Channel forming, since bullish movement on the 12th dec. Strong support at 82 USD, supported by 200ma and 62% golden retracement on the fib. I think we will see possible consolidation and further bullish movement. I think 90 USD would be a good place to buy in.
Ripple is trading again in a slightly bullish trade channel just like was described in my porst from nov 28th. That signal triggered the major bull run which made ripple explode to the upside from 0.17eur/dollar to 0.70 approx.
in the wake of that event we can exepct a similar situation in the next few weeks. Ripple could reach 1.5 tot 2.8 Dollar range.
To me this looks like a textbook version of a pennant and XRP is getting ready for a new break out.
Japanese banks are using Ripple, I'm actually surprised it didn't rocket yet.
Or am I missing something?
XRP Ripple has a new opportunity on the market for today as new funds from USA and UK are about to enter the cryptocurrencies market and you can take the advantage of generating profits.
All you need is to buy ripple but wait few hours for the correction to enter the market.
As you can see in the graph I added few indicators like regression lines...
With a seemingly low resistance, the altcoin market currently bullish - XRP/USD for me this morning is my strongest bet - Shame I woke up a little too late !
Fairly new to TA so feedback genuinely appreciated!!