XRP broke out of the downtrend, retested the trendline and started a 3rd leg up in a total of 5 up. If you missed a good entry, you might a better chance pretty soon. Based on the indicators, I'm expecting some correction after hitting the fist blue zone or maybe earlier when it doesn't get that high. Wait for the price to come back to the blue trendline , when it doesn't break downwards, you can jump on the train. I will update on a shorter timeframe. Leg 4 and 5 are indicative. Too early to tell. Targets are based on Fibonacci extensions.
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As expected, price is correcting. Missed the targetbox slightly. Check the updated chart where I expect the bounce. Watch priceaction near the bottom for a bounce, or buy the breakout.
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Keep your eyes on this one, can bounce any time! Looking at the indicators...it might fall a bit further towards the trendline but breakout can happen pretty soon. When breaking out, wait for a retest/consolidation to be sure it isn't a fake breakout.
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Here is the breakout, but it looks to me as it will retrace some more towards the trendline. Making a bearflag right now. I will update when I see good possibilitie to buy
You think we will see the .175$ level again today?
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@chelseafc9_, I can't tell you....let the market decide. Whatch priceaction for breakout. Trade what you see, not what you think ;-)
chelseafc9_
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I bought in at .1728$ then sold it today this morning at .1775$ .. i thought it would go down to .1750 level but look like i made a big blunder :( ... I was expecting a lot more correction but it looks like there is strong resistance at .178$ ... i dont why i was trying to be extra clever :(