What's up guys, so XRP has been sort of ranging with no significant price action since the last dip to (1.2)
There is a lot of controversy on whether we have bottomed out or there is more downside. Until now, no clear pattern has formed, but we now can clearly see a bearish symmetrical triangle pattern forming on the 1hr chart illustrated by my black lines above.
As we know, if it breaks above the top line we can expect an upside push probably to 1.40ish.
If it breaks below, I expect a drop to the $1.01 range.
I am currently short as Bitcoin has been unable to reclaim 50k level which could indicate it dropping to the 43k range next.
As always, if you like my work and find it helpful, please like and share. I would appreciate it. Thanks :)
There is a lot of controversy on whether we have bottomed out or there is more downside. Until now, no clear pattern has formed, but we now can clearly see a bearish symmetrical triangle pattern forming on the 1hr chart illustrated by my black lines above.
As we know, if it breaks above the top line we can expect an upside push probably to 1.40ish.
If it breaks below, I expect a drop to the $1.01 range.
I am currently short as Bitcoin has been unable to reclaim 50k level which could indicate it dropping to the 43k range next.
As always, if you like my work and find it helpful, please like and share. I would appreciate it. Thanks :)
