XRP/USD - Bitfinex - Possible bullish and bearish scenario
On this graph we use Elliott Traingle Wave (ABCDE), Trendline, MacD below, Ellipse and arrow symbol.
Based on the graph there's bullish and bearish scenario after the decision on "D" and that is $0.28440.
We will see if this will continue bullish or bearish even if the BTC is very volatile and can drag this price.
Is this Leading diagonal or DIAGONAL put spread.
Verdict good buy:
$0.279 - $0.274
Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.
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Cryptocurrency & Blockchain
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.