I'll Hang Out With The Bulls Now & See The Bears Later! XRPUSD
Updated
So let me try and break it down for you and I want you to see the both the short and long term picture of what ripple is going to do!
Short Term
We currently have a couple of buy setups, a big and a small one, this only tells me one thing....that an up move is imminent and we can expect to see ripple go from the current price of 0.19 to about 0.23!
Long Term
Ripple is still in a corrective structure following the down move we had from 0.3450 to 0.11 and this correction is likely to terminate at the 50.0% Fibonacci retracement of that same down move. This also happens to come up against the trend line of the corrective structure and a precious structure support which should now act as a resistance. Putting all this factors into consideration, we should get one more big move to the downside!
I've attached some of my previous posts for your viewing pleasure!
Any opposing comments, views, arguments or feedbacks are welcomed!
Short Term
We currently have a couple of buy setups, a big and a small one, this only tells me one thing....that an up move is imminent and we can expect to see ripple go from the current price of 0.19 to about 0.23!
Long Term
Ripple is still in a corrective structure following the down move we had from 0.3450 to 0.11 and this correction is likely to terminate at the 50.0% Fibonacci retracement of that same down move. This also happens to come up against the trend line of the corrective structure and a precious structure support which should now act as a resistance. Putting all this factors into consideration, we should get one more big move to the downside!
I've attached some of my previous posts for your viewing pleasure!
Any opposing comments, views, arguments or feedbacks are welcomed!
Comment
This was good
Comment
So was this
Comment
And this too...
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