We can see here on h 1 day chart that the 1 day deathcross is imminent and will likely occur tomorrow or the day after at the latest. While at this point it does look like the initial cross will happen, My gut feeling based on fundamental developments and adoption in xrp, is that even if this initial cross does occur it will be short lived and proven a deathcross...
we have currently closed a couple candles above it ...and if we were to breakout of it bullishly at this level the target is just under 17k...making this pattern our penultimate bullish pattern at the moment in a pile of like 5 extremely bullish patterns with their breakouts seemingly all coalescing at once. The ultimate bullish pattern is still the weekly chart...
Looks like we will be potentially confirming a bullish breakout out of this flag very very soon... if we see a surge in bullish volume to confirm he bullish breakout target is 14070 or so.
just wanted to zoom out to show the current chessboard in its entirety and also my idea of when we may finally breakout of the bigger (for now speculative) symmetrical triangle pattern. The Adam & eve double bottom is one of the most picturesque symmetrical perfect adam and eve double bottoms I've sen in awhile...was amazing to watch the price action follow the...
impending deathcross on xrp. while also in a 1 day bear pennant that has a target of 20 cents...i anticipate this deathcross will be a fakeout and we may see a inverted bart here instead of a bear pennant....however there's also a chance it could break down and the 50ma could briefly cross under the 200ma but if so in that case it would just be capitulation and...
TA once again working is magic as the diamond bottom breakout on the 4hr chart has hit its target with 100% accuracy! Next to trigger should hopefully be the 1day charts falling wedge which should have a breakout target around 11.5k and then if we're lucky the double bottom will trigger which could take us back to 13k...those 2 patterns are still up in the air but...
No guarantee it will follow through and I'd like to see a slight bit more volume to confirm but it appears we have a 4hr chart diamond bottom breakout. If so it should reach the breakout price target I have posted here and I expect then on this current pullback for the yellow horizontal trendline at 9646 to retest as and maintain support in which case we will then...
The current battle playing out seems to be between the support of the falling wedge's top trendline(in purple) and the resistance of the double top's neckline(yellow horizontal). If we somehow were able to close the 1 day candle above this neckline that would be a good sign for the bulls. We would still need breakout confirmation from the wedge first of course,...
It appears like the 31% correction is truly over. The volume is back to bull market levels..rivaling some of the biggest daily volume candles from our last All time high. I can't help but be ridiculously bullish at he moment...let's keep in mind a fakeout can always easily happen right at the key trendline for a breakout everytime so always wise t o be prepared...
We have finally reached a 31% correction here when we dipped into the upper 9k region...odds are good the 1hr/4hr chart h&s pattern is really a decoy at this point as a 1 day chart falling wedge is starting to take shape more and more as the candles progress and is starting to seem more valid. We have also filled the highest gap on the cme futures contracts on the...
Ethereum is now confirming a breakout of a weekly chart bullflag that should take it to at least $366 but more impressive is the cup and handle pattern on he 1 day chart it seems to be triggering at the same time which has a potential breakout target of $499. Now it's true cup and handle breakouts often fall slightly short of their projected target, but there's...
Things are looking bullish again for btc but we must also keep in mind that this 1 day chart H&S pattern is still very much in play and although it's not something to be too concerned about just yet it's wise to keep a close eye on it. If we can see priceaction rise above the head we can then invalidate it but for now it's very much in play.
GBP/JPY 1D MORNING STAR AT SUPPORT GO LONG OPPOTUNITTY
there's still a chance this ascending purple line could be the bottom trendline of the rising wedge if so we will know by sunday at the latest. However current price action suggests the rising wedge is a lot longer than originally thought...long enough to carry us to 10788 before a breakdown...with an apex at the horizontal resistance line at 11694...if we were to...
We can see xrp has once again broken through the horizontal resistance at 46 cents and is now testing the neckline of the 1 day double bottom pattern. Triggering a breakout of this double bottom pattern can give us a target of 59 cents. Reaching that target should help us rise above any of the other potential top trendlines of our descending triangle pattern(...
a look at the time between each 1day 50ma bottoming out on xrpbtc 1day chart 2015-now....1st one took 238 days, next 238 days as well which formed three 50ma bottoms each not as deep as the next which resulted in the biggest breakout ever against btc.... then 286 days to the next bottom followed by 278 days and finally we are currently at 256 days and the 50ma is...