Without taking a certain bias in account, the DXY seems to be in a bullflag formation.
There was a prior deviation from the flag formation. Seems we are having one now as well.
This is not financial advice and this chart is only for entertainment use only.
Do not make descision's on this chart pattern.
Seems XRP is building up several factor's for breaking out upwards.
Currently in a bullflag and in the general picture XRP is really bullish.
Broadening wedge in a falling wedge.
If we would see xrp repeat it's cycle of 2017 we could expect the targets being reached, keeping in mind a BTC value of 85k -100k.
A positive outcome of the lawsuit could see this...
Btc seems to be in a symetrical triangle wich tend to break out in the direction of the trend, which is downwards at the moment.
If btc breaks downward we can expect to follow the falling wedge and break out later this year resulting in some serious fire works.
This is not financial advice and for entertainment/educational use only.
Several years I have been watching this trend line, and this idea always intrigued me.
Do I think this will happen? No. Do I think it could happen ? Yes.
Do not forget this is the monthly time frame.
Assumption is the mother of all mistakes, so never follow blindly and do your own due diligence.
This chart is for educational purpose only and should not be...
Looking towards several factors for the bullish case on xrp, despite it's SEC lawsuit.
Seems to be in an Wyckoff accumulation phase.
A hidden bullish divergence is starting to workout.
There is a golden cross on the weekly chart and one forming on the daily chart as well. With a neutral bias forecasting we could expect the daily crossover around end of...