
Krokzi
@t_Krokzi
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Krokzi

Notice how Bitcoin breaks below previous lows (circled) and then gets back above them?I like that.What I don’t like is that each time it bounces, it fails to surpass previous highs since March 2024.It has attempted twice and failed both times. This indicates weakness.From a psychological point of view, the market could be trapping longs here, given the history of bouncing once previous lows are swept.Target:I never liked this crypto shit anyway.

Krokzi

Ethereum on the 3hr possibly stops taken (in circle) and is ready for the next leg up.

Krokzi

Krokzi


Krokzi

Stacks could be forming a bull flag. a technical chart pattern that indicates a potential continuation of an uptrend.Bulls managed to bounce off the ~$1.25 zone, previously respected by both buyers and sellers.Now in a tight spot, facing diagonal resistance, potentially being a key zone to break out of a bull flag.When prices a tightly compressed, a breakout is often more powerful.A successful breakout could test the March highs of the ~$3.7 zone.

Krokzi

Although Bitcoin bears managed to set a new low a couple of weeks ago, Ethereum bears failed to do so and instead bounced off horizontal support which suggest it is maintaining its value better than Bitcoin.With Ethereum now back above the 200 EMA (in orange) on the daily chart and holding above the mid range, there is a good probability that the key $4,000 zone will be tested again.If Ethereum breaks through $4,000, the bulls could potentially push the price to the $5,555 zone.Let’s not forget that the #Ethereum ETF is launching soon, which supports a bullish scenario.

Krokzi

I don’t know what’s going on behind closed doors at the Ripple office, but the chart certainly looks interesting.Looking at the daily chart, we can see the price action is approaching a 36 (3+6=9) month old horizontal resistance/support zone.“If you only knew the magnificence of the 3, 6, and 9, then you would have the key to the universe.” Nikola Tesla.Going back to July 2023, we see the market exploded past key resistance, resulting in a ~97% gain in a single day. This indicates the market is closely watching that level.There is also a successful break of a 4 month diagonal resistance, building up momentum.On top of that, XRP could be coming out of an accumulation phase that lasted approx 800 days. ( 800 Days in crypto is 8000 days in normal life)Let’s not forget that XRP is an ISO20022 compliant cryptocurrency.Additionally, Ripple is listed on almost every existing exchange, making it accessible to buy for anyone on the planet and possibly beyond.Moreover, CNBC's Fast Money streamed how to buy Ripple at $2.57 back in January 2018. With XRP currently trading at approx a 75% discount since then, it would need to pump by approx 370% to return to that level.Overall, should XRP break the key level of ~$0.55, the next key zone would be ~$1.3.
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