People still calling Xrp to go down oO - Gann shows us the Day candles haven't touched the 2nd arc pair after exiting the first - This has to happen or it wouldn't have cleared the 1st arc pair - 2nd arc pair is around $1.19 - On the hour chart we see the candles on support in the 2nd arc pair, the next arc up on this chart is again at $1.19 - I see support around $1+ and a further run up coming - Should a retracement happen the lowest it will go is $0.88, this is not impossible but I see it as unlikely
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Bear pie anyone?
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Candles stopped perfectly by the arc - inside the arc beneath descending resistance and support now - a falling wedge in other charting terms - You should get a re-buy between $1.09 and $1.14 - Next target is the next arc around $1.34 - Hodlers have a nice Christmas, you got nothing to worry about
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Xrp can get to $1.69/$1.70 on this rally, off the top of the hour chart
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Great example of the arcs at work on the 1 hour chart, if you're not familiar with how to read Gann charts then this should give you an idea - In terms of the trade just look to the whole market, it seems exhausted currently
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Back in action on the day chart - If the price can push thru the red first arc pair and open a candle above IT WILL make it to the green second arc pair, that is guaranteed on a Gann chart - Second arc pair would put the price between $1.50 and $1.65
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Xrp new day candle just opened above the first arc pair, previous resistance is now support - If the price wasn't going to the next arc then the candle wouldn't have opened above this one, simples - It's always a rocky ride for Xrp, but kick back with a cold one, we're going up more