zilliqa could be set up for support and a breakout long time support holding for now down trend line can be broken very soon
long term support broken, recaptured, and being tested conditions for channel break out exist macd histogram in positive territory with a bullish crossover room for movement
the deck looks stacked against xrp there are so many resistance points to break through - 50 week MA - declining tops - fib levels xrp looks so bearish that it could actually be bullish! xrp has been here before
important resistance .50 important support .30 this range can be the deciding factor before up/down continuation
as before long ago in 2017 xrp is riding the top of the trend line with the trend line and the base line as possible support/accumulation zones one day in the future xrp may be pushed higher when the buyer/seller ratio favors the bulls as long as he base line and the trend line hold, there is still opportunity
we may have seen the bottom for link capitulation arc to support at $5.00 will the buying volume be enough? back up level for link is $1.48 watching this for entry
going green on the MACD histogram inside a trading range could be a sign of a strengthening
a pattern similar to the 2015 bottom has emerged when viewed through the lense of the 100w/18w MA pair and the MACD histograms a similar pattern emerges higher lows on the histogram could be leading towards an eventual market reversal this could take many months to play out, as it did in 2015
tether seems to provide the best buy signal for BTC higher highs and higher lows for the tether vs. crypto chart suggests the appetite for crypto purchases is only increasing reaching or piercing the channel top has been a good place to buy of course the low for BTC may not be in, but it could be very near laddering into positions is my strategy
the fractal for dogecoin seems to be pointing the way for DGB the fib extensions for DGB are phenomenal It always helps that no one seems to think there is any possibility that DGB will blow up.... just like no one (including myself) thought dogecoin would ever break out time will tell
cup and handle base measure coincides with fib extension $6,000 target some day in the future maybe
the pattern of consolidation the flush before the move for me CRV is the tesla of finance not financial advice
in the upside down charts XRP could be heading for a test of the .786 (.22) this could lead to a multi week trend which when flipped would be great for the bulls for now? blood in the streets!
slightly higher probablity that price exits triangle in continuation with trend before entering the triangle bearish scenario has potential to take XRP into the .20s I prefer the bullish continuation -your own risk, your own reward-
zooming in on the daily long term channel .60 looks to be the last possible hold with potential bottom if .60 doesn't hold I would expect the next logical support to be .225 not my favorite scenario as a holder just preparing my expectations this could also be the absolute bottom (if the market cooperates)
reef near the bottom of the descending channel should the market turn I would expect reef to challenge the resistance line should resistance be broken then a visit to the top of the channel is possible if the top of channel can be broken then reef could visit fib targets .10 / .20 / .50
is it possible we are in for a crypto winter? if so then the alt season could be on hold for as much as another year! the good news is that if it does take that long, then the prices can go much higher. $5.00 for zilliqa in January 2023 I am not selling positions, just accumulating. not financial advice
the battle for $39,000 has been going on for 18 months! the bears have tried many times to keep the price under $39,000 but are losing ground with each attempt the 600 DMA is also in play as a line of support volume has been declining since the battle began over a year ago the bears will have to pull off something spectacular to win this fight