XRPUSD ABCD PATTERN, BREAKOUT LONG

13 Mar 2018

WE ARE SEEING THAT ALL CRYPTOCURRENCIES ARE IN A DOWNTREND SINCE THE BEGGINING OF THIS YEAR, BUT ALL OF THEM HAD BEEN STOPED AND SUPPORTED AT PSICOLOGICAL LEVELS, IN THIS CASE THE RIPPLE IS BEEN FORMATING A CONSOLIDATION ZONE BETWEEN 61.8 AND 23.6 RETRACEMENT FROM THE LAST UPTREND SO I THINK THAT WE COULD WAIT A BREAKOUT CONFIRMATION AND JOIN THE MARKET WITH LONG POSITIONS UNTIL $1.40 THAT IS A FIBO LEVEL EXTENSION.