XRP Stairway to heaven or highway to hell?
Updated
It's showtime.
Currently we have a brakeout candle evolving from the simmetrical triangle that XRP has been forming from the big blastoff that let to a massive correction when we got the rejection on 0.78.
If the candle closes above 0.62 levels a assume the brakeout is on, if we have a confirmation candle afterwards closing above 0.62, we will have a new blastoff to 1.0-1.2 levels as a full brakeout of the triangle pattern.
IF, by any chance, we have BTC dumping again below 18k, the full bearish brakeout target is below 0.20 levels, if my logaritmic scale didn't mess up too much, but that is aligning with my MA's that I have been trying out.
Not financial advice.
It's a bit odd to say that I believe we are going to rocket again, and XRP will lead the next bullish brakeout,as in previous 2 rallies if I am not mistaken?
Not financial advice.
Like, comment, advice welcomed!
Currently we have a brakeout candle evolving from the simmetrical triangle that XRP has been forming from the big blastoff that let to a massive correction when we got the rejection on 0.78.
If the candle closes above 0.62 levels a assume the brakeout is on, if we have a confirmation candle afterwards closing above 0.62, we will have a new blastoff to 1.0-1.2 levels as a full brakeout of the triangle pattern.
IF, by any chance, we have BTC dumping again below 18k, the full bearish brakeout target is below 0.20 levels, if my logaritmic scale didn't mess up too much, but that is aligning with my MA's that I have been trying out.
Not financial advice.
It's a bit odd to say that I believe we are going to rocket again, and XRP will lead the next bullish brakeout,as in previous 2 rallies if I am not mistaken?
Not financial advice.
Like, comment, advice welcomed!
Note
XRP doing absolutely amazing, just dumped to .55. We will see soon what is the next move. Recovery to 0.6, or a correction continuation to 0.51.Trade active
Recovery almost completed, waiting for breakout confirmation, we expect a move to at least 0.7 when btc makes a new leg up. Upper target most likely in play for now.Order cancelled
R.I.P.ple.Any comment is unnecessary. XRP will remain in the space, I took losses as I suppose most of the people that bought above 20c. Until further notice, we shouldn't trade on this asset since it is a highly volatile asset. only DCA is something advisable, although not financial advice, just my opinion.
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