XRP ABOUT TO BREAK TO THE UPSIDE ????? IMPORTANT ZONE
Updated
I KNOW SOME OF US PROBABLY HAD A DIFFICULT TIME TRYING TO FIGURE THE EXACT STUCTURE XRP WAS TRYING TO MAKE AND I BELIEVE THAT THIS ONE I HAVE HERE IS PRETTY SOLID .
IN REFERANCE TO MY PREVIOUS POST ON XRP THIS MONTH , XRP IS STILL LOOKING PRETTY BULLISH IN MY OPINION AND LOOKS LIKE IT WANTS TO RETEST PREVIOUS HIGHS OF $0.79 .
AFTER A 40% PULLBACK FROM $0.79 , XRP HAS CONTINUED TO MAKE NEW HH'S & HL'S .
ALSO WE HAVE A POSSIBLE BULLISH PENANT THAT IS BEING FORMED AND ON THE DAILY CHART YOU CAN SEE IT MORE CLEARLY .
MY THEORY IS THAT IF WE WERE TO SEE THE ENTIRE MARKET CORRECT ITSELF AND HIT NEWER LOWS LIKE BELOW $0.45 , THEN I BELIEVE WE WOULD HAVE ALOT MORE SELLING PRESSURE DRIVING THE MARKET DOWN INSTEAD OF CONSOLIDATING AND MAKING THESE NEW HH'S & HL'S ON THESE LOWER TIMEFRAMES (4H,2H) .
ALSO I HAVE DRAWN A FIB RETRACMENT AND WE HAVE A NICE SUPPORT EXACTLY ON OUR 61.8 FIB .
FLARE AIRDROP IS DAYS AWAY , POSSIBLE GOVERNMENT SHUTDOWN ON DECEMBER 11 , ITS THE END OF THE YEAR , WE JUST CLOSED ON OUR BIGGEST MONTHLY CANDLE IN OVER 2YEARS , AND FOR SOME REASON BITCOIN IS CONSOLIDATING AT ITS LAST ATH AND STAYING IN A $200-$250 RANGE . TO ME THAT IS INTERESTING BECAUSE LAST TIME AROUND WE CLEARLY STARTED MAKING LL'S AND LH'S INSTANTLY ON THE DAILY&4H BUT THIS TIME AROUND WE CAME TO THAT HIGH AND PULLEDBACK DOWN TO $16500 RANGE AND THEN BOUNCED BACK UP EVEN HIGHER TO CLOSE ABOUT $250+ MORE AND THAT IS WHERE WE STARTED CONSOLIDATING IN A RANGE A LITTLE SIMILAR TO XRP . IF BITCOIN BREAKS 20K I BELIEVE ALL COINS WILL RALLY ESPECIALLY XRP AND IT WILL IMMEDIATLEY SHOOT TOWARDS PREVIOUS ATH OF $3+
AS IVE SAID BEFORE THO ANYTHING IS POSSIBLE IN THIS MARKET AND WE MUST BE PREPARED FOR WHEREVER THE MARKET MAY HEAD. I AM REALLY BULLISH BUT I CANT SAY IT IS IMPOSSIBLE THAT WE RETEST $0.79 AND GET REJECTETED AND ME MAKE NEWER LOWS . BUT TO ME I HIGHLY DOUBT IT :]
IN REFERANCE TO MY PREVIOUS POST ON XRP THIS MONTH , XRP IS STILL LOOKING PRETTY BULLISH IN MY OPINION AND LOOKS LIKE IT WANTS TO RETEST PREVIOUS HIGHS OF $0.79 .
AFTER A 40% PULLBACK FROM $0.79 , XRP HAS CONTINUED TO MAKE NEW HH'S & HL'S .
ALSO WE HAVE A POSSIBLE BULLISH PENANT THAT IS BEING FORMED AND ON THE DAILY CHART YOU CAN SEE IT MORE CLEARLY .
MY THEORY IS THAT IF WE WERE TO SEE THE ENTIRE MARKET CORRECT ITSELF AND HIT NEWER LOWS LIKE BELOW $0.45 , THEN I BELIEVE WE WOULD HAVE ALOT MORE SELLING PRESSURE DRIVING THE MARKET DOWN INSTEAD OF CONSOLIDATING AND MAKING THESE NEW HH'S & HL'S ON THESE LOWER TIMEFRAMES (4H,2H) .
ALSO I HAVE DRAWN A FIB RETRACMENT AND WE HAVE A NICE SUPPORT EXACTLY ON OUR 61.8 FIB .
FLARE AIRDROP IS DAYS AWAY , POSSIBLE GOVERNMENT SHUTDOWN ON DECEMBER 11 , ITS THE END OF THE YEAR , WE JUST CLOSED ON OUR BIGGEST MONTHLY CANDLE IN OVER 2YEARS , AND FOR SOME REASON BITCOIN IS CONSOLIDATING AT ITS LAST ATH AND STAYING IN A $200-$250 RANGE . TO ME THAT IS INTERESTING BECAUSE LAST TIME AROUND WE CLEARLY STARTED MAKING LL'S AND LH'S INSTANTLY ON THE DAILY&4H BUT THIS TIME AROUND WE CAME TO THAT HIGH AND PULLEDBACK DOWN TO $16500 RANGE AND THEN BOUNCED BACK UP EVEN HIGHER TO CLOSE ABOUT $250+ MORE AND THAT IS WHERE WE STARTED CONSOLIDATING IN A RANGE A LITTLE SIMILAR TO XRP . IF BITCOIN BREAKS 20K I BELIEVE ALL COINS WILL RALLY ESPECIALLY XRP AND IT WILL IMMEDIATLEY SHOOT TOWARDS PREVIOUS ATH OF $3+
AS IVE SAID BEFORE THO ANYTHING IS POSSIBLE IN THIS MARKET AND WE MUST BE PREPARED FOR WHEREVER THE MARKET MAY HEAD. I AM REALLY BULLISH BUT I CANT SAY IT IS IMPOSSIBLE THAT WE RETEST $0.79 AND GET REJECTETED AND ME MAKE NEWER LOWS . BUT TO ME I HIGHLY DOUBT IT :]
Note
WE NEED A CLEAR BREAK ABOVE TRENDLINE & 50MA FOR CONFORMATION.
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