f-73

f-73 Updated 

The triangle above long term ( 2017 ) support is about to close. Why going Long ? There's nothing confirming it on the chart: it's a bet. A risky one. Basically i think the Foundation wouldn't allow a strong support breakdown and a sub 0,20$ XRP price. So i'd watch out for an organised pump within the next couple weeks. Otherwise things may turn really bad ...

f-73 Updated 

Bears may push price down to 3250-3300$ ( key support area ) or even into low 2000$. Yet as long as that falling wedge holds bulls will finally have the upper hand. So it's a Long already ? Not yet, but maybe it's not that far. It's *about time* to stop caring about the bottom and to start *patiently building* a Long medium term position. Use dips to your own advantage.

f-73 Updated 

Seemingly a diamond bottom. Bullish bias as long as price breaks up pattern on volume. We had an unconfirmed falling wedge ( breakout on no volume ). We still have a slight bullish divergence on RSI, unconfirmed on MACD. Watch for the breakout, BUT remember to look for confirmation in volume. Mind the support ( blue ) and resistance ( red ).

f-73 Updated 

See the patterns shown on chart. Currently awaiting confirmation of a bearish flag OR a formation of a diamond bottom. The latter is mere hypothesis, hinted by what could be its left side.

f-73 Updated 

We have a big and almost symmetric triangle on candlestick chart, which is further confirmed by RSI. All you need to do is to sit and wait for breakout of both.

f-73 Updated 

Accumulating on dips and / or buying a breakout may be a long term winning strategy. Just keep in mind that this falling wedge may technically allow a price < 40$, even if that's not much likely. So don't be too eager. If you wish to accumulate do it by buying small lots.

f-73 Updated 

* Weekly RSI about to close under 30, first time since 2015 bottom. * Remarkable bullish divergence. * Price sitting on top of weekly MM200, failing to close under it within the last 2 days. * Falling wedge. * Chance of a ( rather ugly ) Morning Star sitting upon MM200 -IF- today ( Dec. 16th) close will be over about 3250$. Scenario is suitable for a reversal,...

f-73 Updated 

Falling wedge, wait and watch for breakout. It may still go a bit down short term, but it's then likely to break up. Looking good longer term. -- As per request.

f-73 Updated 

Like a child's drawing. We'll see.

f-73 Updated 

Attractive Long trade from here in terms of risk / reward. Falling wedge, oversold, massive divergence. Do your own diligence, take care.

f-73 Updated 

Price is sliding on long term support ( previous resistance ) encompassing ATH and August LH. It may paint a broadening descending wedge between ( red ) "short term resistance" and descending support. If so a low may sit anywere between here and 5700$ (circa), as long some bullish reaction comes within 2-4 days. The macro picture on OBV is quite interesting...

f-73 Updated 

Bearish flag may hint right H&S shoulder. Minor bullish flag/pennant got invalidated. Price close to Daily upper BB. Stoch RSI overbought. Play safe.

f-73 Updated 

Careful here. Unless that big (red) pennant gets negated things will turn bad. Watch out for a break down.

f-73 Updated 

Uncomfortable place for a bearish flag. Moreover MACD is ugly and lower BB not too far. RSI on its own support ( channel ). Only Stoch RSI looks "healthy". Lately each and every pattern was respected: falling wedge, bullish flag, rising wedge, descending triangle. Now it's time to either confirm or negate this flag ... I'd suggest caution here.

f-73 Updated 

Well expected correction from the tough SMA200/D resistance to SMA100/D support. So far price has found some support onto 0.618 FIB of the last upswing. Falling wedge and possibily a ( quite stretched ) "interim" bullish flag. Price needs to promptly react from here and to move towards and above 7800$ area in order to look for a Cup & Handle. Daily close (...

f-73 Updated 

Chart looks bad, a pullback is needed. Look for FIB 0.382 or 0.5.

f-73 Updated 

Which is encouraging. Yet worth keeping an eye on weekly OBV, triangle tightening means a big move is approaching:

f-73 Updated 

One month later price action still pretty similar. 20 days from break-up to resistance ( dashed line ), both in 2013 and 2018. RSI 51,9 should hold in order to further corroborate similarity.