✴️ Can The XRP Chart Reveal Anything About The Case & Crypto?

14 באפר׳ 2023

What is the chart saying?

- A bullish chart can say that the Ripple vs Sec case will do good.
- On the other hand, a bearish chart long-term would signal that Ripple is going to lose.

This is quite simple:

1) If prices are set to grow, then something positive will develop.
2) If prices are set to drop, then something negative will show up.

First you get the chart, the signals, the market and then the event, the news, the reaction shows up...

Just as we spotted a bullish Dogecoin and afterward Twitter changed the logo to a Shiba Inu and Dogecoin jumped.
The chart will tell you about the event before it happens, you just can't tell the details but you will know if the event is either bullish or bearish, down or up.

Here is the chart:


April 1, 2023 "The chart is saying up... Later on news and events will show up to match the chart... Just watch. "
✴️ Dogecoin Really Strong | The Market & The Charts (175%)


What is the XRPUSDT chart saying?

First, we can read the chart wrong, we can make mistakes but the market never makes any mistakes...

The chart is bullish, the trend is bullish but things can change.

The candle wicks since June 2022 have been printing higher highs and higher lows.

The candle closure as well which is really important if not more important than the wick.

Now, after the 29-March peak we have a small retrace followed by some consolidation, but this is happening high up and near resistance and this is where the mix can happen.

Since the current session is trading within a lower high, things can change and move to the negative side, but this is only looking at it short-term.

If this were to happen, confirmation would be needed before the bears move ahead.

When looking at the mid-term picture in the context of the overall market and last year's bearish wave, we can see that the potential is for prices to move higher...

Even on a drop, XRPUSDT remains 100% bullish technically speaking above its June 2022 low and this removes any potential and all confusion; The market is technically bullish as long as it trades within higher highs and higher lows.

The more a resistance level is challenged, the weaker it becomes.

The 0.55-0.60 resistance has been challenged more than once, while the June low 0.30 support has been challenged only once on a wick... The bulls have the upper hand short, mid and long-term, says the chart.

We can see straight up or some correction and then up... (Arrows for illustration only)

In Q3/Q2 2023 things can change but the current view still supports a bullish wave.

Let's see how the charts look after the next high is in place.
This will give us a better long-term picture and helps make better projections since we are still within the same wave, the same phase, the same long-term consolidation...

Namaste.