Ripple (XRP): Waves, Pattern & Cycles Are Bearish
5 years ago in #haejin by haejin (87)
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Welcome back Friend!
Oh yes, that fractal is potential. However, with BTC expecting sub $3k; that becomes less likely and the H&S Top pattern takes primary chair.
lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short term trend, the is expected to fall -34.13% during the next 3 months and, with 90% probability hold a price between $0.14 and $0.26 at the end of this period
Your analysis is always helpful. Yes you are right there are big difference between possiblity and probablity.
The price of the rebound rebounded again to start the pressure on the pivotal support 0.29, which signals the direction of the price to resume the main bearish trend, which has the next main target at 0.24 Stochastic are negative factors support the chances of continued decline during the coming sessions, The downside bias for the day remains valid, noting that a break of 0.33 will halt the expected decline and push the price to recover again.
Rebound is quite normal..lower lows ahead. Very dangerous to be in Ripple.
You only look at the patterns which is why your predictions are so often wrong.
XRP/Ripple fundamentals are so bullish it's insane. They have 200 financial customers using RippleNet and expanding xRapid (XRP use).
There is no way it can go down so low.
I would love to see 15-20 cent range but I doubt we will see it.
Wrong? My analysis is for the next several months. Let's see what happens.
You had done a quite a work as always.
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