AS you can see that the Ripple has moved just passed the intersection of the trendlines. I am expecting this to basically move sideways frustrating all short sellers as well as weak hands. I have drawn a fibo to show that the trendline intersection was very close to the 0.236 mark. Where is this going?
Firstly the downside risk is very limited. I find the risk to be negligible right now. On the upside, 1.7 may be a minor resistant and 1.9 may be a bigger one. Around 1.9, I am expecting to form another sideways movement whereas more good news from Ripple to ensure this break towards 4ish.
I am long with XRP/ETH. I do not expect ETH to have a major upside. Rather I am expecting ETH to stay below 2000AUD for now.
Firstly the downside risk is very limited. I find the risk to be negligible right now. On the upside, 1.7 may be a minor resistant and 1.9 may be a bigger one. Around 1.9, I am expecting to form another sideways movement whereas more good news from Ripple to ensure this break towards 4ish.
I am long with XRP/ETH. I do not expect ETH to have a major upside. Rather I am expecting ETH to stay below 2000AUD for now.