XRP bear trap confirmed and finally broke the suppression?
Diupdate
Previous analysis i showed a nice bullish wedge which played out perfect. Broke out, then it did hesitate a bit, but stayed above the new blue support zone i showed in the update. I see we have made another big push now. Broke the .036 resistance already and even touched the 0.4. This 0.4 is also a big resistane at the moment, which won't be an easy one to break. But if we see a stable bitcoin and seeing xrp being able to stay above the 2 greens on the right, than it might be able to form a bull flag and prepare for another push upwards. If they can pull this bull flag off, the next target should be 0.5ish.
I would write this down about the bear trap move. I have shown several past half year on a few, they have all been big lows. Basic TA tell you the opposite, see it as the failing trades. But when seeing a pattern in these failing trades, you can turn a loss into a nice win even. See it as if you are able to spot the whales with this. They don't always work out, but at least you have something to prevent a loss.
Now biggest question i have, the xrp/btc pair had made a possible low now as well. At support and a big reversal candle. But when looking back at past half year, there have been a few more of those, but they all failed again.
Previous analysis:
I would write this down about the bear trap move. I have shown several past half year on a few, they have all been big lows. Basic TA tell you the opposite, see it as the failing trades. But when seeing a pattern in these failing trades, you can turn a loss into a nice win even. See it as if you are able to spot the whales with this. They don't always work out, but at least you have something to prevent a loss.
Now biggest question i have, the xrp/btc pair had made a possible low now as well. At support and a big reversal candle. But when looking back at past half year, there have been a few more of those, but they all failed again.
Previous analysis:
Catatan
When zooming in a bit, we can see it keeps dropping on the low time frame. Now the idea is, we need to see another bounce again, preferably between 0.39/0.4. if that happens, the chances for a bull flag increase a lot
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.