Introduction: In the ever-evolving landscape of cryptocurrency trading, enthusiasts and analysts are constantly seeking clues to decipher the market's next move. A keen observer recently uncovered an intriguing macro perspective on XRP using TradingView, suggesting that the digital asset may be poised for a descent to the 21-22 cents range. Let's delve into the...
Our journey starts in 2013, when Ripple releases XRP to the public. Price pumps all the way to 0.6 cents, then corrects for a double bottom. This completes waves 1 and 2 on the macro scale. Wave 3 takes off to $3.50. Then dumps heavily down too $.11 to complete the bottom of wave 4. Now, it looks like we are completing a running flat correction. The...
On July 13th, we saw a massive XLM pump on the back of the partial Ripple victory over the SEC. For the last few days, we have been consolidating between .12 and .18 in the form of a cup and handle. Currently we are in a handle. Assuming we are in wave 4, we should have a push up to the 161.8% fib extension ~.24
Taking a look at the Daily XRP chart, we will see that there is a large fair value gap. For XRP, using the Fair Value Gap indicator by LuxAlgo, we see that we have a 97% fill rate for bullish FVGs on the daily. I would expect a wick down into the top of the fair value gap . It may be a quick wick, so I have my pyramiding orders set.
Why long? Possible inverse head and shoulders pattern forming. Bullish divergence in RSI 4Hr OBV Rising
What is NMR? First of all, what is Numeraire is an Ethereum token that powers Numerai, a San Francisco-based hedge fund that crowdsources artificial intelligence to make investments in major stock markets around the world. Numeraire (NMR) holders can stake their NMR tokens every week on specific predictions. Essentially a hedge fund run by AI. I work in the...
Simple, elegant and quite lovely daily bullish hammer XRP! Long.
I am going long on Shiba Inu. Looks like an Adam and Eve double bottom. Volume shows a high probability move to the upside. Looks like we just completed our ABC correction for the first ( hopefully many) Elliott waves to the upside.
Looking for at least one more major leg up, then followed by a dip or smaller 3rd leg up. Can we make it back to $1?
If you are an engineer like me and understand the immense amount of thought and energy put into this project, I find this a steal of a price for any software. Maybe I’m gambling but the technicals. Look great. Obv is going exponential on the daily time frame.
On Balance Volume continuing to increase despite decreasing price indicates accumulation of OXT. For this reason I am long on OXTUSD.