So the real question is whether ripple is top yet ?
The answer is :
-if we break and close below 0.4895, then YES ripple is top out already for this rally
-if not, then we will go up much higher again after consolidation. And the signal for it is the close above 0.625
Basing on ripple's past rally characteristics, 80% chance we are not at top yet and more will come.
Goodluck to everyone. This is not financial advise
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Plz check above chart
bull still has hope if we have strong recover up
FIGHTING mr . Bull ^__^
However, we can't ignore the bear for further drop. IF we can't go above 12 EMA on 1hr , chance to drop lower will be high.
Right now price is moving between 200MA and 12EMA in tight range, so we should get the answer within next few hours.
what should we do? - drop below 200MA then bear.
- 200MA then neutral bull
- go above 12EMA again then bull starts
all I see is bull rallies for alts in October and November.
this week, 1st date of the week is red. Today is second date and we are above the upper triangle :)
Rumor says that Bakk will get approved by regulators to have bitcoin future next week. And Bakk will launch on Dec 12nd.
Next week will be also the start of new month candle.
So what ?
obvious path = pump on November
the current WIN/LOSS ratio favors the bull a lot.
my thought is that November 5th :)
expect breaking up next week candle
I hope xrp will recover back above 0.52 during this weekend to signal break out on weekly chart
break out last week but got pulled back . Now we start breaking out again