There is not much to add to the previous analysis, except that the xrpbtc’ pair seems to have made a small breakout. The one i posted in my public channel just before that small pump. Here we can also see an attempt to push up as well, but is still low. It is increasing a bit which is good and it is still below all the resistance levels, so it’s normal that it’s not very high. But it must increase if we do break certain levels. Like the 0.385/0.390. The big resistance is around 0.40ish.
It is a good sign, that since we broke that channel from the previous analysis, that we have stayed above the break out level (green ). So everything is in place to make a rally, i think it’s only bitcoin [BTC]’ that can ruin this. But if we look back to that rally a few weeks ago, to 0.46. That breakout was almost perfect. But because of that huge Bart move in , it dragged the whole market down like it was nothing. Just saying this to be aware of things.
Previous analysis:
Published at Thu, 10 Jan 2019 00:59:43 +0000