I can't stress enough how important price will be as this weekly candle finishes and next weeks candle begins!!! IMO, next week will be critical. Cheers!
My last Bitcoin chart, I mentioned to be careful about getting too bearish, since there was a potential "Running flat" correction possible... well, I believe it "morphed" into an Expanded flat correction. Both corrections come from an Elliot wave analysis. I have provided a diagram of each correction, and you can compare them for yourself. Any questions, feel...
The 4 Hour chart is signaling a potential turn here...the RSI and the price are diverging from each other! Cheers!
As you can see, price is NOT confirming the RSI, so this could be setting up a "Running Flat" type of correction! Cheers!
I'm sharing with you more information as to what I'm personally looking at on the Weekly price chart for XRP! As you can see, I'm giving you the $1.39 price point for XRP to conquer, and if price surges thru that price, I'm giving you my next area of "interest", just like I gave you the $1.35-$1.42 range! Regarding the $2.84-$3.05 target, we hope that price will...
I have been following this pattern since September, and I'm sharing it with you since I believe it's an important one to be aware of... I share this for those that have loyally followed my work! Cheers! If you look carefully, this pattern can be found on many Altcoins...I'm fortunate here with OXT since I bought it at a much lower price, and I can afford to let...
Well, I created a chart on November 21, 2020, which I stated, "I'll be very curious to see how price would handle the $1.35 - $1.42 price range", and I knew this price target was gonna be a tough one to get through... BUT I didn't realize it would take a year for this resistance to hold!!! At any rate, if you've followed my work, then the over throw channel...
Peaks and valleys are not exact, but the overall pattern is very similar!!! Look closely and compare the RSI as well. Cheers!
As I mentioned in a previous post, I believe that Silver looks very bullish! As you can see, these (2) charts look way too similar, and coincidentally, you can also compare this same pattern to Ethereum's chart. Worth keeping your eye on this pattern! Cheers!
Updating the XRP vs Silver chart. As you can see, the patterns are too similar! Also, if you look at the Silver chart with regard to it's current corrective pattern, it looks very bullish to me! Cheers!
Please click the like! I am sharing some stuff today, that I have been holding onto for some time now...so, hope you enjoy it! While Bitcoin uses the Weekly 15 MA, I am suggesting that XRP uses the Weekly 7 MA... So, the target price that you're looking for, with regard to XRP and the explosive move higher, is $1.58555! Cheers!
IMO, no coincidence! My point is, keep an eye on the Weekly 15 MA! Cheers!
Everytime, price has corrected, consolidated and re-conquered the 15 MA weekly, price has exploded to the upside...clear as day! Make sure to check out Part 2! Cheers!
If you follow my work, this should look very familiar to you! Cheers!
A more bullish perspective than yesterday! Cheers!
As I mentioned in a previous post, which I compared this Bitcoin pattern to WTI - Oil, the similar pattern is shaping-up on the XRP chart. Very simple, price needs to conquer $1.42! Otherwise, a sharp drop could be in the cards. I KNOW! Not exactly what everyone wants to hear, and just so you know, I'm not here to give you a back rub and make you feel good, I'm...
Again, when it comes to patterns, they will always have there differences, but they will always have similarities too! IMO, this is an important pattern to recognize, and it applies to other stocks and crypto as well. Cheers!
Anyone else find this comparison? Interestingly enough, I strongly suggest comparing XRP (on the yearly) to BLX or ETH. It would give you perspective as to how I think this year might end...!!! Cheers!