Novascorpius

Novascorpius

XRP If this is a proper upswing ( I hesitated to say bull market/run), then we can count this as a correction. So we want to find support at maximum @ the 200 EMA, in which case our "buy zone" is somewhere in the in the 70 cent range. anything above the rectangle buy zone and the upper red dotted resistance line is a "No Buy zone" as the risk to reward...

Novascorpius

The chart shows multiple indications that things are looking very bullish, but what bothers me are the massive resistances coming up. one after the other, and until we break 1.5 we far from being in the clear. Then there is that oversold RSI thing, dude how many days can you possibly stay over sold? I guess will have to wait and seem, but I believe we are...

Novascorpius Updated 

Good day all, Just wanted to update those interested of possible scenarios. as you can see XRP bulls have reached to gate of of the bear castle and were repelled as they tried to storm the castle walls. the battle was intense but a strategic withdrawal was ordered and a regrouping @ 0.85 is currently in progress. So this was a TA alla Magic poop cannon MPC...

Novascorpius

55 EMA crossing the 200 EMA on the 6H chart would be an awesome confirmation of an upward Bull Market swing. Fingers Crossed :) Any thoughts are welcome.

Novascorpius

This is really exciting, The 200 EMA broken, the Downward channel broken,Moving averages are all but in upward trend. I am having a hard time identifying any resistances between 0.78 to $1?

Novascorpius

MY Strategy is to follow the trend lines. I am a long term (swing investor) I sold some positions @0.67 and I will enter again after the 55 crosses the 200 EMA. which looks like around 0.75-0.78. and the follow the trend. (see light blue line) anything between the Red and the light blue horizontal lines is a "no trade zone" I personally believe that we are...

Novascorpius

As indicated on the chart, google Alphabet seems to have developed a double top, indicating a possible downturn to the purple 200 EMA.

Novascorpius

The Chart shows major resistance @ the FEB/6 drop zone. Unless ETH breaks this resistance, we may see another drop to the 400-300 range.

Novascorpius

The chart plots out parallels to previous dips

Novascorpius

I have been at this for a few hours, and I have to conclude that it's forming a symmetrical triangle with a possible break down. what do you guys think? Let me know.