ElCucho

ElCucho

Looks like a H&S on the 1hr Volume has depleted since initial peak. On the other hand, it has been defying all deviations on 3m chart and seems to have a bullish bias. The bears are gone hiding, as the RSI is extremely overbought. Asking for a friend ;) Please discuss!

ElCucho

Last week I warned of the fundamentals. Said to watch the fractal where the Yellow support meets the green line (extension of fractal made by giant bear flag). Both XRP and BTC peaked here. Wanted to remind you there will be a rate hike (most likely 225-250bps) coming in 2 days. Personally have no idea how priced in that is. Remember, the fundamentals...

ElCucho

The green line is where a major bull flag's daily fractal continuation meets with a major long term support. Consider the fundamentals hierarchy above XRP (BTC>S&P500>FED) Ask yourself. "Does this look like a convincing breakout/BOS"? Regards, Cucho

ElCucho

Green lines: bear flag , confirmed drop, and extended turned resistance. Blue lines: Daily-Monthly fractals/ trendlines . Purple lines: minor long term support Yellow lines: major long term support Shaded red area: Bear market panic zone (dotted green line signifies my personal prediction from the hammer doji) Notice the latest price action we have formed...

ElCucho Updated 

Support 1 and 2: major long term support lines. Green lines: bear flag, confirmed drop, and extended turned resistance. Blue lines: Daily-Monthly fractals/trendlines. Purple lines: minor long term support Shaded area: Bear market panic zone XRP likes to dance fractals and respect support. Notice we are forming a Bull Flag currently, sitting below right where...

ElCucho

You may be hearing these discussions about "portfolio rebalancing" event coming up. Great. Let's get a nice pump. There's double bottom forming on the 15m, with some level bouncing off liquidity. Let's also remember, things are not so cute right now. Where did all the Bored Ape avatars go?! The macro economic conditions have people thinking "wow this has got to...