$SOL Local Bottom FormingCRYPTOCAP:SOL closed the day back within the POI.
RSI oversold.
Should see a retest ~$136 to confirm the local bottom.
Localbottom
XRP cool off periodAlthough BITFINEX:XRPUSD showed some impressive gains latest month, it is clear we are approaching a cool off period now.
On the chart, its more than clear we have a major 24W cycle ruling the price movement of this crypto.
we have topped at the middle of this cycle at $0.55, but recent days confirmed we are approaching a local low, which may be quite dramatic and below $0.40. We should see the bottom around 28th Nov 2022. Stay safe!
Short-Term Bullish Rounding BottomWhat Is a Rounding Bottom?
A rounding bottom is a chart pattern used in technical analysis and is identified by a series of price movements that graphically form the shape of a "U". Rounding bottoms are found at the end of extended downward trends and signify a reversal in long-term price movements. This pattern's time frame can vary from several weeks to several months and is deemed by many traders as a rare occurrence. Ideally, volume and price will move in tandem, where volume confirms the price action.
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NFA/DYOR.
W local bottom for BITCOIN?Price action is looking weak but still holding 2017 ath support, this local bottom on the descending channel is compressing on the middle resistance.
Some factors to insider is that DXY is shooting to 2002 / 2003 levels and Bitcoin price is not dropping further, which led me to believe there is a chance for a relief rally for btc..
BTC local bottom looks like it's inExplained in text on chart. OBV update to come on the daily.
If BTC is to impulse up, it is this week. 29/11/21
Sacred Mathematics Predicted Resistance Levels Since 2013Fib Fans using an anchor point from the lows in 2013 to the top in 2017. Predicted the local bottoms and tops quite accurately. What will happen in the future? I think the .75 level will be critical in the year ahead.
