I have nothing against Coinskid, hes a great youtuber who posts amazing TA multiple times a day. I simply have a different opinion on where XRP is heading short-term. Top- My idea Bottom- Coinskid's idea (roughly) twitter.com/tomskiweb/status/1432651245924331523
My idea: I think XRP will soon break out of a symmetrical triangle because: -Bullish symmetrical triangle formed after impulse waves/correction -RSI broke out of resistance and held support -MACD crossed bullish as well as printed green histograms on 4h chart -Double bottom formed at VERY strong resistance/support level -5 wave within wave "C" formed already -0.382 retracement target met with a double bottom, this is a common level to retrace to during a parabolic uptrend (wave 3)
Coinskids chart flaws: -RSI bullish breakout + back test of resistance as support = bullish, not bearish -Descending triangle target well below 0.618 level (which is already unlikely to be met during parabolic price action) and even falls below 0.786 level -MACD bullish, not bearish All of this = negative price action?
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.