Something weird is happening to XRP. I noticed a couple massive entries made on binance. Going to pile every dollar i have into XRP - something appears to be brewing. Go long but be careful. It's basing anyway - see my other post.
I'm seeing a basing action on short timeframes. I'm entering long on binance leveraged tokens on XRP, and watching RSI stays above 50 on the hourly chart. 1.25 in, we'll see, just keep a tight stop loss. High risk, low reward scalp trade.
RSI trending above 50 on 4hr chart. On finer scales, XRP is basing and breaking out of trend line. Wait for confirmation but it's gonna move now it seems. MACD gonna fire a buy. Ready to goooo.
1hr and 4hr charts: RSI is in uptrend territory StochRSI oversold. Macd about to flip a buy signal. LFG!
Looks like FIL is ready to light it up. On h1r timeframe it's already booming, on 4hr timeframe it's just turning positive trend on RSI, oversold on stochrsi, and MACD firing a buy signal. Looking good.
Algo looks like it's going to make a move later in the month. Setting up the bat pattern, can expect it to clear the 1.0 fib, potentially reaching the 1.68.
BTC (and whole crypto market by proxy) pressing on long term trend line as resistance. I'm short, I sold all assets expecting a downturn towards 38000 and possibly lower. On 51k, expect a run up as that's a breakout on longer term picture. I've drawn a view of Elliot wave on longer timeframe, but not totally sure that's the right way to view it as the ABC is...