We can see in the chart a pattern: high variation fallowing by a consolidation in midle-term. If this pattern represents, in a far view, a S-curve, we will get a great up! To $4 or $5! Buy now? Better no, wait the value up more or a new good news.
My pitchfork have more than 24h preview the drop behavior. Fallow the idea, 9~8k is possible?
It is possible to see a new pattern based in a pitchfork like this.
It's possible to going down 12k, but I really don't know how much this will get force to down till 12 or 11k. A shot? Spreed orders arroung 13k+-1k or 14k~13.5k. I not read the last 10h-news, I'll now and be back right.
The two-dollar psychology was broken! Got some recover, but inside the pitchfork and below the mean. It is nota a rule, of course, but stay in the preview in my first chart analysis. The MA lines still indicates a drop, more slow. All that indicates strongly a possible to test the support line in $1.6. I didn't read the news for the last 10 hours, I'll read and be...
A support line of the head-shoulder pattern was broken. It is expected that the price will go down quite a bit, at least until about 12k, with a great "optimism" will test the 10k support (strong psychological barrier). I recommend fragmenting purchase orders into zones N1, N2. N1. high risk: for short and long traders and expert lenders. N2. middle-low risk: for...
I set the pitchfork to the new value and the drop is more pronounced. I think the support (and psychological barrier) of the 1.5 will be tested and may not hold, falling to $1 support (another psychological barrier - but much stronger). There are a lot of people waiting for $1.0~1.2, so I suggest fragmented purchase orders. I strongly believe it will not go down...
I set the pitchfork to the new value and the drop is more pronounced. I think the support (and psychological barrier) of the 1.5 will be tested and may not hold, falling to $1 support (another psychological barrier - but much stronger). There are a lot of people waiting for $1.0~1.2, so I suggest fragmented purchase orders. I strongly believe it will not go down...
There ar a red lines as a support price, the green lines is a resistance lines. Basically, we get a approx. mean price in U$ 2.5+-0.4, like a "psychology consolidated mean price" for Ripple (light gray rectangle). I suggest a consolidation behavior with blue arrow. The important observation is: how many buyers was holder? This will say if we get a breakout to up...
We can see a pattern of SHS and a correction for many higher (circles), that points may be seen as a support price. I really don't know what will happen, but it's very interesting how works the patterns of the price.
There ar a red lines as a support price, the green lines is a resistance lines. Basically, we get a approx. mean price in U$ 2.5+-0.4, like a "psychology consolidated mean price" for Ripple (light gray rectangle). I suggest a consolidation behavior with blue arrow. The important observation is: how many buyers was holder? This will say if we get a breakout to up...
Just add a circles to better view. I think that XRP price will deep more to bottom U$ 1, slowly if not good news happen, faster if there a bad news. The two arrow set my lower suggestions proportional the size.
Basically a far view of all evolution of XRP/USD