XRP (Y19.P1.E2).Diamond bottom

Diamond bottom complete if we have a close on the daily above 0.304, with an initial target of 0.4691.

Peter Brandt called it out.

Nota

The 6-month chart of Ripple looks extremely bearish; the coin needs a strong rebound
Ripple has breached below many support levels lately; looks for a bottom
The lowest price point in the 6-month time span is at $0.2347, and the coin is aggressively heading towards it
XRP trades under a strong selling pressure
Ripple has tapped on to an extremely bearish price trend, which can be turned out into a negative vibe amongst investors soon if the coin fails to recover its loss in valuation. The coin struggles to deal with the current sluggish market as it lacks momentum at the moment.

Nota

If its goes lower than this point, it is more unlikely to be a Diamond bottom

Ordine annullato

The requirements for a reversal failed so no entry. The Diamond pattern on this one was the other, a continuation to the down side.

ssari

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Pubblicazioni correlate

XRP Project 2019, P01, E01, A little more to go

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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.