Pacman215
Long

Something Brewing!!!

BITFINEX:XRPUSD   XRP / U.S. Dollar
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Anticipation and patience is key this up coming weeks will be real intresting for XRP fading the sellers as the buyers momentum pick up will be watching this pair and bitcoin/usd
Nice idea on XRPUSD and there may be potential gains as you have identified by going long. The 1st support level that we have found is at 0.4548, which is above the level you are expecting a bounce from. It is a horizontal swing low support with a 61.8% Fibonacci retracement. RSI is approaching support and we might see a corresponding bounce in price should it react off this level. If a corresponding bounce does happen, we have found a major resistance level at 0.6098. It is a horizontal swing high resistance with a 50% Fibonacci retracement.

Please take a look at our idea and share with us what you think.

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Many TAs, like you, see 38-42 as support, could you explain a bit why? Thx!
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