After 46 days it appears sellers are exhausted the long-term trend line is holding. I expect some more consolidation before we see a move to the upside. Im still bullish with XRP and expect to see ATH sooner rather than later.
A potential short position on XRP. At the completion of the C to D leg at 1.75 we can see a short drop down to the 1.44 to 1.24 levels. Targets are set and the 38.2 and 61.8 Fib levels. Stops placed above the X leg at 1.85
After a 200 plus percent gain. XRP looks like it's ready for a slight correction. Markets are never sustainable moving up in a straight line so I believe a correction is overdue. Think we can see an ABC correction back down to the 1.30 level. Just my opinion not financial advice. Also if the SEC lawsuit gets settled or some sort of outcome that gives clarity then...
After a ATL in March and a ATH in August. #SLV has retraced back down the 38.2 level. Historically based a fib ratio and extension is likely back up to the 161.8 level pushing #SLV up to the $40 dollar level. Also with a confirmation of a double bottom and a cup and handle formation is pushing this trend bullish.
After the completion of the symetrical triangle correction. Price action has broke out to a new structure high. Fib levels from swing high to low of X to A leg arrive right at the 61.8% level. Price has been targeted at the 141.4% fib level at .00002800.
EOS has been in a consolidation period for 18 days. Price action has moved up 27% from the recent lows. It appears that the motive wave will complete at the .00068815 level which is also the completion of the 88.6% fib level of the bat pattern.
I can see a correction back down to the 61.8 % level of .0057949 .