| TARGETS |
- 1. $2.53 | 0.786 Fibonnaci Level | This is a common level that price bounces off before more movement upwards.
- 2. $3.17 | Previous Candle ATH | This is a level we need to watch as we may see more movement from here, rather than a downward move.
- 3. $4.95 | 1.618 Fibonnaci Level | This is a common level that price that we will see resistance at.
| INDICATORS |
- 1. Ichimoku Cloud | The Tenkan and Kijun lines of the Ichimoku Cloud Indicator crossed bullish. | This signifies short-term trend reversal.
- 2. Fibonnaci | Previously, the trend of Ripple is hitting key Fibonacci levels, like 0.786 and 0.500. | This helps us predict prices that we will see resistance at.
- 3. MACD | The two MACD lines crossed under bullishly under zero. | This signifies trend reversal.
- 4. RSI | The RSI has entered bullishly above twenty. | This shows us that we have more room to go upward.
- 5. TDI | The TDI indicator is currently under fifty and just started moving upwards again. | This shows us that we have more room to go upward.
- 6. ADX | The ADX indicator is consolidating neutrally at twenty. | This signifies that the negative trend is over.
- 7. Elliot Wave Theory | The price followed an ABC correction. | This signifies that we are at the beginning of a new impulsive wave.
| QUOTE OF THE DAY |
I alone cannot change the world, but I can cast a stone across the water to create many ripples. - Mother Teresa
Comment:
Added Elliot Wave Theory