Long term buy setup
After completion of the Bullish Bat Pattern formation BINANCE:EOSBTC started moving up making higher lows forming an ascending triangle.
Expecting a breakout to the upside from the triangle and for the targets to be reached.
After an Bullish RSI Divergence #TRX tested 375 resistance.
Now after a retracement it's testing it again. We need a big break and daily candle close above 375 level if we want to reach the 435 level.
After breaking the 1500 resistance price tested the 1660 resistance and has retraced to 0.618 fib level Fib level has been holding and a descending triangle has formed (4H Chart)
30 min Chart showing bullish rsi divergence We could see a potential breakout.
We could see BTC test the trendline and then finally break $6,600 to start a bull run.
If it breaks below we could see BTC head to the $6,200 level.
IMO BTC will hold at $6,200 if it gets there.
And from there start making it's way up to new highs.
XRP is in oversold conditions. Reaching 7K support wich is also 0.618 retracement level from 17 Sept Low to 21 Sept High
If current level holds i see XRP make another rally.
Will be looking for buy opportunity at the 7k level on lower time frames.
Icon is making higher lows thanks to a supporting trendline.
1075 resistance has been tested several times. How much longer will it hold?
ICX is setting up for a potential breakout to the 1150 resistance.
There's a Hidden RSI Bearish Divergence on the Daily Chart indicating a possible downtrend continuation.
A break below and daily candle close below the trendline and we may see price go as low as ~1.21700 ( Previous Low of March)
Short Entry: At close of Daily Candle below trendline
TP 1: 1.27000
TP 2: 1.21700
This is longterm trade....
XRP has fallen back in an area where it previously consolidated between 7850 and 8200.
We could expect some consolidation price action again before another impulsive move.
Will have to wait and see how it develops.
After a $192 to $250 price movement. Price had 78.6% retracement and has then formed a Hidden Bullish RSI Divergence.
Price started moving up and consolidating forming an ascending channel.
Further consolidation could be expected before breaking out of the channel.
RSI bearish divergence on 1H Chart XRP BTX
Price is testing previous broken structure and trendline at 0.50 fib level
If price close below the trendline we could see price drop back to 8200 level
Wait for the 1H to close below the trendline to enter short position.
After some consolidating price action for two days. Price has finally broken out of the consolidation zone and price went to the 9K resistance and was rejected
Since then it has retraced to the 0.618 fib level and has been holding.
We can expect a retest of the 9K resistance
Breaking the resistance is not out of the question
Go long @...
Here goes my first.
After reaching $6,750 resistance level the RSI formed a Bearish divergence indicating a possible drop in price.
Price dropped and a small pullback i saw the opportunity to sell using Tom Demark trendlines .
Connected the recent swing low to the last swing low and waited for price to close below the trendline to project the...