Moemony
@t_Moemony
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Moemony
This chart is screaming I want to explode. Very low volume spike indicating accumulation at these levels. Especially at close to previous ATH. Price structure has been respected forming higher high and striving to make lowers not diverging from market structure at the price nears discovery area. The RSI sits at a medium range not close to overbought territory. Has developed a respected rectangle pattern with few retests on previous highs. A fib extension gives a return of a minimum $987, and it can break above that with the structure formation we have. It also sits well above the median yearly average. Until the structure changes bearish, I am long on this with risk to reward ratio, being higher on the upside.
Moemony
We can see a clear picture of #XRP forming a bull flag, it will stay and consolidate as traders take off of profit. Price will have a new accumulation zone prior to another leg up, its a matter of time it makes ATH. As the price is discovering new zone, a fib golden zone puts it at $ 5.6 and a bull flag to $10 for sure. The bears need to step in and invalidate the breakout that's to happen before their eyes and suppress the price from discovering in order to secure profit.
Moemony
A good setup of a rectangle breakout prepping itself. Waiting for a good long candle close for confirmation. A rejection gets it below with same target.
Moemony
BNB has consolidated for over a period of time. It has seen off as well. The market is open for another new ATH. It has tested several times looking for a breakout soon with a solid buy candle.
Moemony
You can't get better than anything at this level when it comes to Harmonic pattern, it is complete Deep Crab pattern at 1.618 extension which also sits at a critical support level if u were to look back in time. That is price action has been respecting the support zone at D for quite some time. RSI has been sitting oversold same as Stochastic RSI, they have bottomed out, MACD is slowly becoming positive. On a weekly perspective this is a good set up for a green week- of course only when BTC dumps things are otherwise.
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