After the panic there are still a lot of bullish signs.
There is allways a lot of fomo and fear ( Volatility ) in this speculative market witch result in exciting highs and scary lows ecspecially in xrp. Dont be blinded by this.
We see a similar pattern as we did in 2017 witch resulted in some bullish movement.
Reverse Head & Shoulders patern.
Rsi is on the Trendline
Stoch RSi is almost crossing and is possibly forming a cup&handle here.
Bollingerband are narrowing and forming the same patern as we saw in the other bullruns
In corrections we allways see a lot of predictions that are basicly wrong 9/10. We heard 5 dollar the most in my opinion. So a close lower target is most likely.
Whales allways implant the idea of a target in people's minds by media. Thats the biggest bulltrap in the market. 5 dollar/10 dollar/100 dollar. You all heard and see it. Dont fall for it.
We are expecting a target to be around 4 dollar.
The first bullrun did about 10.000%, Second around 2000% ( /5 ) so we are expecting a 400% ( /5 ) Rise in the next bullrun.
Bullruns are allways impossible to predict so set your targets wisely.
There is allways a lot of fomo and fear ( Volatility ) in this speculative market witch result in exciting highs and scary lows ecspecially in xrp. Dont be blinded by this.
We see a similar pattern as we did in 2017 witch resulted in some bullish movement.
Reverse Head & Shoulders patern.
Rsi is on the Trendline
Stoch RSi is almost crossing and is possibly forming a cup&handle here.
Bollingerband are narrowing and forming the same patern as we saw in the other bullruns
In corrections we allways see a lot of predictions that are basicly wrong 9/10. We heard 5 dollar the most in my opinion. So a close lower target is most likely.
Whales allways implant the idea of a target in people's minds by media. Thats the biggest bulltrap in the market. 5 dollar/10 dollar/100 dollar. You all heard and see it. Dont fall for it.
We are expecting a target to be around 4 dollar.
The first bullrun did about 10.000%, Second around 2000% ( /5 ) so we are expecting a 400% ( /5 ) Rise in the next bullrun.
Bullruns are allways impossible to predict so set your targets wisely.
Comment:
As we see the last drop was just a test of the lower bollinger bands channel. Nothing to worry about yet :)
Comment:
I guess the chart diddnt really come trough properly. For a clearer image :