Let's be honest: It was a pretty tough spot for maxis and bag holders to let go in an area so close to surpass the downtrend line while getting spammed on twitter about how close a ruling in the court case might finally be.
If you managed to sell near or around top: congrats you got 25-30% in your favor now! Which will be just a live changer by itself because when xrp hits $100 after the judgement, thats gonna be a whole lotta stash! lmao!1
Lets take a look at the chart to get an update of where price is at:
- Failed to break down trend twice!
- Still following the weird h&s or whatever you wanna name it, that leads to $0.15/0.19 depending on price feed on a break down of the support
- Still following 3 (!) fractals like a playbook
- Most accurate one is the inversed and mirrored first leg of the whole down trend since high in '21 with a final target of even $0.11$ with possible double bottom of '20 low
- 2nd accurate one is the 2015-2017 correction that didnt even give a real trendline to surpass: leading to a final blow out with target $0.19
- That whatever h&s like thing split in 4 parts exactly following it
- Price on Poloniex is about to break down this (bear) flag.
- Price on Bittrex has already hit target zones, other exchanges might following
- Although EW sucks, lets look at the 2020 rally, its clearly 3 legged, so corrective wave B most likely, implying some wave C has to follow which will have to have at a min. 0.618 (up to 1.272/1.618) AB which will lead to...right: $0.23
- There was a full fib algo in 2014-2017 where correction has already violated 0.382 in 2019 usually indicating 0.618-0.886 will be visited too for last leg of correction. Plus all time uptrend has been lost?
So whats bullish with XRP one might ask? How about you tell me?
Looking forward to your CONSTRUCTIVE arguments and no shill timewaste comments
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
If you managed to sell near or around top: congrats you got 25-30% in your favor now! Which will be just a live changer by itself because when xrp hits $100 after the judgement, thats gonna be a whole lotta stash! lmao!1
Lets take a look at the chart to get an update of where price is at:
- Failed to break down trend twice!
- Still following the weird h&s or whatever you wanna name it, that leads to $0.15/0.19 depending on price feed on a break down of the support
- Still following 3 (!) fractals like a playbook
- Most accurate one is the inversed and mirrored first leg of the whole down trend since high in '21 with a final target of even $0.11$ with possible double bottom of '20 low
- 2nd accurate one is the 2015-2017 correction that didnt even give a real trendline to surpass: leading to a final blow out with target $0.19
- That whatever h&s like thing split in 4 parts exactly following it
- Price on Poloniex is about to break down this (bear) flag.
- Price on Bittrex has already hit target zones, other exchanges might following
- Although EW sucks, lets look at the 2020 rally, its clearly 3 legged, so corrective wave B most likely, implying some wave C has to follow which will have to have at a min. 0.618 (up to 1.272/1.618) AB which will lead to...right: $0.23
- There was a full fib algo in 2014-2017 where correction has already violated 0.382 in 2019 usually indicating 0.618-0.886 will be visited too for last leg of correction. Plus all time uptrend has been lost?
So whats bullish with XRP one might ask? How about you tell me?
Looking forward to your CONSTRUCTIVE arguments and no shill timewaste comments
---
If you like my content, if it helps you gain profit, give it a like!
Thanks!
---
Hold my beer pls
----
No financial advice, do your own research, don't be stupid
