This is my first published analysis on a US commodity but I've done trend analysis many times before.
This is looking to be a final drop on GOLD 0.46% 0.44% before it hits the bottom line before proceeding back up (following an uptrend pattern).
I'd buy in at: 1332
I'm setting a take profit at: 1318
And I'm setting a stop loss at: 1340
Comment below and...
It will more than likely take a dip after rising a bit, just as the saying goes - All things that go up must come down
It shows a pattern of having potential to rise to anywhere in the 5000-5600 sats range within the next few days.
I'll continue to update this and do further analysis on XLM.
As you can see from the TA on this chart, XRP seems to be forming a bullish pennant and may hold for a possible rise.
If you set stop losses I'd set one at 5-7% loss.
I will continue to analyze XRP for the coming weeks.
STEEM, XRP, and XLM are all following the same downward trend at -21.4%.
They're all heading towards the 0.236 fibonacci retracement line.
I will continue analysis on these three over the next few days.
XRP seems to be forming a double top and I expect that it will drop some later today.
I'll update later if any changes are made to the formation and what we can expect to see if it doesn't follow pattern.
This is just a basic analysis based on past patterns.
Based on the past major increase in price of XRP, it looks to be that XRP will increase to somewhere in the area of 38K satoshi. The representation of the prediction follows my previous statement of XRP being on track for 38K satoshi within the first week of January, as you can see in one of the updates on the...
Though I'm not fond of the possibility of this over my fibonacci retracement, it is still possible to see XRP drop below what was originally thought before hitting its higher target.
This below, is the main possibility and what I think will most likely happen, but that's just my opinion based on past...
Based on the resistance and support points I've drawn, my thoughts on NEO within the next 36-48 hours seems that it will break the resistance and continue on the track for the long term goal of $110 (0.0063 BTC), expected to hit sometime in Q1 2018.
(Disclaimer: In no way am I a professional, I am simply stating my personal thoughts and ideas on the market)