Hello Trading Maniacs.
As you can see on the lovely chart, Ripple is about to go to point of no resistance and gaining bullish market sentiment. Our baby is not going left behind so we expect XRP is putting on her dancing shoes and going for it. Short term projection is + at least 33% increase! On the chart you see inverted head and sholders, but extended ones. There is no real name to this pattern, but I call it the Lakeside Himalaya. It looks like you see the mountains of money in a lake. Dreaming about all the good things you can do with your piles of money.. (donate to animal charity, buy your family a good home, improve someone else lives.. endless opportunities)
Expect this trade to lift off in about +- 4 hours or less. More is also possible cause every coin I predict is doing better as expected!
The ADX is still weak but a lot of room for gaining trust, volume is also not doing much, but this picks up. Volume is a good trend reversal indicator, the trend already reversed, so dont put to much focus for now. 50 ema is going to support the outbreak. If you are not in this trade by now, you could enter after a double bullish candlestick pattern or a clear breakout. Up to you, this is btw not trading advise, its for educational purposes only, dont blame the messenger. Your money is your responsibility, not mine! :)
To be sure what projections are, we need a confirmation of the outbreak, because it could fall back, unlikely but not impossible.
I love to predict the future, call me a wizard, call me yours, sincerely yours, Tomasso aka CrypTom