A massive XRP breakout is about to happen. Expecting this will happen next week. Price stays at resistance, meaning that the sellers are being absorbed.
A move under 2901 will invalidate this idea.
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The price is moving inside the descending channel. Currently the asset is re-testing the 3rd time. Taking into account the overall bearish mood of the market, I expect to see another leg down before the price will reversal upwards.
Therefore, we have two good entry points: close to the major support at 2775 sats and after breakout of the descending channel....
Forming Falling Wedge Pattern in Daily TF But I'm Expecting Another Lower low Before Breakout..!!
Looks Like Triple Bottom as Well in Lower Timeframe..(Bullish Sign)
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Price has fallen to an important level (4020 sats) where I am expecting an impulsive bounce.
Here we have: previous support, fib confluence, a harmonic ab=cd move and bullish divergence on RSI.
Long term I am bullish XRP !!!
Seems XRP/BTC is setting up for a move upwards. Past week the big support broke around 3050, but instead of a big drop a bullish wedge has been formed. This is usually a sign that a bear trap is being set. Since the first push up has partially failed already, there is some danger, but there is still a second chance. Ideally we see one more small drop in to that...
Good evening traders!
I know... I know... I know... the chart is ugly. I apologize.
Also... It's XRP.
The ultimate, centralized shitcoin.
The key thing to remember is that we are traders. The fundamentals of a project are irrelevant to our technical analysis.
Wasa... wasa... wassssup!
We always trust our charts and look for patterns to repeat. In this...
Hey traders, today we're taking a step back from hourly candles and we're looking at the 3 day time-frame on XRP/BTC.
In May 2017 we saw a 900% increase in 21 days
In December 2017 we saw a 1440% increase in 23 days
Now if you look at the chart we've been accumulating for just about 2 years. We look ready to pop off with an altcoin season in december-jan.