Downtrend XRP forms a downward channel. Growth potential + 300%.

Updated

Downtrend XRP forms a downward channel. Growth potential + 300%. The lower it falls, the higher the pumping will be.

Growth on this coin always happens very bistro at a large percentage of the profits.
This is the only top-end coin with high liquidity that is pumped onto the X's like a shieldcoin

Note

The price has almost reached the indicated important zone. When it reaches, watch how they will keep this zone.

Note

the price has not yet reached the bottom of the channel, Perhaps still to come. But pay attention to how trend lines are clearly practiced.

Note

to the dollar

There is a break through an important level of support for this global "downward triangle." The price returned to the level. If it is possible to break through the resistance level, which was support and gain a foothold inside the canvas of the triangle, then there will be a false breakdown. Then the possible movement inside the triangle is like last time. There is also at least a small chance, but to break this downward triangle up.

If the price cannot break through this important resistance level and consolidate below it, then this is a very alarming call. Under this level of resistance is the abyss. The triangle will work out down.

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XRP / BTC

Note

XRP downlink. The figure "Cup with handle." Pivot points.
Upside potential for the channel height + 150%
Upside potential to the resistance of the "cup" + 32%

Upside potential "Cup with handle"
from the resistance line of the "cup" + 58%
from these prices + 90%

Who uses Stop Loss. Stop loss is placed under the downtrend line of the internal channel.

Know what matters is not the Stop Loss size, but the entry point!
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The coin is in the downward channel for about a year. It trades well along downtrend lines that act as support / resistance. At the moment, the figure "Cup with handle" is being formed, the cup has formed, the handle has almost formed.

The downtrend is playing the role of supporting the “Handle”. If we break it down (red zone), the price will most likely fall to the bottom of the downward channel .

If an upward movement starts from this trend, the first goal is the resistance of the "Cup" 0.000038 (this is + 32%).
When this resistance is punched, and the price fixes above it, then we confirm the "Cup with handle" figure - the potential of movement is + 58% of the resistance of the cup.
You also need to understand that if all this is confirmed, then quite possibly the price can reach the upper border of the channel, and this is + 150% of today's prices.

All the pivot points on which further movement will depend and the robot algorithm I showed on the chart and described above.

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SpartaBTC

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XRP chart in global. Variants of events.

by SpartaBTC

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