We've not seen modest sized weekly candles on Ripple being squeezed this tight since 2016!! Big move incoming relatively soon. It doesn't mean buy now, it means to watch it closely, set alerts and take an interest. If crypto pulls back over the next 2-3 weeks Ripple may give up a little more giving a really nice entry point towards the bottom of the Bollinger...
Hello Lads and Ladies,
Welcome back to TJ's Trade Corner! Today, we will take a deeper look at XRP and what it might have in store for us.
Lets jump right into and look at the structure that we are seing right now. We are clerly seeing a rising support or what you would call a series of higher lows. This is indicating us already an important part of an uptrend....
XRP had attempted to break out of the big resistance of the triangle but it failed and has retraced in the process, so we could say that XRP is dead lately, already broke that blue curved line, without even a fight, but looks like someone is holding the price at 0.3, so I´ll extracareful with my short. So far I´m out of the market waiting a real breakout to enter,...
All the bad stuff that couldve happened 2 xrpee, has maxed out imo.
Were seeing constant butchering of sat value.
The only way xrpiss is maintaining its value is thanks to the rise of bitcoin, thats elevating the $ value of this asset(liability),
So My call is - Long now, its now or never for Schwarz.
My Average entry is higher than the market price.
Bulls showed strength today as you can see by the volume and as well as the candle currently forming in the daily with no lower wick, demonstrating bulls controlled the day from the very beginning (We can call this a bullish belt hold in my opinion)
Possible bull flag formation.
What is a descending triangle? The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns, but just that´s not the case.
Will truth win?
The XRP "system" has no value and does not belong on a blockchain.
Targets as shown on chart. Daily, longer term.
And if you paid attention, you may have noticed i even marked out a negative price.
That's right, if anything, they should pay people to use their inefficient, useless fake blockchain system.
NOTE: This is just analysis/advice, do not FOLLOW this trade blindly - I take no responsibility for it...
As drawn there has been a bearish descending triangle that has formed on the 4H and 1D time frames.
Sorry for the late delayed post, the price has reached the first price target (I accidentally forgot to post this when I first identified this setup!). and...
ENTRY 1: 0.33912
ENTRY 2: 0.33947
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