Sonace
Long

XRP next leg-up

BITSTAMP:XRPUSD   Ripple / U.S. Dollar
Adjusted the trend-line from ATH             to current situation. Possible target adjusted a bit due to length of previous leg up. Might see a small retrace at that point or a retest of lower blue trend-line. After that we might see a challenge to the ATH             and beyond.

Purple lines are the log channel. Still healthily inside the log channel as you can see.
Comment: Almost hitting my target. I'm not getting out though. I'll move my stop loss orders a bit higher as there might be a very small consolidation before retesting ATH. Trade what you see!
Retest of ath or couldnt there be a possible drop
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Sonace abardini
@abardini, Could be a possible drop but as you could see it didn't happen. With the rumours that XRP is going to be added to coinbase shortly I couldn't see this happening. Momentum was up as well as it broke the downtrend channel after ATH a day before that. I'm still liking my odds for my target to be hit with a minor retrace as we've seen this night and then go on to challenge ATH. Depending on price action and volume, we might break it.

Thanks for your interest!
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@Sonace, whats ur buy in for someone trying to rebuy into cardano
Reply
Sonace abardini
@abardini, I don't know what you mean by cardano? There will probably be a small retrace soon to test support at or right above previous ATH level. I would buy in at that time because you would have best confirmation that this is the real thing at that point. This could possibly go to 3.4$ or more if coinbase gets XRP added
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@Sonace, oh shoot I was looking at wrong chart im sorry!
Reply
Sonace abardini
@abardini, No problem, happy to help!
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