As many xrp traders have seen the xrp idea from cryptokelly in december, i tought it would be funny to see where we are in his chart now. I placed a fib retracement according to his placed 2 fibo's and lengthen his lines to update our situation.
As you can see we currently retraced to 0.618 price level.
Also known as the most significant Fibonacci retracement...
The chart speaks for itself. So many bears call for 15/20/25/30 cent basicly based on volume profile. History showes that XRP doesnt give a f*ck about this. In crypto bulls get rekt and bears get rekt. So dont waith to long to get in or you will miss this train.
As you can see usdt/btc is just the upside down chart from bitcoin. If Tether/Bitcoin is going down, bitcoin is going up.
In my previous analyzes from this chart we allready say a big pennant forming with a potential Head & Shoulders inside. It went higher then i tought, but nothing changed for the long term. The H&S is still valid and as you can see we have...
After the panic there are still a lot of bullish signs.
There is allways a lot of fomo and fear ( Volatility ) in this speculative market witch result in exciting highs and scary lows ecspecially in xrp. Dont be blinded by this.
We see a similar pattern as we did in 2017 witch resulted in some bullish movement.
Reverse Head & Shoulders patern.
Rsi is on the...
We first have to go a bit lower till we hit the red trendline on the chart and stoch and rsi has to lower a bit. My prediction is that the end of ramadan would be possible trigger on the 14th of may.
Lets whait and see.
Longterm Target : 0.00027085 and possible extension to 0.00034778.
Allways maintain a moneymanagment plan wile trading.
We are closely coming to a reversal.
Markets are closely tied to specific events. The last bullish momentum we had in April started on Friday the 13th. On the exact time friday the 13th started in the first country.
The end of Ramadan can be a specific moment to trigger a bullish momentum. Lets whait and see.
Crypto is accepted by sharia law and mosks are ...