As shown in the charts, XRP and BTC seem to have similar bear market patterns.
BTCUSD bottomed on December 17th, 2018. XRPUSD did not.
XRPUSD hit Its probable bottom on December 16th, 2019. Approximately 1 year after Bitcoin did.
With the use of Fibonacci, it can show us most probably targets around the golden ratio of .618- .702 retracement levels.
Trend lines are a very useful and simple indicator of Technical Analysis. After Bitcoin broke its bear market trend line, it shot from $4,000 to $14,0000.
I linked my last idea of XRPUSD and how it broke its 2-year falling wedge. All with the use of one trend line that has now been broken.
Fibonacci and comparisons show XRPUSD will hit $2.12-$2.40 before May 1st 2020.
Please comment and like!
BTCUSD bottomed on December 17th, 2018. XRPUSD did not.
XRPUSD hit Its probable bottom on December 16th, 2019. Approximately 1 year after Bitcoin did.
With the use of Fibonacci, it can show us most probably targets around the golden ratio of .618- .702 retracement levels.
Trend lines are a very useful and simple indicator of Technical Analysis. After Bitcoin broke its bear market trend line, it shot from $4,000 to $14,0000.
I linked my last idea of XRPUSD and how it broke its 2-year falling wedge. All with the use of one trend line that has now been broken.
Fibonacci and comparisons show XRPUSD will hit $2.12-$2.40 before May 1st 2020.
Please comment and like!
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