XRP 3x fakeout in relation to hidden macro bull
Updated
Ripple faked us out 3 times after another since this summer
But don't lose trust! XRP has times to come
Yesterday's (2017-11-16) American Express announcement has value:
cryptocoinsnews.com/ripple-price-posts-double-digit-rally-on-amex-partnership-announcement/
Basically it said XRP as a currency/vehicle was noch (yet) integrated, rather than "adopting" Ripple at the moment
What we see from here:
- Ripple gains value slowly but successively
- Increasing public awareness, increasing groups adoption makes it less and less likely to fall longer <$0.20 again
- MACD is slowly flatting
- Convergence leading us into end of Q1/18 where range-binding increases meaningfulness
- Potential macro target leads us in to the fib extensions of 141%-161% to the 0.60s
But don't lose trust! XRP has times to come
Yesterday's (2017-11-16) American Express announcement has value:
cryptocoinsnews.com/ripple-price-posts-double-digit-rally-on-amex-partnership-announcement/
Basically it said XRP as a currency/vehicle was noch (yet) integrated, rather than "adopting" Ripple at the moment
What we see from here:
- Ripple gains value slowly but successively
- Increasing public awareness, increasing groups adoption makes it less and less likely to fall longer <$0.20 again
- MACD is slowly flatting
- Convergence leading us into end of Q1/18 where range-binding increases meaningfulness
- Potential macro target leads us in to the fib extensions of 141%-161% to the 0.60s
Trade closed: target reached
Wow.Instant. 0.60 (0.59999) reached, way earlier than expected in that huge crypto bull.
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