Will it break this downtrend or rejection? it all depends on bitcoin.
This could playout just waiting for a better entry. This is wrong if we break below this support.
Keep an eye on it because it could breakup soon. Personally, I would prefer to long it more than shorting it.
It looks like a falling wedge, which is bullish. At a strong support as well.
still looking bullish IMO. As long as we stay above April highs, it will be wave 4 and wave 5 is missing. However, wave 3 could be still not done and goes higher if we do not test April highs Do not forget if we break this support, it will be a deviation, and it will retest last Monday highs.
this chart is so complicated to explain but will try my best. Yellow line is a strong resistance. If break above then will go long for my first target. if we break this uptrend, will short and be carful as Monday high will act as a support, so if we break it, it will be a deviation, and play it down to the yearly open highs.
Personally, would not go long at the moment as this could be a retest of the uptrend (red slope) at 104 nor short till I see a clear break below the yearly open, and then it will be a clear deviation.
We are making higher low and lower low, and hidden bearish divergence. We might have a correction soon.
It looks like a rising wedge, which is bearish. All I want to see a breakout and retest.
Symmetrical triangle, which could break to the upside or downside. Just be patient and wait for a breakout and retest either sides
Descending triangle is usually a bearish triangle. But what am gonna do is just wait for a clear breakout either way with a full body candle of the triangle whether its up or down and ride it.
it will retest last Monday Low IMO. risk to reward 2:1
M shape confirmed, and expecting 10% down from its current value.
Symmetrical triangle could breakout to the upside or downside. However, if the symmetrical triangle is shaped after a downtrend usually it breaks down.
XRP looks bullish broke the symmetrical triangle and retest it. As long as we are above this triangle its bullish and keep my long. Target: 1.13 that's 35% up from 0.82 Stop loss: 10% below entry position.
The coming two months will be either the best bull run or the most disappointing alt season.
This is where TA comes and helps you to lower and manage your risk. Best you can do is just wait for a confirmation by a breakout and retest either ways. If you have a good entry at lower price, I would keep my long position open till we have a clear breakout of the symmetrical triangle. But if you already exited your position just wait as I said previously.
I would wait for a clear breakout of this one. I wanna see a breakout with a retest of the symmetrical triangle to go long. This is the bigger pic, and it will take a time to playout. It all depends on $BTC