Gartley-Bat Forming As Ripple Looks to Retest The .4000's

2018년 8월 26일

After breaking out of a consolidation wedge a few weeks ago and breaking a SIGNIFICANT support level at .4200, XRPUSD dropped down into the .2400's as it retested the lows. After a push back up, the pair has begun to form a bat pattern and a gartley pattern within the same region. I believe that Ripple is headed to .4000 as it seeks to retest the .4200 level which was former support. And is also within the potential reversal zone for the Gartley pattern. It's likely after that push upwards, the pair may also retest the consolidation shelf in the .4400 levels, This region is within the potential reversal zone for the bat pattern.