My 3rd chart here so lets see how i do lol. First off we had a nice bounce at .55 on feb 6 and hit 1.20 as our high as unlike some of the other coins that were able to complete the head and shoulders we were unable and never broke out. Since nothing has really changed in the xrp world besides announcements that companies are "testing" or otherwise have just...
So looks like we broke out of our downtrend.. Or did we? Dead Cat bounce maybe? Well currently we are sitting between the 50 day ema and our trendline with a head and shoulders forming. For that to hold true we need it to close above the neckline. We also will be looking for increased volume which currently isnt looking so. Looks like the rsi is around 53 and the...
This is my first post and analysis. Still learning... With that said, not that i am a big fan of the elliot wave but following the wave, using fib, stoch and rsi it looks like we will complete a full retracement to the .24 level. We broke the last fib retrace which was the 21.6 at .667 when we bounced off .55. We have some support in the .41 range but as I have...