I think XRP is due for its next motive cycle for the following reasons:
1-Feb's 2nd time zone is over, giving room for the 3rd timezone, when considering the first cycle from November 2014.
2- Feb's 3rd timezone is over when considering the first ATH wave as the first "real" one, including all relatively significant motive waves in its calculations. Also, the beginning of the 4th zone (FEB-5) occurred very close to the higher time-frame one as shown, indicating that we are about to see some changes in the near future.
3- Gann's time cycles ,of both the higher and lower time frames, crossed around the same point as 1 &2 above.
4- MACD is consolidating with very little momentum in any direction, giving room for a next major change. when this had happened in the past, it was followed by a big spike from a 100% to 4000% increase.
5- RSI is oversold, which shall logically correct as it has in the past.
If I'm wrong, I'm happy with a stop loss at or under the support line (kind of 15% loss). If Im right, Ill take my profits at the resistance (around 135%) before re buying when its done with wave 2.
May the force be with Ripple!
1-Feb's 2nd time zone is over, giving room for the 3rd timezone, when considering the first cycle from November 2014.
2- Feb's 3rd timezone is over when considering the first ATH wave as the first "real" one, including all relatively significant motive waves in its calculations. Also, the beginning of the 4th zone (FEB-5) occurred very close to the higher time-frame one as shown, indicating that we are about to see some changes in the near future.
3- Gann's time cycles ,of both the higher and lower time frames, crossed around the same point as 1 &2 above.
4- MACD is consolidating with very little momentum in any direction, giving room for a next major change. when this had happened in the past, it was followed by a big spike from a 100% to 4000% increase.
5- RSI is oversold, which shall logically correct as it has in the past.
If I'm wrong, I'm happy with a stop loss at or under the support line (kind of 15% loss). If Im right, Ill take my profits at the resistance (around 135%) before re buying when its done with wave 2.
May the force be with Ripple!
Trade active:
I bought around 3000 sat few days back..