XRP / TetherUSLong
Falling Wedge (4-H)
Updated
Hi there,
Just posting an update to my recentXRPUSDT analysis, the price has seemed to form a falling wedge on the 4-hour timeframe. I believe that we will see a bounce at around $2.00 level with the target being $2.34 - RSI seems to be just touching oversold region.
As for the bullish pennant that is still currently being formed on all timeframes including longer ones, I am expecting the target to be $4.96 possibly touching $5.00
XRP is still looking healthy and is still respecting the ascending support and descending resistance of the symmetrical triangle.
Thank you for taking the time to view my analysis, feedback would be greatly appreciated.
Just posting an update to my recent
XRPUSDT analysis, the price has seemed to form a falling wedge on the 4-hour timeframe. I believe that we will see a bounce at around $2.00 level with the target being $2.34 - RSI seems to be just touching oversold region.As for the bullish pennant that is still currently being formed on all timeframes including longer ones, I am expecting the target to be $4.96 possibly touching $5.00
XRP is still looking healthy and is still respecting the ascending support and descending resistance of the symmetrical triangle.
Thank you for taking the time to view my analysis, feedback would be greatly appreciated.
Trade closed: target reached
Falling Wedge target was $2.34, wicked almost perfectly to that on 4-H timeframe. Broke out, now what's next, what is the next move? 
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