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XRP Breaks Uptrend Support Line - What Next? Here we are looking at XRPUSD on the 2hr time frame… Today we will zoom in on XRP, and analyze the break from its recent rally in which it pumped 45% in just three and a half weeks. As you can see, throughout this rally XRP had a strong ascending line of support (yellow), which it continuously bounced from, thus continuing the uptrend. It wasn’t until January 30th, that this support line was broken… so what should we expect next? Since breaking below the local support line, XRP has made two attempts (thus far) at getting back above it. Both re-tests have been met with strong resistance, and have failed in getting back above that line. We will continue to monitor this chart, and update you as it develops, but we currently expect XRP to remain below previous support (yellow) and move to its next support zone… What do you think will happen next? Let me know in the comments below! Trade safely… Cheers!
BITFINEX:XRPUSDShort
by GarethSolowayOfficial
5
ADA: Identifying Local ResistanceHere we are looking at ADAUSD on the 4hr time frame… In trying to determine what Cardano will do next, let’s take a look at its current price levels. Since January first, Cardano has rallied with the rest of the market. In just the last 5 weeks, Cardano has rallied just under 70%! The question we must analyze in the short term is where this rally will run into significant resistance, as it has been relatively smooth sailing to this point... As seen on the chart, the parallel resistance channel seems like a strong zone to watch. Not only has ADA rallied 68% in less than five weeks, but it hadn’t really run into any significant resistance zones until now. I would expect ADA to continue bouncing between support (blue ascending line) and resistance (channel). I will continue to monitor this chart, and update you when there’s a development in its chart! Trade safely… Cheers!
BINANCE:ADAUSD
by GarethSolowayOfficial
6
BTCUSD: Entering the new Bull Cycle is beyond doubt anymoreBitcoin is extending the gains of the past 4 weeks since the start of 2023, successfully turning the 1W technicals bullish (RSI = 56.360, MACD = -1647.100, ADX = 34.695) after months of sell signals. Since last week, it entered the light part of the Kurutoga Cloud, which has never been done during the recent Bear Cycle. In comparison with previous Bear Cycles, every time the price pierced through that Cloud, it was a signal that Bitcoin has already started the new Bull Cycle. The RSI Cloud hasn't been that high in green since the peak of the previous Cycle, and again this is a common pattern seen on all three previous BTC Cycles. We can, with a relative degree of safety, claim that the new Bull Cycle is beyong doubt anymore. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
INDEX:BTCUSDLong
by InvestingScope
5
BTCUSD: Channel Up intact until 4H MA50 breaks.Bitcoin maintains the solid structure of its Channel Up that has so far delivered two 14.80% rises. With 4H technically bullish (RSI = 65.196, MACD = 354.400, ADX = 30.451) there is no reason to stop buying at the bottom, until the 4H MA50 breaks. We are buyers on the S1 with TP = 25,500 and sellers below the 4H MA50 with TP = 20,700. The RSI's Channel Down can provide additional insight for the buy entry. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
BITSTAMP:BTCUSDLong
by InvestingScope
4
BITCOIN breached the August resistance inside a bullish channelThe Descending Resistance started on August 15 is now history for Bitcoin as it breached past it today. The 1D MA200 is right above at 19520 and is posing as the biggest obstacle on the long term. However the bullish channel has been constructed and looks strong enough to lead the price gradually higher to the upper Fibonacci extension, which as you see fit almost perfectly with the lower highs after August. The extremely overbought RSI most likely will need the price to pull back first before the 1D MA200 breaks. But as mentioned, the bullish channel is already constructed. Follow us, like the idea and leave a comment below!!
BINANCE:BTCUSDLong
by TheCryptagon
7
Etherum opportunitiesOur algorithm has shown a rising wedge in ETH which is one of our favorites patterns. That's because when you find a rising wedg during a trendline, the outcome is incredibly useful. If the pattern is broken downwards as expected you know that the trend is not over and you can still take advantage of shorts. Sometimes, a rising wedge breaks the upper trendline of the pattern during a bearish market. That happens always after a large decline and means that after a long period of accumulation there is no more offer and demand is back. Breaking the upper blue line would be a sign of a new era in ETH.
BITSTAMP:ETHUSDLong
by TopChartPatterns
5
FTTUSDT Don't trust this rise unless this line breaksThe FTX Token is having the best daily run since the exchange crashed one month ago and we see a lot of euphoria coming back to the market but be advised that you shouldn't get over-excited as, despite breaking above the 4H MA50 (blue line), the price is still range-bound inside the 1.175 - 2.100 25 day Rectangle. Only a break above 2.100 can be a buy and that's still limited to the 4H MA200 (orange line). Please like, follow and comment!!
by TradingBrokersView
1
BITCOIN Don't look beyong this indicator. Huge Buy!!Bitcoin's monthly CCI indicator has bottomed and is already trending upwards. The previous three times this happened, it marked the bottom on BTC and it started rising as well right after. BTC has been in this range since June and it is not all that different from Nov 2018 - March 2019, March 2015 - Sep 2015 and December 2011 - June 2012. Technically this should be all you need to know in order to buy these extremely oversold levels. Buy and hold for the next 2 years. It is a cycle that keeps repeating itself and greatly rewards those with patience. Please like, follow and comment!!
INDEX:BTCUSDLong
by TradingBrokersView
1
AVAXUSD Don't get excited until it breaks these levelsAvalanche is having a good stretch in December but we can't lift our hopes yet as it remains below the 1D MA50 . Even if it breaks it, it will still be contained inside the Falling Wedge of June. Our signal to enter AVAXUSD will be when it breaks the 1D MA200 , which is untouched since April 10th. The bullish target will be $30.00. Until this happen, with the RSI pattern looking increasingly like the last 1D MA50 rejection, it is more likely to see the Falling Wedge break downwards and make a new low on the 1.236 Fibonacci at $9.00. Follow us, like the idea and leave a comment below!!
BINANCE:AVAXUSD
by TheCryptagon
ALTCOINS Watch alts explode in 2023 if Dollar moves lowerThe chart is pretty self-explanatory. The Crypto Total Market Cap (top chart), which is the market cap excluding Bitcoin has had strong expansion periods when the DXY (bottom chart) was on a downtrend. The pattern behaviour before and after those periods seem to be consistent between them. Now the DXY had a major rejection on a Higher Highs Resistance that goes back to March 2015. The parabolic channel before that seems consistent with the one in 2016. If we get a similar downtrend channel to the 90.000 Support similar to 2017, when expect the alts to explode in a major alt season. Follow us, like the idea and leave a comment below!!
CRYPTOCAP:TOTAL2Long
by TheCryptagon
BITCOIN Historically best buy NOW. $150k next peak.Let's keep things simple. The 1W RSI rebounded on the Channel's bottom in June, a Channel that has flawlessly caught all cycle bottoms since 2011 and as a matter of fact the Highs as well. The first two cycles peaked a little below the 1.5 Fibonacci extension from the previous High (bottom to top of Bull Cycle). The last one peaked on the 1.236 Fibonacci. If the narrative changes in order to fit the Parabolic Channel that Bitcoin has been trading in and which is getting narrower offering lower returns in each Cycle (diminishing returns paradigm), then a 1.236 Fib on the new cycle would be almost exactly at $150000. It will be a rough ride and things surely look far from ideal now but pessimism and (extreme) fear were always (much) more stronger at bottoms. Buy don't look back and get ready for $150k in 2025. Follow us, like the idea and leave a comment below!!
INDEX:BTCUSDLong
by TheCryptagon