Aksel_Rom

Hey Trader! This is a quick update, as it builds on one of my recent analysis. As I have illustrated, XRP is moving within strong resistance levels, where there is a lot of liquidity from the recent triangle formation. XRP is charging up the momentum to break these levels and head for the ≈$3 fib. target!Alternatively XRP has to pull back to a support level before going up.I am generally positive about the future for XRP.I wish you a pleasant day!

Hey Trader!Cardano is trading within a descending channel, presenting a clear structure of lower highs and lower lows. While this pattern often leans bearish, there are signs of buyer activity, as evidenced by the repeated bounces off the lower trendline. This suggests that the market is at a pivotal moment, with the potential for a significant move in either direction.The key resistance to watch is at $1.3269. If ADA manages to break above this level and exit the descending channel with strong volume, it could signal the start of a bullish rally, potentially driving the price toward levels above $1.40. Conversely, if the price fails to hold the current support at $1.0576, a deeper drop toward $1.0378 could materialize, shifting the momentum decisively in favor of the bears.The RSI indicator remains neutral, suggesting that the market is in a consolidation phase and building momentum for a breakout. Volume will be crucial in confirming the direction of the next move. With buyers stepping in to defend support and sellers maintaining pressure at resistance, this setup is nearing a critical decision point.Stay alert for how ADA reacts around these levels—it could define the next major trend. What’s your take on ADA? Will it break upward or continue downward? Let me know in the comments!

Hey Traders!Cardano (ADA/USDT) is showing an exciting setup as it forms a symmetrical triangle, signaling that the market is consolidating and preparing for a potential breakout. Based on the current price action, there is a clear bullish bias, but we can’t ignore the possibility of a bearish breakdown.The price has been respecting the rising support line, currently holding at $1.0489, while resistance stands firm at $1.3269. If the price breaks above this resistance level with strong volume, it could trigger a bullish rally toward the Fibonacci target at $1.7080, offering a promising opportunity for buyers.However, there’s always risk in these setups. If the price loses momentum and breaks below $1.0489, the bullish scenario would be invalidated, and ADA might drop toward the lower support at $0.9408, marking a bearish turn.This pattern is a classic decision point. A breakout above resistance signals strength, while a breakdown below support could lead to a deeper retracement. Watch the volume closely for confirmation as we approach the apex of the triangle.What do you think, traders? Will ADA break out to the upside or slide lower? Let me know your thoughts in the comments below!

Hey Traders!The XRP/USDT chart is forming a symmetrical triangle, signaling a period of consolidation before a potential breakout. Based on the current price action, the setup leans bullish, but there’s still a risk of a bearish breakdown that traders should keep an eye on.The bullish case is supported by the fact that the triangle follows a strong upward trend, often a sign of continuation to the upside. Additionally, the price has been respecting higher lows, with solid support levels at $2.2500 and $2.2023, suggesting consistent buying pressure. If the price manages to break above the key resistance at $2.8743, it could pave the way for a move toward the all-time high at $2.9075.However, there’s a bearish risk to consider. If the price breaks below the lower support at $2.2023, it could trigger a downward move targeting the next support zone around $1.9629, as indicated by the shaded region on the chart. A breakdown with high volume would confirm a bearish shift in momentum.For now, the market is at a crossroads. Traders should watch for a breakout above resistance or a breakdown below support before taking action. Managing risk is key—placing stop-losses below $2.2023 can help protect against downside moves, while an entry on a confirmed breakout above resistance could capture the next leg up.What’s your take on this setup? Are you leaning bullish or bearish? Let me know your thoughts! 🚀

Hey Trader!Is now the right time to buy some XRP? Let’s take a closer look.XRP/USDT - Symmetrical Triangle Suggests a Breakout Is ComingXRP/USDT is currently consolidating within a symmetrical triangle on the 1-hour chart—a classic pattern that reflects market indecision and often signals an impending breakout. The price is trading between critical support at $1.29 and resistance at $1.54, with a broader resistance level at $1.64, representing a recent high. This phase of consolidation suggests the market is gearing up for a decisive move, either up or down.The Relative Strength Index (RSI) is currently at 36.96, indicating bearish momentum but approaching oversold territory. If the RSI dips below 30, it could signal that sellers are losing strength, increasing the likelihood of a rebound. However, for a stronger bullish case, the RSI would need to rise above 50, as bearish sentiment still dominates for now.From a technical standpoint, a bullish breakout would occur if the price pushes above the triangle’s upper boundary and clears the $1.54 resistance. This could pave the way for a move toward $1.64 or higher. Conversely, a bearish breakdown below the $1.29 support would confirm sellers' dominance, potentially triggering a drop to lower levels.This symmetrical triangle highlights a period of consolidation and mounting tension, with a breakout imminent. Traders should pay close attention to the direction of the breakout to position themselves accordingly.Will the bulls regain control and push XRP higher, or will the bears take the upper hand? Stay tuned—this is a setup you don’t want to miss! 🚀📉