Dear friends,
Let’s take a look at the XRPUSD chart.
Some people are frustrated that XRP doesn’t move as they want.
But when we look at the chart we can tell that patience will pay.
We created a similar pattern in 2014. From 2014 till 2017 we created a triangle formation with higher lows and lower highs. Eventually we broke this pattern but for this we had to wait 4 years! Xrp doesn’t move as you want but it’s following a pattern.
Since the top in 2017 the downtrend began and yes we are forming again the triangle formation. Now we are almost 7 years later and once this pattern break it can move up far past ATH.
From 2014 we bounced 4 times from the rising trend line, the same we did in the current pattern. Also we rejected twice from the downward trendline.
Every 3 year it seems that the MACD is crossing bullish. Let’s take a look at this;
2017: + 60000%
2020: +770%
2023: So far +110 %
The question is how much procent we can rise this time. IF we break the triangle formation it will be explosive.
Even if we drop from here to 0,40 we would still be in the formation.
We can’t forsee the future but we can look at historical data. And if you ask me XRP will have its showtime soon. After that we can see a downtrend again for about 3 years.
Let’s take a look at the XRPUSD chart.
Some people are frustrated that XRP doesn’t move as they want.
But when we look at the chart we can tell that patience will pay.
We created a similar pattern in 2014. From 2014 till 2017 we created a triangle formation with higher lows and lower highs. Eventually we broke this pattern but for this we had to wait 4 years! Xrp doesn’t move as you want but it’s following a pattern.
Since the top in 2017 the downtrend began and yes we are forming again the triangle formation. Now we are almost 7 years later and once this pattern break it can move up far past ATH.
From 2014 we bounced 4 times from the rising trend line, the same we did in the current pattern. Also we rejected twice from the downward trendline.
Every 3 year it seems that the MACD is crossing bullish. Let’s take a look at this;
2017: + 60000%
2020: +770%
2023: So far +110 %
The question is how much procent we can rise this time. IF we break the triangle formation it will be explosive.
Even if we drop from here to 0,40 we would still be in the formation.
We can’t forsee the future but we can look at historical data. And if you ask me XRP will have its showtime soon. After that we can see a downtrend again for about 3 years.
Comment:
Comment:
On the daily chart we see a similar pattern as on the monthly chart.
We are in a triangle formation and searching a daily higher low. by sunday evening we should see if we break this pattern bullish or bearish.
First target will be 0.65
We are in a triangle formation and searching a daily higher low. by sunday evening we should see if we break this pattern bullish or bearish.
First target will be 0.65
Comment:
Comment:
I soon expect a explosive move on the XRPBTC chart. We saw 5 months of red candles and a possible retest of the MACD, i found a similar structure in the past as you can see i marked on the chart. I expect next month to be bullish for XRP
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Comment:
Tic toc Tic toc, the weekly candle wille close soon! Will we close above the trendline = bullish, Close under the trendline = bearish, let's see
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Don't sleep on next week! A lot of things will happen.
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Update: the weekly chart is the most important chart to currently look at. We held the low and we are searching a weekly lower high. If we make the range tighter we would close under 0,70. If we break 0.70 we can move up fast towards 0;90
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Comment:
We need the break of the declining trendline for a trendchange.
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On the daily chart we are at key resistance, if we can break this important trendline a volume spike may start.
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Currently we don't have much to update. XRP couldn't break resistance and we now need to set a daily higher low. i Expect the week to end with a break of the tight range. Let's see
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from previous perspective
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it's a bit to quiet for XRP and i believe soon a volume spike will enter the market.
Important to watch is the weekly close. For it to be bullish we need to break above the up AND downtrending trendline. I believe soon there will be a big move and some news comes out. The chart :
Important to watch is the weekly close. For it to be bullish we need to break above the up AND downtrending trendline. I believe soon there will be a big move and some news comes out. The chart :
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Comment:
Explosive move is coming within 24 hours. Patience is key
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I will take a close look at the closing candle this week. We still are above major support,