In my previous analysis I post an idea for bottom support line since ripple start growing. Today based on that line I draw another one with obvious importance for . XRP already touch both lines several times and retrace always.
It may sound optimistic but I think it is possible that we may see some movements like this ones.
And remember: Everyone has to decide when and what a deal to do! I just write some drafts here. I do not expect to complete them at 100%.
Note: Stop loss is always a must!
See my previous analysis on XRP/USD
If it only bounce on it and go up - then this idea can be canceled!
I am long @ 1.33 with Target 1.70 - 1.75.
This week bears are weak, and bulls takes a little bit stronger.
Looking at weekly chart bulls eats more than 50% of bear's success.
We touch .786 fib level and at the moments we are in .618
I expect to go higher @ .5 = 1.75 next week. This fib level is the top line of current trend, so there is no surprises for now.
If 1 dollar support broke, we can see fall to 0.20.
I plan to buy more at 1 dollar.
Changed target at 1.85.
Second entry at 1.05 - 1.10