teknoaxe

teknoaxe

Is it me, or is that an XRP that refuses to go down for a 5th wave? It almost got to the line, and then immediately went back up!

teknoaxe

XRP is going to have to go through a short correction. Watch for how steep the correction is and where it ultimately falls. If the support holds at 0.5, then we can progress to 0.6ish for a high. If not, it's still possible, but also possible that we could get a double top reversal. Just my opinion.

teknoaxe

I'm not convinced that BCH has reached the top of its respective surge yet. It hit resistance at around 650, but if it's able to push past that marker, it will continue until 750. This is my opinion, of course.

teknoaxe

The Support and Resistance lines for EOS and much of the cryptosphere are both still very strong, it seems. From EOS's perspective, we may be in this consolidation phase until around December 1 at the very latest, according to the intersection of the trendlines. For now, though, we're headed back down.

teknoaxe

XRP is in a Giant Ascending Triangle. It's latest surge hit up against the .500 resistance line. If all goes well, the ascending triangle should resolve no later than the 17th of this month.

teknoaxe

XRP Bounced off my trend-line like predicted. It may need to test the line again shortly. That second test should be within a day or two if it happens.

teknoaxe Updated 

XRP has gone through some twists and turns lately. Sometimes it helps to clear out what you thought you knew about a current trend and redraw lines. I have a new support. It does not start with the initial increase on the 17th of September. Rather, it starts from the pause before the big surge on the 19th of september. As you can see, if this is XRP's...

teknoaxe

It'll be interesting to see if this lasts, but a new trendline has formed with the current rise in prices on EOS...and it EOS just rose back above an old support that it dipped below a couple days ago. Just barely. Funny out it's still relevant.

teknoaxe

Will the 5.0 support hold? Will the 6.0 Resistance hold? Both Seem strong. If it's this predictable, though, at least you know where to go long and where to short, right? Only my opinion. I'm sure this can't last forever.

teknoaxe

We're in a weird space in Crypto-land. It appears, at least for XRP, that we've broken the support that has pushed growth since September, but we've also broken the falling wedge. Now it seems to be a fight between the 0.618 support line from the September 2018 Long and the 0.236 retrace resistance line from the fall from the initial September 2018 Long. The...

teknoaxe

I've added in a Fibonacci retrace graph to my tracking of XRP. In my last post, I said if all goes well, we should see an ascending triangle to around the 0.5 level before a breakout. I still believe that's possible, but there are things to consider here when analyzing its progress. XRP stopped short of where I expected when it broke the Falling Wedge, and the...

teknoaxe

Now that the falling wedge is broken, we have two factors to contend with. First, the support that dealt the falling wedge the final blow. And second, a resistance at around 0.48-0.49, which has been there since the beginning of the month. If all goes well, we should see an ascending triangle from XRP for the next few days and then a breakout afterwards. I'm...

teknoaxe

I'm cautiously optimistic that I called this yesterday. The support that's been present since September is strong! The drop from 0.618 was short and the support line pushed it back through and now we're above the falling wedge.

teknoaxe

The support trendline is strong. That 0.618 gave way quick. Now is the upper resistance broken too?

teknoaxe

Yesterday, I said that XRP would fall a short distance to the support line that's been driving the surge in its prices and then bounce. It's now probing that line, with no success yet in getting through. So here's where we take bets. Does this support line have the ability to power through both the resistance line and also the .618 line that was just...

teknoaxe Updated 

There are several things at play right now with XRP, the way I've measured it. First, it is in a giant falling wedge, and it's possible that it might be there for a while. But maybe not. Second, it has bounced off of the 0.618 line this morning from the initial surge back in September. Third, the trend line that has been the factor of major increases in...

teknoaxe

Not an expert opinion, but there was a double bounce there at 0.477. If it is an upward channel, then we should see another bounce at 0.51 -ish.