40% gains possible for
XRP
in the short term. All relevant info is contained within the chart.
History would indicated that this current break out is far from over, and should see substantial volume continue for several intervals. If we get the volume, I expect to hit a target of .00012, which represents a 40% increase. This would occur over the course of 48 hours. If this breakout fails and does not reproduce the effects of the prior price surges, then I'd shelve it for a few weeks until the same variable again come into play.
The hourly RSI is already at 80, but the run can be extended if the index double dips, at is did on the last large price change on 2/9. The RSI was already high upon the initial jump, so it dipped down before continuing on for massive 35% increase from there.
Factors to consider:
1. The volume and volatility help to predict the relative time between price spikes.
2. Spikes accompany the dramatic surges in volume far beyond typical trader volume.
3. Each spike was predicted by bullish divergence on the RSI. The down trend continues, while the RSI diverges and shows an increase in relative strength.
TARGET: 0.00012
Stop-Loss: 0.0000795 (or 72 hours without additional increase)
GOOD LUCK!
XRP
in the short term. All relevant info is contained within the chart. History would indicated that this current break out is far from over, and should see substantial volume continue for several intervals. If we get the volume, I expect to hit a target of .00012, which represents a 40% increase. This would occur over the course of 48 hours. If this breakout fails and does not reproduce the effects of the prior price surges, then I'd shelve it for a few weeks until the same variable again come into play.
The hourly RSI is already at 80, but the run can be extended if the index double dips, at is did on the last large price change on 2/9. The RSI was already high upon the initial jump, so it dipped down before continuing on for massive 35% increase from there.
Factors to consider:
1. The volume and volatility help to predict the relative time between price spikes.
2. Spikes accompany the dramatic surges in volume far beyond typical trader volume.
3. Each spike was predicted by bullish divergence on the RSI. The down trend continues, while the RSI diverges and shows an increase in relative strength.
TARGET: 0.00012
Stop-Loss: 0.0000795 (or 72 hours without additional increase)
GOOD LUCK!