Plotted a Fibo and here are the key levels that we need to keep an eye on... 1st is the 2.24 area, next is the 2.77 area, and the 3.63 area is the Major Fibo level that XRP really needed to break.
As a trader you are not allowed to be greedy. But for $XEM let us all make an exception. Fibo traget at 1.07 area
This one is resting before doing another leg up. Ride and set up your trail stop.
I plotted the Fibo levels for the week. It seems to be resting on 0.5 level. Hopefully we can bounce up from here and have volume confirmation with it.
After testing the 1 year support, price went bullish and broke the price structure resistance. And it is now bound to break the 6 month price resistance.
We might see a slide further down. A lot of TA traders are calling for a short. Maybe it's a good buying opportunity...