XRP is still upholding summer lows of 2018 at 25 cents, and -for the case BTC breaks the current Descending Triangle down - will see a shorting potential down to 20 cents psychological, already giving more than 20% profit. For the case we crash harder than the other Alts, we could even go towards 15 cents, giving 40% profit.
To the bullish side we would have to take out 28 cents to see follow-through. But again, in the bull break scenario, I will personally be looking towards Bitcoin and other sector leaders like Binance Coin.
XRP/BTC is in a solid Bear Flag and could see downward continuation towards 2k Satoshi once the break occurs:
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Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
To the bullish side we would have to take out 28 cents to see follow-through. But again, in the bull break scenario, I will personally be looking towards Bitcoin and other sector leaders like Binance Coin.
XRP/BTC is in a solid Bear Flag and could see downward continuation towards 2k Satoshi once the break occurs:
If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :)
Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
