BITFINEX:XRPUSD
Moved some trend lines.
Looks bullish, I don't know. #XRP $XRP
If it doesn't, then hey, buy more at lower levels right? - NOT advice, NOT a suggestion, NOT a financial adviser. Trade at your OWN RISK .
Overall , I would hope the long term trend line is respected, keeping that overall long term bullish consensus. If broken and price closes below we could be looking at lower levels around 0.27 to 0.28, however, the fact it has bounced gives us a long positive consensus and a good reason to buy the lower prices. Don't target 'goal' or 'ideal' prices as this...
XRPUSD seems to be in a mid-range consolidation area, I'm unsure of the short term sentiment, but remain bullish on the overall outcome.
Strong sell off in the last 2 hours, expecting a drop to demand zone 2. Overall long positions kept. No valid news received explaining dip in price.
1. Added in a simple trend line along with the lower pivot points. 2. If the trend line is broken through I would expect a dip lower into demand area 1. 3. Thereafter expecting a bullish move towards supply area 1. This seems a good bullish setup. *This is not financial advice and purely my own expectation and opinion.* See below link to my associate's website.
Expecting to fill its boots within demand area 1. BITFINEX:XRPUSD
US News and general manipulation. Hit supply area, waiting a sell off.
Not only has the EURUSD bounced off demand and the trend line. The range, despite a slow day, hasn't been large enough to denote a possible change in direction. Bias still remains short for the long term, awaiting potential break short or retracement to recent supply area.
Same bias.
Update on previous post - Bias remains the same. Waiting for a break out long or short.
Britain has dented the euro, influencing many other countries to potentially follow. Italian Euro Exit has been brought to surface, which in turn will weigh on the euro even if it only a short term "idea." If I'm am wrong I am covered and willing to wait it out. The chart shows consistent short breaks of channels. We're currently on the 3rd channel, testing...