Since breaking out of the Equilibrium bottom at 26.7, XRP sits at the important 25 Cents bottom yet again. The bulls have tried to regain the 26-27 zone 2 times now, and since they have rejected, we're now in a very nice slightly upward tilted Bear Flag on the Daily. The bulls have to clearly 1. see a bounce going on from the current bottom at 25, and 2. clearly break above the 26-27 zone in order to negate the Bear Flag.
The direction of the break will highly depend on grandpa BTC's price action at 10k which I've already analyzed today.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
The direction of the break will highly depend on grandpa BTC's price action at 10k which I've already analyzed today.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
