Ain't nothing but a backtest? XRP/USD Bitstamp weekly chart of what looks like a crazy potential backtest or resistance line from beginning of 2018. Did a measured move and funny enough put me around $1.10 range and back onto the bullish uptrend line. But we would need a very strong bounce from here on large green volume. Some bear signs at the moment is...
- Bullish break of the 200 DAY MA on great volume. - Currently consolidating nicely above cluster of daily candle closes back in Dec. '18 and April '19 - Possible Bull Flag Formation short to -mid term and ascending triangle pattern. - Still possibility to Retest 200 Day MA confirm as support if BTC Dumps
- Price contraction after bullish impulse up forming. Large move will take place on confirmation to up or down. Here are the simple measured moves for each. Not financial advice just my own charting opions for entertainment only.
- Bear Trap just under the falling wedge support - Rejected prices under 200 Day MA - Good Volume Came in on Bull Break and retest to confirm support Intermediate targets for me is 39-42 Sats, if that is broken the next level is around 50-52 Sats.
XRP/BTC Bittrex Long Term 696 Day correction coming to a decision point. Lets see what happens follow and like to watch along.
DOW J INDUSTRIAL upcoming 0.618 golden retrace and overhead resistance coming in play. #DOWJI #DOW # SHORT #PROPPEDUPMARKET #entertainment
Possible huge cup and handle on BTC?
This is a chart of XRP/USDT 4 HR a big move is building as we test the bullish top resistance line. Watch out for fakeouts wait for confirmation with VOLUME in either direction
This is a chart of XRP/USDT 4 HR a big move is building as we test the bullish top resistance line. Watch out for fakeouts wait for confirmation with VOLUME in either direction