Forget about the hype in XRP this morning. People go straight to emotion, but should instead have a plan in place to ease back on the emotion trades. Trust the charts you build or trust someone you watch that builds charts.
BTC has rallied up a tad right into a 50% Fibonacci retracement level to find some selling interest. Happy Fibonacci Friday! The 61.8%...
XRP has launched higher at has crashed into resistance at the 50% level marked on the chart. With this large move now would be a place for profit-taking.
However, as price drops back into another support Fibonacci zone, buyers are likely to get back in AND buyers that missed the launch last time will get in too.
This should bring a bounce to the upper 61.8%...
With price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again.
Despite the latest move up recently, the bears maintain...
