Pretty please with sugar on top click the like! LOL!
Ideally $0.43 cents will hold, but ultimately above $0.40 cents would suffice! I've included a triangle where price currently resides, but keep in mind, this is NOT a triangle pattern, it's just an area that I would like price to maintain
in order to keep challenging the Upper channel line of the Big Bear Channel... sooner or later price will break thru! Who knows?
I've market the bottoms as 1-2, and the turning point as 1-2 as well, which includes the 2017 Bear market bottom. This is nothing more than identifying a pattern, which could be NOTHING, but I thought it was interesting to note especially since many are looking for much lower prices. At the moment, I'm a contrarian to this idea, since markets have a way of deteriorating the sentiment, and emotionally we become conditioned to the idea that price needs to go lower as it seems almost expected! That's when it often times does the opposite!
Bottom line: XRP needs to keep pounding on that upper channel line... period!
Cheers!
Ideally $0.43 cents will hold, but ultimately above $0.40 cents would suffice! I've included a triangle where price currently resides, but keep in mind, this is NOT a triangle pattern, it's just an area that I would like price to maintain
in order to keep challenging the Upper channel line of the Big Bear Channel... sooner or later price will break thru! Who knows?
I've market the bottoms as 1-2, and the turning point as 1-2 as well, which includes the 2017 Bear market bottom. This is nothing more than identifying a pattern, which could be NOTHING, but I thought it was interesting to note especially since many are looking for much lower prices. At the moment, I'm a contrarian to this idea, since markets have a way of deteriorating the sentiment, and emotionally we become conditioned to the idea that price needs to go lower as it seems almost expected! That's when it often times does the opposite!
Bottom line: XRP needs to keep pounding on that upper channel line... period!
Cheers!
Comment:
Thanks to everyone that clicked the like! I believe it's a new high for me!