XRP - Ripple without doubts STRONG Move UP! Could above 0.3440$!
Analysis for next week January 6 — 10, 2020
- Ripple - XRP/USD end the trading week at 0.19102 and continue to move within the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1405 (exactly if will break the strong support area 0.1746). Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3445 as part of the development of the bullish «Wolfe Wave» model. Hints are a lot so we can say this is a new chapter of New Market-Cycle, without doubts. As soon with all Top Crypto with BTC strong Dominance - 68.20% increased with + 0.06% from yesterday test near strong supports.
- In favor of the growth of XRP/USD quotes in the current trading week from January 6 to 10, 2020, a test of the support line on the relative strength index (RSI) will come out. The second signal will be the completion of the formation of the bull model «Wolfe Wave». Analysis January 6 — 10, 2020 suggests an attempt to test the support level near the 0.1405 area. Where can we expect continued growth of quotations with a potential target at the level of 0.3445. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI).
- Hope you guys you support our work with a like and share of this post! Also don't foreget to follows us! :)
You can motivate us to post more analysis cryptocurrency charts! Thank you! ,)
Mention: This is not FINANCIAL ADVICE! Just EDUCATIONAL ANALYSIS!
- Ripple - XRP/USD end the trading week at 0.19102 and continue to move within the correction and the bearish channel. Moving averages indicate the presence of a bearish trend, continue to be repelled by signal lines, which indicates pressure from the bears. At the moment, we should expect an attempt to continue the decline and test the support area near 0.1405 (exactly if will break the strong support area 0.1746). Where again we should expect a rebound and continued growth of the cryptocurrency in the region above the level of 0.3445 as part of the development of the bullish «Wolfe Wave» model. Hints are a lot so we can say this is a new chapter of New Market-Cycle, without doubts. As soon with all Top Crypto with BTC strong Dominance - 68.20% increased with + 0.06% from yesterday test near strong supports.
- In favor of the growth of XRP/USD quotes in the current trading week from January 6 to 10, 2020, a test of the support line on the relative strength index (RSI) will come out. The second signal will be the completion of the formation of the bull model «Wolfe Wave». Analysis January 6 — 10, 2020 suggests an attempt to test the support level near the 0.1405 area. Where can we expect continued growth of quotations with a potential target at the level of 0.3445. An additional signal in favor of the fall of Ripple will be a test of the trend line on the relative strength index (RSI).
- Hope you guys you support our work with a like and share of this post! Also don't foreget to follows us! :)
You can motivate us to post more analysis cryptocurrency charts! Thank you! ,)
Mention: This is not FINANCIAL ADVICE! Just EDUCATIONAL ANALYSIS!
Trade active:
b]The breakout of strong support level 0.2395 $ could indicate XRP - RIPPLE to reach above 5.5 $ or more! As we now in our last post: Ethereum did breakout of area 0.2395 (as example for Ripple), so New Market-Cycle knocking.
Comment:
Trade closed: target reached
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