Cup and Handle on XRP...target minimum 15% if BREAKOUT
Daily chart: XRP hits red zone target. Rejected nicely and making its way out.
Hourly chart: Cup formed, handle on its way forming.
Prediction: if handle breaks past ~4700 satoshis, looking for the target to be atleast 5400 satoshis...if price breaks past trendline, then we move onto the next zone and next trendline....if that breaks, then the bull run might be coming. I don't think that will happen just yet, though....we need one more correction.
Hourly chart: Cup formed, handle on its way forming.
Prediction: if handle breaks past ~4700 satoshis, looking for the target to be atleast 5400 satoshis...if price breaks past trendline, then we move onto the next zone and next trendline....if that breaks, then the bull run might be coming. I don't think that will happen just yet, though....we need one more correction.
Comment:
For handle to be deemed broken, price needs to fall more than half of the cup. Still in effect.
Comment:
Trade closed.