In the last 24hours, we've seen XRP do some interesting things. Mainly because it seemed like we were beginning to have consolidation around the 2.65-2.7 mark, which leads to the belief of getting ready for another run. However, every time XRP was 'bound' to breakout, it was actually STILL within a bigger pennant before surging up a significant amount and that makes absolutely all the sense. Why? You can't expect a small stumpy triangle to breakout and gain 50% value in no time... There needs to be a windup before the spring upwards.
Take a look at the MACD and RSI. To me, this is a really good buying opportunity and of course depending on your goals and risk appetite, you can make your choices. You can choose to trade within the triangle or you can choose to trade for the long term. Either case a $2.4# buy in is a great deal in my eyes for a coin that will perhaps surprise us all in its valuation in the future OR a coin that will stabilize between $5-10?
As I read more on here, I'm further learning that helping others only returns a positive. Therefore, I wish you the best of luck and if something of mine helps you, then that's all I wish for.
Take a look at the MACD and RSI. To me, this is a really good buying opportunity and of course depending on your goals and risk appetite, you can make your choices. You can choose to trade within the triangle or you can choose to trade for the long term. Either case a $2.4# buy in is a great deal in my eyes for a coin that will perhaps surprise us all in its valuation in the future OR a coin that will stabilize between $5-10?
As I read more on here, I'm further learning that helping others only returns a positive. Therefore, I wish you the best of luck and if something of mine helps you, then that's all I wish for.
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It looks like we're going to break out of the pennant.
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What a cliff dive.
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IF********* we're about to go on the same as previous runs.. when we hit bottom or 0.236FIB, would be the start of our next run. Food for thought.
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MACD crossed at 30 and 45min chart - 1hr chart on the verge of crossing over. The signs are beginning to look good again for a run. RSI looking quite reasonable too.
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Almost decision time.
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Sorry wrong timing for the chart. here's the appropriate one.
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Still on track.