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XRPBTC weekly chart broke a major downtrend started on the last week of Dec2017.
My reasoning is as follow:
We could consider the last Dec2017 bull run as just an upward correction that fail to break the 18900sat, label point 2 on the chart.
Then, now we have formed a 1,2,3 bottom formation on the weekly chart XRPBTC. We witnessed the most powerful candlestick since December 2017 that just broke the aggressively downtrend we been seeing throughout the bear market. A good sign for XRPBTC: But a follow though is needed.
XRPBTC could challenge the 18900sat and form a TRIPLE TOP, at least? 18900sat at current btcusd price would put xrpusd at 1.26
Looking at the weekly chart, XRPBTC has never been on a bull run since May 2017. All the gain we experienced in December 2017 was just a correction from a downtrend.
On the weekly chart, from May 2017 to October 2018 is equivalent to 17month of correction for XRPBTC.
It is all probability, nothing is guaranteed.
Let know what you think down below.
XRPBTC weekly chart broke a major downtrend started on the last week of Dec2017.
My reasoning is as follow:
We could consider the last Dec2017 bull run as just an upward correction that fail to break the 18900sat, label point 2 on the chart.
Then, now we have formed a 1,2,3 bottom formation on the weekly chart XRPBTC. We witnessed the most powerful candlestick since December 2017 that just broke the aggressively downtrend we been seeing throughout the bear market. A good sign for XRPBTC: But a follow though is needed.
XRPBTC could challenge the 18900sat and form a TRIPLE TOP, at least? 18900sat at current btcusd price would put xrpusd at 1.26
Looking at the weekly chart, XRPBTC has never been on a bull run since May 2017. All the gain we experienced in December 2017 was just a correction from a downtrend.
On the weekly chart, from May 2017 to October 2018 is equivalent to 17month of correction for XRPBTC.
It is all probability, nothing is guaranteed.
Let know what you think down below.