XRP / TetherUS
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Bullish Butterfly Ascends a Channel w/Underlying Fib Levels

Here I have XRPUSDT on the Weekly Chart!

Beginning of March 2020, XRPUSDT hits its Lowest Low @ .1013
Beginning of April 2021, XRPUSDT hits its Highest High @ 1.9669
For context ~1,800% Increase in 1 Year

Taking the Fibonacci Retracement Tool, we can see that Price made a drop after the Higher High (Point A) to the 78.6% level (Point B), created a Lower Low at the 32.8% (Point C), then was rejected after descending to the 88.6% (Point D) and with this Price Action, formed a Bullish Harmonic Butterfly Pattern!!

Parameters:
X - B .786
A - C .382 / .886
B - D 1.618 / 2.618
X - D 1.27 / 1.618
(B/D and X/D Fall Short)

-Price is continuing to trade Above the 200 EMA

With the short-coming completion of this pattern, sprouts an Ascending Channel that Price now currently is traversing up!
-If Price can continue this upward path, I believe it will battle with the Overlying Resistance Zones that line up with these Fibonacci Levels!

1) .8139 - .9240
(61.8% - 55.9%)

2) 1.2542 - 1.5266
(38.2% - 23.6%)

*Caution to those who see the Ascending Channel break Bearish, because then Price Action could be a signal of a Double Top!
הערה
תמונת-בזק

Down on the 4Hr Chart, Price is forming a Triangle.

Higher Lows into Equal Highs; Bears being unable to continue pushing price lower!

-Massive Whale activity for XRP within the last 24 hours with 216 Million being moved!
tradingview.com/news/u_today:c34133b77094b:0-216-million-xrp-in-24-hours-what-s-happening/
הערה
תמונת-בזק

Price has declined down to the Rising Support where now we need to see if Support is still there for a 3rd test!
עסקה פעילה
תמונת-בזק

Couple things to point out:

- The Candle leading down to the Rising Support (-.00412 Close to Open) and the Bearish Volume generated
- Rejection Candle from Equal Highs (-.00346 Close to Open) with a similar amount of Bearish Volume

If Price Action were to truly give us a Valid Break, we should see Large Bearish Volume with the Candle leading to the Rising Support but roughly the same Bearish Volume occupies a Rejection Candle from Equal Highs with only a -.00066 price difference.

-This could be tells of a Potential False Break!

*Added XRP
עסקה פעילה
תמונת-בזק

Added with Support from the Previous Higher Low, Price finds Support at the Rising Support!
עסקה פעילה
תמונת-בזק

Price successfully found Support at the Rising Support and has given us a New Higher High above the Equal Highs!

*Price will now look to test the 200 EMA overhead

Added XRP
הערה
תמונת-בזק

After the massive rally to .75 cents, we see XRPUSD consolidate into a Wedge Pattern!

RSI showing price is running into Bearish Pressure.

Wait for a Bearish Break and Retest of the Rising Channel in the .60 - .63 cent range to accumulate more coins!
הערה
תמונת-בזק

Price has given us a Bullish Break of the Wedge followed by High Bullish Volume!

Waiting for a Retest of the Break of Rising Resistance around .75 cents!
הערה
תמונת-בזק

Price has made a successful Retest of the Rising Resistance @ .7558!!

Accumulating more Coins now!
הערה
תמונת-בזק

XRPUSD has been extremely bullish with the possible resignation of SEC Gary Gensler and winning the legal battles it's dealt with along with the Trump administration taking office.

A potential Retracement to 38.2% of the High could be the last time price will see under $1!!

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