petro90

XRP. After the test 0.28 I'm expecting a rebound.

BITFINEX:XRPUSD   XRP / U.S. Dollar
This idea is a continuation of my series of XRP ideas. In the previous idea I cried about the end of attempts by buyers to turn the price and the beginning of the formation of a new wave of the fall. The price has reached my first target. Now, if sellers can fix below $ 0.315 on a big timeframe, I expect a test of $ 0.28, after which I expect a rebound. During the rebound, it will be clear to me whether the global correction that began on September 22 is over, or whether it is a rollback, after which the fall can continue.
At the moment, the volume on this coin is not large and I do not see the large activity of buyers in this price zone to buy this coin:
Therefore, the probability of continuation of the fall is up to $ 0.28.
In the wave analysis, two levels coincide at that price.
Wave c=1.618*a
On a smaller timeframe, the current momentum of November 28 at a price of $ 0.28 equals 0.618 * on a pulse from November 18th:
If to analyze horizontal volumes, then in the price zone 0.27-0.28 $ there is a good liquidity, from which a real rebound.
If you look at a pair of XRPBTC then the price actually reached the bottom of the trend line:
Therefore, at a price of $ 0.28, I expect a rebound.
Dec 14
Comment: after breaking the critical point of $ 0.297, I expect a fall to the price range of 0.27-0.28 $
Good call mate, thanks!
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