XRP still within logarithmic channel
Updated
My target box was only missed by a couple of cents. We all knew this was coming. Price action still well inside the log channel. Retrace can go down to 2.4$ action (previous ATH). It didn't dump as hard as some people would've thought/liked. Check the correction on the previous high for a comparison.
Keep an eye on the price when it gets to the channel lines. If it falls through. Bear cycle. If it holds, mega bull time. Next target if line holds would be 4.2$
Keep an eye on the price when it gets to the channel lines. If it falls through. Bear cycle. If it holds, mega bull time. Next target if line holds would be 4.2$
Note
yellow lines are previous non logarithmic channel lines for comparison
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.