In front of you the weekly chart (!) of XLM
As you can see there is a bullish divergence on the RSI. On the weekly chart. Yes.
It means that the price is decreasing while the RSI is increasing.
That's a pretty big bullish signal.
imo bulls are taking positions for a new bull run.
Appreciate your likes, thanks for that.
In front of you the 2hr chart of xrpusd
That sort of whale curved shape is one I make often for myself and uses it allready for a time. When the higher and lower level of that shape crosses mostly I see a significant move.
Thanks for reading, thanks for the likes.
In front of you the 4hr chart of XRP, I'm using some indicators: MACD, RSI, MA200 and support & resistance lines (actually a multi-indicator)
Bullish scenario with arguments / conditions
- Right now xrp is in a triangle with a 80% chance breaking up.
- RSI is showing bullish divergence (also on daily chart)
- Macd is building bullish move
- If it breaks up...
Above the daily chart of XRP. Since XRP break down the big descending triangle the price is looking for a support zone.
Below the detail:
Right now the price is triggering the big resistance of the big triangle with a ascending triangle. This one has a chance of 80% breaking up but because the big support above it will...
This is a very suggestive idea but there is a serious possibility of such an outcome.
Also nice to keep an eye on the next years
And yes, there are many ways to get rich in a descending triangle....
Good luck trading ;)
Couple of weeks ago I posted a bullish wedge in the chart of the marketcap ex bitcoin (below)
Now it broke out the chart is testing the first support en resistance level. After making the first s/r level he will do the next one, and so on.
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All info provided in the chart. If you appriciate this idea leave a like. Click on follow to receive a notification when I publish a new idea.
SINCE YESTERDAY DUMP OF BITCOIN, THE PRICE BREAK BELOW THE LOW LEVEL
SUPPORT OF THE SYMMETRICAL TRIANGLE WITH AN 50/50 OUTCOME. NOW IT LOOKS
LIKE THE BULLS ARE BEING WEAKER AND WEAKER.
AT THIS POINT WE'RE...
(info provided in the chart)
The Bitcoin Market Cap chart moving right now in a sym triangle. This is a continuation pattern.
A triangle forms itself to give the market some breath after a big move.
Because it is a continuation pattern, I'll expect a break out upwards.
But, keep in mind, this type of triangle always has a 50/50 outcome.
Since btc is a time in a triangle (sym or desc) the outcome of it getting exiting. I've posted about the big triangle an idea, linked below)
As you can see there is an inverted head and shoulders pattern in the making. If it breaks out indeed the first target is 12k.
All info in the chart.
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Big triangle idea, click for...
Nice chart to keep watching untill 2027.
I believe crypto follow a trend line on long term perspective. And this is what I think for Ethereum.
Also having a long term chart for bitcoin (in the link below)
Have a nice weekend!
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Couple of hours ago I posted a chart of a descending triangle for XRP. To made thing clear, BTC had a same one after the big bull run ended jan 2018. Below a screenshot.
I hope for all the xrp believers it will not result in the same way but I've bad feelings about it. It's just the same pattern. With statistic the same...