InvexorTrade

InvexorTrade

We told our community to not chase this move when price was at $255 as the long term logarithmic chart shows it should have gone much lower to $50 and it has now arrived at that price

InvexorTrade

When SEC news is gone,, and more importantly weak hands have sold, XRP could benefit from an explosive move

InvexorTrade

Wait for confirmatoion of breakdown and then target red box

InvexorTrade

Multi year channle vs rally channel from 2020 lows

InvexorTrade

The multi year bull channel coincides with the steep rally channel from March lows so these levels are key for breakout or profit taking

InvexorTrade

Dax can still complete a double correction to 12800s to close the gap and hit the lower channel but ultimately wants higher before a serious correction - which will come and take up to 10k gap

InvexorTrade

Clear channel up, break below the lows last week and potential for breakdown / bear flag confirmation but indicators support upside

01:11

InvexorTrade

The rising wedge is looking similar to Feb/March 2020 - in an overall wider expanding microhone chart pattern so will price rally to the apex price before a breakdown or drop from here