Scratshee

XRP/USD waiting for wave 4.

KRAKEN:XRPUSD   Ripple / Dollar
Nice bullish rally for Ripple in wave 3.
Corrective wave 4 will most likely drop to $2.62 but may not exceed the high of wave 1.
Waiting for the MACD to cross afterwards wave 4 will start down.
The target for wave 5 is around $4.

Happy trades and please share your thoughts!

im new in trading can i buy some xrp now or not
Antworten
Scratshee MohamedKaki
@MohamedKaki, I expect the trend to go down so I would advise you to wait but of course this is your own choice, I might be wrong, Good luck.
+1 Antworten
MohamedKaki Scratshee
@Scratshee, thank you
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price is going up again without testing support line?is it possible to have new breakout right now and not having any correction?i shorted xrp at 3.2 :((
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Scratshee salehiialii
@salehiialii, at this moment we are waiting for the uptrend to break and for the corrective wave 4 to come into play. MACD is close to a crossing and the RSI indicates overbought at this moment. Wave 3 might extend more up but there will be a correction.
+1 Antworten
lx68 salehiialii
@salehiialii, don't worry, just shorted aswell at the price of $3.2
just lean back and in a few h maybe in minutes, the downtrend will beginn
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@lx68, @Scratshee since the price breaked and closed above 3.2 resitance line,can we expect new traget of 4.5 with out having a correction?
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Scratshee salehiialii
@salehiialii, Something like that can happen if corrective wave 4 is nog starting. But the market is currently overbought so I am quite sure that there will be a correction.
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