tarzibou

(Raising) Wedge with little cup

Long
tarzibou Updated   
KRAKEN:XRPEUR   XRP / Euro
XRP seems to stay relatively stable with a slight upward trend. The little cup could lead to an outbreak of the wedge but we have to focus on the BTC chart which should make its decision within the yellow rectangle.
Trade active:
BTCEUR just broke the downtrend. It just be tested to verify the break.

Comment:
Sorry: It _should_ be tested to verify the break.
Trade closed manually:
Get out. I think the capital is going into the BTCEUR rise and therefore shrinks the XRPEUR amount. It should normalize afterwards or when BTCEUR falls again.
Comment:
Ups, sorry. I got in panic mode after watching Bitstamp chart falling to 1,65 within seconds. So do not set your strategy on my writings and believe your own eyes! ;)

Whatever, XRP is now ready for testing the downward trend line for the third time and could break through within the next hours. I think it will likely do so as the CMF is still showing a high interest.

I believe, the cryptomarket overall is very unsure these days as the capital switches permanently between all cryptos and esp. BTC, which is on the one hand the exchange "currency" for most cryptos and on the other hand technologically broken.
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