XRP Dips In The Short Run, But A Bigger Setup May Be Forming: Analyst
Investors who stay patient through the current pullback could be among the biggest winners when market sentiment eventually turns — at least according to one analyst who has been tracking XRP closely through this period of weakness. Related Reading: XRP Is The Clear Winner For Transactions, According To Peter Brandt A Floor That Holds XRP is not expected to collapse below $1, based on the analyst’s reading of current market conditions. The token has been trading near the bottom of its recent range, weighed down by a broader crypto selloff that has pushed Bitcoin below key support....
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Crypto analyst CrediBULL Crypto has shared a confident view of Bitcoin’s current market setup, describing the ability to read high-timeframe (HTF) structures as a superpower. His comments came at a time when Bitcoin had experienced notable volatility, fluctuating between $106,000 and $111,000 in recent days. According to the analyst, those panicking over short-term dips are […]
Despite having closed at the lower arc a couple days ago, Bitcoin nevertheless reversed and pushed through several layers of resistance. It is now looking at the 3rd arc on the 4-hour chart. The market is fractal. For reasons I can only guess at, Gann setups ‘work’ on several/many levels simultaneously, even on the same chart. But only one of those setups is the ‘best’, if we define ‘best’ as the setup which forecasts correctly each turn, all the way up to the end of a move. The setup above is a bit bigger than the one I had been using previously. This setup, as you can see, is framed with....
An analyst has explained how a pattern forming in the 3-day Ethereum chart could signal that a decline toward $1,700 may be coming. Ethereum Has Recently Formed A TD Sequential Sell Setup In a new post on X, analyst Ali talked about a sell signal that has taken shape in the ETH 3-day chart. The relevant technical indicator here is the “Tom Demark (TD) Sequential,” which is used to spot reversals in the price of any asset. The metric is made up of two phases; a setup phase and a countdown phase. In the former, candles of the same polarity are counted up to nine following a....
A cryptocurrency analyst has pointed out how the Open Interest for Bitcoin and the altcoins is forming a setup that previously led to a market downturn. Bitcoin & Altcoins Have Seen A Jump In Open Interest Recently In a new post on X, CryptoQuant community analyst Maartunn has discussed about the latest trend in the Open Interest for Bitcoin and the altcoins. This indicator measures the total amount of positions related to a given asset or group of assets that are currently open on all centralized derivatives exchanges. It takes into account both long and short positions. Related Reading:....
A crypto analyst has highlighted how the Tom Demark (TD) Sequential has flashed a buy signal for XRP recently, a potential sign that a short-term rebound may be coming. TD Sequential Has Formed A Bullish Setup For XRP In a new post on X, analyst Ali Martinez has talked about a TD Sequential signal that has appeared on the 4-hour price of XRP. The TD Sequential here refers to an indicator from technical analysis (TA) that’s generally used for spotting trend reversals in the asset’s price. It involve two phases, but in the context of the current discussion, the first phase called....