From a cycle analysis and from a time standpoint, this is the right time for XRP to break out !! In previous cycle we had a 1 - 2 - 3 - 4 - 5 wave, followed by a steep decline into a cycle low before the big breakout. Time distance from breakout march 2017 to december 2017 is almost the same as from december 2017 to september 2018. Let's see how this plays out ...
This is a possible outcome for a retracement to the 0.61 fibonacci level. For those who missed the move they could place an order on 0.25 cts of EUR right on former resistance (now support) of the descending wedge. I bought before, during, and at the end of the move. Will continue to accumulate at 0.25 cts.
I think the whole Crypto Market is about to take a hit !
We have a mini H&S formation inside a bigger H&S formation. If this plays out correctly as it should, we will go donw inside the channel again.
We have a negative divergence on the RSI. There is a strong probability that we are headed lower, back into the channel and thus towars the BUY ZONE !!
Do not think it will continue....
Back in December 2017 the MACD cross preceded the breakout 1 week. This time should be no different. Quietly waiting for MACD CROSS in mid October 2018 !
Cryto Market in general is receiving some love. Are we still headed for the BUY ZONE ?? XRP broke the descending resistance of the bearish wedge of which it recently broke down.... Will it break out of the bullish wedge and turn bullish ?? ... or will it turn back down at resistance and fall back sharply into the BUY ZONE ?? I HOPE THE LATTER COMES TRUE FOR I...
Crypto Market in general is receiving some love ! XRP already broke out of the descending resistance of the former bearish wedge... Will it break out of the bullish descending wedge and turn bullish ? ... or are we still headed for the BUY ZONE ?? I HOPE THE LATTER !! ... I STILL WANT TO BUY MOOOOORE !!!
Nobody thinks that is possible !! XRP at 0.13 EUR or 0.15 USD. I am waiting for it !!
13 september 2018 could mark a turning point