XRP WEEKEND UPDATE! 9.28.19: BREAK COMING SOON!
Updated
Hello all!
Volume is coming down at the end of this rising triangle. A break of this should be coming very soon. RSI is on an uptrend on the 4H with MACD showing positive momentum starting up again. As we have seen with the falling wedge here that bullish patterns do not always play out as they are "supposed" too.
A break above the tip off this wedge will most likely be revisited as support before the possible 0.618 target. The area marked with the purple circle is possible for a break of the rising purple channel, however could be heavily rejected for lower prices.
1D chart previously a similar drop resulted in a rising triangle break followed by sideways movement. XRP could be getting ready to repeat this pattern. The white zone represents a strong area for support and resistances.
15 minute chart. Price is holding a rising support line meeting $0.248.
1H chart. Price seems to be revisiting the falling wedge pattern that had an extreme break down - patterns do not always play out. Breaking above this now would be a great sign. Watch for a retest and support on the tip of this wedge. The rising triangle target is the 0.618 of the two white circled price points.
4H zoomed out potential moves to come marked by the colored arrows.
Volume is coming down at the end of this rising triangle. A break of this should be coming very soon. RSI is on an uptrend on the 4H with MACD showing positive momentum starting up again. As we have seen with the falling wedge here that bullish patterns do not always play out as they are "supposed" too.
A break above the tip off this wedge will most likely be revisited as support before the possible 0.618 target. The area marked with the purple circle is possible for a break of the rising purple channel, however could be heavily rejected for lower prices.
1D chart previously a similar drop resulted in a rising triangle break followed by sideways movement. XRP could be getting ready to repeat this pattern. The white zone represents a strong area for support and resistances.
15 minute chart. Price is holding a rising support line meeting $0.248.
1H chart. Price seems to be revisiting the falling wedge pattern that had an extreme break down - patterns do not always play out. Breaking above this now would be a great sign. Watch for a retest and support on the tip of this wedge. The rising triangle target is the 0.618 of the two white circled price points.
4H zoomed out potential moves to come marked by the colored arrows.
Note
XRP is below the triangle but there is no breakout volume just yet.
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