What Halving means?
Halving is a term common among cryptocurrency miners – the process sees the reduction of mining rewards of cryptocurrencies slashed by 50%.
The halving is the event, the moment when the mining reward is divided by 2, is commonly called "halving". Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the...
looks to me like ada is close to completing a Flat correction.
if we assume that its completed 5 waves up on the higher degree, then we have a conservative count that at least would give us an ABC for the X before the next leg down.
the bullish outlook would have the flat complete the 4th and begin a new impulse for the 5th, but i'm not betting on that count...
On the trading instrument XRP / USD. The tool is liquid, predictable and with a high percentage of earnings .
There is a breakthrough in a very important resistance zone . May be a fracture of the main trend.
Also depicted in advance important areas, if the price can not gain a foothold above resistance.
The coin is now located at an important zone - the...
here another setup now both interesting either one but this is why we wait and stay patience wait for the right time or wait for the market to confirm the next trend especially at a key zone in price stay open
My outlook on the weekly XRP/USD chart - looks like a head and shoulders pattern forming at a key level and the 61.8 level.
Looking for rejections around the $0.24 level for a push higher.
Keep in mind this is a WEEKLY chart.
So News came out..
$45 Million in Bitcoin and BCH Swiped
According to the “Chinese whale,” as cryptocurrency commentator and investor Dovey Wan branded them, it was a SIM swap. (Importantly, these claims cannot be verified, with many questioning why someone would store such a large sum of Bitcoin and BCH on a platform that can be accessed through one...
If the weekly demand indicated holds, we can see this pair reach the previous highs as a minimum. We could also expect a break for a higher timeframe higher high to be printed.
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Next supply zone should be more significant as it is a daily supply nested within a weekly supply zone.
Expecting this pair to continue the higher time trend.
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