XRP downlink. The figure "Cup with handle." Pivot points.

8 Nov 2019

Upside potential for the channel height + 150%
Upside potential to the resistance of the "cup" + 32%

Upside potential "Cup with handle"
from the resistance line of the "cup" + 58%
from these prices + 90%

Who uses Stop Loss. Stop loss is placed under the downtrend line of the internal channel.

Know what matters is not the Stop Loss size, but the entry point!
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The coin is in the downward channel for about a year. It trades well along downtrend lines that act as support / resistance. At the moment, the figure "Cup with handle" is being formed, the cup has formed, the handle has almost formed.

The downtrend is playing the role of supporting the “Handle”. If we break it down (red zone), the price will most likely fall to the bottom of the downward channel.

If an upward movement starts from this trend, the first goal is the resistance of the "Cup" 0.000038 (this is + 32%).
When this resistance is punched, and the price fixes above it, then we confirm the "Cup with handle" figure - the potential of movement is + 58% of the resistance of the cup.
You also need to understand that if all this is confirmed, then quite possibly the price can reach the upper border of the channel, and this is + 150% of today's prices.

All the pivot points on which further movement will depend and the robot algorithm I showed on the chart and described above.