Guys, my last chart on Ripple was a 30 minute chart and I can see now that I was off a bit so whenever I get a bit unsure of my close range projection I like to take a step back and trend the 50 MA against the 20 MA from a longer time frame. Here I have chosen the 4 hr chart and placed a trend line more or less on the vector of the 50 MA. You can see that in the last consolidation that the 20 was very happy to see the 50 again as I have indicated by the first green circle there. I'm thinking that we can expect a similar type of move here also.
The red circles just for interest are target strikes to some other moving averages potentially on other time frames... I'm just too cheap to upgrade my membership to be able to have more moving averages available to use in the tool box... lol.
The red circles just for interest are target strikes to some other moving averages potentially on other time frames... I'm just too cheap to upgrade my membership to be able to have more moving averages available to use in the tool box... lol.
I will be exiting somewhere near the top (usually I`m too chicken to hold out for the blow off top, lol...)
Looks to be in around January 3rd to the 5th. But the second half almost always up steepening on a parabolic, so possibly sooner. I will update as it moves forward.