May be time for a correction!

XRP / U.S. dollarBitstamp

Description

⋅ Dec 29, 2017 3:56 PM

IF YOU ARE A LONG-TERM TRADER, IT IS NOT FOR YOU.

What an amazing run for XRP!
Still has an unbelievable potential.
Expect even better perfomances in 2018.

However, this may be very well time for a correction.
Wave 5 completed, easily visible from a 12-h / 1-d time frame.

Shorting here may be a good idea to take profits and reinvest in some weeks time!

Cheers

Trend Analysis Chart Patterns

Comments

filmflam

⋅ Dec 29, 2017 5:13 PM

This could easily be the 5th of the 3rd wave, which would even then then usually retrace as low as 1.00 or .68

filmflam

⋅ Dec 29, 2017 5:11 PM

Agreed that it may be completing a 5th wave. But, you should look at XRP on a log scale with channels to gain another perspective.

alioho

⋅ Dec 29, 2017 5:28 PM

@filmflam, thanks for the tip! : )

froni888

⋅ Dec 29, 2017 4:27 PM

Hey so do you think it will come back down or keep going to $2 in the next few days ?

alioho

⋅ Dec 29, 2017 4:38 PM

@froni888, can't predict the peak of wave 5... 2$ may be too much.
I'd suggest you to go for it! Hodl but put a take-profit stop order!