********** XRP EMERGENCY ANNOUNCEMENT on TECH ANALYSIS *********
On a very careful speculation of XRP/USDT chart for the past several days and weeks, I am hereby posting a tech analysis exclusively based on Elliot Wave alongwith VOLUME and retracement characteristics from wave to wave.
Formation of 'SPIKE' is not a healthy sign in real investment or trading environment when considering about putting more sid money into, in case bull market is estimated with FALSE ANALYSIS.
I have seen lots of posters in a rush to get the chart go up to $1.0 mark and on, however I hope this chart analysis will help throw some light in realizing the current market stance right before the reversal of trend sets direction to follow in upcoming days.
Orange lines are just the critical trade date set for my own reference, you may disregard.
HAVE A CAREFUL LOOK AT TRIANGLE CORRECTION AND WAVE LABELING OF MY CHART and the OTHERS. YOU ALWAYS WANT TO PICTURE IN YOUR BRAIN OF WHAT YOU WANT TO SEE AND EARN. THINK THE OPPOSITE.
Formation of 'SPIKE' is not a healthy sign in real investment or trading environment when considering about putting more sid money into, in case bull market is estimated with FALSE ANALYSIS.
I have seen lots of posters in a rush to get the chart go up to $1.0 mark and on, however I hope this chart analysis will help throw some light in realizing the current market stance right before the reversal of trend sets direction to follow in upcoming days.
Orange lines are just the critical trade date set for my own reference, you may disregard.
HAVE A CAREFUL LOOK AT TRIANGLE CORRECTION AND WAVE LABELING OF MY CHART and the OTHERS. YOU ALWAYS WANT TO PICTURE IN YOUR BRAIN OF WHAT YOU WANT TO SEE AND EARN. THINK THE OPPOSITE.
Comment:
I THINK OTHER POSTERS ALREADY CLEARLY MENTION ABOUT VOLUME AND HOW THE ASSOCIATED INDICATORS LOOK LIKE NOW. NO NEED TO MENTION TWICE HERE.
Comment:
PRICE CAN GO MUCH BELOW $0.2 BUT THIS IS ON THE LONG RUN. WE NEED CORRECTION TO BRING DOWN THE PRICE NOT IN ONE SHOT BUT FOR PROLONGED PERIOD OF TIME. COULD BE NEXT YEAR 2021 JULY WHEN THE LOWEST PRICE WILL TRIGGER ACCUMULATION OF XRP FOR BULL RUN.