The stochastic has no made lower low since the 15th june as you see with the yellow lines... near two months of bullish divergence on the daily. The divergence is accelerating with this drop (orange lines)... Every move down now just increase a bullish divergence. High probabilities we are in the last bear trap and the bottom is in, if not, it's near. Basically,...
You can wait for the confirmation given by the downtrend breakout to reduce risks, but guys, it look like a text book fulcrum bottom that is a powerfull bottom formation. It can always breakdown but now, 80% that it breaks up as XRP don't go down when BTC goes down anymore. I think it's ready to explode, today or in the coming days. 1 month accumulation guys......
The blue and pink line cross in 2 days. If we break up the pink line I expect a big bull run, If we break down the blue line a big fall. It's decisive for the next weeks. Hold your breath ! :o
The price action of this last month is looking like a bottom so I expect to break up (70%) but a break down is still possible as this market is savage.
The 3 tops respect perfectly the fibs levels. The first low did, but not the second one, it didn't touch the red line.
I think this line have to be touched.
I sold the perfect price following this chart and I expect to buy back at the perfect price of 5400.
This is not financial advice do your own research as I can be wrong. Like every one else can be. Do...
As you can see, the price action respect the fib levels. We are now in the 0.7 fib level and I expect to see the price reach the otherside. But not in a straight line. XRP is already a A LOT oversold and I think there is high probabilities to get a bounce to test the 0.6 fib level as resistance and then go to the south to reach the 0.7 fib level where I expect to...
The market die. A quick move to 0.25 seems to be needed for a reborn. I think a last rebound to 0.48 will happen short term, a dead cat bounce, before the last capitulation fall to 0.25 euro. It will be the buy opportunity of a lifetime.
2 more lower lows to come. First 0.445 then pullback to 0.473, then the last capitulation candlestick to 0.40 probably but not sure for this one... I expect it to be ugly. All that in 6 days or so... You can get out during a small pullback tomorrow to 0.495. Good luck guys.
I have repeatedly noticed fractals on the chart. She's doing another one. The current movement is the same as we had at the level of 0.75 euros. This one should bring us on before June 10 on the 0.93 euros corresponding to 0.7 fib
ps : excuse my english I use more or less google translation :p