Is this a dip to buy or stay out the way and let it drop more.
Our view has this as a hold opportunity not a buy the dip opportunity for long term investors (not financial advice)
I would be looking to buy Ripple around the 80 to 75 cent mark.
75 cents is a strong key level for Ripple (XRP)
We may be forming a bearish head and shoulders that would provide confluence to getting to that level
Looking at elliot waves that would get us into the same level providing confluence
On the volume/momentum side we spent less effort / participants to make a higher high. Thats a sign that sellers are stepping in.
Our view has this as a hold opportunity not a buy the dip opportunity for long term investors (not financial advice)
I would be looking to buy Ripple around the 80 to 75 cent mark.
75 cents is a strong key level for Ripple (XRP)
We may be forming a bearish head and shoulders that would provide confluence to getting to that level
Looking at elliot waves that would get us into the same level providing confluence
On the volume/momentum side we spent less effort / participants to make a higher high. Thats a sign that sellers are stepping in.
Trade closed: target reached:
Much like the idea I posted on bitcoin my target has been reached. Did anticipate a little more of a pullback but we have completed this move. Again, like Bitcoin Im still very much overall bearish on the market. Im not married to my ideas or positions and will change them if theres evidence to do so but as of now I have no reason to be bullish or look long on the market.