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meszaros
Dec 18, 2019 8:40 PM

XRPUSD turns north... Long

XRP / DollarBitfinex

Description

The structure of the falling fractal remained unchanged. Therefore, I expect a corrective rise. If the amplitude of the corrective rise increases and passes the level of 0.26237, a further rise in the exchange rate is expected. I'll come back to that later.
Comments
The_Mainlander
Looking good today with your Long.
meszaros
@The_Mainlander, Yes. It looks better now.
The_Mainlander
@meszaros, great stuff, hopefully the Bulls have not forgotten how to run!!!
bclyde
Excellent analysis. Is this just an update to the XRPUSD TA you did few weeks ago on the same fractal?
meszaros
@bclyde, Thanks. Yes. The fractal structure did not change.
bclyde
@meszaros, great I’ll adjust my take profit to 0.29 now 😁
meszaros
@bclyde, Good luck to the trade. 👍
StillGame
Oversold conditions yet but a pump above 25c ..lets see
meszaros
@StillGame, Thanks for the comment. In my experience, fractal sequences do not repeat more than 3 times. Based on this set of rules, I think it might be a good decision to look for a long position.
StillGame
@meszaros, Thanks for reply, That's an interesting way to look at fractal, as i dont do fractal so much i never noticed this 3 time theory. Thanks for pointing it out to me.
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