Possible short term: upside order block, reclaimed block, mitigation block, liquidity taken concepts in practice
comparations between xrp and btc fractals. Similar?
Right now we are forming a very possible W formation with upside down folowed by a correction to the neck line (factual possibility). Such as my XRP analysis
Ripple asked SEC to investigade iFinex which has a relationship with tether. I expect volatility
Note that i'm bullish long term, but this is my right now idea of the xrp market. I do believe a further fall is possible, which can be a crash/correction, this one will depend on the market reaction to the tether audit and the truth behind it. I believe we can see something similar to the Law suit crash, or worst. I may change opinion because i only do analysis...
Although we are currently in a hidden bearish divergence, i do believe we can still do a upside movement since the market isn't showing signs of slowing down yet.
As my Total2 analysis, we are in a 3 major rising wedge moves, however, they aren't following the trend with BTC price manipulation. We can see in the daily chart a double top formation, what i believe that can trigger a short movement Not a financial advise
not a financial advise
A possible retest of the rising wedge is very possible with a big drop incomming around october with the possibility of the stock market following a similiar drop. "Digital gold" as many refeer to BTC, when a new gold standart finacial system is possible, is a short-term bullish signal of a major bearish drop that may come after big compannies dump the market with...
We need to close a weakly candle above 0.50 fibonacci to get bullish movement confirmation. i expect to reach 0.786 lvl by october and a drop to retest the currently bullish pattern.