Christiantrading13

Christiantrading13

1. Current Setup • Price is at $2.81, trending downward from the $3.60 peak. • A descending triangle pattern is forming → bearish continuation signal. • Price is under the 30 SMA, showing sellers in control. • RSI ~42 → neutral-to-bearish, no oversold condition yet, so there’s room to fall further. ⸻ 2. Key Levels • Immediate support: $2.70 – price has...

Christiantrading13

1. Support Zone Holding • Price is respecting the $2.80 – $2.85 support zone (highlighted in blue). • Multiple bounces from this area show strong buyer defense, which increases the likelihood of a reversal if volume enters. ⸻ 2. Descending Triangle Breakout Setup • The chart shows a descending resistance line (blue diagonal). • Price is pressing against this...

Christiantrading13

Structure resembles a falling wedge, a bullish reversal pattern, often aligning with divergence . If divergence plays out, BTC could test $117K–$120K in the coming days. Holding above $112K–$115K with divergence confirmation may spark a run toward $125K–$128K towards price discovery and will bring the whole market up. Bullish September 🚀

Christiantrading13

XRP 95-Day Bearish Case (Target $2.45) 1. Current Setup (Day 0 – Now at $2.97) • Struggling under the $3.00–$3.05 resistance zone. • RSI downtrend → loss of bullish momentum. • 50 SMA flattening → sideways/downward bias. • Lower highs forming → sellers remain in control. ⸻ 2. Short-Term (0–30 days → into late September) • Likely rejection at $3.00 →...

Christiantrading13

Price Action: The current price (3.0435) is within a consolidation range, with a recent upward movement. The chart shows a potential resistance zone around 3.0435–3.24, where previous highs were tested, and a support level near 3.031, aligning with the 50-period Simple Moving Average (SMA 50) close. Bullish 🚀

Christiantrading13

🔎 Chart Observations 1. Current Price: $3.07 2. Pattern: symmetrical triangle (consolidation before a breakout.) 3. Support: Around $2.98- $3.00 4. Resistance: Descending trendline near $3.20 – $3.33 5. Projected Move: Orange arrow shows breakout toward all time highs and reaching $4.20–$4.40 for the first wave 🌊 Bullish elephant bar 🐘 🚀

Christiantrading13

🔎 Technical Analysis 1. Price Action • XRP is currently around $2.85–2.86. • There’s a visible descending trendline showing lower highs, but price is consolidating sideways near horizontal support (~$2.85). 2. Support & Resistance • Strong support: around $2.80–2.85 (tested multiple times). • Immediate resistance: around $2.90–2.95, where the descending...

Christiantrading13

🔎 Current Market Context is Bullish 🐂 • Price: ~$2.92 (as shown on your chart). • Trend: Currently retracing after a sharp run-up, consolidating near support. • Support Zone: Around $2.70- $2.80. • 50-day SMA: Sloping upward, acting as dynamic support. • RSI (7 close): Looks like it’s cooling off from an overbought region. 📉 Short-Term (next 10–15...