Bounce on 0.618

5 thg 4, 2019

XRP 4 Hourly chart shows a bounce on the 0.618 FIB Level(Golden Ratio) which shows a significance resistance level at that point.Divergence is also noticed on the Stochastic charts. Possible start of Wave 3, However I do not see any Divergence on Awesome Oscillator. Possible entry point for a good trade but I would still wait and watch how it turns up.

If Price cross 0.37 which is the end of Wave 1 we can be on Wave 3 at this point which is always the longest wave. Money is to be made but patience is the key.

Cheers.
Sikandar

5 thg 4, 2019

Ghi chú

XRP Pump was evident in last 4 hours. Price target for 0.37 achieved in no time.
Good time to enter, I would wait for further confirmation as it may be a Bull Trap.

Best of Luck.