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LFalcon72
May 8, 2017 7:20 PM

XRP headed DOWN Short

XRP / Tether USDPoloniex

Description

I have indicated the long term trend lines beginning from the first big spike in April. As you can see, XRP just bounced off the resistance line and is headed back for the support line. Another thing to point is the strong similarity in price pattern between the spike we just experienced and the big spike we had in April. Following that pattern I believe it is safe to say we will see the price slowly go down over the course of this entire month until finally meeting the support line once again to then bounce back up. Let me know what you think about my prediction. Cheers!
Comments
pAulseperformance
Love it! Not to sure it will take another month for it to move again though. It's gained a lot of attraction; so this correction may be shorter lived. I'd love to see another squeeze like April though. That would be BEAUTIFUL.
LFalcon72
@Gammapips il see you at the top my friend ;)
hcolmenarescz

I would like to see it rise! But this interesting, you think that if BTc is approved the ETF drop several altcoins, including XRP, STR?
LFalcon72
@hcolmenarescz, yeah it will but not so much
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