market was in bull run as purple trendlines showed. it then clearly broke this trend and started short bear run downwards.
the 2 blue trend lines confirm that price is heading down.
predictions are price will keep heading down till it picks up liquidity which is at next yellow zone (£437).
potential buys @ £437.
potential buys @ £437.
potential buys @ £437.
initially price was high but was declining and we wanted it to arrive at the yellow zone marked.price has nearly reached this point and we are left with 2 moves.
1) fundamentals/conference has positive outcome= upwards (green arrow)
2)fundamentals/conference has negative outcome = downwards (red arrow)
big buys available at yellow zone where price nearly is if...
in the last post we new price was bullish and was setting new highs that ETH previously had not seen. however price was struggling to break green line of resistance.
UPDATE: price has now set all new highs and is still showing signs of a continued upward trend.
new yellow zone has been created. price is respecting the trendline and so far is respecting the new...
target has been reached. new yellow liquidity zone has been drawn on.
aim is for price to break and retest the zone to then continue moving upwards. as long as there is no negative fundamental news.
price may also stabilize until pending case is resolved.
XRP has been bullish since 26th April.
missed a key entry that i had setup for at around £1. market moved downwards to liquidity zone @ 0.99p and moved upwards. missed out on this move.
nevertheless target for XRP in my eyes before coin stabilises is around £1.25.
potential to buy in at current zone if there is confirmations that price will head towards green target.
market has been bullish for a while now and has also broken the all time high of £2500. market is still respecting and playing off newest purple trendline. however is struggling to break past the green dotted line. my predictions are the market will start to stabilize at this level until it can take liquidity from the yellow zone and show confirmations for next bull run.
