XRP is currently stuck in a descending channel that seems to be supported by the long term triangle top (blue lines). It is also testing support at the .33 cent level. The 50MA is acting as resistance as well, breaking through that could lead to more upside action.
This chart shows the 2018 long term descending triangle (in the blue lines) which XRP has come up against so far and crushed into like a brick wall. Still following the top line, excited to see where it goes next.
DASH is in another downward channel almost the same as ETH. Just publishing to have a record of my TA to see how it turns out.
ETH has been stuck in a downward channel since November 6th. The movement will be restricted by the recent cycle's R/S which should come to a head in the converging triangle on November 23rd. The 50MA is well above the 200MA on the 4HR chart.
The 50MA is well above the 200MA on the 2HR chart and still moving within the ascending channel in this converging triangle. There was an attempt to break through the .53 resistance but was rejected. There's also an upside cross on the Intelligent Moving Average so we may see another attempt to break through the resistance again very soon. Should be no later than...
So the next peak in this converging triangle is 11th November, currently it is firmly within the ascending channel and there's resistance at the .53 mark, but if it manages to blast through that, then the .57 is pretty stiff resistance there too. If it drops off, there's support at the .48 and .45 levels. We've also just had an upside cross using the new...
My last prediction of a surge for XRP on September 21st was pretty spot on if you check out my last post and load the new bars. Since then, the 50MA has been support and is creating another converging triangle that should see some action on October 5th. If it falls below the 50MA support, it should bounce back from the longer term support around the .47c mark and...
In my earlier post about the price being supported by the 50MA, I said that if it fell through that, the price would bounce back up to the longer term support around 45c-47c, and as you can see, that's pretty much exactly how it's unfolded. It's all coming to the tip of the converging triangle now which peaks November 8th as I predicted in my earlier post. Will...
XRP currently moving within the converging triangle which peaks on Oct 22nd. Hard to say which way it will go but the sentiment seems positive and XRP making moves with adding another user of XRapid. There are 2 levels of resistance ahead if it decides to move up.
There's a converging triangle forming with BTC's latest cycle which should peak on October 8th. There was a H&S pattern that seems to have not completed so what was going to be a downside may have been reversed?
There should be some action with XRP within the next 24 hours. Most likely some upside action to coincide with the Swell event? Already broken through the orange resistance line and well supported by the 50MA.
There's been a converging triangle forming with EOS/USD for a while now. It should reach its peak around October 15th, though there's pretty stiff resistance around the $6.8 and $9.1 mark.
There's been a converging triangle forming with EOS/USD for a while now. It should reach its peak around October 15th, though there's pretty stiff resistance at the $9 mark.
XRP has been stuck in a downward channel since May. Will we see some a surge or a drop off when it reaches the triangle peak Sep 21st?
Might be taking off? This is my first analysis, critiques welcome!