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XRP has seen a correction after very strong parabolic increases. This is a very healthy sign for further gains. As expected (evidence in previous analyzes) the level of 0.27-0.32 turned out to be the key where I expected a supply reaction due to overlapping strong resistance. XRP gathered so much energy that it broke through this resistance without a moment of stopping. The drops were caused by BTC which fell by 15% in 1 minute.
The next move is as follows. If it is confirmed and we see a rebound from the falling line, it will be a signal for further very strong gains. Therefore, now is an important moment to decide what will happen next.
Now we are waiting for confirmation
Previous Ta:
The next move is as follows. If it is confirmed and we see a rebound from the falling line, it will be a signal for further very strong gains. Therefore, now is an important moment to decide what will happen next.
Now we are waiting for confirmation
Previous Ta:
Comment:
After testing the relegation line and stopping there, XRP has a chance to continue further increases towards $ 0.5 as it was planned.
Comments
thank you for sharing your thought. If you have a whatsapp/telegram trading group pls let us know
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@markodenni,
XRP wants to go up. The only thing that is blocking it now is the uncertain situation on BTC. I personally cut half of my position in XRP when BTC started to drop with the thought of buying more XRP. I think we should wait now and buy small amounts if we have a consolidation in the range of $ 0.286-0.305. These are the best places to accumulate. If only BTC stabilizes (everything is good for us, except for declines in BTC). Personally, I will come out of the entire position if I see the day holiday closed below the level of $ 0.28 because it may mean a rebound from the downward trend line
XRP wants to go up. The only thing that is blocking it now is the uncertain situation on BTC. I personally cut half of my position in XRP when BTC started to drop with the thought of buying more XRP. I think we should wait now and buy small amounts if we have a consolidation in the range of $ 0.286-0.305. These are the best places to accumulate. If only BTC stabilizes (everything is good for us, except for declines in BTC). Personally, I will come out of the entire position if I see the day holiday closed below the level of $ 0.28 because it may mean a rebound from the downward trend line
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