By looking at this chart, we can conclude that XRP has a repeating fibonacci pattern in which it consolidates, and inevitably goes vertical. The yellow fibonnaci box acts as an almost imbreakable resistance for a long while during bull runs, before eventually breaking after generally ~5 touches. The first time a daily candle closes above the yellow box, it has historically taken ~30 days for the price to reach the green fib box, which is the cycle peak.
I've drawn a potential scenario we could see using the 'Ghost Feed' tool. I am expecting us to get another touch on the bottom of our symmetrical triangle sometime in the future, likely after getting rejected another time on the yellow box, to then come up for the last time and close a daily candle above the yellow box, sending us towards the green box in a timespan of ~30 days. By looking at the apex of the symmetrical triangle we're able to dubiously speculate on a potential date of our journey to the green box, by comparing it to the 2017 events.
Though I don't like to analyse using symmetrical triangles, as they're often re-drawn, wrong, just don't play out. They're not reliable at all in my experience. So I'd rather look at fundamental events like the SEC case being won. Once this happens, we're likely getting that daily close above the yellow box. I estimate the SEC case to be won soon after the expert discovery ends on January 19th. Allowing judges some time, + taking into account the time needed to reach green box. I estimate XRP to peak in the green box between March and April of 2022.
Do with this analysis as you wish, not financial advice.
I've drawn a potential scenario we could see using the 'Ghost Feed' tool. I am expecting us to get another touch on the bottom of our symmetrical triangle sometime in the future, likely after getting rejected another time on the yellow box, to then come up for the last time and close a daily candle above the yellow box, sending us towards the green box in a timespan of ~30 days. By looking at the apex of the symmetrical triangle we're able to dubiously speculate on a potential date of our journey to the green box, by comparing it to the 2017 events.
Though I don't like to analyse using symmetrical triangles, as they're often re-drawn, wrong, just don't play out. They're not reliable at all in my experience. So I'd rather look at fundamental events like the SEC case being won. Once this happens, we're likely getting that daily close above the yellow box. I estimate the SEC case to be won soon after the expert discovery ends on January 19th. Allowing judges some time, + taking into account the time needed to reach green box. I estimate XRP to peak in the green box between March and April of 2022.
Do with this analysis as you wish, not financial advice.
The yellow fib levels are a crucial price area which you can derive a lot of information through.