XRPUpdated Xrp - Traders/Hodlers Split Chart
People still calling Xrp to go down oO - Gann shows us the Day candles haven't touched the 2nd arc pair after exiting the first - This has to happen or it wouldn't have cleared the 1st arc pair - 2nd arc pair is around $1.19 - On the hour chart we see the candles on support in the 2nd arc pair, the next arc up on this chart is again at $1.19 - I see support around $1+ and a further run up coming - Should a retracement happen the lowest it will go is $0.88, this is not impossible but I see it as unlikely
Note
Bear pie anyone?Note
Candles stopped perfectly by the arc - inside the arc beneath descending resistance and support now - a falling wedge in other charting terms - You should get a re-buy between $1.09 and $1.14 - Next target is the next arc around $1.34 - Hodlers have a nice Christmas, you got nothing to worry aboutNote
Xrp can get to $1.69/$1.70 on this rally, off the top of the hour chartNote
Great example of the arcs at work on the 1 hour chart, if you're not familiar with how to read Gann charts then this should give you an idea - In terms of the trade just look to the whole market, it seems exhausted currentlyNote
Back in action on the day chart - If the price can push thru the red first arc pair and open a candle above IT WILL make it to the green second arc pair, that is guaranteed on a Gann chart - Second arc pair would put the price between $1.50 and $1.65Note
Xrp new day candle just opened above the first arc pair, previous resistance is now support - If the price wasn't going to the next arc then the candle wouldn't have opened above this one, simples - It's always a rocky ride for Xrp, but kick back with a cold one, we're going up moreNote
KeeeerChing X 9/11 *)Note
Smashed the chart - Time for BTCNote
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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.