Just gone MIDNIGHT Close Report GMT 6th NOV AM now ,So here is a past view of the last 6 months on a 1 DAY chart, and why i am feeling Bullish on XRP. The Cup and Handle pattern has been playing out over the last 1-6 months, this is a clasic time pattern signals the continuation of an established bullish trend. If this plays out and Correlates with an XRPUSD price incresae, then we have the Calm before the Perfect Storm.Calculations of the estimated price increase can be estimated by measuring the base of the cup to the top of the right side of cup.this will indicate a suggested target zone. ON this pattern it comes to about 38%. from the top right of the Cup.There will be areas of resistance and testing support on the way up as marked in Orange bands and the Zones from 0-5 marked. Both XRPUD and XRPBTC have been impulsing in small burstto up direction togeather. This can lead to major impulsive moves, at a time when Ripple Swell Conference in Singapore is about to start on 6th Nov, in next few hours, the Ducks are linning up````! The detail is here, Trade what you see. Good luck.
If you liked this article please LIKE and FOLLOW. I enjoy the support and sharing my Knowledge, hope it helps. Mr X
If you liked this article please LIKE and FOLLOW. I enjoy the support and sharing my Knowledge, hope it helps. Mr X