XRPUSD - Preparing it's next pump pour BITSTAMP:XRPUSD par Patralis

XRPUSD - Preparing it's next pump

I see a clear butterfly with a double bottom pattern, first need to backtest 0.80-1.00 level before going to the upside.

This is not financial advice.

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Update: Price has backtested 1.40 support level, we will not see a corrective way to 0.8-1.00.

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Update: Price has been rejected at 1.60, we saw a 0.702 fibonacci retracement in last day's price action. I still think we will revisit 1.00-1.20 before heading up.

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Going in an uptrend now, we're still inside a range, if we break out above 1.75, 2.30 is next.

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Update: my initial idea was correct. Now up up up we go :)

Patralis

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