Ripple broke out downward from it's upward channel. It bounced back and touched this channel as a final ´test´but couldn´t get back in. This looks like the formation of a right shoulder after already forming a left shoulder and head. This is a reversal pattern. Additionally divergence is showing between price movement and volumes; a lot of volume backed the climb to 2.04, then there was a drop to somewhere around 1.65, and then far less volume backed the climb to 2.20. A lot more volume backed the fall that came after though. These are signs of trend reversal as well. And obviously; after rallies like we've seen, a correction is to be expected (and healthy).
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Obviously the neckline has to be broken for this pattern to realise itself. Currently xrp made a bounce from this line perfectly at 1.72. I've got quite some xrp myself, so this is painful to watch, but at least this might provide the opportunity to buy some extra at the dip.Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.