$XRP draws a pattern #headandshoulders (head and shoulders)?
Gentlemen analysts, tell me that I'm wrong 🫣
I marked this#Rippleforecast for myself as one of the probable ones about two weeks ago and since then the price has been moving quite accurately within the possible #PATTERN
Possible scenario according to this pattern:
Left shoulder (mid-December): ~2.90 USDT
Head (mid-late January): ~3.38 USDT
Right shoulder (early March): ~2.90-3.00 USDT
Other technical data at the time of writing:#RSI(40): Indicates a possible oversold asset.
#MACD(-0.0875): Is in the negative zone, but there is a hint of a reversal. Approaching zero may mean confirmation of an upward reversal.
Volumes: with a slight upward price pullback (starting from January 25), volumes remain low, indicating buyers' weakness, but a possible increase in volumes may confirm further upward movement.
Support: The level of 2.20-2.40 USDT is a key support. A breakout below this level may lead to a fall and a search for support at the level of ~1.50-1.60 USDT