vincentlee3
Long

Ripple touches the support area and FIBO0.618

BITFINEX:XRPUSD   Ripple / Dollar
Ripple hits the 0.618, but it shows the resistance.

And there is a structure support area between 1.2050-1.2020

We can long the Ripple.
SL: 1.1650
TP: 1.29/1.3318/1.4050
Trade geschlossen: Stop wurde erreicht
I´m bullish about XRP, but I don´t think this will happen that easy.

The short term uptrend trendline has been breakdown, then retested with the right shoulder, before it broke the neckline to go downside, this have no direction yet.

We are still in the limbo with no defined trend, but with bears trying to push it down.

XRP is moving also in the support of the trend line created since the lowest point of the correction around .83-.85 on January 16 that matches also with the Fibo you have there, if it break it down, we may see at least XRP going through 1.13 area which has demonstrated to be a stronger support.
Antworten
vincentlee3 Pepe0722
@Pepe0722, yea, it won't happen that easy. Because not only the XRP, also the others crypto still suffer.

But if it shows support in this area, I think it will be a chance to have a try with a small lots.
Antworten
Pepe0722 vincentlee3
@vincentlee3, hope u did not lose to much :)
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