Fan line f1, f2, f3 all are broken which indicates than bear market is over and it is bulls time to shine.
Fan lines expectation are very rare, though price can make another low before it starts to pump, as market sentiments are biased towards bulls and bitcoin is about to make a move there is a chances that if bitcoin started to move towards 9.6k - 10k ripple...
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Let's get to the chart.
Guys firstly I need you to understand, TA is the perfect way to speculate the future...
Hi friends,
Writing my first technical analysis on the forum,
coming few hours are very crucial for XRP price.
MACD histogram is showing trend reversal and MACD slow and fast lines are about to form double bottom bellow the zero line if confirms the formation and cross the zero line it will be bigger bullish.
if its fails to form the double bottom we are...
That’s just the beginning for xrp users and fans ,this what my technical analysis report shows ..the points are dam exact,(though it was a prediction )
Note:-(As we no crypto is all bout risk taking)
No one is there to guess the exact point or price it’s just prediction .
XRP also made a downward move as predicted on NOV 2. Now there is a higher probability for a move to the previous resistance level in the coming weeks.
There is a higher probability that the price may test the previous lows in the coming months if no other fundamental catalyst is involved. Then there may be a price surge to about 50 % before making any further corrections.
XRPUSDT Graph 4h.
Reason and Confluences:
1.Equal Rsi divergence on the both time frame daily and 4h.
2.there's a clean falling wedge pattern.
3.following double bottom.
interesting to see If and Then scenario how will it work out.
Fear stands for - False Evidence Appearing Real.
#XRPUSDT #cryptocurrency #TradingView @in_tradingview
