bejaneps

XRPBTC Ripple. Descending Triangle

BITTREX:XRPBTC   Ripple / Bitcoin
So, generally what I see from XRP graph is descending tiangle pattern and also it's approaching to lower band of RSI .

XRP has nice potentail to grow, assuming it's huge fall from 2.5$ to 0.6 cents. Also, there is high on demand on it, because it's overhyped coin ;)

There is support line at 8500 satoshis and there will be possibly 3 scenarios.

1. Yellow scenario - we are on light support level right now and if bulls succeed to push price from now, it will break triangle pattern and go up until 14-15k satoshis.

2. Blue scenario - here bears may push price until strong support price and there we will have triple bottom pattern, which is strong confirmation of uptrend.

3. Red scenaro - bears push price to support line and succeed to make it lower, than on short term it will go to it's 6k support.

In my opinion, possibility of 1-2 scenarios are higher, because BTC             shows bull symptoms and if it confirms, alts will follow BTC             trend also.
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