Just my 0.02, based on the 3D with 2 channels marked out. Seems like most experts are saying the level we are at currently is critical but I wonder if we may just touch the top end of the channel (around $52.5k) and depending on how fast it drops there may align with the trend line as well. Mostly posting this so I can come back and see how it played out but...
Previous idea on XRP didn't work out but closing in on the end of this big triangle. Seem to have a very strong support established now. If bitcoin behaves I think we can breakout, hit some resistance in the 1.50-1.60 range and hopefully break through and claim that as new support area.
XRP seems to be holding the trend line really well. I'm thinking we will run into resistance in the ~1.50-1.60 range, retrace back to around the 1.31 and then break through with a test of support hopefully heading for >2.00
Would love any constructive feedback.
DYOR yadda yadda yadda
First attempt at charting, seems like a descending triangle? Volume dropping as well perhaps.
Tested the 0.618 fib though will it retest and break down?
