Looking at fractals on XRP. IF the fractals play out, expect a pump with in the next 10 days to around 1050sats. If this occurs, it may suggest confirmation of fractals playing out, and therefore, the next move would be to short XRP at around 1050sats. This short would be a longish term position, with a slow bleed playing out. If this move plays out, then I expect...
RIPPLE/BITCOIN is in a range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 44.
*The price is in a range bound, but we forecast the uptrend would begin.
*Price is in the support zone (0.00009 to 0.00006), traders can set orders based on...
Ripple (ETH pairing) has found strong support (green line) and is currently consolidating along it to finish wave 2.
Wave 3 will begin once top of resistance line (triangle) is broken.
Remember... "Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5" ;).
Remember to update stops at each fib level.
1/ Trendline and RSI resistance being broken
2/ 0.382 fib acting as a bounce
3/ Wavetrend and MACD turning up
4/ T.D. sequential started a new bullish sequence
5/ Flat kumo and kijun = magnet
Needs volume to confirm
Looks like a very small cup and handle is forming from the rapid price rise on news we had yesterday.
The support line is not as clear, but this is probably because of the massive volume that we saw.
The market is probably testing the price and if we break past 0.0156 we should be in the clear for a good increase.
As soon as the volume comes back up we should see...
Just zooming in here for a 1hour candle view to acompany my previous 4H chart.
We can see the pressure is on for a break out in a direction. Mixed feelings on direction from just this chart but I would lean on Long due to my other chart.
However we should wait for a volume spike to show the direction. Remeber wait for the candle to close.