GrantPeace

Ripple (XRP) Retracement

BITSTAMP:XRPUSD   瑞波币/美元
XRP has repeated this sequence 4 times, almost to perfection.

The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH pivot .
A retracement of 78.6% ensued throughout the second sequence.

The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH pivot .
A retracement of 78.6% ensued throughout the third sequence.

The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH pivot .
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.

评论: The spike higher than the 533% level was a result of buyers continuing to purchase out of emotion, creating overbought conditions.
评论: Accounting for the slightly higher pivot (not calculated using the all time high), the retracement target is approximately 87c. This is the revised price.
评论: Target Achieved.
评论: 87c Spot on.
评论: Possibly another opportunity for an entry coming up! $
评论: Aright, time for another entry back up to 2$! Idea to come soon!
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https://www.kenzing.com
XRP hit your target. Any future TA?
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GrantPeace rsatzerro
@rsatzerro, next target is 2$ again. I will post an idea soon.
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Jour GrantPeace
@GrantPeace, Hi,
what is your time frame for that? THX in advance.
BR
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@Jour, that is a golden question!
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Hi could you please update?
Thank you.
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so it already touched low on the 16th? This is before the breakout phase now?s
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C'mon Grant! Get in!
+1 回复
I was waiting for your update :)
+1 回复
Target?
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GrantPeace joshwoodcock
@joshwoodcock, We could see oversold conditions where the coin falls lower than 83c.
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