Total crypto market cap has blown past the $300 Billion area which was the local high we capitulated from in the second week of March '20. Currently were printing a bull flag targeting the $400 billion resistance level. Looks like we could push past the next resistance at $360 billion. Id imagine we would chop our way towards $400 billion after that. I think...
Could see $70again region near term but once this resistance breaks ZEC will fly. Not Financial Advice.
Possible major bull pennant nearing completion. This analysis is based off the 4HR timeframe. It's worth noting that Bitstamp has seen new ATH in XRP Daily volumes since the "ides of March" selloff. Dwarfing the volume seen in the 2017/2018 pump. Stochastic RSI looking like a triple bottom setting up a nice spread for a bullish cross. RSI finding support...
XRP Price Action In 2020 Breakout of multi-year wedge Diagonal Resistance Line Turns Support Price Accumulates below the Long term resistance near .20 then breaks out. Moving averages looking parabolic but RSI nearing the top on the higher timeframes. Lot of you hate on XRP & thats cool. At this point I think it's a choice to ignore how integrated...
Previous resistance turned support which aligns with Dec 2019 support levels. Mac d is near the neutral zone while Stochastic RSI breaking out.
WHEW. Nasty moves to many sleeping investors. A stop hunt liquidated all the way down into the .13 cent area. Xrp attempting to find candle body support on the .18 cent support region on the daily chart. Rough waters keep many on shore but some go out and ride the waves... Will have to continue to see this "shituation" play out. Global everything getting all...
Showing the total crypto market cap chart here as there have been no cryptos safe from annihilation. First we had the sniffles and mild symptoms but now were quarantined and left to die. Bag holders may be feeling a bit grim today! If thats you then realize you decided to take some big risks - I respect you just for that - do not give up just yet! Many will...
Fibonacci said nope RSI said nope MACD said nope Volume said nope & price action listened :( ALL EYES ON $7,777
Been calling for double bottom to play out in Stochastic RSI on daily timeframe. We can see we've done just that and then some! MACD trend showing exhaustion as MACD Line tests major support. 0.5 Fib level acting as current support. Expecting a large move to precede the halving in late May. Many alt coins will follow. Worth noting the increasing noise...
Very simple approach to this analysis. OXT attempted to retest support established Dec 18th, 2019 on January 31st, 2020. Although we got very close we didn't actually reach that price level before we had an impulse. We rejected off a major trend line and have now printed a lover low (lower than Jan 31) and have actually tested the all time low price level! ...
XRP potentially forming an inverse head and shoulders on weekly timeframe. Currently at the peak of the right shoulder & also finding support at 0.236 Fibonacci level (not shown on chart). Stochastic RSI breaking back below Overbought conditions. Healthy amount of Volume. MAC D is in the negatives which to me means there massive upside within that indicator....
Last fib level for reversal Stochastic RSI heavily oversold. Seeing a possible double bottom pattern playing out right now. Exciting times if you remember the days prior to last ATH when XRP teased us at this exact same price range. Interesting to say the least... Not Financial Advice.
Since last post Bitcoin has failed to find any support & price dumped to now test the 0.5 Fib level and 200 day moving average. We are currently attempting to Find support at the 0.5 Fibonacci level. Intra-day timeframes looking bloody and beaten. Bit of bearish divergence on 1hr chart. If we continue to fall next target would be around $8300. ON A POSITIVE...
Pretty self explanatory quick update on BTC. If we can hold here expect a bullish pump incoming. Falling below would be accompanied with decent amount of selling. Due to fundamentals I expect bulls to carry us towards the halving. But remember this, I know nothing and the trend rules all. Will update as trend progresses. Please Like & Comment ------> Lets...
XRP fell down from my previous post. I was expecting the possibility of a double bottom forming on the daily Stochastic RSI. That is playing out well. We are also lining up with my previously mentioned support level of around 0.255. Intraday timeframes all look bearish however daily is in heavily oversold conditions. XRP successfully golden crossed on the...
OXT with its little price history offers added risk but increased reward if things turn bullish. If RSI can break above oversold territory I would expect a move to retest resistance at he 50 day MA around 0.285. Volume looks ready for a large spike. At the time of this post OXT market cap is 17.5 million. Will follow up as trend progressed & at the end of the...
Quick update from previous post. Chart pattern is coming together nicely. Weekly RSI could potentially reverse off bottom of overbought territory while the Daily RSI makes its next impulse. 100 day MA just crossed 200 day MA with 50 day MA turning vertical way above the two. Small amount of Bullish Divergence printed in last three days, lower price but rising...