XRP / BTC - Something interesting just happened to XRP

Almost 1500 days has passed since price action resistance became support. A resistance that was first defined back in May 2017. That resistance has now become support; this is significant.

On the above 10-day chart, following the break of resistance and oversold condition (orange column), there is a regular bullish divergence. This is a ‘incredible buy’ opportunity as both RSI and MFI print higher lows when price action prints lower lows. Additionally RSI is now 50+, price action is in uptrend.

A buy from 1.5k sats is amazing if you can get it, but I don't recommend attempting to time it given the target.

1st target is 17k sats.

Good luck!

WW

การซื้อขายยังคงดำเนินอยู่:

The 21-week EMA crossing the 50-EMA is incredibly close (Before the end of the month?) as price action corrects to find support on the 50-week EMA. Look left!

การซื้อขายยังคงดำเนินอยู่:

The close of last week's candle should remove all doubt previous resistance is now support. Price action fell below previous resistance and was immediately bought up until support.

I don't hold XRP, however for anyone who does this development of support and resistance is very bullish.

ความคิดเห็น:

Price action now touches the 0.618 golden ratio following correction.

ความคิดเห็น:

This next move for XRP holders will bring back memories of 2017.

However you feel about this token, take profits when those spikes to the moon occur. These spikes are not vindication of mass adoption or some other narrative that will soon be spouted following the pump.

การซื้อขายยังคงดำเนินอยู่:

A little bit of history repeating.

Now remember what I said above, do not buy into the hype XRP is taking over the world when it moons. Sell into strength, buy into weakness.

การซื้อขายยังคงดำเนินอยู่

ความคิดเห็น:

Be patient XRP fans - price action is currently testing the 21-week EMA (yellow line) following an impulsive move.

I'm not in this trade therefore message below for updates.

การซื้อขายยังคงดำเนินอยู่:

Expect a significant move in the near term

ความคิดเห็น:

The significant move should be a 400-600% move to the upside once the blue line is crossed (purple circles) - look left!

Don't sit on those gains believing it is the new paradigm.

ความคิดเห็น:

Departure is imminent... ;)

Like watching a spring being squashed to the floor.

การซื้อขายยังคงดำเนินอยู่:

price action is currently testing past resistance (Feb / March 2016) as support.

ความคิดเห็น:

On the weekly Dragonfly DOJI candles are printing. This indicates the support which the 2017 pump was formed remains strong. Be patient.

ความคิดเห็น:

This is the 10-day BTC pair. The waiting game grows ever closer to the end, well done if you've been this patient.

You can see RSI on the 10-day chart below prints higher lows growing closer to 50 level. Once it pops above 50 fireworks will follow. Look left.

Stochastic RSI just crossed above 20 (purple circle) on this 10-day chart. This is very bullish for the weeks ahead.

I don't know what's going to happen, but I do know the time for it to happen is nearing.

ปิดการเทรด ด้วยตนเอง:

There's evidence of broken market structure on the 2-day chart below. Yes there's a bullish engulfing candle printing, look left, there's evidence here a move up should now be seen.

Pay close attention to price action, if it does not recover above the orange line in the days ahead price action could collapse 50% easily to the next support level.