XRPUSD is approaching our first support at 0.5210 (horizontal pullback support, 38.2% Fibonacci retracement, 100%, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.6257 (horizontal swing high resistance, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI is also seeing a bullish exit and we might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
@rigosbox, hi why do you think that it would at least touch $0.75? :-)
rigosbox
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@easyMarkets, Gut Feeling. There is alot anticipation positive price action for November and December. We are still in the disbelief stage. With ICE opening their own crypto exchange, this will bring fresh money (from "traditional" investors,) into the market. FOMO will kick in from the investors who were beaten in the January, when the bubble burst. The company is constantly creating new relationships across the Political, Financial, and Social spectrum.
Nice idea here too, I dont believe we will have a retracement on this swing tho, more likely to hit 60 areas before a bigger correction comes i might be wrong tho. Thanks for sharing!
easyMarkets
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@Crypapi, why do you believe that there wont be a retracement on this swing though? :-)
asgcorp
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gains gains gains. 50% gain in BATBTC. Copycats must chill. click play. enough said.