sebastian.seliga.7
Mua

Ripple #XRPBTC - end of correction? rocket gains ahead?

BITSTAMP:XRPUSD   Ripple / Dollar
The Ripple XRPBTC             cryptocurrency made a nice correction of three waves back to the level of the previous wave four of a lesser degree with (a) = (c) equal legs and a stroke of exactly 1.61 level (in line with previous expectations). This is really a perfect configuration in the Elliott wave theory and exactly what we are looking for in trading setups. Currently, cryptotraders must wait for confirmation of the lows, which will come with a break of the channel's resistance line (around 2.40) and make sure the price will make a break above 2.80, (impulsive up trend resumption level) which would confirm that Ripple is returning to an up trend.
If Ripple goes below 1.60 for any reason, a new wave scenario will be needed.
Giao dịch bắt đầu: A marginal new low was made, but nevermind this: #XRP is going higher after Brad Garlinghouse tweet, that #XRP will be used in MoneyGram payment flows! Up up up we go!
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Giao dịch bắt đầu: Price hit the channel upper line, but no new low was made yet. Still unfold nicely, but needs to break out of the channel. Patience.
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Giao dịch bắt đầu: Let's break out the channel, shall we?
2.25 is the key level.
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Bình luận: Correction done?
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Bình luận: At the 61% Fibo support at 1.19. We will see how it goes. Correction continues.
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yeah correction is done
Phản hồi
So is it a time to buy, pane Sebastian?
+1 Phản hồi
Any idea why there is a huge sell off? I couldn't find any legit reason in the news.
Thank you for the great analysis.
+1 Phản hồi
@yosfissa, I think it is just being manipulated by Whales, so the market is bleeding.
Phản hồi
volume and up volatility is very thin, unlike usual xrp . what does it mean? regards
Phản hồi
Thanks for the update! That looks trying to break out the channel, I think that it will be!
Phản hồi
@sebastian.seliga.7 Yes, we want to break out channel! Thank you on your update.
Phản hồi
Lolipopba Lolipopba
@sebastian.seliga.7 Seems like nice support at 1.8
Phản hồi
Hi, do you estimate any change in trend?
Phản hồi
any updates on this ? o bearish fundamentals but price is going down.
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