XRP momentum setup (end of 2019)
Hello all!
AS you can see, there is a descending triangle unfolding in front of our eyes, and the climax zone (red) is surely approaching. Momentum will arrive and all of our desires will come true.....
Anyways, a solid breach over the yellow line in this triangle could set up a massive move to the upside. But, the whole setup is dependent on XRP holding above 0.25.
If the price moves below 0.25, then a move down to around 0.12 could be very possible. But, at that price, people would buy like crazy and the price could gain a strong bullish reversal from there. If you pull up the XRP/USD poloniex chart, then you will see what I'm talking about.
Bada
AS you can see, there is a descending triangle unfolding in front of our eyes, and the climax zone (red) is surely approaching. Momentum will arrive and all of our desires will come true.....
Anyways, a solid breach over the yellow line in this triangle could set up a massive move to the upside. But, the whole setup is dependent on XRP holding above 0.25.
If the price moves below 0.25, then a move down to around 0.12 could be very possible. But, at that price, people would buy like crazy and the price could gain a strong bullish reversal from there. If you pull up the XRP/USD poloniex chart, then you will see what I'm talking about.
Bada
Xavier Zeppelin III
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