I've inverted the scale to give a different perspective, in the chart, the inverted scale gives a very bullish flag pattern, we have volume calming down and are almost at the apex of the flag. It could go against us and the price could rise but this flag looks like we're in for a nice correction to the down side (up in chart). Two targets listed.
Trade safe out there!
A like is a small gesture that means a great deal, if you got any value from this chart, please give me a like to let me know!
This is not financial advice, do you own due diligence!
my two cents are you wedge is invalid; you're cherry picking the outline for your wedge, taking into account the wicks in some cases and ignoring them in the cases that make your wedge invalid. Can't say i'd be bullish on this either, but i don't see another drop any more, the bear flag, and the wedge even in my analysis were invalidated over the past days' candles.
good luck :)
lolimssulose
⋅
@zerpcapital, thanks for the reply, the placement of the outline is not cemented in stone, it was drawn as a general shape. I personally don't agree that wicks moving outside a shape invalidates it but to each their own. I guess we'll find out soon enough. Cheers!
transparent-fx
⋅
here is the overall situation on xrpusd in my opinion
jhypark
⋅
oh...
VincePrince
⋅
Good job
lolimssulose
⋅
@VincePrince, I like your analysis, very through! Thanks for checking out my idea.
good luck :)