Reasons for open position:
- Break up falling wedge
- Buy after pullback to support line
- Key level 0.30$
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The magic of these Fibonacci circles is still in full effect! Looking at the one hour candles, we can get an idea of what might play out as XRP finds a solid bottom point. One thing is for sure, whenever this breakout occurs, you're gonna HOPE that you already have a position, because the liftoff will be strong and fast. If past performance is any indication, we...
Ripple XRP/USD still have very low RSI on the 12 hour and the Daily charts every time in the history of the chart we can see when the RSI has reached this low the Coin has given us some pretty good BULL RUNS, I think XRP is a good buy here for a swing trade.
As you can see on this chart, did XRP break a downward trend line on the 4h chart.
On the 15m chart can you see that we are retesting it right now.
BTC dominance is also dropping, because it has hit massive resistance.
ALTs are looking like they will get a healthy pullback upward!
I am long on XRP:
We hit massive support,...
Ripple looks ready for the breakout we were waiting for so long.
The asset has been in the consolidation for over 200 days. That's pretty sufficient for significant move coming very soon.
I've noticed some hints as a volume spike right in the middle of the consolidation.
EW suggests an incoming pump to at least $0.79 price mark (very probably, we'll see...
There are two important things on this chart:
1. It's got clear support and resistance levels
2. It's clearly being rejected from the support level
This leads us to think, it might continu its way up, at least until it hits the next resistance level around 0.4777
Once it gets there, we'll see how it reacts to that level...