It has been a while since I published an idea. I been carefully observing an watching past few months. Unfortunately most of the coins in that market mimicking Bitcoin except XRP. It is completely acting like a truly independent coin which itself is remarkable unique commodity nowadays. For 4hours chart Rsi indicator looks like well into oversold zone. MCAD is in neutral zone it appears to loose its strength. This is classical xrp's strategy for kicking weak hands out of the game.Descending channel moving towards the strong support zone $0.45. If the buy zone($0.42-0.47) mentioned in the published graph manages to hold, XRP poised to go up to target with is over $1 zone near short term. Strong signs are there. Individual and investor interest seem to be strong otherwise we would be below 0.30 already.
Good Luck Traders!
Good Luck Traders!
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Descending channel for now. Perfect for dramatic break out :)Note
Break out did not fully happened yet.Still need break $0.52 to be on the safe side.Otherwise we may go back to support zone which is still fine at this point.
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Well giant 15 min inverse head shoulders. Looks like we are going back to support line. If the line holds this rally still can work like a charming :)
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Xrp holding onto the support line and recovering better than other alt coins. Quite a few coins got sold past few hours. These people might want to re-open their positions, if they see instant action. It is a moment of decision. We may see some power play here if BTC behaves nice.Good luck hopefully miracle happens here :) We all deserve it.
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Rally looks like is started already. Little bit off target on the down side but hey nobody is perfect(did not consider bitcoin's free fall). Hopefully bitcoin brothers from Bitmex wont do free fall scheme again. Otherwise we are good too go. I will update this at $1 :)
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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.