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Feb 23, 2018 9:53 AM

upward channel formation for xrp 

XRP / EuroBitstamp

Description

Last idea on xrp was too optimistic, but I believe we do have an up channel forming (orange lines)

Comment

Another way to look at it... Obviously, these are just ideas. I would not recommend any trading on any of this though. After last months I expect there to be consolidation a few more weeks, possibly months. I believe we have seen the bottom earlier this month, but it will be a while before we see a proper rally upwards.

Comment

Same as with other coins bottom of the channel got tested, but remained intact

Comment

I believe a triangle was forming at the bottom of the channel, and it broke upwards a few hours ago. I think xrp will recover towards 90 cents next, with further grow ahead

Comment

No, not out of the woods yet

Comment

Starting to look good

Comment

Or not... Might have jumped the gun on things looking good (wouldn't be a first). If this triangle breaks down, xrp could revisit the 61 cents.

Comment

Maybe now? This one seems to have a bit more volume. Still ways to go to speak of proper recovery, but an up break from the current triangle would be a good sign.

Comment

Looking at xrp-btc, there seems to be a break from a down channel as well. Incidentally, it touched an uptrend line xrp formed end of last year. This could be the forming of a hight low against btc, and could be mean we will be looking at some upward valuation for a while

Comment

Let's try that again... didn't copy to clipboard last time. And updates can't be edited...
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