There is definitely a huge move coming for XRP against Bitcoin. We had recently broke out bullish from a large descending triangle pattern. Currently, we are sitting inside of a bullish ascending triangle pattern.We want to see a bullish break from the ascending triangle and a local higher high for an explosive move against BTC.
SHIB within strong support of $0.00003339 and resistance of $0.00003742. I am leaning towards breaking support and finding new support at $0.00002744. -Failed to make higher high on the last move. -Hidden bearish divergence on RSI. -Total Market Index looking to shave a good 10-15%.
This asset has a lot of downside potential if it cannot hold $185. -Failed to reach the 0.618 fib. -Downside targets are outlined on the chart. -The next strong support will be down at $154.
I'm keeping a close eye on OMG for a longer term swing trade. On the short term, I am looking to see how we break out of the falling wedge pattern for a potential day trade. In the case we break bearish, I see a good accumulation zone from $3.00 to $4.50.
First of all... I have always found XRPBTC to be the most fascinating pair out there. The volatility is off the charts with intense rallies and unforgiving downtrends. We are currently in the base which spans from 400 Satoshis to 2,400 Satoshis. XRP also seems to be sneaky and it looks like it may be at it again. On the 4H time-frame XRP broke out with volume and...
Stellar is looking to start a further bearish trend. -Broke bearish out of ascending triangle. -Currently looking to use the bottom of the triangle as resistance. -Starting to form a potential bear flag with measured move to $0.20. -Broke bearish on the RSI trend line.
Bear Flag with a measured move to $38,500. Trade setup -Entry within flag or on confirmed breakout. -Stop loss above $50,000. -Take profit within green box $40,800 to $38,500.
Could it get any simpler than this? -Quant is approaching strong support at $177. -RSI is following price action and has plenty of room to go long. -Falling wedge on price action and RSI.
The trend is only your friend until the end. Your stop loss on the other hand is your friend through the end.
Potential bear flag on the 4H with a measured move to $0.00003702.
This asset is testing a strong support/resistance area of $8.00. We want to see OMG hold $8.00 as support for a further move to the upside with long targets outlined as green dashed lines. RSI is at a good place for a reversal off support. *Not Investment Advice*
-Currently inside a large ascending triangle pattern (This is more of a bullish pattern and is neutral until we see a breakout in either direction) -RSI is holding the same trend as price action -Volume has stayed stagnant and will most likely pick up on a breakout making for a strong move Trade setup Entry point - Above ascending triangle after breakout Stop...
Bitcoin had just hit a new all time high on November 10th, 2021 of $68,789.63. Since then the asset has held its ground and came back down to the 55k area. We want to see Bitcoin hold the trend line for a continuation of the trend. -Good placement on the RSI for a bounce off of the trend line -Currently sitting on a strong zone of horizontal support at...
COINBASE:ETHUSD Keep an eye on these ETH support lines. ETH needs to hold the trend line and support at $3,600 or will most likely end up continuing its down trend to the next two support lines.
Litecoin had broke out of its ascending triangle on the 8th of November and hit it's target around $300. We want to see Litecoin stay above $166 in the short term and hold the bottom line of the ascending triangle. Litecoin will stay fairly neutral in this ascending triangle range until it works its way up and holds support above at $200 or breaks below the bottom...
-Strong hidden bullish divergence on the daily -Bounce off of the lower trend line -Broke out of downward trend -Broke through horizontal resistance and now retesting -Volume is picking up for follow through momentum
BITSTAMP:BTCUSD Bitcoin is looking strong on the monthly and could still have another leg up. Volume - Volume has been stagnant and I believe will pick up during the last week of November and grow into December. RSI - RSI has painted a new higher low which looks to be indicating a continued move to the upside Candle - I want to see a candle body close above...