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mycotoxin
14 janv. 2019 19:15

XRP needs to move past .35 and .36 for a move to .38 

XRP / DollarBitfinex

Description

XRP currently moving in a falling wedge and needs to move past .35 .
XRP faces very strong resistance at .36 which was the last strong support .
If XRP cam move past .36 it can head to .38 and take another shot at .41

Commentaire

my thought is XRP may make it to .36 and fail there . unless there is a very large bullish candle which shows up to move it higher to the .38 area,

Commentaire

XRP is also moving in a descending triangle which is a bearish continuation pattern to the downside and XRP to break upwards out of this triangle to continue moving much higher

Commentaire

Comment: XRP is also moving in a descending triangle which is a bearish continuation pattern to the downside and XRP ' NEEDS' to break upwards out of this triangle to continue moving much higher

Commentaire

XRP also has a death cross on the 9 hour

Commentaire

And XRP is working on a new death cross on the 17 hour

Commentaire

This wick is also a bad sign
a sign of weakness

Commentaire

if XRP is moving up ,,its going to have to put out a mega candle which moves it up past .36 to the .38 area, as the resistance cluster at .36 is very strong
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