CryptoKujira

CryptoKujira

Hi ladies and gents. Here's a look at XRP for today. Looks like we've got a falling wedge pattern forming on XRP. This is a continuation pattern. You'll notice this falling wedge pattern follows a steep rise in price on Dec 18 which gives us our pole. You can see the upper trend line (red/resistance) and lower trend line (green/support) are converging to form...

CryptoKujira

We continue to have sideways movement between well established lines of support and resistance. The line of support has been tested 8 times. However, movement downward is running out of steam as evident by the last dip that was unable to reach our support line. So it's no surprise the price is now flirting with a breakthrough of our line of resistance. If this...

CryptoKujira

Falling wedge forming on Stellar Lumens. A falling wedge is a reversal pattern and we should watch closely to see if the price can break through the upper trend line of resistance (red). If the price breaks through near point B, then we take our Fibonacci retracement between EA (highest to lowest). If the price breaks through nearer to point D, after another...

CryptoKujira

BATETH on Binance, 30m After breaking upward near the tip of a descending triangle, we've locked into a consolidation phase with movement going sideways. Remember we must have at least two touches to form a line of resistance or support. Support We've got a solid support line (Green) with six touches, so if it finally does break through downward, I expect...

CryptoKujira

BATETH on Binance, 30m After yesterday's retracement to Fibonacci level 0.786 ( Elliot Wave ABC ), we have a bearish pattern emerging with the formation of a descending triangle (red shaded area). The intriguing parts are the well defined lines of support and resistance for this continuation (sideways) movement. We have two nearly identical highs which form...

CryptoKujira

BATETH on Binance, 30m 1. Support trend line 2. Resistance trend line 3. RSI indicating oversold 4. Inverted hammer candlestick formation signaling possible reversal 5. Confirmation candlestick following inverted hammer to confirm trend change 6. Fibonacci levels to identify potential sell point to take profit Watching the charts this morning for an early...