Ripple (XRP) Retracement

2017년 12월 30일

XRP has repeated this sequence 4 times, almost to perfection.

The first consolidation period lasted for approximately 9.5 days and resulted in a 533% rally from the previous ATH pivot.
A retracement of 78.6% ensued throughout the second sequence.

The second sequence lasted 5 times longer than the first consolidation period and resulted in another 533% increase from the previous ATH pivot.
A retracement of 78.6% ensued throughout the third sequence.

The third sequence lasted 5 times longer than the second sequence and resulted in (yet again) another 533% increase from the previous ATH pivot.
I expect another 78.6% retracement to occur. This will put the price of XRP below 1$.

2018년 1월 10일

노트

The spike higher than the 533% level was a result of buyers continuing to purchase out of emotion, creating overbought conditions.

2018년 1월 16일

노트

Accounting for the slightly higher pivot (not calculated using the all time high), the retracement target is approximately 87c. This is the revised price.

2018년 1월 17일

노트

Target Achieved.

2018년 1월 17일

노트

87c Spot on.

2018년 1월 22일

노트

Possibly another opportunity for an entry coming up! $

2018년 2월 26일

노트

Aright, time for another entry back up to 2$! Idea to come soon!