Showing the fib targets for the next week or so. There is a confluence of resistance at .55. The confluence is confluence of a price projection(1.0) and fib extension of 1.618. These two should act as magnets for price action.
The price oscillator also shows the recent impulse as wave 3 for now with last weeks dump a possible wave 4, or v bottom(simple correction). We should move higher from here to hit wave 5.
The price oscillator also shows the recent impulse as wave 3 for now with last weeks dump a possible wave 4, or v bottom(simple correction). We should move higher from here to hit wave 5.
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On a side note. If it continues to go down. the .786(.32 cents) would be a realistic buy area.
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Lastly, Here's xrp compared to btc. It has some catching up to do
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Both Symmetrical Triangle and Descending wedge look in play here. We'll see which one it picks.