See corresponding video- prospective path for XRP
Info in video- I expect to see a continued large pennant pattern.
See related video
Explained in video- very short term (next few hours) is slightly bearish, can see touching the circle before catching the medium dark blue line and heading upwards from there. Video says it all
Minor addendum to the related video made last week on 5/10 by changing the support line. Video is pretty self explanatory, interested in your thoughts. TLDR: Short term slightly bearish, long term bullish. Could see a dip back into .70 or even .64 before coming up against the support and heading upwards. Large breakout as the pennant compresses towards early...
Created this idea to accompany the related video
First video post- let me know your thoughts. To summarize, we've seen patterns of extreme growth in XRP after breaking the previous resistance of the preceding trend. We're coming up against that very shortly (end of May to beginning of June) at the end of this massive pennant, and I believe we could be in store for something absolutely massive.
To add to what was submitted yesterday, I noted that the ratio of the size of the pennant as compared to the size of the gain (which comprised the top of the next pennant was 5/1 the first time (orange pennant and risk/reward chart) and 3/1 the second time (purple pennant and risk reward chart). Looking at the green, a 3/1 risk/reward ratio based on the size of...
Could see XRP going either way, but I lean towards long. If we break out of the black resistance line, the target is 1.40.
XRP took an unexpected dip after breaking through the yellow rectangle I had established- but after all, it had exceeded my expectations by using the top of the rectangle as support rather than resistance, as expected. I do expect that we'll see more of a drop, which would put the daily stochastic into an oversold position, aligning with a support established at...
We've entered into another clear pennant- and considering we're in a bullish market for XRP, I see no direction but up. I would enter at the bottom of the pennant, and look to 1.08 - 1.15 as a target. This will complete the retracement of the dip from 1.08 over the month of March. Beyond that, I don't know where XRP will head, but with the weekly stochastic...
We've entered into a pennant as the strong bullish move was unsustainable and certainly exceeded my expectations as laid out in the boxes I projected over the past couple weeks. The top of the yellow box has become a bit of a support, and the red support line has proven to be pretty reliable, as well as the dotted red support. Considering we're in such a strong...
$1.08 target for XRP within the month of April. When this occurs, all remaining major resistance lines will be broken, the last being the red dotted line on this chart. I believe this is the first step in a larger rally which will hit new all time highs by this summer.
Straightforward analysis- multiple trends intersecting, I see this as a bullish continuation pattern. Considering the weekly stochastic is strongly oversold and turning up, this could be a long standing trend.
Expanded view of consolidation areas that are similar to what we're experiencing currently. We saw one in mid-December that sparked the all time high push, then another within the bearish move, and now another at the beginning of what I believe to be a big bullish push. To add to that, the last time the weekly stochastic was so far oversold, we saw a massive push...
Reached .60 target at top of green box- aligned with price action on 3/27 at resistance found in the left side of the image in the idea. Looking at a similar dip as occurred in late March before hitting the blue line at the circle, catching its breath, and heading up towards .70, will continue watching as XRP enters into bullish territory again.
This is looking like a larger reversal- I can see a mirror image forming that could see a short term target of .70