XRPUSDT - Different Timeframes and possible targets
Let's take a look at the XRP chart starting with the monthly timeframe.
We are forming a very tight range with lower highs and higher lows. If we can see a break of 0.75 we can reach following targets:
0.81
0.93
1.11
1.59
We are forming a very tight range with lower highs and higher lows. If we can see a break of 0.75 we can reach following targets:
0.81
0.93
1.11
1.59
Comment:
Comment:
Let's dive in the daily chart.
After a 20% move up the RSI was in the overbought zone and need to cool of. For now we saw 3 inside bars so we are creating a tight range, this ranges often awaiting a big move. Till now it seems we are forming a bull flag. This can continue to the upside.
After a 20% move up the RSI was in the overbought zone and need to cool of. For now we saw 3 inside bars so we are creating a tight range, this ranges often awaiting a big move. Till now it seems we are forming a bull flag. This can continue to the upside.
Comment:
Comment:
On the 4 and 1 hour chart we are creating a possible falling wedge pattern. The RSI was overbought and we had to cool of, this by creating a bullish structure in a falling wedge.
Comment:
Comment:
Also pay attention to the XRPBTC chart. When this downward channel breaks upwards we can expect a 100% move!
The price has a positive divergence with the RSI, it's time for XRP to do it's thing !
The price has a positive divergence with the RSI, it's time for XRP to do it's thing !
Comment:
Comment:
Update: on the 1H and 4H timeframe we broke the falling wedge bullish but failed at the retest.
The bigger picture and targets are still the same
The bigger picture and targets are still the same
Comment:
We broke the major declining trendline and touched the first horizontal support.
The RSI isn't overbought yet so we still have space to move higher.