XRP Triangle breakout to .10 cents? Bullish reversal to .70?
Analyzing the weekly chart we can see that xrp has reached the point of most resistance in and around the .30 cent range.
Bollinger the $0.30 range is significant because we have reached the point where most resistance is shown on the VPVR and we have also reached the bottom line of a triangle.
-We have touched the bottom band on the bollinger- if we were bullish, expect a push to .65 - .80 last true resistance to ascend upward to 1.00 (band top) where we should break through.
EMA ranges: .50/ .60/ .67/ .71 with .80 sitting as resistance.
(I expect to touch 20/50, minimum .70)
We are still under the ribbon- a ribbon reversal would put us in and around the .70 cent range (where I ultimately see it going)
Longer term outlook:
Bullish: Close over .55 cents
Estimated price ranges for a bullish reversal - using another analytics
FIBS: .70, 2.82, 3.68, 4.20
Bearish Scenario:
.10 cents - Any lower and nobody knows….
I am playing it safe at this time. Too much uncertainty and possible manipulation in play.
Bollinger the $0.30 range is significant because we have reached the point where most resistance is shown on the VPVR and we have also reached the bottom line of a triangle.
-We have touched the bottom band on the bollinger- if we were bullish, expect a push to .65 - .80 last true resistance to ascend upward to 1.00 (band top) where we should break through.
EMA ranges: .50/ .60/ .67/ .71 with .80 sitting as resistance.
(I expect to touch 20/50, minimum .70)
We are still under the ribbon- a ribbon reversal would put us in and around the .70 cent range (where I ultimately see it going)
Longer term outlook:
Bullish: Close over .55 cents
Estimated price ranges for a bullish reversal - using another analytics
FIBS: .70, 2.82, 3.68, 4.20
Bearish Scenario:
.10 cents - Any lower and nobody knows….
I am playing it safe at this time. Too much uncertainty and possible manipulation in play.
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