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Hi Traders, Hope you are all well. This is My current view of XRP/USD
- I belive we have Made a clear impulse to the upside from $0.25 - $0.80
- Followed by an ABC Corrective Wave and we are ready for upside (I also follow the fundamentals and partnerships of Ripple the company and their actual product is now live XRAPID)
- Also we are now on the way to ...
This an analysis of the last 25 days, the key support levels are the red lines.
The point of the vertical white line is the 1.618 price and time zone of the next wave. If this is another corrective wave we can expect that area to be the top. If this is an impulse (subwaves of a larger wave 1) then we will still have a pull back (subwave 4) before going past the potential 'C' point. I'm afraid that until this 7900 region is tested it's quite ...
Minor error. Just Discovered reverse Williams Fractal was not so because one of the arrows had been concealed behind one of the yellow triangles marking times when I had published a post. I have therefore removed the second blue coloured Fractal pattern, including the finger that was pointing upwards and the question mark. Market is seeing both Fib support and ...
NEO high level pattern. This material is for educational purposes only
VEN has just completed an ABC correction and bounced off its 55d EMA. In the past this has signaled upside so I'm taking a long here.
You can't keep a good crypto down. A good entry on this trade would be around 95 cents on the breakout, with a six week target of $4.00. Or just hold.
Look closely at BTC/USD on the daily chart and you'll see Bitcoin seems to have entered a downtrend channel. If it keeps going like this, I would say the next price target would be around $11,500/$11,000, although don't count me on this. I have family/friends with BTC holdings so despite being personally against it, this analysis is nowhere near biased. Please do ...