ramonbenavides12

Related Drawing XRP Simple is Best

BITSTAMP:XRPUSD   Ripple / Dollar
This is a macro drawing of the pulse.
1) The pulse occurred in a strong downtrend
2) FIBs show retracement levels for the pulse. Notice there is structural support near or at these levels.
3) A Return to .70 will be a return to downward Trend Channel top
4) A .236 is not a good indicator
5) Volumes still support good buying activity.
6) Watch BTC             data for early indication of buying
Kommentar: Very Good Suppor level
Kommentar: Very Good Support Level at the .382
Kommentar: Next Target 1.40 ish.....Good Morning! Japan!
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