XRP.X, "Ripple" What's to happen in the next few days...
Updated
If you check my previous TA, I predicted that Ripple would breakout in a bullish continuation, and it did: for a bulltrap. It came down all the way to this area it is now, with what seems like no end in near sight.
I believe we are approaching very close to the end of this downtrend. I was wrong on my expectations for Ripple a week ago, but I believe I may be on track to see what is actually happening, this time around.
I entered high, almost 19k sash, believing it has broken out of the flag, with MACD just a hairline from passing and boom...bulltrap. Or manipulation to hold the breakout off?...either way, I am HOLDING.
Judging by this daily chart, I believe that we will retrace to the 61.8 fib area, very close to 9,600 sash...it will hopefully just test this area and we should expect a huge bounce back up. I know, all of our accounts are really down...but I believe that if ~9600 sash gets tagged, and does NOT break through lower or hold, and then breaks out down trend line on the daily. We will see an uptrend to the 5 dollar area!
Knowing this now, I wish I had held off and 100% had a confirmation of a breakthrough, but I got too excited and jumped on the bulltrap.
Bulltrap is written in a nice downtrend on this description, ahaha!
I am holding through. Unfortunately, I do believe we are bearish these next 2-5 days. I think monday, January 15th, we might begin to see a reversal.
I believe we are approaching very close to the end of this downtrend. I was wrong on my expectations for Ripple a week ago, but I believe I may be on track to see what is actually happening, this time around.
I entered high, almost 19k sash, believing it has broken out of the flag, with MACD just a hairline from passing and boom...bulltrap. Or manipulation to hold the breakout off?...either way, I am HOLDING.
Judging by this daily chart, I believe that we will retrace to the 61.8 fib area, very close to 9,600 sash...it will hopefully just test this area and we should expect a huge bounce back up. I know, all of our accounts are really down...but I believe that if ~9600 sash gets tagged, and does NOT break through lower or hold, and then breaks out down trend line on the daily. We will see an uptrend to the 5 dollar area!
Knowing this now, I wish I had held off and 100% had a confirmation of a breakthrough, but I got too excited and jumped on the bulltrap.
Bulltrap is written in a nice downtrend on this description, ahaha!
I am holding through. Unfortunately, I do believe we are bearish these next 2-5 days. I think monday, January 15th, we might begin to see a reversal.
Note
.618*Note
Broke bearish trend line, first zone was tagged and now we have a reversal in trend. It may retest this line before a new uptrend is made!Note
Looks like we are coming to retest that lower area of .618!Note
Touched my predicted area (passed it), but came up. Grats if you picked some up here!
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