Cryptocurrencies & Gold πŸ”₯ Ripple Setups Bullish Pinbar after Bearish ABC πŸ”₯

Dear Traders,

This article discusses and analyses 3 cryptocurrencies: Bitcoin, Ethereum and Ripples.

Bitcoin (BTC/USD) is building a sizeable correction but a continuation higher is likely when the retracement finishes. This could occur after price builds a retracement towards the 61.8% Fib or after breaking above the resistance.

Ripple (XRP/USD) is showing a strong bullish pinbar candlestick patterns after making a 3 wave bearish ABC correction. A bullish breakout could indicate the end of the bearish correction whereas Ethereum (ETH/USD) is pushing higher and is aiming for 1500$.

Gold (XAU/USD) is facing a strong resistance trend line. A bearish bounce could see price fall towards 1150-1100 which could trigger a larger uptrend.

Check out the video for the full analysis and trade plans on 9 January 2018:

  • Technical analysis
  • Review of patterns, trends, key S&R levels
  • Explanation of potentrial trade ideas both up and down
  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

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Source:: Cryptocurrencies & Gold πŸ”₯ Ripple Setups Bullish Pinbar after Bearish ABC πŸ”₯

About the Author
Elite CurrenSea (ECS), founded by Chris Svorcik & Nenad Kerkez, is an award-winning Forex, CFD & Cryptocurrency trading solution provider. [space height="20"] Nenad & Chris offer market analysis, free education and proprietary trading systems. Their combined trading experience of over 30 years helps them to navigate the markets applying their favourite Wave Analysis Theory (Chris Svorcik) and Camarilla Trading Method (Nenad Kerkez). [space height="20"] You can learn more about the service provider through their website HERE

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