XRP going for a big correction! Higher timeframes helping you spot the true range of prices! Spot prices to buy on fibonacci: 100% (Risk Zone) - 0.60 - 0.95 cents (Neckline) 78.60% (Entry Zone) - 1.0284 66.66% - (reversal based on fibonacci timezones)1.3887 61.80% (Golden Zone) - 1.5353
The currency appears to be forming a H&S pattern, giving signs of a bearish trend before prices skyrocket. We are expecting the price to drop 0.78500 - 1.02840 before a reversal to the moon.
Weekly timeframe: Overbought - RSI and Stochastic Oscillator. Hanging Man and Bearish Engulfing candlestick patterns. The market needs to retest the previous supports. Never forget that the market retest all the major prices before proceed with an uptrend or a downtrend move, as also never forget the direction of the market in the bigger timeframes. If you want to...
XRP will retest the lower prices before skyrocket. In the monthly timeframe is already overbought. It will retest the range of 0.68 -1.12.
Always trade with the bigger picture! SELL HIGH & BUY DEEP!