catnip_

XRP/BTC double bottom

Long
BINANCE:XRPBTC   XRP / Bitcoin
XRP/BTC is, at the moment, making a high volume dip below the last low. Considering that:
1. XRP/BTC is above major support lines;
2. XRP/BTC is well below the MA200 (-33%);
3. XRP/USD is squished between giant old support and resistance lines;
4. The MA200 of XRP/USD is rising;
5. XRP.D (dominance) has touched last year's bottom of 1.70%;

All of this suggests that the continuous spill could end soon, making a double bottom.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.