Coin:XRP(Ripple)
Entry:0.23558
Target: .26492
Stop: 4.18%, at .22573
Thought: XRP looks like it is following a Elliot wave and is now in its downtrend. I belive it will hit point C below its previous support at the .382 fib. Also, if it gets to its previous support the RSI will show that it is oversold and should bouce back and clear the resistance from the wedge which would cause it to go parabolic till we find ourself at the previous resistance.
Gains: 12.37%
Entry:0.23558
Target: .26492
Stop: 4.18%, at .22573
Thought: XRP looks like it is following a Elliot wave and is now in its downtrend. I belive it will hit point C below its previous support at the .382 fib. Also, if it gets to its previous support the RSI will show that it is oversold and should bouce back and clear the resistance from the wedge which would cause it to go parabolic till we find ourself at the previous resistance.
Gains: 12.37%