Tickmill
Long

Ripple continues to test major support, watch for a bounce!

BITFINEX:XRPUSD   Ripple / Dollar
Ripple continues to test major support at 0.8224 ( Fibonacci extension , Elliott wave structure, horizontal swing low support, bullish divergence ) and a strong bounce could occur at this level to push price up to at least 1.1511 resistance ( Fibonacci retracement , horizontal overlap resistance).

Stochastic (34,5,3) is seeing major support above 8.4% where a corresponding bounce could occur.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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This analysis is provided as general market commentary and does not constitute investment advice.
ripple is following bitcoin. if bitcoin doesnt have correlated support, xrp will not adhere to its support. those still holding, the market has thrown you a small life jacket in the form of a deadcat.. bail.
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Nice chart. You can see XRP trying to cling onto your lower support level... thanks... we'll see
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See my charts they clearly show a drop to .30 before a genuine bounce
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Epic fail tickmill
+4 Antworten
PaulHuan harinsara
@harinsara, haha yeah :)
HOLD IS THE ONLY WAY
RECOVERY WHEN HAPPENS SHOULD BE ULTRA FAST
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nixel harinsara
@harinsara,
Every trade against the trend is 99% fail.
Why don't you bet on bears?
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