Fib .768 is a good entry in my opinion. Testing a theory by combining Fib and Pitch fork. Will see if theory holds water tomorrow. Key observations: MACD at bottom, RSI near oversold MFI also near over sold. Fib has retraced .618 and falling. I am predicting a bounce from .50 or close Predicting resistance between Fib .236 and .382
Ripple has been making lower highs and I think it will retest fib .618 and .786 shortly. If it bounces off .618 then an uptrend will be established in my opinion, and support lower high direction. Last 2 days RSI resistance has not been broken. Still bouncing off around 56 not been able to go higher. Trading volume still very light. MFI and MACD still not...
Ripple has been testing the lower fib levels and seems to have or trying to bounce up. MACD looks promising and so does the RSI. Volume is low and could predict a move lower.
Ripple is consolidating and outlook appears positive for a pop, however low volume is a concern. Hard to tell which way the wind blows, but it has been one of the coins that has been less volatile. I think if it can weather the volatility, there is a potential to head higher and maybe break above the high.
Looking at 1 day perspective of chart, LTC is testing fib 0.618 support. If it falls below that then the next support would be 0.786. Entry point if it rebounds from 0.786 would be around 150 ~ 160.
Pennant couple of days ago didn't fire (bummer), now appears Ripple is in a consolidation. It hasn't fallen to its support yet. Which way it goes now is anybody's guess. I am hopeful that it will head up, that's my personal opinion. RSI and MFi is picking up, MACD is hard to tell. Price is hugging the lower Bollinger band and a narrow band spells volatility...
I have been watching BCN since 12/1/17, appears that the last two days volume has picked up quite a bit. There are some unsubstantial speculative news swirling, however I have not be able to validate any. Question remains will this keep rising after a pullback. Decent run from 0.00014 to .00048. Would like to hear your thoughts.