sebastian.seliga.7
Long

Ripple #XRPUSD - internal correction and rally goes on?

BITSTAMP:XRPUSD   Ripple / Dollar
TECHNICAL ANALYSIS:

The price of Ripple quoted to the Dollar set a new local high at 3.317, just below 100% Fibo at 3.414, followed by a downward 50% retracement of the previous upward impulse. Level 2.47 will therefore now act as support for bulls.

From the perspective of the Elliott Wave Theory, the current growth cycle may not have finished yet, as the alternative counter (in red) indicates the possibility of further impulsive increases rally.

TREND and IMPORTANT LEVLES:

Main trend: UP

Indirect trend: UP

Daily trend: UP (price in correction)

Key Levels:

for further increases - level 3.060 and later 3.317

consolidation/correction zone-levels from 2.27 to 3.06

for the continuation of falls - level 2.27 and later 1.62

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PPS: The next cryptocurrency analysis will be published if this post will receive min. 50 likes. :)
Trade ist aktiv: ABC Correction in place?
Trade ist aktiv: Buyback range: 2.09899 - 2.27399 :)
Trade ist aktiv: The correction looks more complex over time and in price. The levels on which you can buyback this cryptocurrency remain unchanged.
Trade ist aktiv: New levels are in play now as the correction is evolving.
As long as the level of 2.16 is not violated, the outlook is more bullish than bearish.
Any violation of the level of 2.80 means the market will go to test the highs at 3.32.
a fantastic analysis!
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should i sell it @ 2or hold to 4
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tienpx tienpx
2.3 or hold to 4
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Should i buy XRP @ 1.arat this monent?
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tienpx tienpx
@tienpx i mean 1.6
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It seems like be forming the head and shoulders
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I am trying to buy back at 1.27
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I'm still holding on to XRP at the moment. Each time it goes lower it seems to bounce up pretty sharply again so I'm confident that there is a 'bottom' to this correction and hopefully its already in!
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The 2.16 level was violated, but we're back. This is a confusing scenario. Thoughts on this ?
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