Is Ripple Done Retracing? Maybe Not! [XRPBTC] @alanmasters

I am looking at the Ripple (XRPBTC) chart wondering if the retrace is over... I don't think so... Let me share with you why:

• Price broke below EMA100 (blue line) and 0.618 Fib. support. Two strong support broke at once.
  
• Hasn't reached 0.786 of Fib. support... Alts tend to stop here on the way down.
  
• Bear volume is dominant.
  
• Expect additional retrace. I will keep an eye out and share an update when I believe -based on chart signals- the retrace is completed.
  
• If XRPBTC moves up with strength and volume, breaks EMA10 and EMA100 and closes above it. Then we can say the retrace is over and a new analysis is needed.
  
• For now, expect additional bearish action.
  

I hope you find this information useful.

Alan Masters!

Namaste.

Bình luận:

XRPBTC breaks above EMA10 and EMA100. This is our signal.

If XRPBTC closes above these levels, we can consider this retrace over.

Namaste.

Bình luận:

Our signal is in.

"If XRPBTC moves up with strength and volume , breaks EMA10 and EMA100 and closes above it. Then we can say the retrace is over and a new analysis is needed."