XRP
Depending on how you look at the W1 chart, price has either formed a Wedge or a Triangle pattern.
Either way expect momentum to be high once a breakout occurs.
W1
Price hovering at Support zone at the 4h tf. Bullish pinbars can also be seen at this zone
signifying the exhaustion of the bearish momentum. RSI is also at oversold level, with a Bullish
Divergence
Possible Cypher forming with D leg completing at the 6800 price zone.
Price is at .618 fib zone ext of the XAB move, if this pattern holds expect the price to bounce between
.618 - .786 fib ext of the ABC move, before eventually continuing to the upside.
4h
Depending on how you look at the W1 chart, price has either formed a Wedge or a Triangle pattern.
Either way expect momentum to be high once a breakout occurs.
W1
Price hovering at Support zone at the 4h tf. Bullish pinbars can also be seen at this zone
signifying the exhaustion of the bearish momentum. RSI is also at oversold level, with a Bullish
Divergence
Possible Cypher forming with D leg completing at the 6800 price zone.
Price is at .618 fib zone ext of the XAB move, if this pattern holds expect the price to bounce between
.618 - .786 fib ext of the ABC move, before eventually continuing to the upside.
4h