Looking like a solid break-out from that wedge in yellow, which we expected, pretty much right on que. Getting above the $0.54 cent mark is the first hurdle now being hopefully tackled. Next stop $0.60! And then hopefully up into that Support line channel from a time back.
Back in early September we showed the the trend lines channel that TUBE from video upload site BitTube was in. That has gone nicely. Still need to see the break of 12 cents is my guess. In any event, in the mean time it looks like a nice new upward channel has fully developed. That is highlighted in the updated chart here. Also my projections with the green...
If @XRP can get above the $0.60, which is a Resistance line, then it should be on it's way to the next Resistance area of around $0.80. XRP long is my view, especially if we get above that $0.60 mark soon. That way XRP moves and all of the news around Ripple these days, that could happen in hours! Who knows!
#TUBE, the coin from video start-up, BitTube is looking strong. Broke trend lines to the upside. Next stop, hopefully $0.10! Very interesting company and crypto, for it is an alt-coin with a real product behind it that is already online and working! You actually get paid in TUBE for uploading AND watching videos.
Watching Verge (XVG) and it is staying within it's slightly upwards channel. Hopefully will get more impulsive and above the moving average line and break then upwards out of this channel... We shall see. Made a couple top against support, so that is good. With little data, hard to say. We continue to monitor Verge, with a HODL approach.
Might be buying this dip to ride the last major wave up here. Then we may have a week or so of correction, before we go to new heights. Who knows, if impulsive enough again, maybe new highs for LTC! Kind of some key channels to stay in for now, so we shall see what happens.
Looks like, we are now in wave three of this correction up start of BTC with more waves to come. Wether it is a correction or a new bull market, is hard to tell. So wether we just make an A-B-C up correction or a new set of 5 main waves, to new highs shall be seen. In any event, if we can hold above that 9.8k mark and hopefully blow through it, like a 3rd wave...
Still neutral at this time, but looks like BotCoin may be ready, if not already, for a bounce. Potential to go down to 5.8k or even 5k before; or could have started already. We shall see. Would not risk long just yet, but maybe getting there!