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CryptoDonkie
May 8, 2021 10:55 AM

XRP Time to pay attention Long

XRP / DollarBitfinex

Description

Good day fellow traders,

It is time to watch your XRP assets, the market is likely to soon make a decision on where it wants to move. Even dough it isn't a convincing bullish momentum, there are more positive than negative signs.

- Healthy retracement from previous high 38.2 fib and ABC correction.
- Candle formations on 12H and Daily show a close battle between Bears vs Bulls. Monitor for bullish Harami candle on the daily timeframe
- DMI and RSI are in location to swing up
- MACD shows the tight battle and no clear momentum yet
- Larger wave count on the chart on possible route

Major levels indicated, there are more minor levels in between. Entry depends on your own DYI and conditions to enter a trade: early bird, buy break out, mid-long hold.

Goodluck to all

Order cancelled

As mentioned in the description, we needed more confirmation of bullish momentum. Obviously, this is also correlated to BTC moves, but it is not responding like some other strong altcoins in the sense of momentum and recovery. Conclusion take it back to the drawing board
Comments
t.alsunaid
i you Will investment in long time i think it Will reach over 100 . and i think now second wave in monthly
CryptoDonkie
@T.alsunaid, i would already be happy if we go 100% first:)
AZEB1A
I think the B wave is about to complete, with another leg down to 1$ or below as C wave.
CryptoDonkie
@tomellis6680, is also a possibility I looked at. Time will tell, and the BTC movement will influence altcoins. Which in turn makes it harder to predict
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