I told you all in my last post that I would be looking for volume to start picking up on a move down somewhere between 1700-2000 sats. The volume is starting to pick up and the bounce can be coming in anytime. It’s time for me to start placing bids on XRP from 1775 Sats up to the current price.
XRP is starting to look very interesting. Looks like One final Dip could be in store to form a weekly/Monthly Bottom before a reversal finally comes in. I like the area around 1800 satoshis for buying. The rsi is diverging and a big Bullish volume spike following this dip should mark the bottom.
Falling wedge spotted on FLNT Weekly chart. We can take a long position in the range of .85 to $1.00 based on this falling wedge pattern. We can place stop losses below at .80. The target is $17 based on this pattern forming from the bear trend dating back to 2010.
We have a possible inverse head and shoulders pattern forming on the weekly with the price currently forming the head. Good long opportunity here. Should see Just over 10000 as a near target if the price reverses from these levels.
In my last post I noted that the descending triangle pattern was clear and that a downside break was very likely coming. I found a very similar pattern to compare with on the ONTBTC pair (in red). It too broke down from its descending triangle pattern back in March and ended up making a move back to the old support line before making another move down. This...
I have been tracking this pair for some time now. In my previous post, I stated that an upward break from the bottom pattern would likely be resisted from the pink line that I have now dragged out on the log scale. This line was significant to me back in October as it was initially acting as a rising support in the symmetrical triangle that was formed from the...
We can see the bullish divergence playing out with the indicators and now a pretty clear Ascending triangle pattern forming on the 1-day chart. Good potential for a short term break to the upside with a good risk reward trade.
Target 1: 120
Target 2: 132
I have been following this one closely since trading it to perfection in its Binance debut pump last June. This coin along with many of the other binance IEOs from 2019, excluding Matic, have been taking a beating in this prolonged bear market for cryptocurrencies. Many were released near bitcoin’s top of 2019 rally in June and have produced some ugly charts. This...
Barrick Gold bounced almost perfectly off of the rising support line of the monthly ascending triangle. Price is approaching the horizontal resistance, and a pull back to support is likely here. A close with breakout on volume above the resistance line would be an extremely bullish signal.
13-14 range looks like a good place to accumulate Barrick Gold shares and go long. Ascending triangle spotted on the 1 month chart. Expecting to see inflation spike in the years to come, and barrack gold will benefit.
I posted on XRP recently and noticed that the total crypto market is also looking very good indeed. We see the third possible soldier candle closing by the end of tomorrow on the weekly. If the market makes a gap back up towards the top of the wick and holds in the next 24 hours, we can say the pattern is confirmed.
I am anticipating a lower low to form here on the XRP BTC chart at around 2200 satoshis. I believe this will be necessary to kick start the next bull run for XRP. We could see a run up from here but the key is to look for big bullish volume at the low or through resistance as confirmation that the bottom is in. This has still yet to be seen. A lower high forming...