enixstorm

enixstorm Updated 

There has been no pullback since 29 September for this current leg and I don't believe the run is sustainable... Looking for a healthy correction prior to the 3rd leg.

enixstorm

Broke below the long trend line and trading currently at trendline levels. Looking for a break down to the next Fib/200MA. Been waiting for this for a week... Hoping it's not something more drastic like a 92-93 retest

enixstorm

Took a look at the first leg and cloned the top of the channel for this current leg. Let's see if we bounce off the top line.

enixstorm

Was looking for a 1.03-1.04 entry with 1.07 solid support and it came true. Look how the trendlines drawn weeks ago still come back in play as the market moves and corrects in the continued uptrend. Will need to watch closely to see if recovery comes on Wednesday - 67% chance to be green over the last 45 weeks based on a DAYOFTHEWEEK indicator I pulled from...

enixstorm

Touched a technical bottom - 50MA on the Daily and also the widened wedge which was impacted by the evergrande false flag event. Looking for further pullback but this could be a breather spot.

enixstorm

Still in a downward wedge. Breakout followed by a major correction puts us right back in the wedge channel.

enixstorm

If XRP is fulfilling a repeating pattern then the next run up into the 2s could be imminent <30days

enixstorm

Let's see how this plays out, where they entry/exits will fall, and when a retest of the 1.07 support or 1.30s/blue sky breakout might occur.

enixstorm

Amazing how trendlines work... Was looking for a retracement on Sep 10th and the trendlines scarily interescted at our drop price and date!

enixstorm

Notes in Chart. Looking for a retest of the mid-90s for a .94-.96 bounce. Daily 200MA aligning with this zone and .5 Fib is @.96. Note the fib accuracy - .51 to the recent high of 1.41 Fib range = 1.618 at the yearly high of 1.96ish.

enixstorm

XRP had a Golden cross last week, shot from 1.18 to 1.41 but was dragged back down from a major btc correction. BTC en route for golden cross in the next 24 hours and if the technical sparks a rally, could see XRP push from current trend support established and highlighted in the chart (1.02-1.12).

enixstorm

50/200MA cross occurring this week. Expected a double test of 42s but with the cross, may not happen. Curious how Algos react to this indication in the next 24 hours.

enixstorm

The trend on the left was cloned on the right to see what a possible retracement might look like. If there is no major catalyst until November, retracement could pull back as far as .68 which used to be a blastoff area when we were consolidating in the 40s and 50s range. .62 was a breakout and .68 was a blue skies breakout which both were broken in the March...

enixstorm

Updated btc trendlines to determine trading channel. Trendlines previously identified and correct resistance was identified after the dip into the 49s and subsequent 51k resistance at the top of the trendline.

enixstorm Updated 

2 trend support lines drawn in previous weeks have created a trading channel I believe helped detect a resistance and a support for the previous 8 hours.

enixstorm

Yep, 3 points of contact major resistance needs to be broken to confirm golden cross (50/200 cross 3 days prior)