This is NOT a prediction, merely a speculation/POSSIBILITY of how deep XRP might correct while still retaining an essentially bullish bottoming structure, including defending the first higher low! Any deeper correction might spell trouble... On the other hand, the pullback can be LESS severe - with earlier upward contiunation! Essentially this version imagines...
The chart is quite self-explanatory, but just to spell it out: I already have a core position built up & ready to go. IF given opportunity by crypto gods, I will accumulate more in zone 1... and may futher increase position size in zone 2 (IF price ever gets there) There are NO PRICE/PERCENTAGE GAIN TARGETS because: 1. this is a LONG-TERM hold, big part of...
I am far from certain about the exact trajectory $XRP would take to ATH - it may consodliate longer, or suddenly decide to take a steeper route, so a disclaimer is in order: I fully expect the slope and the timing of the path might look somewhat or even very different... The point of this chart however, is to see what happens IF we don't close this month under...
A retracement after a bottom in progress...
Many people got sucked in too early. Now the dust has settled and traders moved to seemingly juicer break-out set-ups. However, I find the candlestick combination quite compelling, ie. two hammer in a row, and then an inverse hammer inside the first two. It's always just a probability, but I wouldn't be surprised to see this "hammer a bottom" soon...
A test of the lower supports cannot be excluded if it falls out of the kumo again...
First phase of this trade is described in my previous NPXSBTC post (see below under Related Ideas) Short term, price might peek above and then pull back and re-test the kumo cloud as support or consolidate around it. In other words re-test of 13 sats can't be excluded. If and when the kumo holds, NPXS might easily pull a full HOT... I have no specific path in...
Previously every time CCI got so high, the price retreated. However, after several attempts to tackle the resistance, could this one power through and continue (either with a re-test or without)? If so, I'm eyeing 100 - 300% Note: I am not buying the break-out, since I already have a position from the bottom level accumulation - see my previous...
The volume, the rsi divergence, the flattish kumo about to switch from red to green... those signs pretty much say it all. $aion/btc (as well as the fiat pair) has all the hallmarks of heavy accumulation. It might dip a bit more if $btc correct suddenly, but over-all, I really like how this looks...
It's not financial advice, but I longed this just in case. A small bag, but a bag nevertheless.
If it can get above the kumo cloud, re-retest and stay above, we're off to the races
No guarantees, but NPXSBTC migth be finally ready for at least a temporary bottom, if the thick support line holds...
However, $XRP could also just stay rangebound around the horizontal resistance for months... I would quite welcome that as a chance to accumulate more. Of course, the pessimistic scenario would be a return to retest the lower horizontal support level.
Looks like $FUN is bottoming...
$XRP seems to be at an interesting confluence of a horizontal resistance and a potential bullish pennant. One of the strongest altcoin charts vis-a-vis $BTC. If it resolves upwards, things might get quite interesting...
Ready for launch by Jan/Feb 2019? XRPUSDT Monthly Chart - possible long term support?
signs are there, we'll see how it tackles the resistance...
Given overall sentiment, expecting a bullish break