XRP / USD has been in an accumulation phase since many years now, i believe that we are arriving in the last phase of this accumulation period which announce a possible heavy breakout soon.
We are arriving at the end of a cup and handle pattern, which is a strong accumulation pattern
we are seing a high compression of the volatility
low volume transactions
we are consolidating just under the well known resistance of the 1,50 USD area
Sellers are exhausted and the market tenants has been accumulating since years now
As the wickoff low said, a long accumulation phase will automatically lead to a long and strong expansion phase
I am waiting for a decisive breakout of the 1,50 USD area with strong volume in order to build momenteum for higher target
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio
We are arriving at the end of a cup and handle pattern, which is a strong accumulation pattern
we are seing a high compression of the volatility
low volume transactions
we are consolidating just under the well known resistance of the 1,50 USD area
Sellers are exhausted and the market tenants has been accumulating since years now
As the wickoff low said, a long accumulation phase will automatically lead to a long and strong expansion phase
I am waiting for a decisive breakout of the 1,50 USD area with strong volume in order to build momenteum for higher target
The content covered in this publication is NOT to be considered as investment advice.
Thank you all,
If you enjoyed this analysis please mark a thumbs up and do not hesitate to share your point of view in the comment section.
Have a Good day and Safe trade
Butterfly .D
/Metamorphose your portfolio