My condolences to my British friends across the world. May Queen Elizabeth II rest in peace.
Dear all, we recently discussed the XRP/BTC and Bitcoin dominance against altcoins. It is happening as we expected. Please see the daily chart status below.
XRP has broken down the initial Resistance and re-tested it. As soon as she keeps $0.31221, we are good to go between $0.72 - $1.04 in a very short amount of time.
We can say, in the daily frames we are in the verge of starting Wave 3.
Wave Trend Indicator
Although it is early, the daily wave trend indicator turned into a green signal. It was close to the oversold area. It was expected XRP to touch around $0.31 (and 3% below) and could still be the case since $0.31221 needs to be closely checked.
Conclusion
XRP has broken one of the important resistance and retested yesterday. Wave trend signals green.
BTC Dominance is close to 38% (based on BTC.D and we discussed this level earlier. If we see a drop close to or below this level, then we can see an extraordinary move soon.
Cheers,
DD
As always, Important Note: None of the targets represented on defenddark.net and defenddark.com is financial advice. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
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