XRP infront of big hurdle

2019年6月26日

After XRP breaking out from the bullish pennant and the retest of the symmetrical triangle line XRP is looking for a breakout of the 50 cents, which has represented itself as a huge hurdle. I have charted a five wave Elliot structure that projects the price to end up somewhere in the 80 cent range in the following weeks. If XRP surpasses 50 cents, things should gain sufficient volume and as such higher volatility. If we, however, cannot surpass the 50 cent levels in the next 2 or 3 days its likely that XRP will revisit the 30 cents.

2019年6月26日

註釋

seems to be retesting support of the fib level, hopefully, leading to higher prices

2019年6月26日

註釋

bullish hammer candle developing

2019年6月26日

交易結束：目標達成

trendline held, need to see if it builds a bear flag now, cant make predictions

2019年6月27日

註釋

Held at fib level, but seems to be making another bear flag. I would advise staying out of the market for now. Eager ones can risk an entry point now.