XRP BTC Fibconacci level analysis and ascending wedge

XRP BTC is currently testing the support zone of an ascending wedge, if XRP breaks the 9000 satoshi support level with good trading volume then the pattern would indicate a target that near 6000 satoshi level, although the target may not be met if it finds support on one of the lower fibonacci levels indicated on the chart. The moving average oscillator and RSI indicators also suggest that correction is likely at this time as we see the 50 level of the RSI being broken and the MACD crossover on the oscillator.

Not intended to be financial advice.

Biffy.

Kommentera:

target hit :)