RIPPLES BULL-MARKET COULD BE IN THE MIDDLE STAGES - HERE IS WHY_______________________________________________________________________________________________________________________________________________________
Hello my friends, today I will look at an important observation showing a repeating pattern on a larger scale.
It also shows the events which occur the next weeks and months before the final XRPUSD break-out will happen. Let's go!
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At observing ripples long-term weekly chart I first found a massive up-trend channel which is drawn from the lowest point (green)
to the ending of the first correction (also green) and the first all-time high (red), You can see this channel connecting coherently the
lows and highs from this massive and stable up-trend.
There is also this first longer correction which you see in my chart marked with the pink box divided into smaller boxes with light-blue dividing-lines
and separated into phases one, two and three forming chronically the over-all correction before the final moonshots happened.
The correction is divided into phase one: The first stage of the correction in which heavy supply enters the market and shrinking in price occurs
The next phase, phase two: It is the stage in which supply falls below the previous level and demand begins to fill the market and price rises, it is also the
phase in which many professional investors and institutionals entering the market-landscape, as price rises demand does also.
The final most important phase three: Is the last phase before the big boom break-out occurs and prices rise massively to form higher highs at significant levels.
In this phase volatility and volume diminish but the price remains trading in the same range as seen in phase two. Both retail and institutional investors buying
shares and prepare for the final break-out. Before the break-out occurs we can see a massive decrease in momentum as low momentum is associated with
a strong break-out the bull-market occurs after the touch of the lower line of channel.
As I saw at looking at the chart now I could capture the same pattern forming again, just in a broader time and price altitude. We are just entering phase two
now in which many professional people will enter the market-landscape. So as many people talking about that XRPUSD can fall to lower levels I do not really see
that scenario possibly happen in the foreseeable future as we holding up this strong support level and the pattern form looks just like the correction seen before.
Considering the bigger altitude in the current correction occurring we can say that the bull market will be enormous and of larger size as the bull market seen
before, as it always the case with a bigger altitude and price swings we can expect bigger altitude and price swings in the future. I would be extra vary with shorting
ripple in the current situation as it could backfire soon, we are entering phase two now in which consolidation is expected. Short-term trading could be considered here,
with LONG position but i personally wouldnt SHORT It right now.
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Please support, follow and like if you found this analysis useful, i will probably update on this scenario when more information is given. I wish everybody happy christmas and
a very very very nice happy new year, of course with good trading profits and a healthy and happy live! May all your goals come true!
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