However it is not my personal favourite coin, TA (technical analysis) never lies. So XRP is a beautiful example of crypto. They can boost in a couple of days towards a new ATH (FOMO, hype etc.). However, the correction will last much longer. This was an expensive lesson to the ones who bought in around $2 or so. Remember a coin has to recover from its huge upward movement. So did XRP/BTC. It completed its A and B and is now closing in on its C. My guess is that the C will be nearby the fib 0.786 level. Personally I think that IF BTC makes a drop towards 8/9k > XRP can touch around $0.6-$0.8 for sure.
The end of the correction is nearby: - MACD on the daily is oversold and is going towards a crossover, but can go lower. - RSI also nearby oversold, but can go lower.
WATCH the buy-in levels. My target for XRP/BTC is around $5.
#HAPPY TRADING #LOVE
If you have any questions about my charts or opinion, or you have an coin you want reviewed, please ask me in the comments!
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So we are almost in the buy-zone. This is how i do my laddering work. Choose openings and closing price: for example start buying in at $1 and stop buying in at $0.7. Then spread it out on different buy-orders, with the (percentually) highest buys in the middle. For example: $1 - 5% $0.95 - 10% $0.90 - 10% $0.87 - 15% $0.85 - 20% $0.82 - 15% $0.8 - 10% $0.75 - 10% $0.7 - 5%
This is just an example, so don't follow this blind. Its just an advice. Remember always DYOR!!!
Currently hoping that BTC will touch 8k ish. Then most of my buy-orders would hit.