Hi every one ,this is xuanhaimmoer again and this time I will reveal a chart for Ripple (XRP/BTC)
We all see that XRP is nearly the only Top Alt coin has strong bull when market is terrible. It can happen because of news or others passive aspects.
XRP pump over nearly 200% in just 4 days and dump with big red volume.
After suddenly dump we have small pull back but bull can not win bear in market. And now we are nearly side way with bear flag pattern as this last chart
But this time I will consider about 2 way that can happen and give all you general viewpoint in this market if any of them will occur.
I hope that we can come to “ Important point C “ - 7865 satoshi for this short term bull
From this zone we have 2 way is up or down.
If the price break up 7865 and close above this zone for 1 and 2 days candle so we will come to Target D1 - 13607 satoshi (as ABCD pattern)
If the price can not break up 7865 and down back so we have 2 target is D2 ( 4543 satoshi ) and lower target D3 ( 2392 satoshi ) - ABCD pattern. When price come here it will have bounce 50% as Fibonacci like the chart.
Thank all you for reading and this is my current vision for XRP in next time, I will update as soon as XRP has new movement.
Leave a LIKE if you feel it interesting !
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