meszaros
Long

XRPUSD turns north...

BITFINEX:XRPUSD   XRP / U.S. Dollar
The structure of the falling fractal remained unchanged. Therefore, I expect a corrective rise. If the amplitude of the corrective rise increases and passes the level of 0.26237, a further rise in the exchange rate is expected. I'll come back to that later.

Comments

Looking good today with your Long.
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meszaros The_Mainlander
@The_Mainlander, Yes. It looks better now.
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@meszaros, great stuff, hopefully the Bulls have not forgotten how to run!!!
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Excellent analysis. Is this just an update to the XRPUSD TA you did few weeks ago on the same fractal?
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meszaros bclyde
@bclyde, Thanks. Yes. The fractal structure did not change.
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bclyde meszaros
@meszaros, great I’ll adjust my take profit to 0.29 now 😁
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meszaros bclyde
@bclyde, Good luck to the trade. 👍
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Oversold conditions yet but a pump above 25c ..lets see
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meszaros StillGame
@StillGame, Thanks for the comment. In my experience, fractal sequences do not repeat more than 3 times. Based on this set of rules, I think it might be a good decision to look for a long position.
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StillGame meszaros
@meszaros, Thanks for reply, That's an interesting way to look at fractal, as i dont do fractal so much i never noticed this 3 time theory. Thanks for pointing it out to me.
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