Ripple. Consolidation under $ 0.9 will result $0.25

BITTREX:XRPUSD   Ripple / U.S. Dollar
On the way to the almost non-stopping fall of XRPUSD to the "platform" at $ 0.25 is the last support level at $ 0.65.
The rebound-consolidation that has begun will most likely be limited to $ 0.90 - that’s where the fast moving average of the daily chart is and that’s good place to open short positions. The maximum is the slow moving average (today it’s $ 1.16)
Every day, both averages are reducing more and more, "pressing" the rate lower and lower ...
Until the crossing of moving averages will give a buy signal, further decline is more likely.
And with a breakdown of $ 0.65, we are likely to have an equally dramatic collapse to $ 0.25, as the previous amazing growth from $ 0.25 to $ 0.9 within three days in December last year.
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I agree with this analysis totally!
icexch WizardOfRealms
@WizardOfRealms, Thank you. But there isnt $0.25 yet :)
mmmmm going up right now
icexch FernandoMocer
@FernandoMocer, to 0.90 may be. Easy. For some time.
to 1.6 and then going back to 1 to go up to 2.8 . It could be as you say if we don't break .9 but today its gonna be broken @icexch,
icexch FernandoMocer
@FernandoMocer, ok. we will see.
+1 Reply
@icexch, Yes, right know its like a bet but I have my analysis to say this, as you
icexch FernandoMocer
@FernandoMocer, OK, thank you
Aurelius22 FernandoMocer
@FernandoMocer, Man, idk about that. Looks like another bull trap.
We've been having a fair number of pumps these days. Perhaps that will strengthen the downtrend even more.
I am a strong believer that it will hit .223.
+1 Reply
FernandoMocer Aurelius22
@Aurelius22, today I believe so so I cut my lose and sold. Going to wait for that
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