XRP LONG - THE TIME IS NOW
If we look at XRP, we are repeating the same pattern as last time. We pump, then slowly start retracing down to the 0.618-0.65 fib. This time, we hit another fib level where we could see a bounce of the 0.618. So just by looking at the chart we know 0.65 ratio is important.
Then we look at the 4H RSI, we have it breaking the support line we hold... That dosnt mean much, as the rsi still can retrace above the support line, we need to see what will happend in atleast 12 hours time.
Then we have the CCI indicator which is showing us the important -200 index, each time we touch that the retrace has weakened, and it was followed up by a pump.
I would say get a long going from here, and have a SL at .2600.
Then we look at the 4H RSI, we have it breaking the support line we hold... That dosnt mean much, as the rsi still can retrace above the support line, we need to see what will happend in atleast 12 hours time.
Then we have the CCI indicator which is showing us the important -200 index, each time we touch that the retrace has weakened, and it was followed up by a pump.
I would say get a long going from here, and have a SL at .2600.
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