Add as a preferred source on GoogleEGRAG CRYPTO Sees XRP Reversal Setup After 11 Red Candles
EGRAG CRYPTO says a completed green three-day candle is needed to confirm the setup. The scenario maps a possible move to $1.48-$1.50, followed by a retest at $1.13-$1.16 or, at a deeper level, $1.05-$1.07.
EGRAG CRYPTO sees XRP (XRP)’s run of 11 red three-day candles as a possible turning point, but says the chart needs a completed green candle to confirm the signal.
In a Nov. 4 post, EGRAG CRYPTO compared the chart pattern with a 2017-18 fractal. The chart uses Heikin Ashi candles, which average price data and can make trends easier to see by filtering short-term fluctuations. EGRAG marked horizontal levels at $0.98 and $1.65, as well as an upside zone at $1.42-$1.48 and downside areas at $1.13-$1.14 and $1.05-$1.07.
The scenario maps a possible move to $1.48-$1.50, followed by a retest at $1.13-$1.16 or, at a deeper level, $1.05-$1.07. In EGRAG CRYPTO’s scenario, a possible second macro double bottom could follow the retest.
TokenPost previously covered EGRAG CRYPTO’s three-stage XRP roadmap. EGRAG CRYPTO’s confirmation condition remains a completed green close on the three-day chart.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.