Welcome Back Apostles!
I have came to the conclusion that Dollar pairs are more accurate for charting cryptocurrency...
Taking a look at the daily timeframe we see XRP formed a full Elliott Wave Market Cycle, followed by nearly a full ABCDE retrace to the .883 Fibonacci level.
Crypto can be notorious for the full retrace which is why its important to take profits, and always keep tether to buy the dips!
I always trade with the mentality that prices will most likely go lower than i originally plan. Setting multiple buy orders in the form of laddering can help minimize risk of catching a falling knife.
The RSI is slightly trending above oversold which is why expect XRP to go a little lower back to $.50
It's very possible prices break support of $.50 and fall to $.20-$.30 so keep that probability in mind.
Noticing a lot of rounding in price which is a good sign for the bulls in this case. RSI can attest to that
Notice how cheap XRP is by how little 100% is compared to the overall market cycle. SHEESH!
*CHECK FOR UPDATES*
God Bless, JolleyCrypto
I have came to the conclusion that Dollar pairs are more accurate for charting cryptocurrency...
Taking a look at the daily timeframe we see XRP formed a full Elliott Wave Market Cycle, followed by nearly a full ABCDE retrace to the .883 Fibonacci level.
Crypto can be notorious for the full retrace which is why its important to take profits, and always keep tether to buy the dips!
I always trade with the mentality that prices will most likely go lower than i originally plan. Setting multiple buy orders in the form of laddering can help minimize risk of catching a falling knife.
The RSI is slightly trending above oversold which is why expect XRP to go a little lower back to $.50
It's very possible prices break support of $.50 and fall to $.20-$.30 so keep that probability in mind.
Noticing a lot of rounding in price which is a good sign for the bulls in this case. RSI can attest to that
Notice how cheap XRP is by how little 100% is compared to the overall market cycle. SHEESH!
*CHECK FOR UPDATES*
God Bless, JolleyCrypto
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