nlizotte

XRP/BTC Long-Term Trend Analysis

POLONIEX:XRPBTC   Ripple / Bitcoin
9

The Lines in Blue signify key areas of support and resistance to pass through.

Fibonacci Fan suggests other areas to "square up in". You will notice these these points fall into range with the key support and Retracement signals.


Once this Pendant / Ascending Triangle Completes, we should be moving into the 5k range. 90% chance

In worst-case scenario, we fall into C leg downward -- Highly doubt this will happen because of the appreciating value and because the previous high in early April, 2017, the previous low is also lower than the recent lowest-low toward mid April, 2017. 10% Chance happening.

Expect Blue Skies as XRP pushes forward!

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