XRP looks to be at a clear crossroads now, with a clear triangle formed we just need volume to push to the upside.
We could see a bear trap form from this triangle and a small move down followed by a sharp move up.
But we need volume. I'm in 30% and will add more if it breaks the resistance of 0.555
We could see a profit of up to 20%
Wolf
We could see a bear trap form from this triangle and a small move down followed by a sharp move up.
But we need volume. I'm in 30% and will add more if it breaks the resistance of 0.555
We could see a profit of up to 20%
Wolf
Comment:
Above the current price, the first resistance at $0.55 (price congestion resistance). The second resistance is at $0.585 (price congestion resistance). The target for a new bullish tranche is above the last relative maximum of $0.764.
Comment:
We are seeing a real lack in volatility, and a new channel has formed moving the price down (30 mins chart), chances are 60% we move down and retest 0.48
We could see a move sideways for the next few days is support holds at .59
On the 1D chart we can see an inverse H&S forming, but its not the most perfect formation and chances are it will not complete, but if BTC moves up to the 7000 area then we can see this H%S succeed.
We could see a move sideways for the next few days is support holds at .59
On the 1D chart we can see an inverse H&S forming, but its not the most perfect formation and chances are it will not complete, but if BTC moves up to the 7000 area then we can see this H%S succeed.
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Comment:
We now need to see an explosion on volume at the 0.55 zone, just like what happened 2 months ago.