Although XRP has lost ground versus the USD this week. Where it matters most is XRP/Bitcoin. A crude Cup and Handle pattern has been forming since May and looks likely to break out above 0.000104418 confirming the de-coupling. In the short term, XRP and Bitcoin both may continue to lose ground against the USD due to the ongoing mining war between Bitcoin and...
Symmetrical triangles normally resolve themselves by breaking out in the direction of the trend, which is up. Break out to the upside should occur once these events begin to unfold...Below is what I wrote at the end of October. Ledger volume during this period exceeded exchange volume for the first time. It is all set up to break-out in a very big way!?
NOV 19 -...
XRP Bull Flag - failed due to 832 drop in DOW on the 10/10 but holding firm from further losses. Looking at 4 hour chart consolidating nicely in symmetrical pattern.
Big dippers are certainly what we are getting in the month of October!! Although the Bull Flag has failed (due to DOW dropping 800 points) the breakout could easily retrace back to 0.36 area and still remain bullish. Notice two daily bars bouncing of 0.38 - is also a bullish reversal sign. Below is what I wrote 2 weeks ago. Of the course the DOW is in the midst of...
Symmetrical triangles usually breakout in the direction of the trend which in Bitcoins case is down. Bitcoin initially dropped through the bottom of the symmetrical triangle only to bounce hard the other way on volumes not seen since April. A failed breakouts is a strong indicator. Bitcoin should climb higher.
Ethereum is toast against XRP! Broke out of channel formed during 2018 on good volume and back to Dec highs set
in 2017. XRP currently forming a Bull flag and looks like higher prices to come for XRP should it clear the yellow box on good volume. XRP is a buy in the yellow box area.
With Swell in 2 days, XRP is consolidating. Broken down trend on huge volume and is currently forming a Bull Flag on the daily chart. It is a buy anywhere in the yellow area.
