This is how I see it, not financial advice
so we are in the midst of a flash crash and recovery with a wick testing the lower trend line that I have been tracking for a long time and a round number support zone. The dip was bought back quickly with price action retreating back into the symmetric triangle discussed in the last post. To me, this looks like a...
This is how I see it. Not financial advice.
So XRP has set up a symmetric pennant that conveniently lies between 2 major price milestones. Measured moves from a break (up or down) take us to these levels, and it is really hard to tell in the near term how this may go. I am not trading this pattern. Both scenarios look plausible, and the triangle hasn't been...
So I was messing around with fibs, fractals and wave counts today and ended up here for the weekly chart.
1) yellow lines are the fib retracements of the entire bear market from the all time high.
2) purple lines are the fib retracements of the crash following the SEC lawsuit news.
(note that the all time high coincides with the full purple...
Hello traders, this is an update from the previous idea linked below. (same chart and lines, just some time has passed. Zoom out to see the macro-analysis).
XRP had a good weekend as it broke the years-long symmetric triangle consolidation with a strong bullish candle. It continues to be strongly bullish today and I will consider the breakout confirmed if we...
This is how I view the state of XRP. There are three structural elements that are pointing in the same direction.
1) We have been in a multi-year symmetric triangle that has now completed and is ready to breakout.
critical resistance: $0.62, and a conservative measured move from the triangle break gives a price target of $11.44
2) The fib...
hello traders, this is how I see it
It looks like GRT is starting to select the bearish scenario from the previous post. The diagonal support broke. We went back for a retest and were rejected. I have my buy targets on the chart if it plays out as an A B C correction.
Highly speculative, but GRT looks like it is starting a 12345. Bullish scenario follows the lines on the chart. Short term bearish scenario: the diagonal support breaks and we retest lower. Interesting times.