Hello Traders and Investors, today I will take a look at XRP.
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Explanation of my video analysis:
In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly lining up with a horizontal structure, creating a confluence of support at the $0.48 level. If we do get bullish confirmation, a bullish rejection is very likely to happen.
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Keep your long term vision, Philip (BasicTrading)
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Ladies and gentlemen, XRP perfectly setting up as mentioned in the analysis😎
Just waiting for some bullish confirmation now...
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So far we are seeing exactly the move which I mentioned in the analysis.
Time for a move - target is either resistance or the mooooon...
Hit that "Like👍" button if you are also looking at XRP and the whole crypto space! Keep your long term vision.
SpartaBTC
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@basictradingtv, Long term scenario on XRP , yes, it is quite possible to exit from this triangle to 4-6-9 dollars in November-December. Provided there is no break of it in a bearish direction.
MyCryptoParadise_Simon
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Fascinating analysis! That triangle formation from 2017 was legendary. Excited to see if the current pattern mirrors that success.
Looks great, love the analysis. One thing though, I think you need to adjust that upper trend line a bit so it touches three wicks (confirmation of trend)
basictradingtv
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@jake93854, you are absolutely right - I drew it not perfectly...