Descending channel has formed.
in the very short term a ascending chanel formed which price has fallen out of.
In addition there is a supply zone in 1.91-1.82.
finally ther is a support at 1.88.
Golden ratio fib level is at 1.8937
Long term bullish due to fundamentals of the bull marketa nd the 1000+ smart contracts that have been issued. Also bullish due...
on the log auto chart a clear channel is observed, along with a fib extention of 3.618 which is at the 5usd price meeting, froming a strong confluence. ATH is 3.41 which will easily break. in addtion a cup and handle is forming. target from the cup and handle is the 2.618 fib level which is at 4usd.
short term bearish on xrp because=
- xrp is in a giant wedge and support line has been tested for quite some time
- retracement fib level of 0.618 may be broken in a attempt to test the bottom of the wedge pattern
- there is a supply zone sitting in between 0.618 and 0.786 retracement fib levels.
- a wedge has formed on the hourly time frame too which is not...
Exciting yet nervous times at btc eth xrp ada neo qtm are pumping algo has not moved and perfectly made a cup and handle pattern price target of 1.08 is the perfect tp as it aligns with a weekly fib level and a 4hr fib level and the extension of the cup. Have fun people.