XRP
Panjang

XRP next potential move to $4.00 !

537
Between now to 17 March - Potential scenario's for XRP

Bearish scenario's
  • 3D RSI need to break 55 . If reject at around 55 or lower, it will go downtrend to 28 or below. Look for signs if crossing the SMA yellow line for bullish move.
  • MACD on 3D showing hope for uptrend but lets see if it breaks above by 17th Mar.
  • Full Moon indicator printed today, usually marks the downtrend scenario to begin today till 29
    March before a new moon begin
  • * A potential rejection can happen at $2.48 or $2.60. If breaks above and stays there, then good.
  • * Ascending broadening pattern is generally bearish and it's a sign that it's nearing a significant resistance level it indicates an upward momentum is weakening and a potential breakdown can happen


Bullish scenarios
  • Daily candle looks good now but may be short-lived beyond the 17th Mar. So watch the movement towards this date
  • 3D candle have been bearish since 22 Jan. 2nd half of March need to show upward strength
  • Candle bounced at 50 MA and showed signs of upward trend.
  • This ascending broadening wedge is quite unique in my opinion. It also shows the market is quite undecided about which direction to go and waiting for a violent move. But if you notice the trajectory, the likelihood is more is towards uptrend.
  • It needs to break the $2.48 and $2.60 with a volume for the pump to arrive at a new ATH of $4.00
  • Beyond $4.00 is the new price discovery zone and it's anyone's guess where it will go next. Perhaps back to $1.00 😅 for a cooling down retracement?


Next Likelihood Potential Move
↗️Bullish: 60%🟢
↘️Bearish: 40%🔴

Penafian

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