XRPAtualizado Ripple (XRP) Retracement
XRP has repeated this sequence 4 times, almost to perfection.
The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH pivot.
A retracement of 78.6% ensued throughout the second sequence.
The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH pivot.
A retracement of 78.6% ensued throughout the third sequence.
The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH pivot.
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.
The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH pivot.
A retracement of 78.6% ensued throughout the second sequence.
The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH pivot.
A retracement of 78.6% ensued throughout the third sequence.
The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH pivot.
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.
Nota
The spike higher than the 533% level was a result of buyers continuing to purchase out of emotion, creating overbought conditions.Nota
Accounting for the slightly higher pivot (not calculated using the all time high), the retracement target is approximately 87c. This is the revised price.Nota
Target Achieved.Nota
87c Spot on.Nota
Possibly another opportunity for an entry coming up! $Nota
Aright, time for another entry back up to 2$! Idea to come soon!
Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
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Kenzing trading indicators for TradingView perform advanced real-time analysis of stock price trends and display alerts that are easy for the average Trader to interpret.
kenzing.com
kenzing.com
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.