ibuytops

XRP brief consolidation period, then another run

BITSTAMP:XRPUSD   Ripple / Dollar
XRP taking a brief pause here after such a long run. This set up looks exactly like the last run it had. It had a sharp dip, then just as I wrote in my last idea, it consolidated near/within Ichimoku clouds , and ran back up after. I see the same happening here again. RSI and MACD are at the early stages of the consolidation. Fib retrace points to the golden ratio again, near 2.47ish. We might retest that area soon if high 50's/low 60's cannot hold. Q4 partnerships will be releasing soon, HODL on.
Kommentar:

If you're interested to see my last idea, it is almost identical to the current chart. I bounces off the lower bound of the Ichimoku cloud and takes off. I personally think we see a longer consolidation but only time will tell.
Good chart. How about other timeframes for comparison?
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ibuytops monzoncali
@monzoncali, I'm not to experienced using trading view, how would I add an extra chart? lol
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monzoncali ibuytops
@ibuytops, No worries, what platform do you use? or maybe a new post? I am just learning about Fib and cloud stuff
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ibuytops monzoncali
@monzoncali, I use trading view but I never really posted ideas, so never added more than one timeframe onto an idea
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