I am new to trading and publishing ideas so I have limited knowledge compared to those who have done so for years.
After analysing xrp and other cryptos for a few months now, it feels like I have predicted the outcome a few times, but I can never be certain.
Why $1.40? it looks like Xrp has broken the bearish trend and is now starting to rise. On a daily chart it looks like it has reached the bottom trend line, and in a weeks time, it could contest the top trend line, which will be $1.40.
On a 4 hourly chart xrp looks like it is forming a descending wedge. If it breaks out of this wedge, it could rise to $0.96-$1.00.
The stochastic for the Daily and 4 hour chart are also low, which could show a possible rise.
Personally, I'm going long and am going to hold until $1.40. I expect there to be retracements in between.
As my first post, I'm sure no one will see this. I am also not a financial adviser so don't blame me if it goes the other way, if it goes down that's my loss. I just thought I would share my opinion. Do with it as you please.
After analysing xrp and other cryptos for a few months now, it feels like I have predicted the outcome a few times, but I can never be certain.
Why $1.40? it looks like Xrp has broken the bearish trend and is now starting to rise. On a daily chart it looks like it has reached the bottom trend line, and in a weeks time, it could contest the top trend line, which will be $1.40.
On a 4 hourly chart xrp looks like it is forming a descending wedge. If it breaks out of this wedge, it could rise to $0.96-$1.00.
The stochastic for the Daily and 4 hour chart are also low, which could show a possible rise.
Personally, I'm going long and am going to hold until $1.40. I expect there to be retracements in between.
As my first post, I'm sure no one will see this. I am also not a financial adviser so don't blame me if it goes the other way, if it goes down that's my loss. I just thought I would share my opinion. Do with it as you please.