Hey, I am back with another Technical Analysis, this time looking at Ripple/XRP.
Quick and straight to the point.
Which has looked like an accumulation, has turned into a rounding bottom.
Ripple has seen a good volume move, which I didnt expect this early to happen, I expected a longer accumulation but still, move was significant and broke through 10,000 sats easily.
Moves like these are hard to sustain, this one failed after Ripple has shown a rising wedge, which is a bearish patern, and broke below 10,000 sats.
Currently Ripple is in a Falling wedge, which is a bullish pattern, and is getting ready for another push up!
Would you like more familiar Technical Analyzes?
Let me know in the comments or simply just by hitting that "agree button".
Thanks for your time and good luck trading.
Quick and straight to the point.
Which has looked like an accumulation, has turned into a rounding bottom.
Ripple has seen a good volume move, which I didnt expect this early to happen, I expected a longer accumulation but still, move was significant and broke through 10,000 sats easily.
Moves like these are hard to sustain, this one failed after Ripple has shown a rising wedge, which is a bearish patern, and broke below 10,000 sats.
Currently Ripple is in a Falling wedge, which is a bullish pattern, and is getting ready for another push up!
Would you like more familiar Technical Analyzes?
Let me know in the comments or simply just by hitting that "agree button".
Thanks for your time and good luck trading.
Comment:
Looks still great!
Comment:
Last two candles show some bullishness, this is what Ripple likes to do sharp leg down and immediately up, dont get tricked easily.