I have been looking at everyones idea's and overall everyone is pretty bullish. I am not a bear, but my eyes must be cross-eyed because I just don't see 'Bullish'. I have shown you the Weekly Time Frame, because I think this really gives a good view of where I think XRP is at - The RSI is massively oversold, in-fact its the highest it's ever been since 2018 (can't look back any further on the chart I am using). The weekly candle closes in a few days, but it is looking awfully like a swing failure pattern. Which would be very bearish for me. If you are looking at the daily, zoom out to the weekly/monthly, it gives a different picture. All in all I think XRP is overheated. I will be looking at the previous all-time high as a point of support if it loses than I will be looking for prices at around $1.41. And to be fair, this makes sense to me. If XRP is to achieve the massive prices everyone's predicting, it's probably going to go sideways for a bit to catch its breath before its next leg-up. Lets not forget that XRP giveth and also dumpeth. Someone please let me know I am not the only one thinking this!
Considering that it has hit the order block area, I expect it to correct the gap and support area indicated This is not an investment recommendation or a buy or sell signal and you are responsible for any trades. Check it out for yourself Thank you for your attention
BTC broke the $100k barrier in true let me suck in the noobs fashion. The reversal off the ATH was fast , hard, and full of HFT. Dont be fooled. This is not a safe entry. I forecast in 1-2 hours BTC will hit $98,100 and then wont see prices too much higher until a trip to the $74,000 - $75,000 Area Using Murrey Math , Elliott Wave and my own brand of bad ass. Good luck.
this analysis has been done in 5 min time frame. but the general trend in both 15 and 5 look the same almost. I am shooting for a tp2
1. Pattern Formation: - XRP is forming a descending triangle or a bearish pennant. This pattern often signals a potential continuation of the downtrend, especially if there is a breakout to the downside. - The pattern emerged after a significant price rally, which is typically a consolidation phase before the prevailing trend resumes. 2. Support and Resistance Levels: - The key support level is around 2.2$. If this level is breached, the price is likely to drop further. 3. Downside Targets: - Target 1: If the price breaks below $2.2, the first potential target is around $1.97, reflecting a 15.32% drop from the breakout point. - Target 2: If bearish momentum continues, the price could fall further to around $1.6, representing a 29.12% decline. 4. Volume Analysis: - A breakout accompanied by significant trading volume will be a strong confirmation of the direction. A high-volume breakout below support strengthens the bearish case. 5. Larger Timeframe: - On a higher timeframe, there appears to be a potential HnS pattern forming. This is another bearish indicator, adding to the likelihood of continued downward movement. Conclusion: - If XRP breaks below the $2.2 support, the price is likely to decline toward $1.97 and possibly further to $1.6. - However, if the price bounces off the support and breaks above the pennant's resistance, a bullish reversal scenario could emerge.
Bitcoin and crypto as a whole is going to take a much-needed rest. the Next bull run will be much more execiting
A breakout with volume from a giant falling wedge. TP levels are on the chart. NFA
ETH x Apple (2013-15). Theory! Pay attention to the levels and potential “price discovery” of BINANCE:ETHUSDT based on the market capitalization it could potentially achieve. I emphasize this approach because we need to assess an asset’s potential movement not based on lines and indicators, but by understanding its fundamental limitations and possibilities. An incredibly similar chart! Note that Apple’s market cap in 2015 was $750B… Now it’s $3.5T, thanks to inflation! * MC = market cap
We are still good, no need to worry. We can worry if it breaks with confirmation below the redline, otherwise, it's just accumulating above the trendline. TP are on the chart. will it pass 137K in the coming months (Let's hope for the best _ We need to be cautious at this level, if we reach it). NFA
Long story short... The market is currently playing inside the zone 2625-2655. (30pip range) Gold should maintain above 2615. a Close below this level counld invalidate the Bump and run pattern and continue with more bearish pressure. Its NFP week and you know the USD has been gaining strength. Wait for the breakout above 2655 before entering another Buy. We need strong bullish candles with high volume to make this setup a low-risk trade. The targets are still the same: Targets: 1 - 2685 (quarter 3 high) 2 - 2710 (target 1) 3 - 2750 (target 2) 4 - ATH