Xrp finding support - you can take that to the bank
Just had a necessary correction, the descent is slowing already - the very lowest it will go is around $0.655 on the 61.80% fib, but with the sort of money i can see going in it may not even reach that, be aware there is a slight difference in price between exchanges - once the candles hit the blue 1x1 fib ray the price will resume climbing - There lot of headroom left here, the next arc up is the red 3rd arc pair around $1.03 - I expect Xrp to finish this chart with some battles on the way *)
Note : The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.
Note : The Japan Bank Consortium — a coalition of 61 banks in Japan, organized by SBI Ripple Asia — has announced the launch of a new Ripple pilot with Woori Bank and Shinhan Bank, two of South Korea’s largest banks with a collective market capitalization of more than $30 billion.
Komen:
Bouncing hard - There was a goodly panic sell there and it came a couple of cents lower than I expected, I'm sure all you sensible traders picked up some bargains haha!
Komen:
The candles are being contained by the arc - expect a bit of sideways movement towards the blue 1x1 - If you study the shape created between the blue 1x1 fib ray and the inner arc - this is the Gann equivalent of a bull pennant - the next arc pair is around $1.15 depending on where we strike - There is a chance the price could fail and we fall off the 1x1 - Next support is $0.65 and the $0.58-$0.60 - However pushing thru this arc is infinitely possible, it happened on the previous chart linked below, in which case expect $1.50 oO
Komen:
Link to previous chart -
Komen:
On Monday XRP is being added to Coinbase along with Dash and XMR - Nuff said
Komen:
The arc is making a good job of containing the candles, if we dont break out the arc the price can slip to around $0.60, next couple of hours is important
Komen:
At the edge of the arc, this is where the action happens 1 way or the other - The 2x1 fib ray beneath the arc is the next uptrend - The arc is descending resistance and can contain the candles all the way down to the 2x1 or if the candles escape the arc we are going up - Depends on how much thunder Btc steals off the rest of the market
