Let us start by wishing to all of our readers a Happy New year 2018. Wishing you to be healthy, since without a good health everything becomes more complicated, and to be happy and successful in all your endeavors.
Now, here are some of the latest warnings from the egoldfx meter:
The last time the Ripple egoldfx meter strength line bounced on the oversold level was on 2017/12/17. When the nearest resistance at +/- $0.90 was broken a sharp uptrend followed with price surging over $3.00.
Are we again before another strong upward move? Well, the egoldfx meter is just bouncing on the oversold level. We will need to have a confirmation of an extension of the bounce in the next few days and the nearest resistance at $2.25 to be broken in order to confirm a new uptrend for Ripple. But until then, downward moves are still to be concidered
The egoldfx meter just sent a down trend warning for EOS BUT this alert needs to be validated with a break of the most recent support. If the support is not broken, the egoldfx meter will soon send another alert for a new upward move which will void the previous warning. As of the time of writing, the egodlfx meter is barely moving out of the oversold area. We will need to wait 2 more days to have a confirmation.
The egoldfx meter just sent a downtrend warning for IOTA BUT this alert needs to be confirmed with a break of the most recent support. If IOTA egoldfx meter strength line bounce on the oversold level (below 30) then this will void the uptrend alert and send a new uptrend warning. But at the time of writing IOTA has not yet reached the oversold level hence downward moves are still possible.
Good trading