Some nice confluences lining up if we reject $.60 - $0.70. Another dump during SEC uncertainty whilst BTC stays pumping is a perfect way to distract everyone from the huge opportunity we have with XRP. April is a great time for a flip the switch / great reset moment when us in the UK, the worlds financial hub, start a new tax year. After then we may finally see...
This shows the 2 scenarios I see playing out this month. I think we fill in the wick towards $0.66 either way, but once we see that we could either: 1. Continue higher breaking $0.80 and moving towards $0.95 - $1 If we see a high timeframe candle closes above the wicks at $0.77 - $0.78 2. Once we retrace back to $0.60, we slowdown again enticing more noobs...
After the last bullish move upwards called using a fibonacci last time, I think we are about to see the next one by this week. Should this 78.6 hold, we should either see XRP rise and take in more $$, or BTC fall and lose dominance.
Now hovering at the 50% retracement, not highlighted on the previous charts. Should this wedge breakout upwards, we will easily see $0.50 today / tomorrow.
This fib has played out almost perfectly, on here and the dominance chart too. if we drop down to the daily timeframe we can see it abiding by the retracements a lot better. Should be an interesting few weeks!
Just using another fib like last time, should the 78.6 hold over the weekend we should be in for another move upwards.
Looking for another entry following my previous bias, expecting 142.500 to come through after this data comes out. If this does not come through we may have a chance to execute below 142.850 should we see a solid close near to the NY open.
Which way do we think it will go? The weekly fib used to call the move up to $0.75 on Monday is still valid and we are now consolidating on the 61.8. A breakout of this triangle lower could see one more tap of the 78.6 at $0.25. The upside potential is less likely in my opinion but a solid break upwards would take us back to $0.45 - $0.50. I don't think...
Expecting 142.5 to be retested, 2nd attempt at this trade.
Bit of fibception going on, expecting a push higher towards $2000 again
This shows the % of the market XRP has, in alignment with my fibonacci set up on the normal chart, this one shows the same thing. We have retraced to the 78.6 and already moved from this zone, a move higher would be a perfect bait and switch whilst people FOMO into other alts like Dogecoin.
Just comparing this to my last chart We have a double top wick on both patterns where there after the 61.8 retracement held up gearing up towards to the bullish move to $0.60+ I am expecting to see the same again coming in a similar timeframe.
With the zone mentioned on the chart being from the weekly timeframe, it is likely that we will see a push towards this now $0.26 has broken. The wick on the 22nd to $0.24 was also a sign that this move is likely to happen. This would close the Monthly candle as a doji which is a good sign next month should be bullish.
I have revised this wedge / triangle to suit the 12H timeframe which includes a solid fibonacci retracement. The price action did not abide by the previous post so amending it to suit the most recent high and lows makes more sense. If we zoom into the 4H we can see the 61.8 being respected and now the 78.6 being tapped to a T Should this hold and we see a solid...
As per my previous chart we have a solid retracement and 3rd trendline tap should we see a close and bullish move going into tomorrow. We are also within our Weekly 61.8 & 78, a weekly close above the 61.8 on the 24th would be a great signal for us to continue upwards. A close above the wick on the 4th would be great
Following the previous Weekly chart, we have a triangle pattern forming between the Weekly retracements. Along with the things mentioned in that post, this is another confluence adding to a bullish move happening by the end of the Month / beginning of Feb. Come back next week!
Currently we are between the 61.8 and 78.6 retracements following the big move in November The grey arrow shows that we had a Lower High formed, just barely, from the 22 June low - followed by a bullish engulfing. And since then we have had a Weekly wick to the 78.6 again and close above. A solid Weekly close above the $0.366 and we are away. Coincidently,...