zzavada

zzavada

Whats up everyone, Wanted to share my set up from the last few days and show what I have been watching and what made me think we were going down. -So first off you can see that starting on the 8th I have laid out a giant bear flag. I found this on the 4hr time frame and it has been holding fairly true with smaller bear flags popping up on the lower times frames...

zzavada

Currently seeing what looks like an inverse H&S finishing up on Dash. The neckline seems to be an important area in the past for being both resistance and support. If we break through there could be some good upside potential. *

zzavada

Coinbase announces they never said they are adding XRP which hopefully everyone knew since they did not say it to begin with. Lets see if this support holds. Stopped right at the .382 extension and the top side of the last consolidation.

zzavada Updated 

First significant rise since the last ATH high. This is the beginning phases of what could potentially become a large consolidation triangle. XRP has loved these. For now I have placed a buy @ $1.85

zzavada Updated 

For the past two runs of ~70-100% gains, XRP has consolidated heavily on the 2hr chart as well as form a fairly consistent daily bull flag. These last couple days have seen us form a strict flag down from a last huge run up with the exception of the extremely long tails on the candles of the first 2 days... Which to me can be discarded from the huge drop in BTC...

zzavada Updated 

Originally charted a much tighter consolidation... however if i move the trend line on the top and bottom up/down a little to be a bit more forgiving even with this crash we are inside of it. Potential for staying in line even with a crash is huge...

zzavada

So as you can see in this chart I have originally charted a wedge that I believed that Ripple would consoldate inside of and then sky rocket. Today would have made this invalid under normal circumstances/TA. However I have a few reasons why I think we can extend this and almost wipe away the action that has happened in the last day and the drop we expierenced. ...

zzavada

Not sure this will end up happening. I am not in on this one as I do believe it will godown. However, this could possibly break up hard. If it does I'm expecting some pretty choppy moves.

zzavada

We have been watching XRP for quite some time and it finally broke out BIG. Now that we have rode up to .7 we are looking for a cool enough period to regain some steam and then re-enter near the bottom or the channel. Happy Trading.