XRP Breakout Prediction I took about three hours stacking fibs, drawing Elliot's, and analyzing the previous Fractal in XRP to come up with this prediction. If XRP follows its previous fractal this is what will happen according to the math. Either way we have started a new Bullish Market Cycle so look to be grabbing entries. Message me for Entries/Exits!
Ripplebreakout
XRP PredictionI'm grabbing entries off the .786 as I expect Ripple to break out of of this consolidation period and go into a ascending triangle. I will sell my position once price hits the previous resistance. Once price breaks out of the ascending triangle I will make another entry and my target is at 0.000375
XRP consolidation period ending Here's what I see happening at the end of this massive bullish pennant (in no particular order):
1) 75 & 100 day moving averages about to cross
2) touching support - held yet again
3) touching sekou span A - usually a good sign a trend reversal is about to happen
4) Stochastic indicator showing oversold condition with imminent crossover
5) touching edge of bollinger bands
I don't see any indication we'll breakout through support.
Thoughts?