Hi Everyone
Quick analysis on XRP. It seems likely the bottom is in, and from a previous pattern what comes next is likely a rally. However, it might still take another few weeks to complete the pattern.
From 2020 we saw a pattern that started in November and completed the next year in April:
1 - Lost support
2 - Bottomed out
3 - Retested support, failed
4 - Consolidated under resistance
Then facemelt rally.
Today, we see happening on higher prices than before:
1 - Lost support (0.236 Fibonacci)
2 - Bottomed out
3 - Retested support, failed
4 - Consolidated under resistance (0.236 Fibonacci)
...facemelt rally next?
Check out related ideas below.
Remember your free 3 day trial!
Best Regards
Ev
Quick analysis on XRP. It seems likely the bottom is in, and from a previous pattern what comes next is likely a rally. However, it might still take another few weeks to complete the pattern.
From 2020 we saw a pattern that started in November and completed the next year in April:
1 - Lost support
2 - Bottomed out
3 - Retested support, failed
4 - Consolidated under resistance
Then facemelt rally.
Today, we see happening on higher prices than before:
1 - Lost support (0.236 Fibonacci)
2 - Bottomed out
3 - Retested support, failed
4 - Consolidated under resistance (0.236 Fibonacci)
...facemelt rally next?
Check out related ideas below.
Remember your free 3 day trial!
Best Regards
Ev
