Is Ripple Done Retracing? Maybe Not! [XRPBTC] @alanmasters
Updated
I am looking at the Ripple (XRPBTC) chart wondering if the retrace is over... I don't think so... Let me share with you why:
I hope you find this information useful.
Alan Masters!
Namaste.
- Price broke below EMA100 (blue line) and 0.618 Fib. support. Two strong support broke at once.
- Hasn't reached 0.786 of Fib. support... Alts tend to stop here on the way down.
- Bear volume is dominant.
- Expect additional retrace. I will keep an eye out and share an update when I believe -based on chart signals- the retrace is completed.
- If XRPBTC moves up with strength and volume, breaks EMA10 and EMA100 and closes above it. Then we can say the retrace is over and a new analysis is needed.
- For now, expect additional bearish action.
I hope you find this information useful.
Alan Masters!
Namaste.
Comment
XRPBTC breaks above EMA10 and EMA100. This is our signal.If XRPBTC closes above these levels, we can consider this retrace over.
Namaste.
Comment
Our signal is in."If XRPBTC moves up with strength and volume , breaks EMA10 and EMA100 and closes above it. Then we can say the retrace is over and a new analysis is needed."
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