This pattern is always seen together with negative sentiment after a huge run up. The long term pattern is bullish for a market that enters an accumulation phase. Ripple already has tons of costumers which gives them ≈25b in the bank non debt clean credit to reinvest in the ecosystem around xrp... Based on this alone, xrp should be valued already at 100$+ once...
I would normally put the market crash 1-3 yrs after 10-2 yield curve is flat/inversed but man o man something smells different about this time... The interbank lending stopped after 2008 = the system was dead IBOR 2021...
A swing trader always ensures exponential buying/selling weight near atl and ath reverse to what the market seems to be doing. Most often these type of accumulations take time as they are in nature inverse to what the other 99% are doing hence often creating stretched out c-shaped cup patterns with handles. Here is an excerpt from "The secret trading strategy...
I see a cup formation starting to form here. The bottom will be above last breakout in this case $0.25 - $0.55 where smart money should move in which will cause a sideways bottom pattern to form with great divergence.
Volume should come in here
Volume is low, There is great potential for a Tsunami coming XRP's way if we break up at the end of this triangle / H&S / Correction Looking at targets 2$ is based on the height of Head to Shoulder Support. Long term we're looking at 4-5$ b4 another correction then -> 10-20$ Remember to have an exit strategy with stopLoss in place b4 trading.
Pay attention to BTC More and more it looks like bitcoin will lead the next surge in crypto Valuing Bitcoin in other crypto from top 10 we can see that XRP/Ripple is looking oversold.
always look at evaluation between currency pairs not tradable as well.. It tell a story of potential risk/reward
"Buy when the streets are bloody" ... That's how the rich gets richer Don't fall into the scarecity mindset.
XRP looking to bottom out here and surge. Always have a exit strategy in mind when investing
We're looking at soon hitting long term support here (3hits b4) on the log scale. Provides for a great opportunity for an investment. Always have an exit strategy in mind if support should break
Targets. Remember to have an exit strategy
high % of price correcting from these target prediction before another move
It's a long term trade but the % for this happening increases for every month of the record long growth period we have lived through. This is of course without the "Gold Bug Reset"... Just based on the graph and data alone gold to $4000 is a solid growth. Consider taking this trade but do your due diligence first.
Nice Profit Potential
5+ Risk/Reward Opportunity
Great opportunity ahead