TRX have been forming the mother of all triangles for the last two years. With descending upper trend line the breakout more likely to be down, but the trading range is narrow for the whole market until FOMC meeting 2nd of November.
XRP/USDT spring is coiling up for massive move. Last time XRP got out of a triangle was 2. april 2021. Depending on the results of the SEC lawsuit, which I assume Ripple will win, the same pattern could play out this year by the end of april 2022.
Fibonacci trend extensions would put 1,68 target around 3.3USD/XRP.
BINANCE:XRPUSDT
Hi fellow traders!
Am a big fan of ARK as a "dividend" coin.
ARK/BTC just jumped up on my alert e-mail as MA:s moving up with volume spike after nice divergence with MACD on 4h chart.
Am loading my tanks on this. Wish me well.
Happy trading!
-Jarkko
XRP/USD price is getting close to long term support line all the way from spring 2017. Price just plunged a bit under highs of may 2017.
Waiting for shopping opportunity at 7-9th of July at 0.36USD.
Yes, I know putting dates like that is ridiculous.
All the best
-Jarkko
KRAKEN:XRPUSD
BTC may be forming double bottom on long term support @5,9k.
Resting AT THE support line at moment, we will see will it close daily candle above this support.
Next reasonable support line will be down to 4,9-5,0kUSD.
On long term holder this could offer some reasonable R/R ratio.
On concern is volumes staying low which speak on the behalf of still going down...
Inverted head and shoulders, I'd like to see confirmation going through regression channel upper band. RSI stoch looking bullish too. And the free coins coming for hodlers on March they ain't selling before.
