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Fractals on XRP. Pump coming soon?
Possible 3 month head and shoulders forming on BTC.
Price currently in right shoulder, reaching the same highs as the left shoulder (~$7.8k). Expect price to bounce off this level for a few days, before a short pull back to 7.0-7.2k. This pullback would make sense given that daily RSI is currently touching oversold. If this pullback occurs, I'd expect a quick ...
Head and shoulders has clearly formed on BTC daily. Using the theory that the drop from the neckline break is equal to the difference between the peak of the head and the neckline, I expect price to drop to around 6600. This is coincidentally, around the same price where the most recent low sits, so there could be some strong support there.
price may bounce ...
Looking at fractals on XRP. IF the fractals play out, expect a pump with in the next 10 days to around 1050sats. If this occurs, it may suggest confirmation of fractals playing out, and therefore, the next move would be to short XRP at around 1050sats. This short would be a longish term position, with a slow bleed playing out. If this move plays out, then I expect ...