- Hi, All! Sorry about the lack of updates over the past few days as I’ve been considerably busy but now I’m back to usual schedule.
- Since our last post, we stated that support should be found for XRP at 0.90$ and support was actually found at 0.95$. On BTC, we stated that support should be found at 43,975$ and instead support was found at 47,000$.
- Double bottom formations had formed across the market and we are now at the ceiling of the structure. So technically speaking, this is where price should begin to drop again. Also, we are at previous price floors, which should now become price ceilings very easily.
- We may get a push upwards to the 56,000$ price level on BTC to meet EMA resistance on 4 hourly and we may see a push upwards on XRP to the 1.55$ price level.
- Essentially, most of the bullish move has been maxed out for now from the levels that we stated we would see supports in the market (or near enough).
- Bearish price action should take us to see the 43,975$ price level once again and even more so to the 0.80$ mark on XRP.
Current prices:
BTC - 54,557$
XRP - 1.41$
- Since our last post, we stated that support should be found for XRP at 0.90$ and support was actually found at 0.95$. On BTC, we stated that support should be found at 43,975$ and instead support was found at 47,000$.
- Double bottom formations had formed across the market and we are now at the ceiling of the structure. So technically speaking, this is where price should begin to drop again. Also, we are at previous price floors, which should now become price ceilings very easily.
- We may get a push upwards to the 56,000$ price level on BTC to meet EMA resistance on 4 hourly and we may see a push upwards on XRP to the 1.55$ price level.
- Essentially, most of the bullish move has been maxed out for now from the levels that we stated we would see supports in the market (or near enough).
- Bearish price action should take us to see the 43,975$ price level once again and even more so to the 0.80$ mark on XRP.
Current prices:
BTC - 54,557$
XRP - 1.41$
