Quick analysis on XRP/USD.
XRP is currently fighting the 200 day EMA, after forming a bottom and conquering the 50 day EMA and turning it into critical support.
I have also drawn a very preliminary, not verified, just a guess, Rising Wedge.
Price action over the next few days will determine if this little hunch as any merit at all. If it does, i expect some sharp jumps over the next month, with volatility decreasing as time goes on.
My target levels for the next few days is at 1.20-1.40, after that, I will be more bullish of seeing prices go to 2.50 over the next month or so.
This is a very early thought that i had while looking at this graph and I Wanted to share to see what you guys think! Thanks!
XRP is currently fighting the 200 day EMA, after forming a bottom and conquering the 50 day EMA and turning it into critical support.
I have also drawn a very preliminary, not verified, just a guess, Rising Wedge.
Price action over the next few days will determine if this little hunch as any merit at all. If it does, i expect some sharp jumps over the next month, with volatility decreasing as time goes on.
My target levels for the next few days is at 1.20-1.40, after that, I will be more bullish of seeing prices go to 2.50 over the next month or so.
This is a very early thought that i had while looking at this graph and I Wanted to share to see what you guys think! Thanks!
Komentar:
Did you guys see that jump off the bottom of my Rising Wedge? It ran right up to the 1.20 area. No we are trading around the 1.15 area. I expect XRP to keep trading above that the bottom of the rising wedge, and nice jumps up when testing it. Still Looking for 1.20-.140 over the next day or 2! Stay Tuned!