XRP. I expect the continuation of the fall to 0.28-0.3 $
After a sharp fall from November 18, sellers were able to bid $ 0.33. The price has not reached my target, which I wrote in one of the ideas. Buyers began an attempt to grow. However, in terms of the nature of growth, it was more like a correction.
At first, the large volume was visible only at the test of 0.33-0.35 $, then the volume declined.
Secondly, during the growth, there were very deep corrections and comparatively low maxima
on the third chart XRPBTC looked not very optimistic about the growth of BTC:
I think you have noticed that while trying to grow BTC other coins, or stayed in place or passively grew. However, with less attempt to drop the BTC, the coin fell badly. In my opinion, there are currently insufficient lobbies in the market to grow everything.
Also, the local high is $ 0.408. At this price, the Fibonacci level is 0.618 from the falling pulse (November 18th).
If to spend on local lov and high channel, it turns out that the critical point for sellers is 0.386-0.39 $. At this point there is both a liquid zone and an upper trend line. And while buyers did not beat this point, I do not consider this coin to grow.
If the correction from the fall is over, then the critical point for buyers is $ 0.33. If sellers try this price, then the following targets are for a fall of 0.306 and 0.28 $. In addition to the analysis of volumes in the price of $ 0.306, the current wave of the fall will be half the incident impulse from November 18th. and at a price of 0.28 $ respectively 61.8%:
So for the start I expect $ 0.33 with an end targetof $ 0.28
At first, the large volume was visible only at the test of 0.33-0.35 $, then the volume declined.
Secondly, during the growth, there were very deep corrections and comparatively low maxima
on the third chart XRPBTC looked not very optimistic about the growth of BTC:
I think you have noticed that while trying to grow BTC other coins, or stayed in place or passively grew. However, with less attempt to drop the BTC, the coin fell badly. In my opinion, there are currently insufficient lobbies in the market to grow everything.
Also, the local high is $ 0.408. At this price, the Fibonacci level is 0.618 from the falling pulse (November 18th).
If to spend on local lov and high channel, it turns out that the critical point for sellers is 0.386-0.39 $. At this point there is both a liquid zone and an upper trend line. And while buyers did not beat this point, I do not consider this coin to grow.
If the correction from the fall is over, then the critical point for buyers is $ 0.33. If sellers try this price, then the following targets are for a fall of 0.306 and 0.28 $. In addition to the analysis of volumes in the price of $ 0.306, the current wave of the fall will be half the incident impulse from November 18th. and at a price of 0.28 $ respectively 61.8%:
So for the start I expect $ 0.33 with an end targetof $ 0.28
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