Ulises25

XRPUSD ABCD PATTERN, BREAKOUT LONG

Long
BITFINEX:XRPUSD   XRP / U.S. Dollar
WE ARE SEEING THAT ALL CRYPTOCURRENCIES ARE IN A DOWNTREND SINCE THE BEGGINING OF THIS YEAR, BUT ALL OF THEM HAD BEEN STOPED AND SUPPORTED AT PSICOLOGICAL LEVELS, IN THIS CASE THE RIPPLE IS BEEN FORMATING A CONSOLIDATION ZONE BETWEEN 61.8 AND 23.6 RETRACEMENT FROM THE LAST UPTREND SO I THINK THAT WE COULD WAIT A BREAKOUT CONFIRMATION AND JOIN THE MARKET WITH LONG POSITIONS UNTIL $1. 40 THAT IS A FIBO LEVEL EXTENSION.

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