XRP / EuroLong
XRPEUR: repeated pattern/trend?
Updated
Similar pattern as
currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level
mid-term seems to be still down trending from where it could develop upwards.
If history/patterns repeat(s) we might see a large breakout soon.
I personally am a believer in what Ripple is doing. and where they are heading
How this progress/news will reflect on the actual future XRP value i'm not sure. (if at all)
Although the news is mostly positive, Ripple is recently sued by R3 so lets hope this turns out well and we get some good action from that.
currently bouncing of a double support level and most likely progressing upwards in the short term to the next resistance level
mid-term seems to be still down trending from where it could develop upwards.
If history/patterns repeat(s) we might see a large breakout soon.
I personally am a believer in what Ripple is doing. and where they are heading
How this progress/news will reflect on the actual future XRP value i'm not sure. (if at all)
Although the news is mostly positive, Ripple is recently sued by R3 so lets hope this turns out well and we get some good action from that.
Note
falling slightly below support, potentially forming triangleNote
Not enough strength in the market to turn things (temporarily) around.
Note
testing resistance at 0.17680Note
Fib 0.618Note
revisiting the old strategy after the facts. closing off short term.not 100% but good enough to have a decent trade/profit.
waiting for additional entry points
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