Hello Traders and Investors, today I will take a look at XRP.
--------
Explanation of my video analysis:
In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly lining up with a horizontal structure, creating a confluence of support at the $0.48 level. If we do get bullish confirmation, a bullish rejection is very likely to happen.
--------
Keep your long term vision,
Philip (BasicTrading)
--------
Explanation of my video analysis:
In 2017 XRP created a major triangle breakout and rallied more than +35.000% towards the upside. Since the beginning of 2018 XRP has once again been creating a triangle formation and is about to retest the lower support of the pattern which is perfectly lining up with a horizontal structure, creating a confluence of support at the $0.48 level. If we do get bullish confirmation, a bullish rejection is very likely to happen.
--------
Keep your long term vision,
Philip (BasicTrading)
Kommentar:
So far we are seeing exactly the move which I mentioned in the analysis.
Time for a move - target is either resistance or the mooooon...
Time for a move - target is either resistance or the mooooon...
Just waiting for some bullish confirmation now...