ripple technical analysis
today is our first analysis xrp.
When analyzing xrp, I will try to analyze both dollars based and btc based. first look at dollars.
when I look at the weekly chart there is an eerie bear candle (red candle) and a bigger candle than the volume bull candle that formed last week. This, frankly, does not frighten me. but we keep on waiting because we have a great deal of ripple expectations.
seems to be making a correction on the daily chart...
hourly chart looks like this:
The correction on the hourly chart looks better. I draw this flag formation with red...
and broke the flag. this marks good...
It looks clearer on the 30-minute chart.
after the price flag is broken, tested three times but not the expected rise...
there is a gartley pattern formation. the price can make a rise with gartley pattern. in which case the price could go down to $1.65800
let's come to bitcoin based graphics:
double peak in weekly chart ... if the bitcoin is to rise, this formation will upset the XRP holders
Trend turn formation on 4 hour chart... but the price has received a strong force in the support channel.
We have a resistance line with red that can not be broken in the 30-minute chart...
and two beautiful harmonic patterns ... 13200 sast.
13100 sast. and 12400 sast. levels that we expect for the upward movement...
if you follow me and upvote very much.
Thank you so much for reading!
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