Each Bull run happened after a consolidation phase which happened in the form of a triangle. We have waited a long time inside the triangle. I think its slowly breaking to the upside. Once we have a clear break. I think the next stop is around 15$ to 20$. We are entering the adoption phase. Things are gong to be NUTS!
We had the trapped volume in asia showing a nice accumulation phase and market makers broke the box and pushed the market down and within one candle back to the mean showing signs of reversal. Also we have higher highs forming from previous days showing that its in an uptrend.
Hello all ripple holders, Did you see the rise in the market yesterday, it was due to the base currency listing in Coinfield ( Canadian exchange). Lets not forget that Brad said at least 1 bank will use x rapid by this end of year and a dozen by 2019. stating this publicly is no joke, all it takes time.
I have shown my analysis in the chart, kindly have a look....
We have the London open and possibly see a downtrend from now on. Going to wait till NY open. We have this M shaped pattern broken yesterday and it tried to retest. We have a strong bearish EMA 50 and 200 showing a nice trend down.