XRP retraced to 78% fibonacci level might bounce to 1.7
in EUR: On january 9th the daily MACD lines crossed giving a strong sell signal. XRP proceeded to correct to the 78% fibonacci level, computed from the big pre-christmas advance that started the 0.2 to ~2.7 run.
There is now a small bounce on the 78% fib level, it could go up to the middle of the boillinger band around 1.7 , but before that it needs to break the downtrend resistance.
Watch for a break above 1.2 before going up to 1.7.
PS: I played the dead cat bounce at 0.75 eur which was retested today.
There is now a small bounce on the 78% fib level, it could go up to the middle of the boillinger band around 1.7 , but before that it needs to break the downtrend resistance.
Watch for a break above 1.2 before going up to 1.7.
PS: I played the dead cat bounce at 0.75 eur which was retested today.
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