No hype. Only facts here. We have a pennant forming on the 4HR Chart. This whole year has been a more bearish then Leo Dicaprio getting mauled in "The Revenant." Until the weekly downtrend gets broken (with a close) I'm still bearish on XRP. I'm curios to see what direction we break too. I would love to see the down side because I do slightly favor it, especially if you go on the 4hr chart. We just had a double top for and broke to a newer low (with a close below) The massive spike about a day ago was a 61% retest of the swing high to low fib on the 4hr chart.
If this breaks to the downside I'm looking for a close around 45 cents, to consider it strong enough. For a breakout I'm looking for it to close at or bout 50 cents to enter.
I need to see a big volume surge on either break for confirmation.
I will update more once appropriate,
Let's see what price tells us.
Always open to hearing your thoughts!
I gotta upgrade my damn memebership so I can show multiple charts lol
(Looking for a head and shoulders completion to upside..there is one hidden in the pennant)
If this breaks to the downside I'm looking for a close around 45 cents, to consider it strong enough. For a breakout I'm looking for it to close at or bout 50 cents to enter.
I need to see a big volume surge on either break for confirmation.
I will update more once appropriate,
Let's see what price tells us.
Always open to hearing your thoughts!
I gotta upgrade my damn memebership so I can show multiple charts lol
(Looking for a head and shoulders completion to upside..there is one hidden in the pennant)