Legendary merchant Peter Brandt gives XRP warning and warns Altcoin under the risk of witnessing 50%
Experienced merchant Peter Brandt warns that Altcoin XRP payments are at the risk of passing through a major surrender event.
The legendary merchant tells 781,500 followers that the XRP in the social media platform X creates a head and shoulder (H&S) pattern on the daily graph.
A H&S structure is a decrease model that shows that an asset has lost momentum to maintain the upward trend after not printing new heights.
According to Brandt, the decrease structure is invalid if the XRP increases above the key resistance level. Otherwise he he says The XRP is in danger of breaking support from $ 1.90 and witnessing a waterfall event.
Don’t hit the ambassador.
Your favorite Beanie Baby/Pet Rock crypto exhibits a classic complex H & S. This may rise if exceeded $ 3.0, otherwise the results decrease to $ 1.07. If you have a problem with this, take it with Magee and Edwards.
XRP. “
During writing, XRP is worth $ 2.12, over 3% per day.
I’m looking at Bitcoin, Brandt warns This BTC has left a decrease model after losing $ 85,000, and now it’s probably going below $ 70,000.
Don’t hit the ambassador.
I’m just reporting what the graph says until I say something different. Bear Wedge was completed in 65.635 with a target of 2X from the top. “
BTC is worth $ 82,791 during writing.
As for S&P 500, Brandt he says The stock market index is in a “settled down trend” after converting the 5.864 support level into resistance.
“The 2X target of 5,170 is a 18% correction than heights.”
From the closing of Friday, the S&P is circulating with 5.580 points.
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