XRP / TetherUSLong
Descending Broadening Wedge (4H)
Hi there,
I believe the price has formed a descending broadening wedge on the 4H timeframe, we have hit the bottom support and we are also sat on the 0.618 FIB retracement. I believe that we could see a bounce somewhere in this region, but we'll have to see how the market plays out.
We seem to be pricing in the negative news that has recently come out, without acknowledging the positives. I feel as if XRP has not yet reached it's high and believe there is more to come.
NFA
Please feel free to give feedback on my idea, it would be greatly appreciated.
I believe the price has formed a descending broadening wedge on the 4H timeframe, we have hit the bottom support and we are also sat on the 0.618 FIB retracement. I believe that we could see a bounce somewhere in this region, but we'll have to see how the market plays out.
We seem to be pricing in the negative news that has recently come out, without acknowledging the positives. I feel as if XRP has not yet reached it's high and believe there is more to come.
NFA
Please feel free to give feedback on my idea, it would be greatly appreciated.
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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.