Will we see a breakout to the top? Seems like longs are building up ... ...no trading advice!
If you cannot resist in wanting to buy XRP, Tron and really any marketing machine coin it looks like we have seen the yearly low. Now that XRP has retraced and made that recent move up we are now seeing some true support areas from Confluence lines made from FIb retrace and regular support/resistance through the year! The volume is dying off which also is a good...
XRP is sitting on the 61.8 fib retracement for the next leg up. Also on solid horizontal support from end 2017 and feb 2018 Worst case it could drop to 0.55 on trendline support from dec 2017
XRP is breaking out of the trendlindes within 3 days. I'm using the fibonacci retracement and extention tools and the elliot wave. 4th wave never drops into the wave 1 region.
This idea has some market analysis. BUT This is not a trade set up with a buy/sell signal. This is simple attempt to predict future price movement for my personal pleasure! XRPUSD using Fib, Elliot, G, Ichi, RSI, volumes and stochs on a candle chart..... This is also granting that the MtGox whale does not short BTC soon and drag all crypto market...
XRP will edge lower to a max low of 0.6$, mirroring my other prediction for a decline on bitcoin for todays trading. On the long term I am bullish on XRP but I don't think we will break out just yet!
Love to see it 0.18 RSI 14 - downtrend MACD - just crossing - downtrend Trend line possible to hit 0.18 or below. Check those lines, Repetition of History. Failed to go beyond 0.35 - in result downtrend, history. -Personal interpretation. -Have a nice day!