If we close above the last 4H candles high I will enter buys towards $67K- $68K.
The 12H is incredibly bullish though the last one closed with no wick, if this 4H & 12H closes as above then that's another confirmation for short term buys.
I will hedge a short at $67,500 to go with the HTF bias of a reversal.
This pair isn't as clear as the last 2 but if a drop was to start from the levels BTC & ETH are at this is where XRP should follow suit.
A retest of the smaller fibonacci's 78.6% retracement around $1.29 - 30 would be where I will take another sell position.
Any closes above $1.30 - $1.41 we can likely see $1.70 again.
Anything above $1.70 we can easily and...
Similar to ETH, a weekly close under the last ATH would be bearish.
Lots of room below across all cryptos that have gone up 100s of %.
If you haven't taken anything off the table this may be wise to do so.
A close under $4614 will be bearish for this pair on the HTF.
Big reversal signal if we close as a bearish doji like now.
A top wick before breaking the low of this current weekly candle.
The previous weekly candle closed below the ATH and now this is looking like a liquidity grab before a move lower.
A weekly close above the previous ATH would be bullish.
Last time we were at these levels we had a head and shoulder.
Expecting this weekly candle to close below this range.
This is where a lot of selling pressure is, above the ATH is obviously free game but for now we have resistance here.
Update on the downside bias for crypto in general, currently tapping into a bearish trendline.
Also a potential fibonacci in play with the 78.6% retracement lining up with the resistance.
Rejection at resistance would also create a head and shoulder formation, for another confluence.
Eyes on XRP rn, dont think we will break above the $1.30 region for now but...