What a violent weekend! We see Ripple jumped and crashed back and forth, but fortunately it found support at .95 once more. I will watch for the 1.2ish resistance line, and let’s see if we can have a breakout!
-Potential higher low on the 1 hour timeframe (entry)
-Potential higher high on the 1 hour timeframe (target)
-61.8 or 78.6 retracement (grey box for entry)
-Fibonacci extensions confluence with the overall trend
-Potential trendline retest
-Potential Fibonacci retracement (grey box for target) & bearish trend continuation
-(Side note) Will be catching the short...
For this week I am expecting a retracement to 0.8-0.85
We can set buy position if bounce from there.
We're in the 2nd wave of the 5th wave.
I am expecting a big upside movement to 15-20$ in the shorterm- weeks... -
SL: 0.34
Tps: 2, 3, 8, 18
See you!
XRP looks like it has more room to fall depending on how this retest goes. It is pushing up to an old area that was serving as support. Here, if we get a bearish engulfing candle or a candle pattern that shows a reversal, I'll take sells.
Potential TP1: .93000
Potential TP2: .60150
What do you think? Like, comment, and follow!
Here's my analysis for xrp
At this moment in time, I believe this downwards move is to get the weak investors out of the markets before we see a bullish move up.
The price of xrp could drop from here and hit the daily resistance level, when a level has been retested twice, it shows that it is being respected therefore from there should be a bullish move....
