As promised! Here is my RSR chart! I worked on it a little while and checked it out at different hours. I decided decided to go with the 8 hr chart. I used Line HL/2 instead bar pattern instead of the normal HL bars I use which get clunky. This is my projection and lines up with a bunch of trendlines I have going.
Okay So pretty straight forward even though its messy! The green trendline I have has created a fairly large triangle. I set up the white support line on the 23rd. Looks like its on its way to be broken out of.
The MACD is literally about to have a bullish cross where the dollar sign is. This is a good thing... fo sho'.
The RSI is not quite reset yet as of posting this.
Im happy with this projection because it goes through march and lines up with some solid support lines I have going. Um, the XRP thing is happening... I feel in a couple months time we will hear some sort of verdict... Then the markets will react... probably wont be good(matches my projection). Then around March maybe clearer regulation will be out... probably will be worse than the verdict lol. But now as if out of nowhere june/july(complete guess lol) RSR arrives on coinbase... at .05 cents.... If you got this far lol let me know what you think below!
#NotFinancialAdvice I practice #DCA and TA as often as I can!
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