jdharward

XRP - - Potential for trend reversal soon

Long
jdharward Updated   
BINANCE:XRPBTC   XRP / Bitcoin
XRP/BTC

Now's probably the best time to buy alt coins. BTC appears to finally be exhausted, just shy of $14k. Wow.

Alts are basically at capitulation.

So Fib time frames are kind of tricky, but when combined with the Gann Fan, it can help pinpoint potential reversal and support zones.

Looking at the 3D chart. Today's daily marks the start. This also marks the 21 in the fib sequence, when applied to time.

To gauge the time frames for pumps, measure the bottom to top of the original impulse.

Also, the bottom two indicator lines are well in the buy zones. Stoch could use some more rounding out.

If XRPBTC fails to bounce here, next support is around 1500. Yikes.

Comment:
So far, so good!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.