XRP UPDATE TUESDAY 10.1.19
Updated
Good afternoon all!
XRP has been consolidating bullishly after breaking out of the weekend triangle. If we reset the charts we can see a rising channel with a potential target area of just under $0.28 if this Bull pendant/flag plays out and pushes up.
15 minute chart. Possible pendant formation with breakout moves mapped out
1H Chart Rising channel for XRP currently forming a possible bullish pendant.
4H chat zoomed in down sloping consolidation over moving averages after a major move up.
1D chart rising channel met with resistance at the 13 and 21 EMAs. Upper targets are at the 0.5 and 0.618 fib levels.
XRP has been consolidating bullishly after breaking out of the weekend triangle. If we reset the charts we can see a rising channel with a potential target area of just under $0.28 if this Bull pendant/flag plays out and pushes up.
15 minute chart. Possible pendant formation with breakout moves mapped out
1H Chart Rising channel for XRP currently forming a possible bullish pendant.
4H chat zoomed in down sloping consolidation over moving averages after a major move up.
1D chart rising channel met with resistance at the 13 and 21 EMAs. Upper targets are at the 0.5 and 0.618 fib levels.
Note
Price has fallen through the pendant and will most likely continue down.
Note
support with a nice wick! Certainly a little big too be a flag but still possibly a down sloping channel
Note
After breaking the pendant formation support line, price revisited as resistance and returned to the low. Volume is coming down on these recent decline and could be coming to an area to pivot from
Note
support and back at the top of the gold channel. We need follow through for the upper targets of $0.28
Note
Watch for a possible break of this down channel to retest the previous high
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