Descending Channel

11 Dis 2020

Hi, everybody. I have been sharing my charts in chats lately. Then I thought why not I publish my chart that could be helpful. Right now, I see xrp has been down the descending channel. I am sure it will dump at some point. Bitcoin has not hit 20k yet, flare airdrop, and more liquidation is needed. Dump to possible .49 area, could be deeper. For now, I see the channel toward to .49. If xrp goes down passing the channel, could go lower than .49, maybe .40. Will we go lower than .40? Most of us can't predict perfect right. xrp could go back to .30. Or maybe not. So far, my chart tells me xrp is in descending channel toward to .49. Any idea or chart to share, go ahead share with me. Id love to hear your idea with chart. =)

11 Dis 2020

Nota

Closeup on 1 hour.

11 Dis 2020

Nota

This is a trap. It will be liquidating from .58 until dump.

11 Dis 2020

Nota

I believe xrp will be liquidating but my chart tells otherwise. xrp is in diamond pattern now. We should watch closely here and set up stop loss.

11 Dis 2020

Nota

Still inside the diamond with a high volatility.

I accidentally added the same update in a comment below.

12 Dis 2020

Nota

The bull trap I warned about obviously caused the high volatility and bull lost the control right before the middle of diamond pattern. Support held at .52 and continued declining. Now support seems beginning to pick up. Xrp could go up to .56 to retest. So far, .50 is a strong support. I think it could be bounced from there or one more dump before bigger pump. Therefore, xrp is still in descending channel.

16 Dis 2020

Nota

Let's see if xrp breaks the triangle and downtrend channel. If so, we will know xrp is going to up