HERES ANOTHER THEORY ON WHAT COULD POSSIBLY HAPPEN TO THE PRICE OF XRP. THIS ASSET IS CURRENTLY AT THE TOP OF A PATTERN WITH ALOT OF DOWNSIDE. I HAVE LAID OUT SEVERAL SITUATIONS WHERE THE PRICE CAN INCREASE AND DECREASE PLEASE LOOK AT MY PROFILE FOR AL 3 SCENARIOS.
WE SEE THERE IS MAJOR SUPPORT AT 20 AND 14 CENTS MARKED AT THE RED LINE THIS HAS BEEN PREVIOUS SUPPORT BEFORE THE 2017 BULL RUN. IT MAY SOUND LUDACRIUS TO SAY 20-14 CENT XRP WE CANNOT RULE OUT THE SCENARIO. ALTHOUGH XRP HAS AMAZING FUNDAMENTALS THE MARKET IS STILL YOUNG AND IS HEAVILY MANIPULATED. TIME WILL TELL AS ALWAYS.
THIS RSI IS SHOWING BULLISH DIVERGENCE BUT MAY BRING IN A NEW LOW BEFORE TURNING OVER. THIS IS A THEORY BUT AS YOU CAN ALSO SEE THE GREEN A TO B MAJOR MOVE IS CLONED EXACTLY AND PASTED BELOW AS THE C TO D MOVE AND IT LINES UP TO THESE LEVELS. THE SAME CAN BE SAID WITH A TO B YELLOW LETTERS CLONED TO THE T AT THE C TO D LEVEL.
FIB EXTENSIONS AND RETRACEMENTS LINE UP TO THESE LEVELS AND IF THIS PLAYS OUT THIS PRICES WILL NOT LAST LONG. I SEE IT HITTING THESE PRICES BUT VOLATILITY WILL ONLY CREATE A LONG WICK AND SIMPLY TOUCH AND GO AT THESE LEVELS.
ONCE AGAIN THIS IS A THEORY YET TO PLAY OUT . PLEASE SEE MY BULLISH AND BEARISH SCENARIOS TO INCLUDE THIS ONE A BAT PATTERN AND A TREND CONTINUATION PATTERN. THANK YOU FOR READING.
SORRY FOR THE MESS
WE SEE THERE IS MAJOR SUPPORT AT 20 AND 14 CENTS MARKED AT THE RED LINE THIS HAS BEEN PREVIOUS SUPPORT BEFORE THE 2017 BULL RUN. IT MAY SOUND LUDACRIUS TO SAY 20-14 CENT XRP WE CANNOT RULE OUT THE SCENARIO. ALTHOUGH XRP HAS AMAZING FUNDAMENTALS THE MARKET IS STILL YOUNG AND IS HEAVILY MANIPULATED. TIME WILL TELL AS ALWAYS.
THIS RSI IS SHOWING BULLISH DIVERGENCE BUT MAY BRING IN A NEW LOW BEFORE TURNING OVER. THIS IS A THEORY BUT AS YOU CAN ALSO SEE THE GREEN A TO B MAJOR MOVE IS CLONED EXACTLY AND PASTED BELOW AS THE C TO D MOVE AND IT LINES UP TO THESE LEVELS. THE SAME CAN BE SAID WITH A TO B YELLOW LETTERS CLONED TO THE T AT THE C TO D LEVEL.
FIB EXTENSIONS AND RETRACEMENTS LINE UP TO THESE LEVELS AND IF THIS PLAYS OUT THIS PRICES WILL NOT LAST LONG. I SEE IT HITTING THESE PRICES BUT VOLATILITY WILL ONLY CREATE A LONG WICK AND SIMPLY TOUCH AND GO AT THESE LEVELS.
ONCE AGAIN THIS IS A THEORY YET TO PLAY OUT . PLEASE SEE MY BULLISH AND BEARISH SCENARIOS TO INCLUDE THIS ONE A BAT PATTERN AND A TREND CONTINUATION PATTERN. THANK YOU FOR READING.
SORRY FOR THE MESS