Nice opportunity to buy Ethereum here with a big hourly candle reversal pattern right around the major trend line in oversold (hourly) conditions. We can probably expect a move up to test the pennant at 660 and a potential breakout higher.
I suspect that a lot of money has flown out of XRP and investors will be looking to more safer cryptos like ETH and BTC which should cause further higher prices
I suspect that a lot of money has flown out of XRP and investors will be looking to more safer cryptos like ETH and BTC which should cause further higher prices
Trade closed: stop reached:
It seems fear has hot the crypto space and ETH was pulled down as alt coins were hit following the xrp huge sell off today. I'm out for now of longs. It remains to be seen whether BTC can hold up when everything is selling or whether BTC will be the one main safe haven in crypto
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