XRP cycle looking very similar, run to 2 dollar? see updates

29 באוק׳ 2018

Hugely speculative but cycle is looking very similar to previous cycle. We can see alot of resemblance in the cycles:

- If we can keep up this price, the 50 EMA will cross aboven 200 EMA (golden cross).
- The daily MACD is looking very similar to previous cycle and also about to cross bullish if the price can keep up.
- Both cycles have lasted exactly the same time (see updates below)
- Trend bounced on the 0.705 fib (OTE) after both initial runs (link for OTE: youtube.com/watch?v=Cg0-CFJOJvg&t=2268s )

If we follow the exact same fibonacci extension as last cycle we would reach around 30750 sats which would be approx 2 dollar at the current BTC price.

If we break up from this consolidation area I will be looking to add to my long position for a longer term trade.
If we break lower from this consolidation area I will be looking to short into the 0.35-0.37 dollar area.

29 באוק׳ 2018

הערה

Both cycles lasted approx 281 days

29 באוק׳ 2018

הערה

A pennant-like structure forming but it is a very choppy area.
As highlighted with the circles, 50/200 EMA cross and daily MACD cross very near

29 באוק׳ 2018

הערה

29 באוק׳ 2018

הערה