robertjulius
Long

XRP rally is closely linked with BTC/USD. Range for today.

KRAKEN:XRPUSD   Ripple / U.S. Dollar
I've identified some fib levels which we can look forward to reaching in the next 12 hours if we break above 1.5912


I don't believe we'll go much further than this for now, since bitcoin/usd is - as you know, see related ideas below - still due for another leg lower (anywhere between 8k and 6700).

So, for now looking for XRP / USD targets of up to 2.39, perhaps 2.45

1.83 is resistance, and we may see an A-B-C correction down to the moving averages.

Again, if bitcoin             reverses into a new downtrend we should take our profits in ripple as well, and wait for the pullback.

Other sell signals; red Heiken-ashi candles, a failure of the 15-minute 50 moving average to offer support. (Selling at a cross of the 20 for a rebuy at the 50 is viable while the averages are split far apart)

Comment: that's all she wrote really. It's all a bit too precarious to go to bed in the position. i'll look at it again in the morning.
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