Following our last analysis on Bitcoin, we were expecting price to continue to drop from the 38K level. We are still very much bearish on BTC until atleast 30K where we will check to see how price reacts.
Currently looking for bear flags to take this down further!
From the chart we can see various phases for Bitcoin. In technical analysis, we have various patterns for various phases of the market.
Impulse - large bodied candles signifying strong move in the market
Ascending/Descending corrections - happens at the end of a trend indicating a reversal is near
Flags & Pennants - a trend continuation pattern
We can see that...
XRP AND THE WHOLE CRYPTO MARKET HAS HAD A SUDDEN FALL IN PRICE. I BELIEVE PRICE ACTION IS NOW GOING TO START TO MOVE BULLISH. IF THE DAILY CLOSES AS A DOJI WE SHOULD SEE BULLISHNESS IN THE NY SESSION TOMORROW.
Here's my XRP analysis, if we see a breakout from the wedge, this is what I see happening. This price action all depends on bitcoin. The main factor we need to consider is if we break that $1.95 area we will see $2.00+, however, if we reject that are that could potentially be the high and we can start looking for shorts.
XPR on the 8HR time frame has had candles close bellow the "Ascending lower trend line" breaking this symmetrical triangle. If the price falls and closes bellow the pivot level of $0.88 then it will start forming lower lows instead of higher high's pattern previously.
$0.82 is a crucial key level of support when zooming out & viewing other larger time frames. We...
Crypto's been very weak past few weeks and XRP even with the positives from the SEC cases hasn't boosted price much.
Break of the triangle structure should help and clear that short term bearish 61.8% should push to 1.30 short term.
XRP DAILY CHART
Again we can see resistance being respected at 1.05759
and we could be seeing an igniting candle appearing for a bullish
move as XRP wins another case.
Also showing signs on a bullish play coming into effect.
if I'm correct, I believe SKL will need a few days to get back to 0.60 - 0.70
we will probably see some up and downs over the next days.
lets hope some whales can see the opportunity and help us out!
the market supply is so low for SKL... how I wish to see half of #XRP market cap down here...
Following our last XRP analysis, price pushed up 62%! As with all big moves, price needs to correct to pick up more orders. We are currently what looks to be a bull flag indicating that we are getting ready for a move higher.
We will be waiting for a break out of the bull flag. It is also possible that price could retest the bottom again to give us a double...
#XRP USDT 4H CHART ANALYSIS...
Xrp Tested Previous All Time High Once. Which One Now Playing As A Support. Now It Could Visit This Support Zone 2nd Time. I'm Expecting Another Downwards Move For Xrp. Where It Will Complete Double Bottom Pattern.
We Have 2 Types Of Entry Opportunity For XRP.
1, Buy Near At Support Zone.
2, Buy After Breakout Resistence.
XRP 4H CHART
As we can see following the trend of BTC
The downtrend channel has widened
which means sellers are in play
Looks like we are about to break 0.87444
MACD also showing strong signs of shorting the market.
Trade safe on this - remember trend is our friend!