Market circles, Elliot Wave Theory, patterns, they all point at the same path. DOWN.
Re-adjusted the fibs on this second post, 0.786 retracement should act as a strong support for the mid term at least.
Re-adjusted the fibs on this second post, 0.786 retracement should act as a strong support for the mid term at least.
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Ripple has more downwards action, sorry buddy, you are not getting out of here without hitting my targets!Note
Both XLM and XRP are holding, for now. They have different cycles apparently...Note
Although Ripple is going sideways the past hours, there is some strong fib correlations at 5.5-5.7 k sats.Note
Ripple, MAY be reversing here. I will check the targets again tomorrow, sometimes its not a good idea to work with the long wicks, heh.Bullish confirmation, is not "Enter a trade".
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Its probably still bearish. With this small count modification, bottom should be not lower than 6.4k sats. It has very long wicks for being more precise...Note
Well, 6.3-6.4 i guess. Very nasty wicks and the oscillators dont help much.Note
Barely!Note
Maybe we have a bullish confirmation on Ripple. Either way, there are DIVs on oscillators so i would advice waiting for a retracement if you want to go long.Note
Its too bullish, can reach 1$ on the usd pair, but too late to enter now, obviously.If this is a first wave, i cant wait for the 3rd one. No further updates here.
Trade closed: stop reached
Damn you long wicks, it was so close.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.