XRPBTC appears to be forming a bullish pennant, suggesting a potential continuation to the upside after consolidation. If we see the formation of three consecutive green candles with higher highs and higher lows (known as “three white soldiers”), it could signal the beginning of the next impulse wave.
On the monthly timeframe, here’s my analysis based on Elliot Wave Theory and observable patterns: Identifiable Pattern: The chart appears to form a 5-wave Elliott Wave structure, consistent with a motive wave (impulse). This structure typically aligns with the principles of an overall bullish trend. Wave Count (Elliott Wave Theory): 1. Wave 1: The initial sharp...
Here’s a complete list of patterns and observations of what I see in the chart: 1. Symmetrical Triangle (Current Pattern): • The price is consolidating with lower highs and higher lows, forming a symmetrical triangle. This is typically a continuation pattern, and given the prior uptrend, an upward breakout is more likely. 2. Ascending Channel (Previous...
Based on the chart you’ve provided, the price appears to be consolidating in a sideways movement, forming a symmetrical triangle pattern or pennant pattern. This is characterized by converging trendlines with lower highs and higher lows. Key Observations: 1.Trend Before the Pattern: There was a strong upward trend leading into the consolidation, which supports...
Using Elliott Wave Theory, it looks like XRP could be entering Wave 3, which is often the most explosive move. If this plays out, Wave 3 might take us to the 1.618 golden pocket region. What are your thoughts?
BULLISH Pennant, or Bearish Pennant? Not difficult to understand where we are heading! Think LONG! $TRX #TRX #TRON #BTT #BitTorrent #TRX #TRON #BTT #BitTorrent #Bitcoin #crypto #JTS
Descending wedge: one of the most bullish patterns. Not sure when it will break out, but when it does, it will be so bullish that you will not be able to keep up with the price. Hopefully soon we will enter wave 3 (wave 3 will take us to a minimum of .36 cents.
From a grand prospective, TRX 1.59% is in 3rd wave (often the longest and never the shortest out of the 3 motive waves which are 1,3 and 5 | 2&4 are corrective waves) When it reached 10 cents people (including myself) were calling it wave 1 of wave 3 grand super cycle. It is clear that the 10 cent mark was B wave and we finally bottomed at around 1.7 cents. We are...
We are still looking for the bottom of wave 4. We are near. Holding s the best option if you have not sold during the run to 10 cents. See you at the next target between 10 cents and 14 cents.
TRX - TRON to Bitcoin Just an idea.