Siacoin will shoot up and blast through the resistance or it will dips down slightly, hit the support and shoots up.
Channels are forming on the chart, RSI and MACD. When it breaks out its shooting up hard!.
31st Oct. - Hard Fork
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This is not financial...
Don't miss this huge run up!!!
If XRP breaks out of that trend line, its going to the moon.
XRP might bounce off the resistance and then bounce off support, then go up. If not it could go down all the way to the bottom of the pennant.
Ill be loading my bags and keeping a close eye on XRP.
We will all be retired in 2 years time.
Hope everyone appreciates my...
There is a huge bullish ascending triangle forming on XRP as you can see from the white rays . Green oval is the breakout point.
Targets are shown to help indicate where profits can be taken, however its your choice whether you want to follow them or not.
Stop losses are placed just under the triangle to help minimise loss if breakdown occurs.
The candles have broken out of the pennant but are not stuck in a parallel channel. I will be taking advantage of the lows and highs of the channel.
- Another run up will happen once the candles breakout of the channel.
- Or the price will drop if the candles breakdown out of the channel
Pennant forming and the breakout will be soon. Buy when the candles break out of the pennant and set your stop loss slightly below the triangle.
Pennants like this have been forming and breaking out within the last week or so on XRP, this one is no different.
As you can see there is a huge Pennant forming for about 8-9 months now, both support and resistance were tested multiple times and it could not break out.
- The reversal occurred twice in the golden ratio as you can see from the pink circles.
- The third reversal did not occur in the golden ratio, the candles did not reach the golden ratio. This is show by the...
There is 3 triangles forming on the candles, RSI and on the MACD.
- Candles just broke out of the triangle
- RSI is getting seriously trapped inside the RSI and will have nowhere to go other than up within the next 24 hours, it will have to follow the candles and MACD.
- MACD broke out of the triangle.
There is much more triangles forming on other time frames...
Trendlines are being respected, candles are bouncing off support and resistance lines. In 3-5 days there will be no where to go but up. This is based on moving averages of 7 (White line), 77 (Blue Line) and 231 (Grey shade) on a 343 minute chart. Will be updating this chart.
Good luck traders!