It looks to me as if Bitcoin Cash has been following a perfect wyckoff accumulation schematic. I am unsure if we have yet seen the Spring, or whether the recent long wick on June 10th was enough? I would suggest we follow Path 1 or Path 2 as marked on the chart if we see the final phases of this accumulation. This pattern would be invalidated if we see a loss...
BTC should have technically bottom or be very close to based on time of previous bottoms vs havening
Weak break of the neckline, potentially coming for a double back test before going on to breakout target or facing a loss of structure
Inverse H and S pattern forming on top of the previous ATH in Crypto total market cap, could be bottoming or ST reversal structure forming
Since the start of this Bull run, the average return on XRP when it dips into/ touches the oversold area on the Daily RSI to when it crosses below the 14 day SMA is 100.338%. It touched again today.
Big confluence on XAU uptrend incoming? We could see the creation of a cup and handle coming if we get the confirmation of a bullish cross on the RSI
On the two previous BTC moves, we have had a liquidation wick, a lower low, followed by a higher low and then a 68-80% upside move. I am targeting $74k.
Cup and Handle Pattern. With a potential breakout target of 22.4%. Hourly Price action has been held down by the 200 EMA twice. Decreased volume indicates a potential momentum swing coupled with finding support on the top of the 50 EMA and the RSI potentially bouncing off the 50, could indicate a change in direction. A potential play could be to trade the...
BTC needs to bounce off of the 200 EMA on the daily to potentially reverse from its current downward trend
Where I think ETH will move to short term, what support and resistance levels we can see moving forwards.
Taking into account the last breakout. We could be looking at a $5.20 XRP if we get some bullish momentum and can crack the current .786 Retracement level.
We need volume to break the 55k and eye up our next target of 58.5k
All 3 moves lead to Breakout zone between £2.30-$2.70+. Maybe even a move towards ATH is starting
XRP Long to $1.33 resistance if we break the handle using the $1.09 as support.