sebastian.seliga.7
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Ripple #XRPUSD - internal correction and rally goes on?

BITSTAMP:XRPUSD   Ripple / Dollar
TECHNICAL ANALYSIS:

The price of Ripple quoted to the Dollar set a new local high at 3.317, just below 100% Fibo at 3.414, followed by a downward 50% retracement of the previous upward impulse. Level 2.47 will therefore now act as support for bulls.

From the perspective of the Elliott Wave Theory, the current growth cycle may not have finished yet, as the alternative counter (in red) indicates the possibility of further impulsive increases rally.

TREND and IMPORTANT LEVLES:

Main trend: UP

Indirect trend: UP

Daily trend: UP (price in correction)

Key Levels:

for further increases - level 3.060 and later 3.317

consolidation/correction zone-levels from 2.27 to 3.06

for the continuation of falls - level 2.27 and later 1.62

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PPS: The next cryptocurrency analysis will be published if this post will receive min. 50 likes. :)
Giao dịch bắt đầu: ABC Correction in place?
snapshot
Giao dịch bắt đầu: Buyback range: 2.09899 - 2.27399 :)
Giao dịch bắt đầu: The correction looks more complex over time and in price. The levels on which you can buyback this cryptocurrency remain unchanged.
snapshot
Giao dịch bắt đầu: New levels are in play now as the correction is evolving.
As long as the level of 2.16 is not violated, the outlook is more bullish than bearish.
Any violation of the level of 2.80 means the market will go to test the highs at 3.32.
snapshot
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a fantastic analysis!
Phản hồi
should i sell it @ 2or hold to 4
Phản hồi
tienpx tienpx
2.3 or hold to 4
Phản hồi
Should i buy XRP @ 1.arat this monent?
Phản hồi
tienpx tienpx
@tienpx i mean 1.6
Phản hồi
snapshot

It seems like be forming the head and shoulders
Phản hồi
I am trying to buy back at 1.27
Phản hồi
I'm still holding on to XRP at the moment. Each time it goes lower it seems to bounce up pretty sharply again so I'm confident that there is a 'bottom' to this correction and hopefully its already in!
Phản hồi
The 2.16 level was violated, but we're back. This is a confusing scenario. Thoughts on this ?
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