A lot of problems in crypto market happened in the past days.In our opinion XRP paid the biggest fee of the fast bearish correction due to fake coinbase news, which increased price of the XRP rapidly. But then crypto market fell by 100B in 4days! Today, bulls pushing up the price a bit. Theres a big chance this trend will be continuing as it was after the correction on Tuesday 2018-02-06.
If our analysis helped you and you like keeping the analysis simple and you are rebel, who still didn't give us like, then give us a follow. For every follow, we will buy 2 litres of water for kids with flat feet in South Sudan. Just kidding.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
@Sikandarrazzaq, Its pointed in the analysis chart, also in the description. Im interested in trend analysis, and taking advantage of historical data.
Sikandarrazzaq
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I understand that but I don't see any evidence or confirmation signals to suggest an upward channel is coming. Sorry I just want to know because I am really confused on XRP.
RRcrypto
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@Sikandarrazzaq, No one knows what will be happening. It’s just our opinion. In this analysis it’s based on the trend lines and historical data, we trying to keep our analysis as simple as possible. If you look closer at the chart, it seems we are out from the bearishness because price crossed resistance of bearish flag pattern from the past days, so we could expect increase of the price in the next days, but how it will be marching? Here we took the advantage of historical data of increasing trend from the 2018-02-06