Ripple going for next spike after consolidation?
Updated
In the day view we see primary upwards trend got even more bullish with another trend line. Candlesticks are far above the ichimoku cloud and over Tenkan and Kijun showing strong positive trend. Chinkou Line is pointing upwards and above ichimoku cloud showing also bullish behaviour.
In the 4h view we can see market is in uncertain behaviour showing the consolidation of XRP from the last spike. Golden Cross (red to green ichomoku cloud) showing a good possibility of another spike following. Candle sticks are touching Tenkan line and near Kijun showing first signs of the coming spike. Once candle sticks go above Kijun this is first confimation then you can wait for a final confirmation by Tenkan crossing Kijun from below. Bollinger bands confirm this by supporting chart lines at midline. A more voluminous cloud shows possibility of an even higher spike than i expect.
I expect XRP to repeat its spike/consolidation behaviour going to a price range ~3,9-4,2$ until 10.Januar.
In the 4h view we can see market is in uncertain behaviour showing the consolidation of XRP from the last spike. Golden Cross (red to green ichomoku cloud) showing a good possibility of another spike following. Candle sticks are touching Tenkan line and near Kijun showing first signs of the coming spike. Once candle sticks go above Kijun this is first confimation then you can wait for a final confirmation by Tenkan crossing Kijun from below. Bollinger bands confirm this by supporting chart lines at midline. A more voluminous cloud shows possibility of an even higher spike than i expect.
I expect XRP to repeat its spike/consolidation behaviour going to a price range ~3,9-4,2$ until 10.Januar.
Note
As you can see Ripple fell back to its main trendline, precisely according to fibonacci pattern. Therefore, following its partnership now, i expect it to go steadily back to fib target zone of at least 2,5$ !!
RSI and MACD confirmation!
Buy and hold for a few days to sell with good winnings
you have a Win/Risk ratio of 2:1 !
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