CUP and HANDLE

25 Des 2017

Aside from the strong dip down to .50, old resistance becomes new support at .82 cent (pull the fib out and we can easily see why) so we are looking for it to become a major support if the inverse cup and handle progress. Just like the break out of the .20 slump, the 1$ break had the same volume but we didn't spend much time above $1. Unfortunately XRP is not among the alts that stay immune to bitcoin trend *cough RDD *cough SC *cough DOGE so the BTC correction didn't help. We have to keep an eye out for XRPBTC for to see it's effect on XRP in the next 24-48 hours for either a support .82 test or any momentum break above the 1.05 zone and that could provide the boost for 1.5. I'm lookin' to get out under .82 and get in above 1.05