Hi friends! I hope you're all enjoying this beautiful new era in price appreciation for crypto. Looking at the 4 hour chart for XRP, you can see that after it rallied 248%, it has basically formed a bullish consolidation. Analyzing the consolidation, you can see that XRP has printed a bullish falling wedge (in blue.) Additionally, XRP has broken out above the upper resistance of the falling wedge, and has also held it as support. So, this is evidence that the consolidation could be nearing an end, and that XRP will likely return to the upside.
Now, if we flipped over to a daily chart, this entire pattern would be easily identifiable as a bull flag. However, it isn't just ANY bull flag — no — this is a gargantuan, 250% bear slaying rocket flag. If the flag plays out to the upside (as we know not 100% of all bull flags do) the target is at 1.20. That's 100% higher than where we are now. Not only do I think it's possible, I think it's inevitable. Bitcoin has clearly demonstrated where this market is heading, and it's much much higher. Even, if we consolidate, pull back, do a backflip, whatever, the stage is set. This is what we've been waiting for. To everyone who has followed me over the past few years, I love you. Now let's get what we've earned!
I'm The Master of The Charts, The Professor, The Legend, The King, and I go by the name of Magic! Au revoir.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
@shibbby, Yeah, daily chart looks a bit early and 0.26 seems plausible but 4H and 6H is almost bottomed out (RSI 15) so i will try to catch some XRP at 0.32
shibbby
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@verdone, It's 3 days into a trend that he states what the current trend is. Usually that's about the apex where it starts going the other way. Personally when I saw bitcoin fall after almost hitting 20k I bought the dip on ripple thinking bitcoin was due to hit the 20k mark which means the alt coins will go up probably a lot. This moment I'm thinking it's time for bitcoin to retest the low because it has already proved it can beat it's record high and it always reverses eventually. Anyways I don't buy or hold at high numbers anymore. Learned that lesson the hard way.
evgeniilu
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@shibbby, Gosh. The real truth is that you can't know what 'high' number is. It can go both direction and you won't be able to predict whether 20k today is high because tomorrow it can reach 50k. It is bitcoin we are talking about
shibbby
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@evgeniilu, xrp eth ltc and bch are predictably mimicking bitcoin at the moment so if I see bitcoin go up a few hundred I jump in those and been making on avg 30% a trade. Caught a little on grt while it was moving 150% to 300% a day and looking at what I got lucky and made I wouldn't had made anything off bitcoin or xrp alone.