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M shaped pattern formed after the golden cross of the 50 and the 200. expecting price to go down from here.
Hello all ripple holders, Did you see the rise in the market yesterday, it was due to the base currency listing in Coinfield ( Canadian exchange). Lets not forget that Brad said at least 1 bank will use x rapid by this end of year and a dozen by 2019. stating this publicly is no joke, all it takes time.
I have shown my analysis in the chart, kindly have a look. ...
We have the London open and possibly see a downtrend from now on. Going to wait till NY open. We have this M shaped pattern broken yesterday and it tried to retest. We have a strong bearish EMA 50 and 200 showing a nice trend down.
1) Price hitting the 200ema acting as strong resistance, look left structure is there, acting as another resistance, got rejected off the the structure and this is where a bearish bat pattern came into sight. I think after a strong bull run last week we are going to move down a bit or consolidate before the huge bull happens.
2) If we look below we see a W ...
We have a lower low followed with a bearish crossover of the ema!
We have a clear EMA cross of 50 and 200 followed by Lower lows and lower highs! we still have a downtrend.
We have completed a bullish Bat pattern on structure support, WE have another bearish Bat pattern formation, I think this Small bullish bat will help to form the bearish Bat pattern.
Okay as per TA, I have circled with blue color, Circled ones are Support zones these zones represents potential demand area. These demand area and support zones are the same, but in specific, Demand zones happen when we see a strong rally from there and that is exactly what happened from the first blue circle, 2nd blue one is not that strong but considered as a ...
In my opinion currently we are the wave 2. Wave 2 has always the sharp correction as this market proved itself that it shows characteristics like the wave 2. we have sub waves 1 to 5 within the large wave 1 that confirms the large wave 1 too. Wave 2 shows a nice A B C formation, we are the C of ABC the final wave of the correction. Wave 2 -Second waves tend to ...
7 days cycle of XRP seems legit far! it seems that it says numb ( correction) for 7 days till it surges up!
I think many of you have noticed this so far, this is an interesting thing. Please keep this in your head! further changes can be applied but this seems legit so far.
Currently its in a consolidation mode! If this contracting triangle breaks will sure see a rise to 1$ +
False move up in NY session! looking a nice wave down now! probably! will be happy with 10pips.
Going long after the False move in the beginning of NY session!, Bouncing off the Ema's, Trend line Support! Lets see what happens!
Going long for 10pips!
Bouncing off the ema after the false move in NY! Markets up with waves, Lets see
Going short in GA for about 15 pips, Looking for a trend in south direction
Reasons fo trading this
1) Ema 50 bounce
2) Evening Star pattern
3) False move up
Going long after a false move in NY session, Lets see whether we can take 10pips or so
After the false move in NY Session, I am looking for a Pullback within the first 6 or 7 candles in NY session, Here we have that and also a morning star pattern to confirm the move, It may go up from now, Will be happy if I can take 10 pips from here.
We have a bat running on here in EU. Expecting a bullish move.