CR35

XRP Don't Get Shaken Out On Volatility

BITSTAMP:XRPUSD   XRP / U.S. Dollar
XRP continues to make new highs, but that doesn't mean it cannot correct for 30-40% from higher targets ... As We are going higher be prepared for EXTREMEEE volatility that will scare a lot of retail investors.
From the technical standpoint if we break through 0.382 fib. retr. level fast enough and stay above it for few hours we could continue to go higher and touch a 0.5 level before eventually correct down. If this happens, correction could be 30-40%, even as deep as 50% is quite possible especially if 0.236 fib. level gets retested again.

So to sum up.... if 0.382 fib level wont correct the price, a 0.5 fib level will most likely do that. Whatever happens, 0.236 level is likely to get back tested at some point, maybe we deep even lower to a blue 2 year old support line, so don't be gready now especially leverage trading xrp at that price, as you could get liquidated faster than you could ever imagine. Wait for the dip and then buy it if you chose so.

I am not a financial advisor so non of this should be taken as a financial advise. Do your own research, so you know what you hold.

BITSTAMP:XRPUSD
Comment: For now a 0.382 fib level is holding the price quite well, it seems like we might go even higher from here, reaching to the next .5 level. From there it could continue throgh, but at some point we will correct and if not at .5 level, we will at .618, so be prepared haha. Not a financial advise, just to be clear.

Comments

would you recoment to use some partial SL for ability buy lower if price get shaken down? .. but thats what i used before 1usd,and get shaked with SL az 0,81 so.. i do not use SL for this shit hunt play,but i was scared about 1usd not to lose gain i painfully get (and get another lose trying to short it under 0,9..but im back in profit loaded on margin :P) ...double my possition since february (and i made massive lose on march so this is awesome hot to make 1/3 from your money and double of origin amount in so short time :D
+2 Reply
@CryptoSnoopy Again i am not a financial advisor, but a would just hodl and ejoy the ride, cause if you start to thinging of a SL at that point you could get cought in emotions and you don't wont that ... i just don't want anyone to get fuc*** in those emotions, as i did in 2017
+2 Reply
@CR35, yeah.. i lost since 2017 too much ,so i think its payback time finally :D
Reply
nice analysis,very useful info.tnx
+2 Reply
Very nice!
+1 Reply
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