XRP BULL FLAG TARGETING $0.99. THE MAIN RESISTANCE TO LOOK OUT FOR WHICH WE WILL FACE VERY SOON IS THE DESCENDING LONG TERM DASHED RED TREND LINE.
20 EMA IS PRETTY CLOSE TO WHERE WE ARE AND APPROACHING OUR POSITION SO WE CAN COUNT ON IT FOR SUPPORT.
HAVING THE BULL FLAG DO ITS THING HERE'S WHAT HAS TO HAPPEN:
1) BACK ABOVE THE DASHED RED TREND LINE (THAT WOULD BE A MAJOR THING)
2) 50EMA
3)100EMA
4)200EMA
IF WE GET THROUGH ALL THESE RESISTANCE LEVELS, THE NEXT AND MOST IMPORTANT LEVEL WOULD BE A CLOSE ABOVE THE SOLID RED LONGTERM DOWN TREND LINE. IF THAT HAPPENS, WE HAVE A HUUUUGGGE INVERSE HEAD AND SHOULDERS PATTERN THAT MATERIALIZES THAT WILL SEND XRP UP TO BETWEEN $1.60 AND $1,70
NOW i KNOW THAT SOUND LIKE A LOT OF HURDLES TO JUMP THROUGH BUT BTC DID JUST THAT IN THE LAST DAY OR SO AGAINST ALL EXPECTATIONS. IN MY OPINION, IT WAS BTC FANS THAT BELIEVE IN BTC AND ITS VALUE THAT PUSHED IT THROUGH. IF YOU BELIEVE IN XRP, YOU WILL HAVE TO DO THE SAME. WEVE SEEN $3,50 NOT THAT LONG AGO, THE ABOVE TARGETS ARE NOT FAR FETCHED.
THE ABOVE ARE MY OPINIONS AND SO PLEASE USE YOUR OWN JUDGEMENT AND TRADE RESPONSIBLY. CRYPTO-CURRENCIES ARE A VERY VOLATILE AND FAST CHANGING TRADING SPACE UNLIKE ANYTHING WE'VE SEEN BEFORE. THINGS CHANGE ERRATICALLY AT TIMES SO ITS IMPORTANT TO BE NIMBLE AND CHANGE YOUR POSITION WHEN TRENDS OR PATTERNS YOU FOLLOW FAIL TO REAP THE FRUITS YOU HOPED FOR.
GOOD LUCK AND IF YOU LIKE MY IDEAS, CHARTS AND COMMENTARY, PLEASE ENCOURAGE BY LIKING AND FOLLOWING ME ON TRADING VIEW.
20 EMA IS PRETTY CLOSE TO WHERE WE ARE AND APPROACHING OUR POSITION SO WE CAN COUNT ON IT FOR SUPPORT.
HAVING THE BULL FLAG DO ITS THING HERE'S WHAT HAS TO HAPPEN:
1) BACK ABOVE THE DASHED RED TREND LINE (THAT WOULD BE A MAJOR THING)
2) 50EMA
3)100EMA
4)200EMA
IF WE GET THROUGH ALL THESE RESISTANCE LEVELS, THE NEXT AND MOST IMPORTANT LEVEL WOULD BE A CLOSE ABOVE THE SOLID RED LONGTERM DOWN TREND LINE. IF THAT HAPPENS, WE HAVE A HUUUUGGGE INVERSE HEAD AND SHOULDERS PATTERN THAT MATERIALIZES THAT WILL SEND XRP UP TO BETWEEN $1.60 AND $1,70
NOW i KNOW THAT SOUND LIKE A LOT OF HURDLES TO JUMP THROUGH BUT BTC DID JUST THAT IN THE LAST DAY OR SO AGAINST ALL EXPECTATIONS. IN MY OPINION, IT WAS BTC FANS THAT BELIEVE IN BTC AND ITS VALUE THAT PUSHED IT THROUGH. IF YOU BELIEVE IN XRP, YOU WILL HAVE TO DO THE SAME. WEVE SEEN $3,50 NOT THAT LONG AGO, THE ABOVE TARGETS ARE NOT FAR FETCHED.
THE ABOVE ARE MY OPINIONS AND SO PLEASE USE YOUR OWN JUDGEMENT AND TRADE RESPONSIBLY. CRYPTO-CURRENCIES ARE A VERY VOLATILE AND FAST CHANGING TRADING SPACE UNLIKE ANYTHING WE'VE SEEN BEFORE. THINGS CHANGE ERRATICALLY AT TIMES SO ITS IMPORTANT TO BE NIMBLE AND CHANGE YOUR POSITION WHEN TRENDS OR PATTERNS YOU FOLLOW FAIL TO REAP THE FRUITS YOU HOPED FOR.
GOOD LUCK AND IF YOU LIKE MY IDEAS, CHARTS AND COMMENTARY, PLEASE ENCOURAGE BY LIKING AND FOLLOWING ME ON TRADING VIEW.
Komen:
ACTUALLY THE ICH. COULD IS WHAT SENT US BACK DOWN A LITTLE. WE CAN SEE THAT THE BOTTOM OF THE COULD IS WHERE WE WHERE REJECTED. IN ESSENCE, WE PASSED THE 50EMA A LITTLE WHICH SOMEWHAT WEAKENS ITS RESISTANCE POWERS MOVING FORWARD.
ALSO, SO AS NOT TO MISLEAD, I DONT WANT TO OVEREMPHASIZE THE IMPORTANCE OF THE DASHED RED LINES SUPPORTIVE POWER AS IT TOO WILL BE TESTED AS SUPPORT. UNTIL THAT IS CONFIRMED, I DONT WANT TO JUST ASSUME IT.
ALSO, SO AS NOT TO MISLEAD, I DONT WANT TO OVEREMPHASIZE THE IMPORTANCE OF THE DASHED RED LINES SUPPORTIVE POWER AS IT TOO WILL BE TESTED AS SUPPORT. UNTIL THAT IS CONFIRMED, I DONT WANT TO JUST ASSUME IT.
Komen:
I HOPE SOME OF YOU TOOK ADVANTAGE OF MY ANALYSIS AND WHERE ABLE TO MAKE SOME $$$
STEP TWO, THE 50EMA WAS NOT OVERCOME BUT WILL CETRTAINLY BE TESTED AGAIN SOON.