trend lines speak for themselves -
falling and contracting - pullback finishing wave 2
longer time frame shows bullish divergence between RSI lows and price lows from the beginning of wave 1 last month.
patience --- RSI is oversold on all timeframes and almost oversold on the daily
if emotion is removed - this is a higher low
up sloping support that has been respected for a while now is being tested once again. we are coming back down to the support and supply zones to recharge for another leg up hopefully.
if this support holds - our bullish divergence on the 12 hr with the swing index/ rsi / and momentum should play out nicely. fib ext put targets of 161.8 at 33cents
as of current - seems as if btc is falling making its flag a downward sloping wedge- still on top of once resistance now support.
xrp seems as though its getting exhausted of the sell side - if we take out the fakeout impulse just before the dump started - we can form a downward wedge formation as well which the apex is very near the upward sloping support line...
It’s coming boys and girls... if We manage to hold this support (rsi up to the 4 hours is ready for a leg up). Notice every time we have dipped and respected the Upward sloping support - every time we touch it the rsi is bear oversold .
I think this latest touch is another higher low for rsi in oversold- Apex is here this month.. time for .30 to break and hold
Xrp usd - if btc allows this to play out it’s looking nice. Our indicators are about to reset for another charge up. I think q4 will have some phantom announcements from xrp post swell event. Regardless if we can hold the higher low status with the wick fishing then we can break above the 30 cent mark to our target. A break of the bottom support with a...
As we can see here... swell didn’t have anything block busting so moral is lost just a tad. Put if some want to say it’s an ascending triangle or some say diamond - the ascending support line has been perfectly tapped 3 times within the last month. I’m staying positive because every time it’s touched we have had a descent rally- plus it resets all the...
Ok guys - this is gonna be short and sweet
You know how I roll in here. I dont compete with the big boys - I simply point out observations and let you decide for yourselves.
TRX got a little overheated and BTC helped her cool off a tad . Now all the signs points to the bulls returning to begin the 5th wave.
All descriptions are shows on the chart - 2 boxes...
Hello there traders - looks like my first chart post took a day or two but came to fruition! I might not be the most accurate yet but I think its equally important to start spotting signs that agree with each other to form a more formidable prediction of trend and price direction.
So I wanted to post this quick zoomed out chart of TRX and the current pullback...
So trading view consists of countless days and days of charts predicting where and when things are going to happen (isnt that the whole point?)... poop emojis, lions, devils, and glowing rings all dominating the scene on all counts.
But (listen) ... This chart, as the charts before it, is for learning. We all are trying to survive in this wild west of the new...