XRPלונג
Falling Wedge with XRP and Key Crypto News Dates
This is not financial advice, thank you. :)
The falling wedge pattern is normally characterized as a reversal pattern and the XRP chart appears to be following the textbook in my opinion. I personally believe we are still in a bull market/uptrend and thus further bringing validity to this exciting reversal pattern. The channel is narrowing as to indicate that the downtrend is losing steam. Though from what I am seeing the price of XRP may drop as low as 41 cents. Keep in mind that outside of the TA there are some monstrous catalysts which will influence the crypto market as a whole. I plan dollar-cost averaging down to these fib-levels of support.
What are your thoughts? Let me know if you see something different!
All the best,
NinjaEngineer
The falling wedge pattern is normally characterized as a reversal pattern and the XRP chart appears to be following the textbook in my opinion. I personally believe we are still in a bull market/uptrend and thus further bringing validity to this exciting reversal pattern. The channel is narrowing as to indicate that the downtrend is losing steam. Though from what I am seeing the price of XRP may drop as low as 41 cents. Keep in mind that outside of the TA there are some monstrous catalysts which will influence the crypto market as a whole. I plan dollar-cost averaging down to these fib-levels of support.
What are your thoughts? Let me know if you see something different!
All the best,
NinjaEngineer
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