XRP like a pitBULL!
Updated
As You see, XRP cracked out the parabolic channel (red was the upper limit and green was the bottom),
the EMA lines are good too! and they crossed the downtrend line (purple dotted line) and emerged above it!
The volume of trading is growing and the volume EMA seems good as well.
On the top of this the MACD (/day) hit the signal of BULLish rising!!!
On the left side you can see the up fib levels (faded colors), and on the right side you can see the down fib levels (vivid colors),
now as the bullish trade begins the XRP is expected to start a new rally or bounce in 3-5 waves at least.
It was hitting our 78fib(vivid) as rised to start the 1st wave, and it may drop to 23fib (faded) make the bottom of the 1st wave.
The following waves will do the same ping-pong between the fib levels.
Have a goog trade!
the EMA lines are good too! and they crossed the downtrend line (purple dotted line) and emerged above it!
The volume of trading is growing and the volume EMA seems good as well.
On the top of this the MACD (/day) hit the signal of BULLish rising!!!
On the left side you can see the up fib levels (faded colors), and on the right side you can see the down fib levels (vivid colors),
now as the bullish trade begins the XRP is expected to start a new rally or bounce in 3-5 waves at least.
It was hitting our 78fib(vivid) as rised to start the 1st wave, and it may drop to 23fib (faded) make the bottom of the 1st wave.
The following waves will do the same ping-pong between the fib levels.
Have a goog trade!
Note
Hoops i mistype g->di mean:
Have a GOOD trade!
Note
As I wrote XRP droped to the old 23fib (faded) and made the bottom of the 1st wave. The following waves will do the same ping-pong between the old fib(faded) and new(vivid) fib levels.
Now i hope XRP jump the blue one,
Have a GOOD trade!
Note
As you see XRP made the wave, and it sits at it's supportline (faded fib line), now the next wave is coming... The following waves will do the same ping-pong between the old fib(faded) and new(vivid) fib levels.
Now EMA and MACD are still strong, sand XRP slowly buids up momentum to catch the next target around $1.59, if the momentum is sufficiently strong,
After the support sits around $1.4.
Have a GOOD trade!
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