XRPLong
XRP price nearing a decisive point
Hello everyone! This is my first post so be gentle.
I have been tracking xrp for a while. In the last bull run, xrp chart formed a massive symmetric triangle and broke out in late 2017. This time around the price is moving in a falling wedge pattern, signaling a possible bullish breakout. Also the higher lows that have been forming since AUG 14 suggest the price has found it's bottom. On top of that the chart pattern between AUG 14-SEP 18 is most likely a wyckoff bottom.
The only problem that remains is BTC. BTC could still make one leg lower to one of it's longterm trendlines and bounce off the vacinity of 2300 $. Meaning xrp can still dive a bit before it breaks out of the falling wedge.
That's all folks, thanks for reading!
Disclaimer: this is not financial advice, trade at your own risk!
I have been tracking xrp for a while. In the last bull run, xrp chart formed a massive symmetric triangle and broke out in late 2017. This time around the price is moving in a falling wedge pattern, signaling a possible bullish breakout. Also the higher lows that have been forming since AUG 14 suggest the price has found it's bottom. On top of that the chart pattern between AUG 14-SEP 18 is most likely a wyckoff bottom.
The only problem that remains is BTC. BTC could still make one leg lower to one of it's longterm trendlines and bounce off the vacinity of 2300 $. Meaning xrp can still dive a bit before it breaks out of the falling wedge.
That's all folks, thanks for reading!
Disclaimer: this is not financial advice, trade at your own risk!
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.