Head and shoulder is complete now we just need to wait for confirmation. It should happen over the coming 2 days otherwise the pattern is invalid.
Naturally there is a bigger resistance at 10k but I believe that can be broken and we will have a retracement back to fib 0.618, $7200 area.
We have now seen a sharp move in the direction which indicates a correct or change in direction.
After a yearly high at 9100 we have seen a decline to 7600. This change of direction we saw the 30th of May which also turned out to be a possible head of a big head and shoulder formation. This is yet to be confirmed however there are several things that indicate...
We already seen the beginning of a correction. However I believe we will go lower. The MACD is showing divergences. Price is making higher lows but that is not reflected on the MACD.
First stop will be the smaller trendline and if that doesn't hold up the next level would be around 0.618. Lets see where we go from there.
After a long time with more or less sideways movement on XRPUSD, I have spotted a possible buy setup for XRP.
In general I believe that XRP is going to go up and retest the recent high at $0.80. Therefore I am also on the lookout for buys.
The MACD has flatlined even though the price has continued to move down. That is a good sign of reversal in the coming...
So if you missed the up move a few days ago then don't worry. Right now there is a flag forming or a correction if you will. Once it breaks out of this flag formation then there will be more profit to be made.
I expect it to break the top of late 2019, so there should at least be around 15% profit to be made from now on.
Since the end of December we have had a big corrective structure which is almost coming to an end.
Currently we see a small flag on the H4 to the downside but it is not really tradable because the upside is just around the corner.
We will see a turning point around the 3300 area if not before. This will give us at least 12% in gains but maybe even up to 25% in...