XRP/BTC decent buy-in target.
Ripple is going lower and lower, and as for now it's at the price of around 4400 satoshi.
It has not reached 88.6% mark yet and I think that it can go even lower than that.
In previous 8-waves movement it reached high of a 24343 satoshi, then corrected itself to 1251 satoshi which was over 94,10% correction.
I'm anticipating similiar situation here. Since XRP ended 5-waves it entered 3-waves of ABC correction, almost reaching 88.60%.
XRP have a nice trendline close to 94,10 Fibonacci line, so it's highly possible that it will have a bounce there. So buy-in around 2300 - 2700 satoshi (depends on where XRP will hit that line) should be a decent move.
Ripple is also below 200d and 30d EMA (blue and green line) which indicates that it's still going lower. It should go above 30d EMA to start a bullish move.
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DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If you like my charts, follow me on Twitter or Steemit.
It has not reached 88.6% mark yet and I think that it can go even lower than that.
In previous 8-waves movement it reached high of a 24343 satoshi, then corrected itself to 1251 satoshi which was over 94,10% correction.
I'm anticipating similiar situation here. Since XRP ended 5-waves it entered 3-waves of ABC correction, almost reaching 88.60%.
XRP have a nice trendline close to 94,10 Fibonacci line, so it's highly possible that it will have a bounce there. So buy-in around 2300 - 2700 satoshi (depends on where XRP will hit that line) should be a decent move.
Ripple is also below 200d and 30d EMA (blue and green line) which indicates that it's still going lower. It should go above 30d EMA to start a bullish move.
-----------------
DISCLAIMER
I’m not a certified financial advisor nor a certified financial analyst. The contents posted by me are for informational and entertainment purposes only. Don't follow any analysis blindly, and make your own decisions. Always plan your trades and play with stop-loss.
If you like my charts, follow me on Twitter or Steemit.
Disclaimer
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.