AdrianKMM
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17Ideas
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0Joined Sep 25, 2020
fibonacci
harmonicpatterns
slp
slpusdt
slpusdtidea
supportandresistance
trendanalysis
waveanalysis
xrp
xrpusd
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The value of this currency has sharply decreased after its uptrend and created a downward spike. After 40 days of continuous accumulation phase, we had the XABCD pattern in the 4H time frame. So, we can expect to grow as big as a XA chord after breaking the trend line top of the CD Chord in the harmonic pattern. Due to the downtrend, the possibility of a sudden...
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Usually, in uptrends after two peaks, a correction of about 50% occurs and continue its upward trend again also According to Fibonacci, from the beginning of the uptrend to the last peak, the price has come back to the level of 0.382 and has returned, we can expect the price to break its last ceiling and touch the level of -0.272 and -0.618.
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