Hello Traders Investors And Community,
Welcome to this analysis about XRPUSD, we are looking at the 4-hour timeframe perspective, the recent events, the established formational structure, and what we can expect in the upcoming times. XRPUSD the last times is one of the more volatile pairs within the market as it moved strongly to the down as well as to the...
Hows your bags?
From my previous analysis, was sharing about HARMONIC PATTERN.
As we can see the chart looking bullish, up trending in ASCENDING TRIANGLE.
*THE BATS WAS IN THE HOUSE*
If we take a closer into another TF, the pattern still same.
And if we look into another side, there's descending trendline.
What do you think? DYOR
After the correction we can see xrp has formed a bullish trendline with higher lows, we can see xrp broked the pennant formation with pull back to the same. I would say it will be testing the .47 soon following by a small pullback and a test higher to .49-.50 levels. I hope to see this kind of movement
Following the big drop on the 22/23rd which was A down of Y of the WXY, we seem to be correcting on an ABC (currently starting C up). Preliminary target is 53c. This also would be testing a previous support level and should turn resistance as we have yet the C down on the bigger count. 30c is the target for C down probably next week.
if price fails to break thru orange box buy this pair and take profits at 141 fib level the red line
however if price do breaks the orange box wait for a pullback to the orange box and sell back down to the green box
The price of Ripple (excepting the very volatile day of Tuesday 23 February where the price dropped from 63 cents to 36 cents on the dollar) remained mainly in the same range between the resistance and the support area, respecting also the blue trendline marked on the chart. We see the price dropping further, touching the low of the support area or testing the...