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Oct 23, 2018 2:47 PM

Wave 5 HIGHER or pattern INVALIDATION for #Ripple | $XRP?!? Short

XRP / DollarBitfinex

Description

Wave 5 HIGHER or pattern INVALIDATION for #Ripple | XRP?!?
Comments
easyMarkets
Thanks for sharing, I agree with your bearish view on XRPUSD and we have identified a resistance level that is slightly higher at 0.4955 which is also a horizontal swing high resistance, 100% fibonacci extension, 61.8% fibonacci retracement. There is also a 100% fibonacci extension at this level and price might reverse when it test this level, to our major support. If price breaks above our first resistance level, it is likely to go further up to test our second resistance which also coincides with our 61.8% fibonacci retracement. Stochastics is also showing further upside in price before it reversed. Excited to see how things developed from here, do take a look at our idea and let us know what think, thanks!
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