Please understand the stochastic RSI especially on higher TFs is a great indicator. Everytime its hit 0 it pumps to 100.
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Gold was Breaking the middle structure of Flate movement, which i put a mark ( bar + volume ) as a watch base. From here we can see last night news drop the gold price, as much as i know afther a big news like this the price will reset or recover at average 50% of that move.
As we wrap up the work week (February 14th) we have seen some recent progress upward for XRP. This week, XRP experienced a mix of significant events and market movements. Price Fluctuations : XRP's price dropped by 22% this week, with technical indicators showing both bearish pressure and signs of potential stabilization. The Relative Strength Index (RSI) suggests growing buying interest, indicating a possible shift in momentum. Despite the overall drop, XRP experienced a significant price movement, gaining approximately 42% from the low of the week to the high today. For a while, XRP had remained in a consolidation phase between USD $1.78 support and $2.48 resistance. Today we saw some progress with XRP briefly touching $2.83, which was a welcoming sight. Whale Activity : There was a surge in whale activity, which then stabilized. This indicates a consolidation phase that could signal either renewed confidence or profit-taking among large holders. This whale activity might be large Financial Institutions trying to remove the retail traders from the picture while securing more XRP at a major discount. Regulatory Developments : The US Securities and Exchange Commission (SEC) acknowledged Grayscale’s XRP Trust 19b-4 filing, suggesting potential spot XRP ETF approval. This development sparked renewed interest from market participants. Market Resilience : Despite market volatility, XRP showed steady growth, driven by policy announcements and the SEC’s decision on Grayscale’s XRP ETF application. Analysts remain optimistic about its future trajectory. Institutional Adoption : Increased institutional interest and trading volume were observed, with XRP briefly reaching a price of $2.83 amid these developments. Overall, XRP has shown resilience amid market volatility, with significant regulatory and institutional developments shaping its trajectory. Trading Volume : This week, XRP's trading volume saw significant activity. Over the past 24 hours alone, XRP's trading volume surged by an impressive 24%, amounting to over $5.48 billion in transactions. This increase in activity highlights growing interest among market participants and reflects heightened user engagement. Forecast: It appears that USD $2.31 is stabilizing as the new base with a potential support level of $1.81. On the upper side, the first area of resistance is firming up around $3.20 with an upper resistance of $4.34.
Toggle the "L" log function in the bottom right of the scale to see how sometimes things may come alive or be explained by rearranging how you graph something, scale wise. Next idea will be the candle version of this and and the lines that should be taken as a tale of caution or line of worry.
XRP needs to close above the 0.5 fib and trendline before 8pm est. If it doesn't then the 0.382 comes into play
Going into next week, I am looking for a consolidation/layering into the middle of the range and into 44,500. If price sets up, I will look for the Long back up. In my opinion, I believe price to not return back under February's open, notated in orange. Price should stay above the middle of the range if it will break out bullish. https://www.tradingview.com/x/rsowB68T/ After the break bullish, I will then expect price to layer into 45,000 as support. But I won't get ahead of myself just yet. Need to wait until we get to that point. https://www.tradingview.com/x/dVFC982l/ Using the monthly chart as a visualization, this month should end on a strong note. https://www.tradingview.com/x/8Z0cTPjp/
? LONG BYBIT:TONUSDT.P from $3.8920 ? Stop Loss: $3.8525 ⏱️ 1H Timeframe ✅ Overview: ➡️ BYBIT:TONUSDT.P is testing $3.8880 resistance, and a breakout could lead to further upside. ➡️ Price remains above POC $3.81, confirming strong buyer interest. ➡️ Rising volume supports the potential bullish move. ⚡️ Plan: ➡️ Bullish confirmation requires a strong close above $3.8920. ➡️ If price slows down at $3.9400, partial profit-taking is recommended. ➡️ A drop below $3.8525 invalidates the setup. ? Take Profit: ? TP1: $3.9400 – first profit-taking zone. ? TP2: $3.9800 – final upside target. ? BYBIT:TONUSDT.P Holding above $3.8920 opens the door for further gains. Watch volume closely – if it weakens, price may consolidate. ? Partial profit-taking recommended at $3.9400. ? If price drops below $3.8525, the setup is invalidated ? BYBIT:TONUSDT.P is testing resistance – expecting a breakout!
I see 0.018 back in the picture possibly. At least 0.20 again. There's a breakdown in positive outlook. So I'm just using the tools. What this is telling me is momentum has died and is having a hard time regrouping. Why hence another short drop before take off.
Bitcoin is forming a bearish pattern on shorter timeframes. This analysis is based on a one-hour timeframe, meaning it has a maximum of 24 hours to be effective; otherwise, it will be considered invalid. Stay updated and follow me for more information.