Good Morning Traders, I've outlined a speculative take on price action moving forward. The daily and monthly indicators are going to move bullish soon so this will either play out soon OR may play out after we break to .19 and retrace back down (several days) but i'm leaning toward now, it's too soon to tell but, if "every gap" does indeed get filled you should...
In the chart we can see bear divergence on the RSI. We also have significant resistance at the December lows of .175 with two rejections at the top of the bear flag I discussed yesterday, all this while also experiencing declining volume looks pretty bearish to me. The more times it butt's into the .175 resistance the weaker the resistance becomes so it's...
RSI is Overbought on the 1h and was rejected at the top of the channel, I'm sitting tight right now but would turn bullish if the top of the channel is violated and holds as support. This is not trading advice, trade at your own risk.
XRP has reached the top of the flag and rejected off resistance and is currently overbought on the RSI, I expect it to fall to the bottom of bear flag where it should break resistance, retest the flag and drop to double tap the previous low. Will it go further? Time will tell. Obviously it would invalidate my short call should it break .16 AND HOLD on high...
Hello everybody! -On a 4-hour time frame, we can see that the price is moving within the descending channel and we can see that the price is approaching near the resistance line of a descending channel. -We can expect a breakout or rejection and then bearish movement! -The price is not much volatile so we have a controlled movement. -WHAT DO YOU THINK ABOUT...
GOOD DAY TRADERS. First off please do me huge favor and run up Sharing Profit on Youtube.com and show some love! @ www.youtube.com ... a LOT more educational videos will be uploaded real soon. Now this is a slightly more unorthodox setup for us. We've seen the volatility index this week, we know that our Total index is still pushing lower to test our next...
GOOD DAY TRADERS. First off please do me huge favor and run up Sharing Profit on Youtube.com and show some love! @ www.youtube.com ... a LOT more educational videos will be uploaded real soon. RECAP: Now this is a slightly more unorthodox setup for us. We've seen the volatility index this week, we know that our Total index is still pushing lower to test our...
I think so. Look at my longterm LOGchart. It has hit the bottomline like back in 2016/2017. Might hit that line again, but from there --> perhaps moon!
Hello everybody, I want to share this with you! -On a 4-hour time frame, we can see that the price was moving in a strong bearish direction and now the price is forming a descending triangle pattern. -The descending triangle is a sign that the price will very likely continue falling in a bearish direction. -We can see on lower time frames such as 1-hour time...
Please message me with any questions tips or suggestions! -CO
Hello everyone! -On a 4-hour time frame, we can see that the price tested multiple times support area(yellow area) and then the price started moving in a bullish direction. -Now we can see that the price is near the yellow resistance line and we can see that the price tested that line and then rejected. -We have few options to happen, first, one the price may...
Please message me with any questions tips or suggestions! -CO
Hello everybody! -On the 4-hour chart, we can see that the price continued i bearish direction. -Now we can see that the price rejected the "support area" and the price closed with a bearish candle with a long lower wick(on 1-hour chart). -We can also see that the price is moving in a small descending channel(on the 1-hour chart is even better visible). -WHAT DO...
Hello everybody, I want to share this with you! -On a 4-hour time frame, we can see that the price formed a solid head and shoulders pattern, head and shoulders pattern is very solid confirmation to take a short position(sell). -On a lower time frame such as a 1-hour time frame, we can see that the price tested multiple times neckline(blue line) and then rejected...
XRP/USD looks like it has broken out of the longterm triangle. It went out out and found support on the upper trendline afterwards. This is a very positive sign. But don't jump the gun too soon! It has to stay above the upper green trendline.. the longer it stays above it, the more likely it is that we will see strong moves. This is a longterm view. Follow me...