for the next swing high, Providing the next move to the top of the region, When we get to the top we will take it from there but as for now it has provided a long signal with other confluent factors. Possibly a buy before we go up and break this 2 month consolidation
the risk reward is just undeniably amazing
If we close todays candle as a reversal candle we can look for tagets towars 7500
WAITING AND WAITING AND WAITING, ARE YOU READY TO AGGRESIVLEY TRADE THIS MARKET?
No words needed, a picture says a thousand
Everything coiling up nicely for a downshot
As we completing the right shoulder we are looking at an attractive risk reward right here
Coming up to ATH resistance I believe we are in for a strong reversal as well most of the risk is better played to the downside at this point. coming down to 7K first target then to 62500
Cant imagine your going to be able to buy ripple at this price ever again in our lifetimes? I DOnt think so