With BTC looking much better to me XRP will make it to at least .66 here soon I believe. There is hardly any resistance up until you get past .65 so I can see it easily making it that far. The tough part was making it past .60 last night! Whats up with all these guys and their doom and gloom scenarios lol... It looks like we may dip back down to just around .60ish (Large support area) and then back up again..
But again this all depends on BTC as with every ALT coin out there...
Note
XRP showing and doing the exact same thing as BTC... we gotta get up out of this upwards pointing wedge to get moving anywhere... If we stay in the wedge we will fall from .66ish prob back down to our current level for a bit... just depends on how deep or if BTC takes a dive...
Note
We are seeing some action but might wanna watch close... last time the Aroon Oscillator indicator was this high we started falling... we are at -92 on the 4 hour chart.. -100 is not good... hopefully we settle here and go sideways a bit.. anyways something to watch!
Note
Meant +100
Note
Looks like we should be here for at least a few hours to let things cool off and consolidate for our next leg up to 66...
Note
Well we made .66! Now it looks like the markets will cool off for a bit. I am thinking after the move early this morning it will be another quiet day of consolidation with the occasional spike down and spike back up, and as we churn through the resistance that we have ahead so it may take a while.
I do like how the spike last night jumped us above the upwards pointing wedge.. maybe we ride along the top for a good while as a support zone...
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.