Is Ripple Done Retracing? Maybe Not! [XRPBTC] @alanmasters

מעודכן
I am looking at the Ripple (XRPBTC) chart wondering if the retrace is over... I don't think so... Let me share with you why:

  • Price broke below EMA100 (blue line) and 0.618 Fib. support. Two strong support broke at once.
  • Hasn't reached 0.786 of Fib. support... Alts tend to stop here on the way down.
  • Bear volume is dominant.
  • Expect additional retrace. I will keep an eye out and share an update when I believe -based on chart signals- the retrace is completed.
  • If XRPBTC moves up with strength and volume, breaks EMA10 and EMA100 and closes above it. Then we can say the retrace is over and a new analysis is needed.
  • For now, expect additional bearish action.


I hope you find this information useful.

Alan Masters!

Namaste.
הערה
XRPBTC breaks above EMA10 and EMA100. This is our signal.

תמונת-בזק

If XRPBTC closes above these levels, we can consider this retrace over.

Namaste.
הערה
Our signal is in.

"If XRPBTC moves up with strength and volume , breaks EMA10 and EMA100 and closes above it. Then we can say the retrace is over and a new analysis is needed."

Ripple (XRPBTC) Retrace Is Over!
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