XRP - Its almost time Long

XRP / U.S. dollarBitstamp

Description

⋅ Jun 17, 2021 11:43 AM

Question is, do we break to the up or downside?

Longer consolidation triangle, several touches on both sides.
Ribbons are narrowing, volume is declining.
Big move is comming soon, i'm expecting due the price action of bitcoin that we going to get a very bullish move to 1.10 and higher.

Comments

Mudrex

⋅ Jun 17, 2021 7:04 PM

i might not agree with you on this, various indicators are also showing a bearish trend in my analysis. Here is my analysis that, what do you think?

kenneths

⋅ Jun 17, 2021 3:21 PM

niiiiice- i sure hope so- i just entered at .849. a target of $1.10 is excellent. Thank you for the chart!

HODLER_OF_XRP

⋅ Jun 17, 2021 2:35 PM

Those kind of triangles, coming from the top will usually break out to the downside.

kenneths

⋅ Jun 17, 2021 3:22 PM

@HODLER_OF_XRP, why do you say usuaully? what determines that?