Last time XRP broke above a long term resistance line ($0.63) the move was roughly 238%, there were three resting periods on the way up (dotted line wedges) and it ran out of steam on the third. A similar move here would bring XRP back to all time high. I have added a wedge to show the area which could prove to be the end of the run, in the short-term at...
NKN could see some very big gains in the next few weeks. Not trading advice just an observation. Comments welcome.
Highlighting my thoughts on BTC in the short-term. Please comment with your own thoughts. Thanks Stewart
Good chance of a strong move either way here. My bias is towards an upward break based on Eth ATH and other positive news. A break up can be traded with a close SL below the wedge. Not investment advice, trade carefully.
If you're looking for a good point of entry for Bidao this is in my opinion a good zone to buy. Timings on the chart could vary a lot, they are just key areas based on previous price movement and volumes. Not investment advice just interested in your thoughts. Let me know what you think.
60.5 looks like a good point to go long on this one. A good r/r with a tight SL under 60. Not investment advice.
If this plays out it will be the 3rd time in recent days. Not investment advice
Difficult to identify a clear target for Ada. I see the price loosely following the trend line (dotted line) and eventually settling above it. Where do you see the target for this? Do you agree with my estimate (the yellow box)? Comments appreciated. Not trading advice. Thanks Stewart
Could be forming this wedge which would lead to a big move either way. What do you think? Not investment advice.
Here I have just projected the previous breakout onto the current pattern. Price has just broken above the channel and may pull back momentarily before the up move is confirmed.
I like this coin for its fundamentals. The above idea shows a possible breakout over the next month. Not investment advice.
A potential next move for Bidao. Not trading advice, just an idea
XLM has quietly been doing well over the past few months after a long period of decline. If the current trend continues we could reach highs of over $2 by the summer. Not trading advice.
XRP is breaking out of this channel exactly as it meets the long-term resistance of 0.45. Will it break up to the next resistance line (blue) or will it surprise us again and fall? What do you think? Where would your target be in the short-term? Thanks for reading and commenting. Not trading advice btw.
2 ways I can see this going. 1) similar to last wedge, a strong break out of the top to around $40. 2) runs out of steam and breaks downwards with a pause at the support line. Not trading advice, just an idea. What do you think?
Bitcoin could be forming a head and shoulders pattern which could lead to a sizeable drop in the short term. On the shorter time frame we are at the bottom of a wedge, a break below would indicate a large downward move. $32k could be a good buying area for long-term hold investments. A break up higher than the left shoulder could invalidate this pattern. Not...
Possibility of a small pull back on the way but expecting to hit 1500 in the next few months.
A break out from the second orange triangle could result in something like this. Not trading advice just an idea.