XRP: Textbook Descending Triangle!
Have a look at the previous video analysis guys:
=>We perfectly anticipated the Descending Triangle shaping up. Since we're in a bullish upmove, we don't have to break it bearish: both break directions are possible, and are gonna highly depend on BTC.
On that note also the direct correlation XRP/BTC is perfectly shaping up a Falling Wedge, with 3 Doji candles right now:
=> The Falling Wedge is usually a bullish continuation pattern, esp. after a strong upmove. But again, this will depend on BTC's price action.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
=>We perfectly anticipated the Descending Triangle shaping up. Since we're in a bullish upmove, we don't have to break it bearish: both break directions are possible, and are gonna highly depend on BTC.
On that note also the direct correlation XRP/BTC is perfectly shaping up a Falling Wedge, with 3 Doji candles right now:
=> The Falling Wedge is usually a bullish continuation pattern, esp. after a strong upmove. But again, this will depend on BTC's price action.
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.