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XRPBTC Retraced, What Next?Hello Traders, Today’s update will be on XRPBTC from previous technical analysis, the retrace happened, what next? Points to consider - Price retraced and tested new support (R/S – flip retest) - Price respected .618 Fibonacci Level - Local resistance is .382 Fibonacci Level - EMA’s giving price resistance - RSI respecting trend line - Volume Declining - Stochastics neutral - VPVR on a steady decline in transactions - Possible consolidation before next leg up Ripple has managed to retrace back to its new support and respected the .618 Fibonacci Level before a small bull impulse move up. Small local resistance for ripple is along the .382 Fibonacci level, price is trading within a small range as of now. EMA’s are currently providing price with resistance, pushing it down towards local support. The RSI is currently respecting it’s upwards trend line; a third bounce from here will prove its significance. The stochastics are currently neutral; we don’t really have a projected direction with conviction… Volume is noticeably declining, we need to see an increase in bull volume if price where to respect support and head higher. The VPVR shows a clear decline in the level of transactions heading up, with increased bull volume, price can easily test upper levels. It is more probable for Ripple to consolidate in the orange box before making another impulse move… Furthermore, we do need to keep in MIND Bitcoins Breakout; this can negate any setups in any ALTS What are your thoughts on Ripple? Will it respect support or break through it? Please leave a like and comment, And remember “Trading doesn't just reveal your character, it also builds it if you stay in the game long enough.” Yvan Byeajee
by AzizKhanZamani
JSE:OMU Old Mutual Markdown after Redistribution After a sharp drop, Old Mutual has been undergoing redistribution. We have now seen all the Wyckoff Phases and a backup (BU) after the breakout to the trading range (TR). So base on the Wyckoff theory the markdown in Phase E is set to start. Watch for a strong downward trend. I had previously analysed this as an accumulation range (see posts below) because it looked to me that there was buying at R20. After breaking the level and now it has BU to this level again and is set to be marked down.
JSE:OMUShort
by SteynTrade
LIVX - Bullish Pre-Market - Drop Retracement Due?LiveXLive Media, Inc. engages in the acquisition, distribution and monetization of live music, Internet radio, and music-related streaming and video content. It provides music fans the ability to watch, listen, experience, discuss, deliberate, and enjoy live music and entertainment. The company also involves in the sale of subscription-based services and advertising from music offerings and the licensing of live music content rights and services. LiveXLive Media was founded on December 28, 2009 by Robert Scott Ellin and is headquartered in Beverly Hills, CA. SHORT INTEREST 2.22M 08/30/19 P/E Current -2.90 P/E Ratio (with extraordinary items) -2.94 Average Recommendation: BUY Average Target Price: 5.86
LLong
by DEXWireNews
PRTK - Increased Volume From Bounce. Could Keep Trending UpParatek Pharmaceuticals, Inc. engages in the development and commercialization of therapies based upon tetracycline chemistry. Its products include omadacycline and sarecycline, which are used for the treatment of community-acquired bacterial infections, including community-acquired bacterial pneumonia, acute bacterial skin and skin structure infections and urinary tract infections. The company was founded by Walter Gilbert and Stuart B. Levy in 1996 and is headquartered in Boston, MA. P/E Current -0.95 P/E Ratio (with extraordinary items) -0.89 Average Recommendation: BUY Average Target Price: 21.33 SHORT INTEREST 10.98M 08/15/19
P
by DEXWireNews