The downtrend seems to be strong as the price has been rejected 4 times. I expect the price to go back to the pink support before a nice bullrun.
More pain on the horizon as the BTC plays out. The excessive exuberance of Nov/Dec 2017 is being corrected in this bear market. We won't be out of the woods for quite some time but that doesn't mean bottom fishing isn't far away, just don't go expecting instant massive gains. I can see XRP returning towards it's baseline then starting a new upward grinding trend....
Hi, A this moment XRPEUR is in a symetrical wedge.This pattern could be bullish or bearish. I guess an Elliot wave has taking form and the third elliot wave is forming at this very moment. So i'm expecting a huge resistance at 0.66. The first scenario (red) will drop XRPEUR, probably to the support at 0.50. The second scenario, more optimistic will continue the...
XRP has completed 5 impulse waves up, now looking for a ABC correction. A is working on the 4th wave, wave 5 will probably complete around .382 fib retracement level of 1-5. If B retraces 61.8%, a 1 to 1 extension of A could be possible for C, touching the confluent zone around .50 fib retracement level of 1-5.
XRP finishing downtrend. Wave 4 complete, ABC next, after last wave 5 down to trendline completing WXYXZ on larger timeframe.
Now switching a bit from the USD to the EUR my XRP theory (I am european after all). It's time to take a closer perspective of market movements, as we have so much news and so much "insider" info into the community flowing from all parts, that I can barely mention everything here. And as I am keeping on collecting and accumulating right now, like other $XRP...
Technical analysis: . RIPPLE/EURO is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.55 to 0.38). if so, traders can set orders based on...
Technical analysis: . RIPPLE/EURO is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 44. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.55 to 0.38). if so, traders can set orders based on...
Price makes fractals during downtrend, I expect the same in this uptrend
we have a descneding wedge and an inverted H&S for june