XRP Ripple Looking bad with this Big Bear Flag, Part 4
Updated
Still on the way down and still no real high volume at the moment, suggesting a long term long is not set yet. Bitcoin' just made a short squeeze of 300 points, but while i am writing this it is already dropping again and showing some weakness.
On the right we can see another possible bear flag in the making. While i am writing this it already got rejected from the high. So at the moment i see 3 options.
The blue line, making a bear trap move (which coincides with my view for Bitcoin")
The red line, simply a bear flag an reaching it's target.
We break the red resistance of the bear flag and invalidate the bear flag with the potentially moving up even higher.
So i think the blue line has the biggest chance of happening. For the ones who shorted it from the highs at 0.4 or 0.35ish, i would not get greedy and secure some of the profits, if you have not already done it as i suggested in the previous update.
Don't forget to give a like if you appreciate this :)
Previous analysis:
On the right we can see another possible bear flag in the making. While i am writing this it already got rejected from the high. So at the moment i see 3 options.
The blue line, making a bear trap move (which coincides with my view for Bitcoin")
The red line, simply a bear flag an reaching it's target.
We break the red resistance of the bear flag and invalidate the bear flag with the potentially moving up even higher.
So i think the blue line has the biggest chance of happening. For the ones who shorted it from the highs at 0.4 or 0.35ish, i would not get greedy and secure some of the profits, if you have not already done it as i suggested in the previous update.
Don't forget to give a like if you appreciate this :)
Previous analysis:
Note
New XRP analysis:
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