XRP Ripple Looking bad with this Big Bear Flag, Part 2

XRP' has been moving exactly as i showed in my previous analysis where i expected a small bounce up to make a lower high inside this bear flag. So far this is a very bad sign, the way it has been moving. The only thing that can save it, is a higher low above that green support around 0.365. This is typical bear flag movement so far, with the dropping volume confirming it. So only a bounce up with some decent volume getting above the 0.385 would make it a first step to fight this bear flag off. A rally above the 0.41ish might invalidate this bear flag. So still a long way to go for the XRP' bulls.


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Previous analysis, don't forget to read it.

Comentário:

Still hanging on the support level here. If this breaks, i think we can make a big drop.

Comentário:

Still following the blue line and it's inside the last possible support zone before dropping to the low of a few months ago.