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jdjdhdj
Apr 28, 2018 9:08 PM

ascending wedge 

XRP / EuroBitstamp

Description

Ripple is forming an ascending wedge which is a reversal pattern, and the APEX is on the 1 level retracement fib. I will sell 0.87euros
Comments
miguelborges99
Anyway, I expect XRP price to be stable between 0.66 - 0.78 euros in the next 2-3 days.
miguelborges99
I hope you are right, but XRP is being testing 0.75 level for 9 days without success. Probably a downtrend is coming... at least looking to BTC.
BTC was almost two weeks at 6k level and that was the bottom... but now, at 9k level, BTC price does not cross the 10k - is it the top price for now ?
jdjdhdj
@miguelborges99, Yep 0.75 is a big challenge and the support of the wedge need to hold. I'm confident for 0.87 because I noticed that when the price breaks through a fib level without reaching the other side, we have a pullback, but the price comes back later to go on its target. Here, the price made a slight breakthrough in the 1 Fib area when it went to 0.78. Let's see if my theory is valid :)
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