cbistriceanu

cbistriceanu 210 views ・

On the daily chart of XRP\USD a diamond patter has seems to have formed. This usually indicates a major bullish indicator and a possible trend change. With the 21, 26 and 55 moving averages being very close to each other under the 100MA we should expect all three to cross. The RSI does still have room to move on the up side before hitting oversold could indicate a...

cbistriceanu 164 views ・

Yes, I am still long on both XRPUSD and XRPBTC as this asset has the strongest fundamentals in this market. There is a good reason why XRP has the most FUD in the market. The 100MA has already crossed the 200MA which represents the second "Golden Cross" event not long since the first one. A small retracement may still happen over the weekend but on Sunday,...

cbistriceanu 139 views ・

While another revisit for XRPBTC at sub 0.00005000 may be possible a quick reboud would be expected to see the price reaching a new ATH. The critical level where XRPBTC currently sits will be defining for the pair. Therefore, I am bullish biased looking at this chart and I would expect a big move from XRP within 2-3 weeks time. The RSI has plenty of room to move...

cbistriceanu 304 views ・

Looks like the accumulation period has extended and we're still in it. Would the next Elliot Wave move be the one? Here are my thoughts on what had happened so far and where we may go from here. I would be curious to see if the resistance at $0.4750 will be broken this time or not. We now have two MA crosses on the daily chart too where both the 50MA and the...

cbistriceanu 153 views ・

As the title says, are we going to see the price of XRP\BTC shooting up or slide further down? This would be the second time when the price level will touch the suport line. Personally, I would think we may see another break on the upside. The reason for my call is also the immenent touch of the 50MA with the 200MA on the daily chart on XRP\USD.

cbistriceanu 86 views ・

The testing of the 50MA on the 4 hour chart could indicate the completion of wave 2. Later this evening we may see the wave 3 in action. See the updated chart. The previous one stil stands but I have adjusted the time frames.

cbistriceanu 753 views ・

While some data of the previous accumulation is missing on this chart to provide some more meaningul data I think we are not far off from a price move soon for XRP\USD. In about two weeks time we will find out where this is going. For me this is looking on the up side, so it is a good time to accumulate.